Tag: news
Sri Lanka to form a committee to discuss and finalize 20th amendment
May 28, 2015 (LBO) – Sri Lanka’s cabinet spokesman said that, a committee will be formed including the President, Prime Minister, interested parties in the cabinet and minority party leaders to discuss and make a final decision regarding the 20th amendment to the constitution.Cabinet Spokesman Rajitha Senaratne said that President Sirisena submitted a cabinet paper […]
Sri Lanka to develop BIA infrastructure facilities with Rs49bn of Japan funding
May 28, 2015 (LBO) – Sri Lanka plan to the develop essential infrastructure facilities of Bandaranaike International Airport with Japan funding of 48,969 million rupees, cabinet spokesperson said.It is expected to double the annual passenger handling capacities of the airport from the current volume of 7.4 million to 15 million by the year 2020.In this […]
Sri Lanka needs a stronger female work force: Economist
May 28, 2015 (LBO) – Sri Lanka needs to look at ways to address, the lower female participation in the labour force and the under employment of the educated women, to get maximum contribution to the national economy, a senior economist said. “Sri Lanka needs to create more suitable employment opportunities for women,” Saman Kelegama, […]
Maldivian hotel operator to build a water villa in North West Coast, Sri Lanka
May 27, 2015 (LBO) – A Maldivian Hotel operator, Sun Siyam said that it plans to develop an overwater villa resort in Kalpitiya, Sri Lanka as the hotel plans to expand across the Island.This project comes at the perfect time for overseas expansion of Maldivian brands, Ahmed Siyam Mohamed, Chairman and Managing Director of Sun […]
Sri Lanka Treasury bill yields dropped: Central Bank
May 27, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with 3-months yield dropping 01 basis points to 6.07 percent and 6-month yields also dropping 01 basis points, to 6.18 percent, data from the state debt office showed.It was decided to accept 10,102 million rupees from the auction of 03 […]
Sri Lanka to set up a special court to ensure speedy justice for brutal murder of Jaffna school girl
May 27, 2015 (LBO) – Sri Lanka’s President Sirisena had said, a special court will be set up to ensure speedy and proper justice in the case of brutal rape-murder of the school girl in Jaffna.“We cannot let such incidents to be happened ever in the future in the country,” Sirisena said.He yesterday visited Jaffna […]
Sri Lanka’s Ceylon Cold Stores March quarter net down 7-pct
May 27, 2015 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores, which has interests in consumer goods and retailing, fell 6.75 percent to 601.2 million rupees in the March 2015 quarter from a year earlier with the tax expense doubled, interim accounts showed.The firm reported earnings of 6.33 rupees per share for the quarter […]
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 […]
‘s Sunshine Holdings eyes renewable energy projects
May 26, 2015 (LBO) – Sri Lanka’s Sunshine Holdings said it is considering diversify and expand the renewable energy sector, if the government is willing to disclose plans for the sector, Group Managing Director said, Tuesday. “We are looking at opportunities in solar and wind power,” Vish Govindasamy, Group Managing Director of Sunshine Holdings Plc […]
Sri Lanka’s business chamber calls for early election, says overseas business community is concerned
Mar 26,2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said, that the government should calls for early parliamentary election without a delay , so that policies can be formulated and implemented to kick-start the economy and exploit its true potential. “We once again reiterate the need for conducting parliamentary elections without delay,” the chamber […]
‘s accusations ; Ready for TV debate
May 24, 2015 (LBO) – Sri Lanka’s former Central Bank Governor Ajith Nivard Cabraal said that the recent accusations aganist him were made to shift the country’s attention away from the current Treasury bond scam which took place under “Yahapalanaya” rule and challenged a television debate. “My attention is drawn to several recent accusations and […]
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May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC’s outlook to negative from stable due to continued deterioration in bank’s capitalisation amid aggressive loan growth.The full statement reproduced below Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC’s (PABC) Outlook to Negative […]