Tag: colombo
EU monitors say poll well-administered, some rules restrictive
Aug 19, 2015 (LBO) – European Union election monitors said on Wednesday the parliamentary election in Sri Lanka was well-administered and offered voters a genuine choice from among a broad range of political alternatives.“On top of the positive legal changes, these have been the most peaceful elections in Sri Lanka in a long time,” Ignazio […]
Sri Lanka’s UNP Leader asks for support to build a new political culture
Aug 18, 2015 (LBO) – Sri Lanka’s United National Front for good governance leader cum United National Party leader Ranil Wickramasinghe asked people’s support to build a new political culture in the island. Releasing a statement, Wickramasinghe said the majority of the country has given approval for continuation of the good governance revolution made on […]
Sri Lanka General Election in Pics
Aug 17, 2015 (LBO) – Sri Lanka’s 2015 parliamentary polls began on August 17 with a total of 6,151 candidates seeking a place for 225 places in parliament.About 3,653 candidates are contesting from recognized political parties while 2,498 independents also seek a seat in parliament. Media reports say Prime Minister Ranil Wickremesinghe and ex-President Mahinda […]
Sri Lanka Watawala Plantation profits drop; palm oil supports bottomline
Aug 07,2015 (LBO) – Sri Lanka’s Watawala Plantations said it made a profit of 131 million rupees in the June 2015 quarter, down 43 percent, compared with 231 million rupees in the same quarter last year, battered by declines in the tea sector.The firm reported earnings of 55 cents per share for the quarter, in […]
Sri Lanka exporters urged to be focused and add value: Harsha de Silva
July 30, 2015 (LBO) – Sri Lanka’s exporters should focus and export more value added goods and services with a target of surpassing Gross domestic product (GDP), Deputy Economic Policy Minister Harsha de Silva said.“I would like to see exports to GDP surpassing, that means more than 100 percent of GDP,” Silva said.“So that is […]
Sri Lanka rating supported by growth, constrained by govt finances: Moody’s
July 30, 2015 (LBO) – Sri Lanka’s credit outlook could improve if the government debt and interest payment ratios were to stabilize at considerably lower than current levels, Moody’s Investors Service said in a recent credit outlook report. Sri Lanka’s state credit is rated ‘B1’ below investment grade, by the rating agency. “Sri Lanka’s B1 […]
Sri Lanka to invest Rs30mn per electorate on rural road building and rehabilitation
June 09, 2015 (LBO) – Sri Lanka’s Ministry of Highways and Investment Promotion said that it has launched an island-wide rehabilitation project for the rural road network.Under this new program every electorate has been allocated 30 million rupees to build the necessary roads and repair those that require it.The ministry says the aim behind this […]
Sri Lanka’s Finance ministry to fund halted projects in Colombo
June 5, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake yesterday said that the government will allocate 1,296 million rupees for 390 projects in the Colombo District which were halted due to lack of funding.“These projects should have been completed last year.But the government has not given funds,” Karunanayake told LBO. “So now we […]
Colombo, Fastest Growing City For MasterCard Tourism Index
June 4, 2015 (LBO) – Sri Lanka’s commercial capital – Colombo leads the pack as the fastest growing city in terms of international, overnight visitor numbers in the annual MasterCard Global Destinations Cities Index, a release said.“Colombo’s ranking as the fastest growing city on MasterCard’s latest Global Destination Cities Index reflects the rising appeal of […]
LBR LBO Enterprise Summit 2015 – Sri Lanka – “Technology Drives Disruption: Embrace or Face Extinction” – 14 July 2015
Topic: Sri Lanka – Technology Drives Disruption: Embrace or Face Extinction Date/Time: Tuesday 14th July 2015 | 0845 – 1800 Hrs Venue: Oak Room, Cinnamon Grand Host: Lakshaman Bandaranayake | Founder, Publisher | Lanka Business Online [LBR LBO] Inquiries: Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 Nimalka Karunatillake | nimalka@lbo.lk | […]
Sri Lanka’s CDS signs MoU with NSDL India to share knowledge on depository services
May 26, 2015 (LBO) – Sri Lanka’s Central Depository System (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the National Securities Depository (Pvt) Ltd of India (NSDL), for the purpose of knowledge sharing in the area of depository services, the company said in […]
Sri Lanka’s Chinese port city builders positive about govt. decision on project
May 26, 2015 (LBO) – Sri Lanka’s controversial Chinese funded port city project builders say that they are awaiting a positive reply from the government on the suspension of work.An official of the project company of port city Sri Lanka, CHEC port city Colombo private limited said that discussions are still on going and once […]