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Sri Lanka to be represented in World Business Angels Investment Forum
Dec 16, 2019 (LBO) – Talal Rafi, a Sri Lankan entrepreneur and consultant will be Sri Lanka’s representative to the World Business Angels Investment Forum (WBAF) and will be representing Sri Lanka at the WBAF World Congress in Istanbul, Turkey in February 2020 as well as in the Global Startup Committee. “The participation of Talal […]
National policy framework of Government released via Treasury web site
Dec 16, 2019 (LBO) – The Government’s new National policy framework Vistas of Prosperity and Splendour has been released to the internet via Treasury website www.treasury.gov.lk. This is aimed at achieving the fourfold outcome of being a productive citizen, a contented family, a virtuous, disciplined and just society and a prosperous nation. Accordingly, it is […]
Japanese Foreign Minister reaffirms support to broaden cooperation with Sri Lanka
Dec 14, 2019 (LBO) – Japanese Foreign Minister Toshimitsu Motegi called on Foreign Minister Dinesh Gunawardena yesterday at the Foreign Ministry in Colombo. Recalling vivid milestones of mutually rewarding relations, the two countries share, the Japanese Minister assured the support of the Government of Japan to strengthen and diversify cooperation between the two countries towards […]
Tourism veteran Upali Ratnayake steps down as DG of SLTDA
Dec 12, 2019 Tourism industry veteran Upali Ratnayake has stepped down as the Director-General of the Sri Lanka Tourism Development Authority (SLTDA), the apex body of the Tourism Sector in Sri Lanka. Having joined as a Management Trainee in 1995, Ratnayake rose to the organization’s top tier of decision making over the years as the […]
Sri Lanka to review process adopted to revise original scope of Colombo Financial City
Dec 12, 2019 (LBO) – Sri Lanka’s cabinet nod has been received to appoint an expert committee to look into the process adopted by the previous government to revise the original scope of the Colombo Financial City. With the help of external consultants and the Legal Draftsman, a Bill has already been drafted to establish […]
Treasury approves bonus payments for employees of statutory bodies
Dec 12, 2019 (LBO) – Sri Lanka’s Treasury has approved the payment of bonuses for 2019 for the employees of state-owned statutory bodies and fully state-owned companies. The Treasury has issued a circular in this regard to all Secretaries to Ministries, Heads of fully state-owned companies and state-owned statutory bodies. The circular No: 03/2018 of […]
New pathway – Dual Membership for CA Sri Lanka students
Dec 12, 2019 (LBO) – A landmark agreement is scheduled to be signed to provide a new pathway to students of CA Sri Lanka on 16 December together with the Institute of Chartered Accountants in England and Wales (ICAEW). The agreement allows CA Students to obtain the membership of the most prestigious professional accountants organisation […]
BASL condemns recent references made to role of Judges & prosecutors
Dec 12, 2019 (LBO) – The Bar Association of Sri Lanka condemns recent statements made with reference to concluded cases, pending litigation, role of Judges, role of prosecutors and the right of representation relating to litigants who are parties to court. It is a basic tenet in our criminal justice system that every suspect or […]
Sri Lanka to benefit from US “Clean Cities, Blue Oceans” global initiative
Dec 12, 2019 (LBO) – The United States Agency for International Development (USAID), On December 5, launched its “Clean Cities, Blue Ocean” (CCBO) program in Sri Lanka and the Maldives, the most recent countries to join this flagship initiative to mitigate ocean plastic. CCBO is a 48 million dollar, a five-year global initiative that helps […]
The new oil of the 21st century: Sri Lanka’s need for data scientists
Malitha Goonaratne In 2012, the Harvard Business Review named being a ‘data scientist’ the “The Sexiest Job of the 21st Century”. If that is not appealing enough, it is estimated that by 2020, there will be 40 trillion gigabytes (40 zettabytes) of data created. In comparison, in 2018 there were 18 trillion gigabytes (18 zettabytes) […]