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EU offers EUR 8.5mn for Sri Lanka to focus on counter-narratives, online radicalisation
July 15, 2019 (LBO) – The European Union (EU) and Sri Lanka held on Monday an informal counterterrorism dialogue, chaired on the EU side by EU Counterterrorism Coordinator Gilles De Kerchove, accompanied by EEAS Head of Division for Counterterrorism John Gatt-Rutter, and on the Sri Lankan side by Acting Secretary of Foreign Affairs, Ahmed A. […]
JICA supports “Build-Back-Better” tourism sector in Sri Lanka
July 15, 2019 (LBO) – The Japan International Cooperation Agency (JICA), in cooperation with the Tourism Ministry, successfully completed a joint seminar for the “Recovery of Tourism Sector in Sri Lanka after the Easter Bombings 2019” targeting officials and professionals in the tourism sector. The presenter Masato Takamatsu, the Managing Director & Chief Research Officer […]
England wins 2019 Cricket World Cup
Jul 15, 2019 (LBO) – England pulled off the greatest World Cup final win over New Zealand to secure cup after a nail-biting tie-break finish, Sunday at Lords. Both teams ended up equals, not once, but twice.First, in the regular game, then in the Super Over. Eoin Morgan’s side finished on 241 all out in […]
‘s “Enterprise SL” exhibition goes to A’pura in July
Jul 15, 2019 (LBO) – The Finance Ministry’S “Enterprise Sri Lanka” exhibition will be held in Anuradhapura from July 24-27. This exhibition will be a platform for intended entrepreneurs to obtain the knowhow and share knowledge on the enterprise development. Arrangements have been made through the State and private banks and other relevant agencies to […]
”; outlook stable
July 12, 2019 (LBO) – Fitch Ratings Lanka has downgraded Bimputh Finance PLC’s National Long-Term Rating to ‘BB-(lka)’ from ‘BB(lka). The Outlook is Stable. The downgrade stems from a sharp deterioration in Bimputh’s capital position, which they believe is no longer commensurate with its high-risk appetite. This is due to the significant decline in asset […]
US Ambassador meets Plantation Industries Minister Navin Dissanayake
US Ambassador to Sri Lanka Alaina B. Teplitz met Minister of Plantation Industries Navin Dissanayake and State Minister of Plantation Industries Wadiwel Suresh, today at the Ministry premises in Sethsiripaya, Battaramulla. During the meeting, the status of Sri Lankan Tea in the US, its potential in the US market and the export situation of the […]
Sri Lanka’s possible fiscal slippage, main argument for not relaxing policy: CBSL Chief
July 12, 2019 (LBO) – Sri Lanka’s possible fiscal slippage is the main argument against relaxing monetary policy, the Central Bank Governor Indrajit Coomaraswamy said. Speaking to journalists in Colombo after the monthly monetary policy announcement, he said the government’s revenue has come down with increased expenditure, opening doors for a possible fiscal slippage. Monetary […]
Sri Lanka government survives no confidence vote
July 11, 2019 (LBO) – Sri Lanka’s government on Thursday survived a no-confidence vote in parliament after a majority of legislators voted to support the government. Accordingly, 92 members voted in favour of the motion and 119 voted against. Joint Opposition and SLFP voted for, UNF and TNA voted against. The Parliament on Wednesday began […]
Sri Lanka reserves improve to USD 8.9bn by end June; YTD rupee appreciation 4.1-pct
July 11, 2019 (LBO) – Sri Lanka’s gross official reserves have reached 8.9 billion US dollars by end June 2019, following the receipt of 2 billion US dollars from the issuance of ISBs, providing an import cover of 5.1 months, the Central Bank said. The successful issuance of the International Sovereign Bonds (ISBs) in June […]
Sri Lanka Central Bank maintains policy interest rates at current levels
July 11, 2019 (LBO) – Monetary Board of Sri Lanka’s Central Bank at its monetary policy meeting has decided to maintain policy interest rates at their current levels. “Considering the current and expected macroeconomic conditions, the Monetary Board was of the view that there is ample space for market lending rates to adjust downwards in […]