Tag: lka

water-supply

Sri Lanka Treasury guarantees water project funding from Bank of Ceylon

Oct 23, 2015 (LBO) – Sri Lanka is to implement a water supply project for the towns in east of Colombo with funding secured from Bank of Ceylon with a treasury guarantees, media spokesman Rajitha Senaratne told reporters on Thursday.The cabinet of ministers have approved the implementation of 34 water supply projects with a cost […]

Ranil-Wickramasinghe-new

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 Lankan Elections

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 […]

palmoil

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 […]

Rajitha Senaratne

Sri Lanka’s budget 2016 targets budget deficit of 5.5 pct- of GDP

Aug 03, 2015 (LBO) – Sri Lanka wants to reduce the budget deficit to 5.5 percent of gross national production over 2016 to 2018, maintaining the state investment at around 6 to 8 percent of GDP, Cabinet Spokesman Minister Rajitha Senaratne said.The Finance Ministry had informed the cabinet that it has begun preparations for the […]

investing

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 […]

carson

Sri Lanka’s Carsons profits up, Beverage sector revenues affected: Annual Report

July 23, 2015 (LBO) – Sri Lanka’s Carson Cumberbatch PLC, with investments ranging from oil palms and beer to financial services said revenue were up by 22.8 percent to 785 million rupees in 2014/2015, even though beverage segment of the company was affected due to excise duty. “Some of the tax proposals presented at the […]

Harin Fernando

“We don’t think President will join hands with MR”: Harin Fernando

June 30, 2015 (LBO) – Sri Lanka’s United National Party today said that they still do not think President Sirisena will join hands with former President Rajapakse in order to get Sri Lanka freedom party (SLFP) win the election.“For the past few days, we have heard Mahinda Rajapakse saying that mistakes has been done during […]

money_b&w

Sri Lanka obtains Rs 684 bn borrowings for the 4 months to April 2015

June 22, 2015 (LBO) – Sri Lanka’s new administration has obtained 684.2 billion rupees gross borrowings for the first four months to April 2015, the cabinet spokesperson said last week. The approved amount of loans to be taken in the year 2015 is 1,780,000 million or 1780 billion.According to the data submitted by Ministry of […]

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