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Sri Lanka to have “open sky” policy to boost tourist arrivals : Ravi K
May 25, 2015 (LBO) – Sri Lanka’s new rulers say that the Indian Ocean Island will open skies as a way forward policy to improve tourist arrivals.“We’re going to have an open skies policy that will help tourism and also help grow the business to other countries,” Ravi Karunanayake, Minister of Finance said, at a […]
‘s security council to formulate new national security plan: President
May 25, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed the security council to formulate a new national security plan considering national and regional situation.“It will be prepared with a scientific background and will be based on a technological mechanism and no room will be left for the revival of terrorism in the […]
”’Or, top honor of Cannes Film Festival 2015
May 25, 2015 (LBO) – Jacques Audiard’s immigrant drama “Dheepan” has won the Palme d’Or, the top honor of the Cannes Film Festival, foreign media reported. “Dheepan” is about a trio of Sri Lankans who pretend to be a family in order to flee from Sri Lanka for a housing project in France. The runner-up […]
Sri Lankan businesses should be cautious when entering Asian markets: Business Executive
May 25, 2015 (LBO) – Sri Lankan businesses should navigate and set up a clear focus before entering Asian markets, a local business executive stressed.Chief Executive Officer of Ceylon Biscuits, Imal Fonseka speaking at the LBR LBO CEO forum said Sri Lankan companies need to figure out ways to reach out to the Asian consumer.“We […]
‘s accusations ; Ready for TV debate
May 24, 2015 (LBO) – Sri Lanka’s former Central Bank Governor Ajith Nivard Cabraal said that the recent accusations aganist him were made to shift the country’s attention away from the current Treasury bond scam which took place under “Yahapalanaya” rule and challenged a television debate. “My attention is drawn to several recent accusations and […]
Sri Lanka lacks officers to investigate large scale corruptions: PM
May 23, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe Friday said that the country lacks officers to investigate large-scale corruption, fraud and irregularities and the professionals who have the knowledge are not keen to do so.“As the new government, we are in the process of exposing large-scale corruption, fraud and irregularities which have […]
63rd LBR LBO CEO Forum – “Reimagining Debt Capital Market to Unlock Opportunities & Sustain Growth” – 4th June 2015
Topic: Re-imagining Debt Capital Market to Unlock Opportunities & Sustain Growth in Sri Lanka Date/Time: Thursday 4th June 2015 | 1800 – 2100 Hrs Keynote Speakers: Ajith Fernando | Managing Director, CEO | Capital Alliance Kartik N | Director Debt Capital Markets, Asia Pacific | HSBC Moderator: Maninda Wickramasinghe | Country Head Managing Director / CEO […]
Sri Lanka FM meets German Foreign Minister; extends invitation to visit Sri Lanka
May 23, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera on Friday met German Foreign Minister Dr. Frank Walter Steinmeier at the German foreign office in Berlin and extended an invitation to visit Sri Lanka, the Foreign Ministry said. “Our immediate priority is to reset the investment climate by making Sri Lanka a secure, efficient […]
Cabinet approves consultancy contract for Southern Road Connectivity Project
May 22, 2015 (LBO) – Sri Lanka’s cabinet has approved a contract to supply consultancy services for the Southern Road Connectivity Project as recommended by the cabinet appointed consultants procurement committee, the government said.33 kilometers of national highways that provide access to the southern expressway will be developed under this loan assistance.The Asian Development Bank […]
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May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC’s outlook to negative from stable due to continued deterioration in bank’s capitalisation amid aggressive loan growth.The full statement reproduced below Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC’s (PABC) Outlook to Negative […]