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Opinion: Sri Lanka Dept Of Immigration And Emigration Is A National Disgrace
By Lancelot Being a Sri Lankan who has lived abroad, I have made several dozen trips to the Department of Immigration and Emigration over the past decade. I have been to the department for Passports, Visas, Dual Citizenship, and to help a friend navigate the process once or twice. A few days ago, I did […]
Sri Lanka needs more loans to face transitional period: PM
July 22, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said the government needs some more loans from countries like China, Japan and India to keep macro economic stability in the country. In an interview with Channel NewsAsia, Prime Minister said the recent 1.5 billion US dollar IMF loan is a major measure taken […]
Navy ship USS New Orleans to visit Sri Lanka this week
The USS New Orleans (LPD 18) with embarked 13th Marine Expeditionary Unit (MEU) will arrive in Sri Lanka for a port visit on July 24. The ship and embarked MEU are in Sri Lanka to increase bilateral ties with the Sri Lankan Navy and provide U.S. support and training for humanitarian assistance and disaster relief. […]
Access Engineering net up 5.1 pct, IPO for SML Frontier planned
July 22, 2016 (LBO) – Sri Lanka’s Access Engineering said group net profits grew 5.1 percent to 2.46 billion rupees in the year to March 2016, with the civil engineering firm facing a slow down in the global and local economy. The company showed a better performance with a 19.1 percent growth in net profits […]
New World Bank Country Director to visit Sri Lanka this week
Idah Pswarayi-Riddihough, the new World Bank Country Director* for Sri Lanka and Maldives is visiting Colombo this week to meet with the Sri Lankan Government, and other development partners, to discuss the status of the World Bank Group operations and how the Bank can continue to support the country’s development priorities in the most impactful […]
Sri Lanka introduces welfare register to reduce ‘ghost’ beneficiaries
July 22, 2016 (LBO) – Sri Lanka’s project management and monitoring department with ICTA has prepared a single window for an integrated social welfare register, based on the recipient’s unique NIC number. National Policies and Economic Affairs Ministry said 80 percent of data has currently been uploaded to the system and further refining is in […]
Sri Lankan rupee gains on dollar selling by state bank; stocks up
July 22, 2016 (Reuters) – The Sri Lankan rupee rose on Friday as dollar selling by a state-run bank surpassed mild importer demand for the greenback. One-week rupee forwards, which have been acting as a proxy for the spot rupee, were at 145.80/146.00 per dollar at 0544 GMT, compared with Thursday’s close of 146.30/40. “I […]
PTL Watch: Yields tick higher, some foreign buying
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‘s Prime Minister
Prime Minister Ranil Wickremesinghe met Malaysian Deputy Prime Minister Seri Ahmad Shahid Hamid at Temple Trees today.
Sri Lanka’s Ceylon Cold Stores net up 56-pct in June quarter
July 22, 2016 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores, which has interests in consumer goods and retailing, surged 56 percent to 855 million rupees in the June 2016 quarter from a year earlier as revenues rose 30 percent. Ceylon Cold Stores is a top producer of carbonated drinks, ice cream and has […]