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IMF confirms Sri Lanka has additional Rs1.3 trillion liabilities
June 09, 2016 (LBO) – Sri Lanka’s government has been informed by the International Monetary Fund (IMF) that they have identified 1.3 trillion rupees (8.9 billion dollars) of additional liabilities as at the end of 2015. Prime Minister told Parliament that the fiscal affairs department of the IMF, with the help of treasury officials, recently […]
Sri Lanka to introduce capital gains tax & remove exchange control: PM
June 09, 2016 (LBO) – Sri Lanka’s government will remove exchange control regulations before the end of this year with improved inflows coming into the country, Prime Minister Ranil Wickremesinghe said. Speaking at the debate of the no-confidence motion against Finance Minister, the Premier said the proposal will be implemented with the 2017 budget proposals. […]
Travel bloggers experience SriLankan Airlines flight simulator
In yet another of its numerous efforts to promote Sri Lanka as a global tourism destination of choice, SriLankan Airlines welcomed participants to the Cinnamon Travel Bloggers Conference Asia & Awards 2016 by giving more than 40 bloggers a thrilling experience on the flight deck of an Airbus A330 Full Flight Simulator at Bandaranaike International […]
PTL Watch: Yields drop after treasury bond auction
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Sri Lanka Ports Authority calls EOIs to develop East Container Terminal
June 09, 2016 (LBO) – The Sri Lanka Ports Authority has invited expressions of interest to develop the East Container Terminal of the Colombo Port on a build operate transfer (BOT) basis. The terminal in its present form has a 440-meter long 18-meter deep quay wall, a 20-ha yard area and connected facilities developed by […]
Cruise passenger volumes double in Asia; Sri Lanka eyes market
June 09, 2016 (LBO) – Asian cruise passenger volume nearly doubled to almost 1.4 million in 2014, from 775,000 in 2012, according to a report by the Cruise Lines International Association. The association says demand for cruising has increased 68 percent over the last 10 years, and Asia had a passenger capacity of 2.2 million […]
Businesses consider co-working long-term solution, says Regus
June 09, 2016 (LBO) – Latest research by flexible workspace provider Regus shows that co-working is now considered a long-term option for businesses, instead of a temporary solution. Sharing an office space used to be seen as little more than a short-term answer for start-ups on a budget or entrepreneurs seeking company. However, of the […]
BOI facilitates Japanese investors at meeting with Japanese chamber of commerce and industry
The Board of Investment of Sri Lanka hosted the annual Japan-Sri Lanka Government Private Sector Joint Forum for existing Japanese Companies based in Sri Lanka and operating projects under the BOI regime. This is the 8th such Forum where the BOI is hosting Japanese enterprises. The Forum is an ongoing process whereby Japanese investors […]
India plans expanded missile export drive, with China on its mind
June 9 (Reuters) – India has stepped up efforts to sell an advanced cruise missile system to Vietnam and has at least 15 more markets in its sights, a push experts say reflects concerns in New Delhi about China’s growing military assertiveness. Selling the supersonic BrahMos missile, made by an Indo-Russian joint venture, would mark […]
Sri Lanka ministers need good vehicles to serve people: Rajitha
June 08, 2016 (LBO) – Sri Lanka’s ministers should be given proper vehicles to serve the public though there may be public resistance to tax-free vehicles, Co-Cabinet Spokesman Rajitha Senaratne said. The government yesterday presented a supplementary estimate of 1.2 billion rupees seeking Parliament approval to purchase 32 vehicles for 30 ministers, state ministers and […]