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Sri Lanka cuts government spending over foreign visits and security measures
Sep 23, 2015 (LBO) – Sri Lanka’s cabinet on Tuesday decided to cut government spending over various activities and introduced a new criteria to adopt in expending government funds.The Prime Minister has focused the attention of the following; • Minimizing to the maximum level foreign visits by the Ministers, State Ministers, Deputy Ministers, all elected […]
Developing Asia needs to strengthen women’s place in the labor market: ADB
Sep 23, 2015 (LBO) – Taking strong proactive measures to get more women into productive, well-paid jobs, entrepreneurship, and leadership positions will bring multiple and long-lasting economic and social benefits to developing Asia, the ADB said. According to the ADB’s annual economic publication, Asian Development Outlook 2015 women’s participation in Asia’s workforce has actually fallen […]
Sri Lanka JKH’s Cinnamon Life has 40 pct of residential tower prebooked: Official
Sep 23, 2015 (LBO) – Sri Lanka’s blue-chip John Keells Holdings said that its 850 million US dollar mixed development project “Cinnamon Life” has already started selling apartments in its integrated resort under the concept of live, work and play. “We call it a city-within-a-city which will have office space, shopping, dining, entertainment, playing area, apartment and […]
‘s new govt must rein in corruption, says opposition MP
Sept 23, 2015 (LBO) – Sri Lanka’s jumbo lineup of ministers after the August general election, in the context of a national government, raises more concerns about corruption, not less, according to opposition Member of Parliament Tharaka Balasuriya. “When all these guys get together, how are people going to answer.Corruption can definitely increase as this […]
Asian stocks hit by falling commodity prices in US
Sep 23, 2015 (LBO) – Asian stocks hit a negative in early Wednesday trade following a major U.S. averages crashed more than 1 percent overnight, foreign media reports showed. Commodity prices hit two-week lows on Tuesday, with U.S. crude oil down to 45.83 US dollars a barrel. Chinese shares dipped ahead of the key factory activity data […]
Germany to help revive GSP+ for Sri Lanka: Visiting Foreign Minister
Sep 23, 2015 (LBO) – Germany would lead the European Union to revive the GSP+ relief for Sri Lanka, the German Foreign Minister said in a statement. “I will take action in that regard, in coordination with the Foreign Ministry of Sri Lanka,” Frank Steinmeier, foreign minister of Germany said when he called on President […]
Germany can utilize Sri Lanka’s skilled labour force: Foreign Minister
Sep 22, 2015 (LBO) – Sri Lanka’s Foreign Minister said more German companies should invest in Sri Lanka and take advantage of the islands skilled labour force and regional ties, during the visit of his German counterpart. “Now that Volkswagen is in, other German companies are taking an interest in Sri Lanka,” Mangala Samaraweera, Minister […]
Microsoft releases Office 2016 for Windows and Mac
Sep 22, 2015 (LBO) – Microsoft on Tuesday released worldwide its latest office update, the Office 2016 along with several new and enhanced Office 365 services. Some highlights from Microsoft: • Outlook 2016 provides the smartest inbox yet, delivering lightning fast search, removing low priority mail automatically and making sure everyone on the To: line […]
Sri Lanka Treasury bill yields mixed
Sep 22, 2015 (LBO) – Sri Lanka’s 12-month Treasury bill yields were up at Tuesday’s auction while the 3-month yields were down, data from the state debt office showed. The 3-month yields were down by one basis point to 6.78 percent, and the 12-month yields rose one basis point to 7.18 percent. The 6-month yields […]
Sri Lanka stocks close up 0.2-pct on three week high: Poultry gains
Sep 22, 2015 (LBO) – Sri Lankan stocks closed up 0.20 percent on Tuesday with gains in John Keels Holdings and poultry stocks, brokers said. The Colombo benchmark All Share Price Index closed up 14.01 points at 7,118.38 higher 0.20 percent. S&P SL20 closed 17.98 points higher at 3,899.02 up 0.46 percent. Turnover was […]
Sri Lanka’s Parliament completes appointing civil representatives to CC
Sep 22, 2015 (LBO) – Sri Lanka’s Parliament has completed the appointment of three civil representatives to the Constitutional Council on Tuesday.Dr. Ahangamage Tudor Ariyaratne, Shibly Aziz and Dr.Radhika Coomaraswamy were the three non-Parliament members of the council nominated by both the Prime Minister and the Opposition Leader.Earlier in the month, President and the Prime […]
CSE employee in Top Ten Best Speakers of World
The Colombo Stock Exchange (CSE) proudly recognises the achievement of a member of its staff, Arfath Saleem of the Human Resources Division who competed at the World Championships of public speaking in Las Vegas, USA from August 12-15, 2015.Saleem was placed amongst the top 10 speaker of the world.Following several competitions at club, area, division […]