Category:
Mass transit essential for Colombo to succeed: UDA DG
Feb 09, 2016 (LBO) – The critical role earmarked for joined-up public transport in Colombo’s development and what can be done to boost lending for housing were two topical issues explored by senior figures at the Urban Development Authority (UDA) with the Oxford Business Group. The UDA’s director general Nayana Mawilmada said Sri Lanka’s inadequate […]
Michael Bloomberg mulls US Presidency
Feb 09, 2016 (LBO) – Michael Bloomberg, founder owner of Bloomberg, yesterday said that he is looking at options to compete upcoming US Presidential elections. He termed the current election campaign to be “an insult to the voters,” media reported. According to reports he has been distressed by the rise of Donald Trump and Texas […]
Prince Zeid Al Hussein meets Prime Minister Ranil Wickramasinghe
UN Human Rights Commissioner Zaid Al Hussein met Prime Minister Ranil Wickremesinghe today (09) at Temple Trees.
Nikkei falls 5 pct on negative interest rates, global growth
Feb 09, 2016 (LBO) – Japan’s Nikkei fell 5 percent on Tuesday on weaker banking shares after the Bank of Japan allowed negative interest rates, while a stronger yen dragged down stocks across the board. The Nikkei dropped fell to 16,139 points in mid morning trade while China and Hong Kong markets were closed for […]
UN HR Chief meets Opposition Leader R Sampanthan – VIDEO
The UN High Commissioner for Human Rights, Zeid Ra’ad Al Hussein, met with Leader of the Opposition early this morning.
Rauff Hakeem meets Prime Minister of Turkey
Minister of City Planning and Water Supply and SLMC Leader, Rauff Hakeem has called over at the official residence of the Prime Minister of Turkey Ahmet Davutoğlu for key government discussions yesterday, the ministry said. “Among other things discussed were strategies to energize resettlement efforts, especially the housing needs and referrals to other services of […]
Opinion: Central Bank’s clarification on EPF has unwittingly refuted PM and Minister of Finance?
By W.A. Wijewardena The Central Bank has issued a clarification on the Monetary Board’s alleged failure to publish the annual reports of the EPF after 2012, a concern raised by this writer in a previous article. This alleged failure has been only one of the concerns raised in the article among many failures of the […]
Sri Lanka’s Access Engineering net up in December
Feb 08, 2016 (LBO) – Sri Lanka’s Access Engineering group, which has interests in construction, real estate and automobiles, said net profits in the December 2015 quarter was slightly up by 2.6 percent to 544.82 million rupees from a year earlier. The group posted earnings of 54 cents per share. The stock last traded at […]
SAARC should consider common energy framework
Feb 08, 2016 (LBO) – South Asian energy regulators are looking at ways to promote cross border energy trade through a common market in the South Asian region, a SAARC official said at a forum in Sri Lanka, Monday. The forum wants to promote cross border energy trade in the region by harmonizing legal, policy […]
UN HR Chief meets officials of National HR Commission
The UN High Commissioner for Human Rights, Zeid Ra’ad Al Hussein, met with the Office of the National Human Rights Commission in Sri Lanka, this afternoon.
Sri Lanka’s Distilleries December net up 10.7 pct
Feb 08, 2016 (LBO) – Net profits at Sri Lanka’s Distilleries Group, the island’s largest alcohol maker, rose 10.7 percent to 1.78 billion rupees in the December 2015 quarter form a year earlier, interim accounts showed. In the December quarter, total revenues rose 36 percent to 23.58 billion rupees and cost of sales rose at […]
Sri Lanka official reserves drop by USD1bn in January
Feb 08, 2016 (LBO) – Sri Lanka’s official reserves have dropped by one billion US dollars to 6,301. 25 million dollars in January 2016 from 7,303.64 million dollars from a month ago, Central Bank data showed. Sri Lanka’s reserves are categorized in terms of five main items namely: foreign currency reserves, IMF reserves, special drawing […]