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Sri Lanka lacks skilled labor force to support socio- economic demands: Deputy Minister
Mar 25, 2015(LBO) – Sri Lanka needs to create a skilled labour force who will be able to compete with international markets in the phase of implementing new regime’s social market economy, Deputy Minister of Finance and Planning Harsha De Silva said.“We need a radical change in grade one admission in school and go beyond […]
‘s new regime’s political model to bring political stability without authoritarianism: Harsha De Silva
Mar 25, 2015 (LBO) – Sri Lanka’s new government is trying to create political stability without been authoritarian, a political model that Singapore followed, Deputy Minister of Policy Planning and Economic Affairs Harsha De Silva said. “If you look at Singapore, what you find is a government that was strong. But some people use that […]
Sri Lanka Treasuries bill rates fall
Mar 25, 2015 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 3-month yield falling 19 basis points to 6.60 percent, data showed. The 6-month yield fell 17 basis points to 6.70 percent and the 12-month yield fell 19 basis points to 6.80 percent, data from the state debt office […]
‘s finance minister threatens Gotabaya
Mar 24, 2015 (LBO) – Sri Lanka’s finance minister, Ravi Karunanayake has threatened to send a letter of demand to former defense secretary Gotabaya Rajapaksa for what he calls ‘false charges’ being leveled against him.In a media release issued on Tuesday by minister Karunanayake, he says he will send a letter of demand to Rajapaksa […]
Sri Lanka’s BOP records deficit of US $ 695.5mn: Central Bank
Mar 24, 2015 (LBO) – Sri Lanka’s Central Bank said the Island reported a Balance of Payment or BOP deficit of 695.5 million US dollars in 2014 compared to a surplus of 732.9 million US dollars, a year earlier. Worker’s remittances declined 5.8 per cent to 523.5 million US dollars in January 2015 from a […]
Sri Lanka’s exports increase 0.6-Pct in Jan 2015: Central Bank
Mar 24, 2015 (LBO) – Sri Lanka’s export earnings rose 0.6 per cent to 910 million US dollars in January 2015 form a year earlier led by industrial exports, the Central bank said.Earnings from industrial exports increased by 0.9 per cent due to an increase in export of petroleum products, machinery and mechanical appliances and […]
Sri Lanka to produce indigenous natural gas and stop importing fossil fuel: Official
Mar 24, 2015 (LBO) – Sri Lanka’s new government targets 100 percent clean indigenous energy to develop the island as a green country while importing fossil fuel, an official from the Ministry of Power and Energy said. “We want to develop the country but it has to be more green and environment friendly development,” Suren […]
‘s Central Bank says acting arrangement for governor is legal
Mar 24, 2015 (LBO) – Sri Lanka’s Central Bank has rejected the claims made by former deputy governor W.A. Wijewardena over the legality of decisions made in the bank without the governor’s approval.The full text of the statement issued by the Central Bank is reproduced below.Acting arrangement for the Governor of the Central Bank during […]
Sri Lanka’s new Inland Revenue chief to strengthen staff capacity with more training
Mar 24, 2014 (LBO) – Sri Lanka’s Inland Revenue department says they intend to strengthen the capacity of the department’s staff by educating and providing further training for them.“I want to ensure that the employees of the whole department are strengthened and made more capable through education, training and further qualifications. This will allow them […]
‘s JVP threatens to quit National Executive Council
Mar 24, 2015 (LBO) – Sri Lanka’s Marxist Janathā Vimukthi Peramuṇa on Tuesday demanded the government to call a National Executive Council meeting immediately to solve urgent issues. Releasing a statement the JVP said that they will decide whether to quit the council or not after discussing the matter with civil society organizations who contributed […]