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Sri Lanka Foreign Secretary says Post 21/4, a litmus test for protecting HR while fighting terrorism
Sep 02, 2019 (LBO) – Sri Lanka’s Foreign Secretary Ravinatha Aryasinha says that post 21/4 has been a ‘litmus test’ on Sri Lanka’s resolve to adhere to human rights standards, while fighting terrorism, and also to determine the robustness and shortcomings of the democratic institutions that have been strengthened in recent years. The Foreign Secretary […]
Third exhibition of Enterprise Sri Lanka in Jaffna
Sep 02, 2019 (LBO) – The third of a series of Enterprise Sri Lanka exhibitions which aims to promote enterprise culture within the island and taking the government development activities to the doorstep of the people will be held from September 7 to 10 at Jaffna Fort. The goal of this particular exhibition is to […]
‘s credit profile reflects ongoing liquidity &’s
Aug 30, 2019 (LBO) – Moody’s Investors Service says in a new report that the credit profile of Sri Lanka (B2 stable) reflects ongoing government liquidity and external vulnerability risks. Key credit challenges include large borrowing requirements, with a high reliance on external funding, and low foreign exchange reserves coverage of forthcoming economy-wide external debt […]
‘s
Aug 30, 2019 (LBO) – Moody’s Investors Service says in a new report that its negative outlook for Sri Lanka’s banking system is driven by weak operating conditions and deteriorating asset quality, as a slow recovery in the tourism and related sectors are resulting in subdued economic growth. “Tourist arrivals declined sharply following the Easter […]
Sri Lanka prepares to pioneer USD50Mn fully-fledged Ocean University
Aug 30, 2019 (LBO) – Sri Lanka’s state-run job skilling apparatus, the Technical, Vocational Education Training (TVET) sector, is now poised to receive the largest project funding in its history. Once agreements are finalized, a 50 million US dollars worth facility is set to spawn a fully-fledged Ocean University in Sri Lanka. Also nine new […]
Disaster risk resilience: key to protecting vulnerable communities
By Armida Salsiah Alisjahbana The past five years have been the hottest on record in Asia and the Pacific. Unprecedented heatwaves have swept across our region, cascading into slow onset disasters such as drought. Yet heat is only part of the picture. Tropical cyclones have struck new, unprepared parts of our region and devastatingly frequent […]
William Penn announces its launch in Sri Lanka
Penndome Sri Lanka, announces its brand launch in Sri Lanka of the William Penn brand. The brand offers a wide portfolio of products in premium writing instruments & stationery including men’s accessories and corporate gifts. The company boasts of exclusive tie-ups of over 50 world renowned brands such as Sheaffer, Hugo Boss, Moleskine, Caran d’Ache, […]
JKH trades above book value despite dull trading at the CSE
August 28, 2019 (LBO) – Stocks in Sri Lanka are continuing a streak of relatively dull trading with average daily turnover for the last 8 trading days hovering around Rs500mn (US$3mn) at the Colombo Stock Exchange (CSE). Foreign investor participation has been low, with negligible net foreign buying or selling. Foreigners have generally been net […]
Opinion: The Capital Market Cure
By the Prince of Kandy: The Monetary Board in conjunction with the Central Bank is busy creating a policy to create systems whereby there is a better transmission of monetary policy. The situation has become quite dire as the Central Bank seems to have lost control over interest rates. This is most evident in the […]
Sri Lanka Prime Minister to visit Maldives
Aug 27, 2019 (LBO) – Sri Lanka’s Premier Ranil Wickremesinghe will undertake an official visit to the Maldives on 2nd September 2019, on an invitation extended by Ibrahim Mohamed Solih, President of the Republic of Maldives. During the visit, the two leaders will engage in discussions relating to all aspects of the bilateral relationship to […]