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Sri Lanka’s transport reforms lack political will: Kumarage
Apr 22, 2016 (LBO) – Sri Lanka’s politicians should lead from the front and drive much needed transport reforms which have evolved through changes in social and economic conditions, a senior official told LBO. “Vehicles gridlocked in Colombo traffic is something we are all familiar with by now. But what are we doing about it?” Amal […]
BOC ATMs dispensed record Rs30bn during Avurudu season
The Bank of Ceylon, Leader in the Sri Lankan Banking Industry has set a bench mark of dispensing a record breaking Rs.30.72 Billion from its ATMs during Avurudu season. The Bank has made every possible arrangement to provide the utmost convenient and easy access to cash for its customers during this festive season. Bank has […]
Sri Lanka joins 9 countries that reformed fisheries governance
Apr 22, 2016 (LBO) – Sri Lanka has joined the growing list of countries that have reformed their fisheries governance systems following a lift of ban by the European Commission yesterday. Subsequent to specific warnings by the European Union, a total of ten countries (Sri Lanka, Ghana, Papua New Guinea, Korea, the Philippines, Fiji, Belize, […]
Interview: Sri Lanka wants infrastructure that generate revenue, says Niroshan Perera
Apr 22, 2016 (LBO) – Sri Lanka will move ahead with development projects that generate revenue while strengthening accountability of state institutions to Parliament, a government minister said. State Minister for National Policies and Economic Affairs, Niroshan Perera, spoke to Lanka Business Online on several aspects of policy. Projects such as the Mattala airport and […]
‘s IGP race
Apr 20, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed Pujitha Jayasundara as the new Inspector General of Police. President’s Media Division said the President has presented the letter of appointment to Jayasundara today (April 20) at the Presidential Secretariat. President Sirisena recently submitted the names of three Senior Deputy Inspectors Generals of Police, […]
Sri Lanka tea sees better demand for high grown small leafs
Apr 20, 2016 (LBO) – Sri Lanka’s tea at auction offerings saw good demand all round with better demand for high grown small leaf teas, Forbes & Walker Tea Brokers said in their latest report. “Consequent to the smaller volume on offer coupled with the absence of an auction last week on account of Sinhala/ Tamil […]
Sri Lanka plans new railway for coal transportation
Apr 20, 2016 (LBO) – Sri Lanka’s government is planning to build a new railway track from Maho to Puttalam to transport coal from Trincomalee to Norochcholai through railway lines, the Power Minister said. Power Minister Ranjith Siyambalapitiya speaking at a press briefing on Wednesday said the ministry is currently in talks with the Railway […]
Sri Lankan delegation in Pakistan to revive Buddhist Gandhara trail
A high level delegation of 40 high ranking Sri Lankan Buddhist Monks as well as eminent Buddhist scholars led by Speaker of the Sri Lankan Parliament Hon. Karu Jayasuriya left for Pakistan last evening for a week-long visit from April 18 to 25, 2016. The delegation comprises senior monks of all Buddhist chapters including Most […]
PTL Watch: Sri Lanka bond yields tick up on profit taking
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CEB responds to shortcomings pointed out by power regulator
Apr 20, 2016 (LBO) – Sri Lanka’s Ceylon Electricity Board (CEB) has responded to shortcomings pointed out by the Public Utilities Commission of Sri Lanka (PUCSL) after recent island-wide power failures. In a letter dated 28th March, 2016, the CEB has agreed to the recommendations, but does not include a detailed explanation for the island-wide […]
‘s ageing population poses socio-economic challenges
By Zahran Sikkanther Lebbe Sri Lanka’s rapidly ageing population poses serious challenges on several fronts. Selected socio-economic challenges of this demographic transition are highlighted here calling attention of policy makers to implement fruitful interventions to preserve the rights of the elderly and to ensure their financial stability, social security and easy access to healthcare. Statistics […]
Clinton, Trump lead in New York primaries
Apr 20, 2016 (LBO) – Democratic presidential candidate Hillary Clinton won New York’s Democratic primary reasserting her position over rival Bernie Sanders in the fight for the presidential nomination. In the Republican contest, Donald Trump defeated Ohio Governor John Kasich and Texas Senator Ted Cruz by a wide margin. Sanders had surged over the past […]