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Early wins for Clinton, Trump in nomination race
Mar 02, 2016 (LBO) – Hillary Clinton and Donald Trump both won several states in the race for US presidential nomination in results released so far. Trump clinched seven states Alabama, Georgia, Massachusetts, Tennessee, Virginia, Arkansas and Vermont, Ted Cruz won Texas and Oklahoma and Marco Rubio won Minnesota. On the side of Democrats, Hillary […]
Sri Lanka’s Central Bank to sell USD200mn worth development bonds
Mar 01, 2016 (LBO) – The Central Bank will issue 200 million US dollars of development bonds with a tenor of 3 months, 5 months, 1 Year and 2 Years 1 month to local and foreign investors. The Debt Department said the subscription will be at a floating rate of 6 month LIBOR for USD […]
MR reveals UNP conspiracy to destroy SLFP
I take pride in the fact that I built the strongest SLFP government in our party’s history during my tenure in power. That government was so strong that it could be defeated only by conspiratorially creating divisions in the party and a section of the SLFP joining the UNP in its campaign of vilification and […]
SINGER receives ‘named account status’ with Microsoft
SINGER Sri Lanka, achieved the named account status with Microsoft at a special occasion earlier this week. The event was graced by István Papp – Vice President Microsoft Asia Pacific, Brian Kealey- Country Manager – Sri Lanka & Maldives and Pubudu Basnayake – OEM Director – South East Asia New Markets from Microsoft and Asoka […]
LOLC opens trading at the CSE
Lanka ORIX Leasing Company PLC (LOLC) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. Mr. Vajira Kulatilaka, Chairman of CSE speaking at the event stated “We thank the LOLC Group for taking part in this market opening ceremony, which marks the first day of trading for the month of […]
US reiterates support for constitutional reforms in Sri Lanka
Mar 01, 2016 (LBO) – The United States after the first annual US, Sri Lanka Partnership Dialogue held recently in Washington has expressed support for the Government’s plans for constitutional and legislative reforms including public consultations on a new Constitution. Foreign Minister Mangala Samaraweera was in Washington DC on 25 and 26 February for the […]
US calls on Sri Lanka to join Indo-Pacific Economic Corridor
Mar 01, 2016 (LBO) – United States called Sri Lanka to strengthen cooperation on issues of regional importance through multilateral organizations like the Indian Ocean Rim Association. “The United States encouraged Sri Lankan participation in its Indo-Pacific Economic Corridor initiative to increase economic connectivity among South Asian countries and with Southeast Asia, which is congruent […]
The Body Shop launches in Sri Lanka
Mar 01, 2016 (LBO) – The well-known British Cosmetics company, The Body Shop, has finally set foot in our paradise isle. “Gone are the days of relying on friends or relatives visiting from overseas to get our hands on a Body Shop pack. Now we Sri Lankans too can purchase our favourite products whenever necessary,” […]
Huawei Mate 8 and GR5 says ‘Ayubowan’
Huawei together with its national distributor SINGER Sri Lanka introduced two latest flagship smartphones- Huawei Mate 8 and Huawei GR5 to Sri Lanka at a grand spectacle held at the Cinnamon Grand. Over 400 guests were able to experience the ‘Breakthrough in Power and Efficiency’ offered by the new duo smartphones. The Mate 8 available […]
Sri Lanka Customs expedites cargo clearing process
Mar 01, 2016 (LBO) – Sri Lanka Customs has accelerated its cargo clearing service to minimize delays for importers and exporters. As per the new directions, every piece of cargo will be cleared within 3 days unless it has a legal issue or pending investigation. Customs Director General Chulananda Perera told reporters Monday that the […]
Ceylon Chamber appoints Dhara Wijayatilake as CEO
The Ceylon Chamber of Commerce, the country’s premier business Chamber, is pleased to announce the appointment of Ms. Dhara Wijayatilake, Attorney-at-Law, as its new CEO w.e.f. 1st March, 2016. Her appointment to the 176 year old Institution comes following the resignation of Mr. Mangala P. B. Yapa, who served as the CEO of the Ceylon […]
Sri Lanka finds more hidden dues of past regime: Ravi Karunanayake
Mar 01, 2016 (LBO) – Sri Lanka has uncovered more dues of the past regime which will affect public finance, Finance Minister Ravi Karunanayake said. According to Karunanayake, Minister S.B. Dissanayake’s ministry has recently revealed that they have a burden on bills to pay an additional 5,423 million rupees. With this new addition government has […]