Author: lbostgadmin
BASL condemns recent references made to role of Judges & prosecutors
Dec 12, 2019 (LBO) – The Bar Association of Sri Lanka condemns recent statements made with reference to concluded cases, pending litigation, role of Judges, role of prosecutors and the right of representation relating to litigants who are parties to court. It is a basic tenet in our criminal justice system that every suspect or […]
Sri Lanka to benefit from US “Clean Cities, Blue Oceans” global initiative
Dec 12, 2019 (LBO) – The United States Agency for International Development (USAID), On December 5, launched its “Clean Cities, Blue Ocean” (CCBO) program in Sri Lanka and the Maldives, the most recent countries to join this flagship initiative to mitigate ocean plastic. CCBO is a 48 million dollar, a five-year global initiative that helps […]
The new oil of the 21st century: Sri Lanka’s need for data scientists
Malitha Goonaratne In 2012, the Harvard Business Review named being a ‘data scientist’ the “The Sexiest Job of the 21st Century”. If that is not appealing enough, it is estimated that by 2020, there will be 40 trillion gigabytes (40 zettabytes) of data created. In comparison, in 2018 there were 18 trillion gigabytes (18 zettabytes) […]
‘t tell you about Sri Lanka
By Lanka Property Web What is Sri Lanka? Ceylon, Serendib, Taprobane, Pearl of the Indian Ocean and The Teardrop of India. It is a member of the South Asian Association for Regional Corporation (SAARC). A country that gained victory from a 30 year-long civil war and now, is the proud owner of Nelum Kuluna; The […]
New Japan Foreign Minister Toshimitsu Motegi to visit Sri Lanka
Dec 12, 2019 (LBO) – Newly appointed Japanese Foreign Minister Toshimitsu Motegi is to arrive Sri Lanka today for a three-day official visit to discuss the Free and Open Indo-Pacific (FOIP) policy with the new Sri Lankan leadership. Sri Lanka’s Ministry of Foreign Relations said the visiting Minister will meet with his Sri Lankan counterpart […]
Sri Lanka should list SoE and increase transparency
Dec 11, 2019 (LBO) – A top emerging markets investor said the Government should look at listing state enterprises to attract capital. He said that it will expose their balance sheets and open them for scrutiny. “Sri Lanka Insurance, state banks, rail and airport would be a good start.” Dr. Mark Mobius, speaking at a […]
Mark Mobius says Sri Lanka has foreign investors appeal for tourism, fin-tech and real estate
Dec 11, 2019 (LBO) – Emerging markets investor, Dr. Mark Mobius highlighting Sri Lanka’s strengths said he sees immense growth potential in the island as the economy has with regards to foreign investor appeal. Admitting that while Sri Lanka’s agri-based economy has always held global interest -especially with tea as its strongest brand and commodity- […]
Fiscal stimulus will boost demand in short-run but create instability in long-run: ICRA
Dec 11, 2019 (LBO) – The Government of Sri Lanka (GoSL) reduced variety of taxes substantially in an attempt to revive the economy, which could possibly cost over LKR 500 Bn according to government’s own estimates. Whilst acknowledging the potential boost to the aggregate demand and corporate profitability from the fiscal stimulus in the short-run, […]
Sri Lanka in the high human development category, says UNDP’s latest report
Sri Lanka’s Human Development Index value for 2018 is 0.780— which puts the country in the high human development category—positioning it at 71 out of 189 countries and territories, according to the 2019 Human Development Report released by the United Nations Development Programme. Launched on 10 December 2019 at an event held at the United […]
Chinese delegation to Sri Lanka inks SME pacts, clinches many B2Bs
Dec 10, 2019 (LBO) – Facilitated by Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI), the high powered Chinese team moved on 9 December for closer B2B and technological ties with leading Sri Lankan industrialists and SMEs by inking two landmark Cooperation Agreements with COSMI. “Our Mianyan is an important pivot city on […]
Sri Lanka ranks 71 out of 189 countries in Human Development Index
Dec 10, 2019 (LBO) – Sri Lanka’s Human Development Index value for 2018 is 0.780— which puts the country in the high human development category—positioning it at 71 out of 189 countries and territories, according to the latest Human Development report. Further to the global launch, the first official copy of the report titled, ‘Beyond […]
Sri Lanka tax cuts to shave off Rs560bn govt. revenue in 2020: Asia Securities
Dec 10, 2019 (LBO) – Sri Lanka’s recently announced tax cuts will likely shave off 560 billion rupees from government income in 2020, launching its equity outlook report for next year, Asia Securities Research said. Even though a pick up in consumer activity and higher collections compared to 2019 will lead to a partial clawback, […]