All Blogs
Primary deficit will widen to 1.9-pct of GDP with new tax cuts & exemptions: IMF Mission
Feb 08, 2020 (LBO) – IMF staff concluding a visit to Sri Lanka said that the country’s primary deficit could widen further to 1.9 percent of GDP in 2020, due to newly implemented tax cuts and exemptions, clearance of domestic arrears, and backloaded capital spending from 2019. The mission reminds that fiscal prudence remains critical […]
Sri Lanka official reserves at USD7.5bn by end January
Feb 07, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.5 billion US dollars (USD7,526mn) by the end of January, down from 7.6 billion US dollars in December, the latest Central Bank data showed. By the end of January, the foreign currency reserves were 6,516.2 million dollars while the reserve position in the IMF […]
MillionSpaces takes centre-stage at SLASSCOM’s Innovation Awards 2019
MillionSpaces, an online marketplace where users discover and book unique spaces and venues for various events, was bestowed with the 1st Runner-Up for the highly-coveted ‘Best Disruptor Award’ at the annual ‘Innovation Awards and Gala 2019’, hosted by SLASSCOM at the Shangri-La Hotel, Colombo recently. The awards recognize and celebrate innovators across a range of […]
Our message is same for Tajikistan, Pakistan or Sri Lanka: US Ambassador Wells
Feb 07, 2020 (LBO) – US Ambassador Alice Wells says that on Belt and Road Initiative or on China–Pakistan Economic Corridor, their message is the same whether they are engaging with Tajikistan, Pakistan, or Sri Lanka. Principal Deputy Assistant Secretary in the Bureau of South and Central Asian Affairs at the State Department, Alice Wells […]
SriLankan strengthens presence in US, Europe via Qatar Airways codeshare
Feb 07, 2020 (LBO) – SriLankan Airlines is strengthening its presence in the US and European markets through the expansion of its existing codeshare agreement with Qatar Airways, with additional connections to serve various cities in these regions. With effect from 08 February 2020, SriLankan will codeshare on Qatar Airways operated flights between Doha and […]
Opinion: Measuring poverty within Sri Lanka’s new reality as upper-middle-income country
Wimal Nanayakkara Sri Lanka achieved ‘Upper Middle Income Country’ (UMIC) status in July 2019, as the country’s Gross National Income (GNI) increased from USD 3,840 per capita in 2018 to USD 4,060 per capita in 2019. World Bank’s (WB) new threshold for UMICs is USD 3,996 – USD 12,375 GNI per capita. Sri Lanka scraped […]
PUCSL asks CEB for explanation regarding recent power outages
Feb 07, 2020 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), the electricity regulator is seeking an investigation report on the recent power outage from Ceylon Electricity Board (CEB), a statement said. Issuing a statement the PUCSL has asked the CEB to submit the said report on or before 12th February 2020. Sri Lanka […]
Outlook 2020 Forum to feature interactive panel discussion
The Chamber Academy will host the Ceylon Chamber’s annual Economic Outlook forum for 2020 on 10 February. The event serves as a good opportunity for the private sector to understand the new policy direction of the government and witness the new Governor of the Central Bank of Sri Lanka, Deshamanya Professor W.D. Lakshman address the […]
Sri Lanka gifts a consignment of Ceylon Black Tea to China
Feb 06, 2020 (LBO) – President Gotabaya Rajapaksa on Thursday gifted a consignment of world-renowned Ceylon Black Tea to the Chinese Ambassador Cheng Xueyuan to be sent to those affected by the Coronavirus. Ambassador Xueyuan on behalf of President Xi Jinping and the Government of the People’s Republic of China has thanked Sri Lanka for […]
Recruitment process for unemployed graduates & diploma holders begins
DOWNLOAD APPLICATION: English | Sinhala | Tamil The Programme to provide jobs for all unemployed graduates and diploma holders has commenced. The objective of this programme is to create a situation in which all young people have the opportunity to contribute to the sustainable development process on a credible and rational basis to create a […]