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Nepal: What can be done? What lessons can be learned?
Many people I care for live in Nepal. Less than a month ago I was teaching in Nagarkot, in the hills about an hour out of Kathmandu. I recognize some of the buildings with cracks that come on the TV screen. I receive the tweets that say #prayforNepal. I wonder, who does one pray to? […]
Sri Lanka stocks close up 0.08-pct
Apr 30, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.08 percent with the banking sector stocks trading actively, brokers said. The Colombo benchmark All Share Price Index closed 5.63 points higher at 7,179.00 up 0.08 per cent. The S&P SL20 closed 5.01 points higher at 4,053.45 up 0.12 per cent. “The day’s trading […]
‘s inflation stable at 0.1-pct in April
Apr 30, 2015 (LBO) – Sri Lanka’s consumer prices rose 0.1 percent in April 2015 from a year earlier, against the 0.1 percent recorded in March, the central bank said.The Colombo Consumer Price Index accelerated 0.2 percent in the month, after recording a 0.4 percent negative acceleration in March. The Index gained 0.4 points in […]
Sri Lanka to pursue CEPA only if advantageous to us: Minister
Apr 30, 2015 (LBO) – Sri Lanka will go ahead and sign the Comprehensive Economic Partnership Agreement (CEPA) with India only if it is deemed beneficial to us, Harsha de Silva, Deputy Minister of policy planning and economic development said.“We have to be convinced that this agreement is beneficial to Sri Lanka.I don’t represent the […]
Sri Lanka’s BOI sign MOU with UK publishing firm
Apr 30, 2015 (LBO) – Sri Lanka’s Board of Investment signed a memorandum of understanding with Oxford Business Group (OBG), a publishing firm in United Kingdom yesterday to publish a report on investment opportunities and current drivers of economic growth in the Island. “Over past few months OBG was receiving invites from our core clientele […]
‘s new rulers confident of regaining GSP Plus next year: Harsha de Silva
Apr 30, 2015 (LBO) – Sri Lanka’s new administration is confident about retrieving the GSP plus trade concessions by mid or late next year, Harsha de Silva, Deputy Minister of policy planning and economic development said. “We are trying to get GSP plus back and I am very happy to report to you that we […]
Sri Lanka’s business chamber welcomes Constitutional amendments but cautious about committee stage amendments
Apr 30, 2015 (LBO) – Sri Lanka Ceylon Chamber of Commerce welcomes the enactment of the 19thAmendment to the Constitution, to improve democratic ideals but cautions that the committee stage amendments to increase the number of Parliamentarians in the composition of the Constitutional Council has the potential to compromise its independence. In a statement Ceylon […]
‘s Parliament has no legitimacy: Must dissolve immediately – Eran
Apr 30, 2015 (LBO) – Sri Lanka’s Parliament has no legitimacy and must be dissolved immediately, Deputy Minister of highways, higher education and investments promotions, Eran Wickramaratne said in a statement. The full statement reproduced below Factions of the UPFA today went against the wishes of the people by diluting one of the most important […]
Sri Lanka’s Central Bank to get US$400mn currency swap today
Apr 30, 2015 (LBO) – Sri Lanka’s Central bank said, that a 400 million US dollar currency swap by the Reserve Bank of India will be available to the Island today.Accordingly, a currency swap agreement between the two Central Banks was signed on 25th March, this year whereby 400 million US dollars was made available […]
Sri Lanka economy grows 7.4-pct in 2014; fiscal deficit increases: CB Annual Report
Apr 29, 2015 (LBO) – Sri Lanka’s economy has grown 7.4 percent in 2014 despite overall fiscal deficit has increased to 6 percent last year, releasing the 2014 annual report, the Central Bank said. “The government aimed to reduce the fiscal deficit to 5.2 per cent of GDP in 2014 from 5.9 per cent of […]