Category: Other
Thilak Karunaratne sends letter of demand to Sunday Leader
Apr 18, 2016 (LBO) – Thilak Karunaratne, chairman of the Securities and Exchange Commission of Sri Lanka (SEC), has sent a letter of demand to The Sunday Leader newspaper alleging defamation for an article titled “SEC Fails Market Again,” on April 3rd. The article, which quotes from another article published on the website “‘Lanka News […]
IMF: Global growth has been too slow for too long
Are troubles ahead for the global economy? The IMF thinks so. Apr 12, 2016 (LBO) – IMF projects a global growth of a modest 3.2 percent in 2016, broadly in line with last year, but 20 basis points below the January 2016 forecast. The lender attributed its global economic outlook cut, for the second time […]
Sri Lanka moving ahead with Panama Papers investigation: CB Governor
Apr 12, 2016 (LBO) – Sri Lanka is moving ahead with an investigation on leaks contained in the Panama Papers, although clear information is not yet available, Central Bank Governor Arjuna Mahendran told reporters. “We have got some of those papers, and we are requesting further information from our counterparts,” Mahendran said. The names of […]
Goldman Sachs pays USD5 bln to settle role in financial crisis
Apr 12, 2016 (LBO) – Top investment bank Goldman Sachs will pay 5.06 billion dollars to settle allegations that it sold packages of questionable mortgages to investors during the period leading up to the financial crisis. Between 2005 and 2007, Goldman Sachs discovered problems with the mortgages it was selling to investors but didn’t tell […]
Decisions under Sri Lanka’s Megapolis are ad-hoc: Prof Kumarage
Apr 08, 2016 (LBO) – Decisions and actions under Sri Lanka’s Megapolis have been ad-hoc and have not received sufficient debate and evaluation, a transport sector expert charged. Professor Amal Kumarage, a senior professor at Moratuwa University, speaking at a Verité Research seminar said the Megapolis initiative is based on unsustainable high-cost and long-term solutions. […]
Commercial Bank supports up and coming mobile game developers, Conducts mobile game challenge
The Commercial Bank of Ceylon has come forward to support up and coming mobile game developers by recognising their creativity and capability through a mobile game competition. A first by a bank in Sri Lanka, the ‘Combank Mobile Game Development Challenge’ conducted by the Bank via Facebook over three months saw more than 100 […]
IGP Illangakoon called on President to formally inform his retirement
President Maithripala Sirisena says N. K. Illangakoon, the outgoing Inspector General of police (IGP), was an exemplary character for the Police officers to emulate as he fulfilled his duties and responsibilities in protecting the dignity of his office. The President made these remarks when IGP N. K. Illangakoon called on him to formally inform his […]
SriLankan Airlines launches new website with new features
SriLankan Airlines unveiled its newly revamped website www.srilankan.com with vastly improved features that are aimed at providing an enhanced customer service experience from the very first moment a person visits the site. SriLankan Airlines’ Chairman, Ajith Dias said, “Our new website with its advanced features is one of several initiatives which we have launched in […]
‘Lester, Cinema and Sri Lanka’ launched on maestro’s 97th birthday
The ceremonial launch of a book on the life and work of Dr Lester James Peries, the doyen of Sri Lankan cinema was held to celebrate his 97thbirthday. The event was attended by the Prime Minister, Media Minister, relatives, veterans from the film and media industries and well-wishers. ‘Lester, Cinema and Sri Lanka’ is a […]
‘s PM, first casualty of Panama Papers
Apr 06, 2016 (LBO) – Iceland’s Prime Minister Sigmundur David Gunnlaugsson resigned on Tuesday, the first casualty of the leaked Panama papers. The Panama Papers showed that his wife owned an offshore company with claims on Iceland’s banks, which is an undeclared conflict of interest, according to media reports. More than 11.5 million documents, leaked […]
Sri Lanka launch Green Energy Champion Campaign
The German Ministry of Foreign Affairs together with The Ministry of Power and Renewable Energy of Sri Lanka, and the project implementing partner Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and supporting partners Sri Lanka Sustainable Energy Authority and The Sri Lanka Energy Managers Association (SLEMA) launched The Green Energy Champion Sri Lanka initiative, a […]