Category: People
‘s oligarchs
August 31, 2018 (LBO) – Arguably Sri Lanka’s richest man, Dhammika Perera struck a patriotic tone at the recent “fireside chat” event at the Colombo Hilton. In a panel that comprised some of Sri Lanka’s most wealthy and influential businessmen (no women were on the panel), Perera stood out from the pack. The panel included […]
Godahewa says CSE has tanked since he resigned as SEC Chairman
August 30, 2018 (LBO) – Former SEC Chairman Nalaka Godahewa has tweeted that the Stock Market in Sri Lanka performed much better when he was the head of the SEC.The tweet was met with opposition from several users who accused the former SEC Chairman of presiding over an era of pumping and dumping in the […]
‘s Gihan Cooray to Chair Nations Trust Bank
August 30, 2018 (LBO) – John Keells Holdings (JKH) Group Finance Director Gihan Cooray is set to take over as Chairman of Nations Trust Bank from December 1, 2018. The unanimous board decision to appoint Cooray as Chairman came amidst the anticipated retirement of current Chairman Krishan Balendra, who is required resign after his 9 […]
‘s novice geopolitical commentary advances conspiracy theories
August 25, 2018 (LBO) – Controversial former SEC Chairman and corporate executive Nalaka Godahewa has released a youtube video with his commentary on the recent visit of the Japanese Defence Minister and its geopolitical implications.In it he puts forward theories of geopolitical posturing by countries such as the United States, Japan, India and China with […]
New Executive Director at Lakshman Kadirgamar Institute (LKI)
August 22, 2018 (LBO) – Dr. Ganeshan Wignaraja has been appointed as the new Executive Director of the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI). The institute is Sri Lanka’s premier think tank, named after Sri Lanka’s long time Tamil Foreign Minister who was assassinated by the LTTE. Official statement follows: “LKI’s […]
Virtusa worth $ 1.5 billion, projects year-end March 2019 revenue of $ 1.25 billion
August 15, 2018 (LBO) – Nasdaq listed software development company Virtusa (VRTU) reported earnings for the quarter ended June 30th 2018 last week. The company reported revenue of US$300mn in the quarter, up over 30% year over year, and up 6% sequentially. Non-GAAP net income was US$17mn for the quarter. For fiscal year 2019, which […]
” to politics in Sri Lanka
August 13, 2018 (LBO) – Cricket legend and icon Kumar Sangakkara has dashed the hopes of Sri Lankans everywhere by releasing a statement that he will not be entering politics. Instead of merely ruling out the 2020 Presidential election, Sangakarra has dashed all hopes by saying that with “enormous certainty” he will never enter politics […]
Ceylon Today offers unreserved apology to Kumar Sangakkara
August 1, 2018 (LBO) – Newspaper Ceylon Today has offered an apology to Kumar Sangakkara for misquoting him on a front page article speculating about his presidential ambitions.The episode created a stir on social media, which has been abuzz with speculation on Sangakkara after cricket legend Imran Khan’s party emerged victorious in Pakistan’s general election.The […]
Sangakkara responds on Twitter to inaccurate quote in Ceylon Today
July 29, 2018 (LBO) – As speculation heats up about Sri Lankan cricket legend Kumar Sangakkara’s presidential ambitions, he has already had to come out and correct false quotes attributed to him by Sri Lankan media. After the emergence of Imran Khan as Pakistan’s Prime Minister to be, it seems as if many Sri Lankans […]
Cambodia’s Hun Sen To Continue as World’s Longest Serving Prime Minister
July 29, 2018 (LBO) – Hun Sen’s Cambodian People’s Party (CPP) has won the country’s 6th general election held on July 29 in a landslide and he will continue as the world’s longest serving Prime Minister, extending his 33 years for another 5 year term. The highly controversial election was deemed illegitimate by the U.S., […]
Glass ceiling obliterated, Shemara Wikramanayake to become CEO of global investment bank Macquarie
July 26, 2018 (LBO) – Shemara Wikramanayake is set to take over as CEO of global investment bank Macquarie in November of 2018. Ms. Wikramanayake was born born in the UK and spent time schooling in Sri Lanka.Her father was a Sri Lankan medical doctor. Macquarie is a globally diversified financial group employing more than […]
‘s Premiership
July 26, 2018 (LBO) – Preliminary indications are that Imran Khan’s Pakistan Tehreek-e-Insaf is to emerge with the largest amount of seats in Pakistan’s parliament.It is unlikely that his party will achieve an absolute majority in parliament, thus a coalition government will be necessary to govern.The nuclear powered nation is home to almost 200 million people.Its […]