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“India will always be a dependable partner and reliable friend to Sri Lanka” says EAM Dr. S. Jaishankar
Visiting Minister of External Affairs of India Dr. S.Jaishankar held bilateral talks with Foreign Minister Dinesh Gunawardena yesterday and discussed multiple areas of bilateral cooperation was taken up, including economic, financial, trade and investment cooperation, cultural exchanges, defence and security, development cooperation as well as Covid 19 pandemic response. Both sides agreed to continue the […]
VIDEO: Joe Biden certified as next President of United States amid pro-Trump protests
Joe Biden certified as next President of the United States and Kamala Harris certified as next Vice President of the United States. Angry supporters of President Donald Trump stormed the US Capitol building, marching through the building, shouting and waving Trump flags. Some lawmakers were evacuated while others were told to shelter in place.Four people […]
CA Sri Lanka’s annual report awards to comeback this year
The prestigious Annual Report Awards Competition organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), is set to make a grand comeback this year with a series of relaxations which will immensely benefit the participating companies amidst the COVID-19 global pandemic. The Annual Report Awards Competition which stakes claim to an […]
Asia Securities forecasts strong growth trajectory for equities in 2021
Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, with the ASPI expected to reach 7,400-7,600 in 2021. The Sri Lankan stock market marked a V-shaped recovery in 2020, seeing one of its strongest rallies to recover all losses suffered […]
India ready to give its COVID vaccine to Sri Lanka – External Affairs Minister tells President
India is ready to give priority to Sri Lanka when supplying to other countries the vaccine now being produced by India to treat COVID 19 virus, the External Affairs Minister of India Dr. S. Jaishankar told President Gotabaya Rajapaksa. Arrived yesterday in the country for a two-day visit, the Indian Minister called on President Rajapaksa […]
Global economy to expand by 4-pct in 2021: World Bank
Jan 06, 2021 (LBO) – The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. A recovery, however, will likely be subdued, unless policy makers move decisively to tame the pandemic and implement investment-enhancing reforms, the World Bank says in its January 2021 Global […]
Tribute: Ladies College girl Viola Welikala (1920-2021)
January 5, 2021 (LBO) – 100 years is a time period of significance. In the last century people have seen world war, slavery, colonialism, apartheid, nuclear bombs invented and used, the emergence of technology, mobile phones, the internet, and most recently a global pandemic that shuttered the world and will soon have claimed the lives […]
‘s Human Development Index ranked 72 out of 189 countries; highest in South Asia
Jan 05, 2021 (LBO) – Sri Lanka is in the high human development category, positioned 72 out of 189 countries, and is the highest in the South Asian region, handing over the Global Human Development Report 2020 to Prime Minister, UNDP Resident Representative Robert Juhkam said. The Human Development Report (HDR), is the annual flagship […]
Restrictions on outward remittances on capital transactions extended by 6 months
Jan 05, 2021 (LBO) – The Central Bank says that the restrictions imposed on outward remittances on capital transactions have been extended by a further six months to preserve the foreign currency reserve position of Sri Lanka. Accordingly following restrictions on outward remittances on capital transactions will be effective till 1 July 2021. Suspension of […]
Utilizing recyclable PET plastic waste: Towards a circular economy
By Dr. Anush Amarasinghe “Reduce, reuse, and recycle”- a household phrase you’ve probably heard over and over again either through school, from awareness campaigns or even on TV. This commonly used phrase is one expected to enthusiastically and optimistically drive the mind-sets of those listening, to essentially do the right thing and help efforts to […]