Tag: lbo
FM statement on misreporting of CID investigation regarding Namal Kumara
Sept 27, 2018 (LBO) – The Criminal Investigation Department (CID) is conducting investigations into serious allegations of an alleged conspiracy to assassinate President Maithripala Sirisena, former President Mahinda Rajapaksa and former Defence Secretary Gotabaya Rajapaksa, amongst others. As of this time, the only source for these allegations is a statement made by A.M. Namal Kumara. While […]
Collapse of rupee and yahapalana govt.’s economic mismanagement: MR
Sept 26, 2018 (LBO) – The Rupee has depreciated steadily against the US Dollar ever since the yahapalana government came into power – a trend which has now accelerated alarmingly. The value of the US Dollar which was Rs. 131 at the end of 2014 when I left office is now over Rs.170 and continuing […]
Millennium Challenge Cooperation to grant USD 480Mn to Sri Lanka
Sept 26, 2018 (LBO) – United States will provide a US$ 480 million grant to Sri Lanka for several development projects, a statement said. President Maithripala Sirisena by the Chief Operation Officer of US Government owned Millennium Challenge Cooperation (MCC), Brock Bierman assured the Sri Lanka’s President at a meeting at the Lowes Regency Hotel […]
‘s looks at adaptive social protection to protect poor,vulnerable from disasters
Sept 26, 2018 (LBO) – The key concerns for Sri Lanka are less about extreme poverty; and more about vulnerability to an array of risks like disaster and the management of them, the Country Director of the World Baknk in Sri Lanka said. “Sri Lanka has put in place extensive programs to respond to disasters […]
Appropriation Bill to parliament second week of October
Sept 25, 2018 (LBO) – Sri Lanka’s cabinet has approved the Appropriation Bill proposed by Finance Minister Mangala Samaraweera, to be presented in Parliament during the second week of October, a statement said. The Appropriation Bill estimates, the total expenditure for 2019 without budget proposals is 4,376 billion rupees, the latest statement on cabinet decisions said. […]
President to address UN General Assembly today
Sept 25, 2018 (LBO) – President Maithripala Sirisena arrived in New York to attend the 73rd Session of the United Nations General Assembly (UNGA), Sunday. Ministers Rajitha Senaratne, Champika Ranawaka and Mano Ganeshan accompanied the President. Foreign Minister Tilak Marapana arrived in New York yesterday. President Sirisena is scheduled to address the UNGA on September […]
Feature: Building Sri Lanka’s resilience to climate change
By World Bank 38-year-old Sivasidambaram Vasugi is the General Manager of one of the first cooperative-owned seed paddy processing centers in Killinochchi, Si Lanka. The Integrated Farmers Thrift and Credit Cooperative Society (IFTCCS) provides local farmers with high-quality seeds, but these days, there are no buyers walking in the door. Her community is facing a […]
Maldives elects new President: Abdulla Yameen concedes defeat
Sept 24, 2018 (LBO) – The Maldives, has voted Ibrahim Mohamed Solih, the opposition candidate, as the islands new President, foreign media reports said. Incumbent Abdulla Yameen, conceding defeat said, the citizens of the Maldives had their say and I accept that result. “I have congratulated him,” media reports quoted the out going President as saying. Solih […]
“Sri Lanka Socio-Economic Data – 2018”, now available
Sept 24, 2018 (LBO) – “Sri Lanka Socio-Economic Data – 2018”, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The current data folder is the 41st volume of the series. This easy- to- carry data folder contains information categorized under 14 topics, namely, Country Profile; […]
Sri Lankan tech firm Auxenta in ‘30 Most Innovative Companies to Watch 2018’
Sept 21, 2018 (LBO) – The fast-growing boutique technology solutions firm, Auxenta, is proud to be named as one of ‘30 Most Innovative Companies to Watch for 2018’, with some of the leading tech firms around the globe. Headquartered in Silicon Valley, USA, Auxenta is an innovative software engineering services and technology product consulting company. It works […]
‘s rupee hits record lows as Central Bank hold rates
Sept 21, 2018 (LBO) – Sri Lanka’s rupee hit an all time low of 168.65/169.00 to the US dollar at the close of day Thursday down from 167.10 the day before as the Central Bank of Sri Lanka held rates. Sri Lanka’s Minister of Finance Mangala Samaraweera releasing a statement said that Sri Lanka has been […]
World Bank says action needed to prevent impacts from climate change in Sri Lanka
Sept 20, 2018 (LBO) – Rising temperatures and changing rainfall patterns pose a threat to Sri Lanka and could reduce GDP and living standards, a new World Bank report says. The report South Asia’s Hotspots: The Impact of Temperature and Precipitation Changes on Living Standards flags that almost half of South Asia’s population now lives in vulnerable […]