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China wants JV projects in Sri Lanka with Indian companies
June 06, 2016 (LBO) – China wants its projects in Sri Lanka to be joint ventures either with local companies or international companies, including Indian companies, the Chinese Ambassador in the island, Yi Xianliang, said.According to a New Indian Express report, the ambassador said the perception that Chinese projects are primarily meant to bolster China’s […]
Sri Lanka Central Bank clarifies reports on expenses incurred by Governor
June 06, 2016 (LBO) – Sri Lanka’s Central Bank has clarified media reports about expenses incurred by the Governor. “It has been reported in the media that allegations had been made by members of the Parliamentary opposition that the Governor of the Central Bank has misused public funds.” “The CBSL wishes to state that neither […]
SriLankan Airlines enters codeshare deal with Qatar Airways
June 06, 2016 (LBO) – Members of oneworld alliance Qatar Airways and SriLankan Airlines have strengthened their cooperation with a new bilateral codeshare relationship which will offer customers additional convenience and flexibility. Qatar Airways said in a statement that both airlines will codeshare on each other’s operations between their hubs – Qatar Airways’ thrice daily […]
France Foreign Minister reaffirms support for Sri Lanka’s GSP +
Foreign Minister Mangala Samaraweera, on a three day official visit to Paris, from 1st to 3rd June 2016, reiterated his commitment to elevate the bilateral partnership with France to a higher level in all spheres of co-operation strengthening the existing bonds of friendship between the two countries. At bilateral discussions with Jean – Marc Ayrault, […]
Sri Lankan rupee up as IMF approves USD1.5 bln loan
June 6 (Reuters) – Sri Lankan currency gained on Monday as investor sentiment got a boost after the International Monetary Fund approved a three-year, $1.5 billion loan over the weekend, in a move that is expected help support the country’s reform agenda. The IMF executive board has approved the loan, the global lender said on […]
Sri Lanka’s JVP to vote for no-confidence against Finance Minister
June 06, 2016 (LBO) – Sri Lanka’s Marxist Janatha Vimukthi Peramuna (JVP) today said the party will vote in favor of the upcoming no-confidence motion against Finance Minister Ravi Karunanayake. The no-confidence motion handed over in March by the Joint Opposition will be taken up for debate on Wednesday and the vote will be taken […]
PTL Watch: Yields dip on mid-tenor bonds
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SriLankan Airlines joins global crackdown on illegal wildlife trade
SriLankan Airlines on Thursday 2nd June joined a landmark worldwide drive to crack down on the illegal global trade in wildlife that has brought many of the world’s rare species close to extinction. SriLankan was among several international airlines which pledged their full support for the ʻUnited for Wildlifeʼ initiative, at the annual general meeting […]