All Blogs
PA sounds alarm on growing discrepancy between tea auction & export prices
Oct 21, 2019 (LBO) – The Planters’ Association of Ceylon sounded a cautionary note with regard to the health and sustainability of the entire tea industry – including Regional Plantation Companies (RPC), and Government and smallholder sectors at large – as tea and rubber prices at the Colombo auction continuously plummeted in 2019. Releasing a […]
Financial Action Task Force delists Sri Lanka from Grey List
Oct 21, 2019 (LBO) – The Financial Action Task Force (FATF), the global policy setter on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), has delisted Sri Lanka from FATF’s Compliance Document which is more commonly identified as “the Grey List”. The decision was taken at the FATF Plenary held during 13-18 October 2019 […]
Will Jaffna International Airport help the Northern economy take-off at last?
By Jekhan Aruliah The opening, strictly speaking the re-opening, of Jaffna International Airport (IATA airport code JAF) in October 2019 was one of the more startling events in the North since the end of the Sri Lankan Civil War in 2009. In the North we held our breaths as the promise, unfulfilled for years, approached […]
Farm Smart: Developing Sri Lanka’s agriculture sector in the 4IR
Manoj Thibbotuwawa and Nimesha Dissanayaka Rapid population growth has put tremendous pressure on the world’s agricultural systems to provide safe and nutritious food to all. Unfortunately, productivity growth has been hampered by land and water resources degradation and climate change. The economic and social costs of such disruptive drivers imply that the food systems need […]
‘s real estate market; A direct reflection of the economy
Oct 21, 2019 (LBO) – Real estate is one of the Sri Lanka’s major revenue-generating sources. The country’s post-war impressive growth has led this sector to have an increased demand for residential property from the high and middle-income sectors. The size and scale of the real estate market have always been an attractive and lucrative […]
Real-time online payment facility for BOI customers
Oct 21, 2019 (LBO) – The Board of Investment of Sri Lanka has taken another significant step forward where customers have the convenience of making their payments online directly to BOI, a statement said. This initiative is facilitated via LankaPay Online Payment Platform, a real-time and online payment platform of LankaClear. Such an initiative on […]
ICRA Lanka revises outlook on issuer rating of BoC to negative
Oct 21, 2019 (LBO) – ICRA Lanka Limited, subsidiary of ICRA limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of Bank of Ceylon at [SL]AAA. The outlook on the rating is revised to negative from stable. Rationale The revision in outlook factors in BOC’s moderate capitalisation levels with steady decline […]
Sri Lanka urges UN Secretariat to fulfill financial obligations to peacekeepers
Oct 21, 2019 (LBO) – Sri Lanka urges the United Nations Secretariat to fulfill its financial obligations with regards to the peacekeepers identified to be replaced, at the point of repatriation and adds that it was important for the UN Secretariat to ensure a predictive system of payment on all dues concerning peacekeeping operations. Sri […]
Global Entrepreneurship Network to formally launch in Sri Lanka
The Global Entrepreneurship Network (GEN) is to formally launch in Sri Lanka with a core group of eminent personalities that are in the forefront of entrepreneurship development and ecosystem building as its Board of Directors. GEN, works to celebrate, understand, support and connect entrepreneurship around the world by creating deeper collaboration between entrepreneurs, investors, researchers, […]
Sri Lanka FIU to obtain direct access to INTERPOL information system
Oct 18, 2019 (LBO) – Sri Lanka’s Financial Intelligence Unit (FIU) entered into an agreement with INTERPOL National Central Bureau for Sri Lanka (NCB Colombo) recently to obtain direct access to the INTERPOL Information System. Money laundering and terrorist financing are internationally connected financial crimes that could threaten the stability of domestic as well as […]