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Japan’s Odakyu Group partners TAD Group for Rs.4.5Bn investment in Sri Lanka
Feb 21, 2019 (LBO) – Japan’s Odakyu Group, a firm with interests in transport, real estate and retail together with the TAD Group is expecting to investment of 4.5 billion rupees with a number of significant further investment mandates to bolster the Sri Lankan economy over the upcoming years. One of its most significant ventures […]
Sri Lanka to introduce a Master Plan for Northern Province economic development
Feb 20, 2019 (LBO) – Sri Lanka’s government is to launch a framework for economic development in the Northern Province with the co-operation of UN agencies and the bilateral donors including those funding development projects in the North. The Framework will reflect upon the past decade of post-war development and identifies priorities for policy design, […]
Advocata Institute to host Asia Liberty Forum 2019 in Sri Lanka
Over 200 participants, comprising leading academics, policy makers and intellectuals from over 30 countries will come together in Colombo, Sri Lanka for the 2019 Asia Liberty Forum to discuss challenges facing the Asian region and to learn from each other on how to most effectively advance free-market reforms. Asia Liberty forum is an annual event […]
Reducing gender gap boosts Sri Lankan economy, says WB VP for South Asia Region
Feb 20, 2019 (LBO) – The World Bank Vice President for South Asia Region, Hartwig Schafer concluding his three-day visit to Sri Lanka said the banks is commitment to work with public and private sectors to create the space for women to access work and remain at work. Evidence suggests that Sri Lankan women are […]
Sri Lanka Ports Authority partners with Ironman 70.3 triathlon in Colombo
Sri Lanka Ports Authority is pleased to announce its partnership with the Ironman 70.3, one of a series of long-distance triathlon races, going to be held in Colombo on next Sunday (24 February) for the second consecutive year. Around 739 athletes from 58 countries will swim, cycle and run, covering a distance of 113 kilometres […]
Sri Lanka could grow 20-pct in long-run by closing gender gap: WB Vice President
Feb 20, 2019 (LBO) – Sri Lanka specifically could grow its economy by as much as 20 percent in the long-run by closing the gender gap in the workforce, emphasized World Bank Vice President for South Asia Region Hartwig Schafer quoting data from an IMF study.Evidence suggests that Sri Lankan women are excelling in higher […]
Planters’ Association of Ceylon reiterates that Rs. 750 daily wage final
Feb 19, 2019 (LBO) – Planters’ Association of Ceylon reiterates that the new collective agreement between Regional Plantation Companies and estate sector trade unions is already binding. “It does not require any further action from any other stakeholders in order to proceed with the new wage among the RPC sector,” Secretary General of the Planters’ Association, Lalith Obeyesekere said. […]
Prime Minister directs officials for speedier resettlement of Jaffna Muslim IDPs
Feb 18, 2019 (LBO) – Prime Minister Ranil Wickremesinghe has directed authorities in Resettlement Ministry and Divisional Secretariat to make arrangements to speed the resettlement process of displaced Muslim families of Jaffna.This is the first time in three decades that the Jaffna’s displaced Muslims, since their plight of expulsion in 1990, are hearing good news […]
Fitch downgrades SLT & CEB, upgrades Lion Brewery on rating scale revision
Feb 18, 2019 (LBO) – Fitch Ratings has taken rating action on non-financial corporates following the recalibration of its National Rating scale to reflect changes in the relative creditworthiness among the country's issuers following the downgrade of the sovereign rating. Accordingly, the National Long-Term Ratings of Sri Lanka Telecom, Ceylon Electricity Board and DSI Samson Group has been downgraded […]
Fitch revises National Long Term Rating of NSB to AA+(lka) from AAA(lka)
Feb 18, 2019 (LBO) – Fitch Ratings has revised the National Long-Term Rating of National Savings Bank to ‘AA+(lka)’ from ‘AAA(lka)’ with a stable outlook following the recalibration of the Sri Lankan National Rating scale after the sovereign’s Long-Term Foreign-Currency Issuer Default Rating was downgraded. The rating agency, however, said that the rating action is not related […]