Author: lbostgadmin
Sri Lanka aims at 6.5-pct GDP growth from 2020
Dec 09, 2019 (LBO) – Sri Lanka’s economic activity will pick up following a series of tax cuts and the expansion of economic activity will boost Gross Domestic Product growth to reach 6.5 percent from 2020 onwards, a senior official said. “Sri Lanka’s new government headed by President Gotabaya Rajapaksa in the short-term has to […]
Sri Lanka elected Chair of Biological Weapons Convention Meet
Dec 09, 2019 (LBO) – The Meeting of States Parties (MSP) to the Convention on Biological Weapons, which concluded its four-day session in Geneva today unanimously endorsed Sri Lanka as the Chair of the Meeting of States Parties to be held in 2020. Sri Lanka’s Permanent Representative to the UN in Geneva Ambassador A.L.A. Azeez […]
Google’s Womenwill to host International Women’s Day event “SheLeads”
Dec 09, 2019 (LBO) – Womenwill is a Google initiative to create economic opportunity for women everywhere so that they can grow and succeed. Helping women make the most of technology to build skills, get inspired, and connect with each other through training, events, and advocacy, Womenwill aims to drive conversations promoting gender equality to […]
‘s Sigiriya clinches top slot as winter getaway
Dec 09, 2019 (LBO) – The USA Today has ranked Sri Lanka as the top destination, among 20 countries, for winter travel. “Jetsetters looking for something off the beaten tourist path should consider Sri Lanka,” USA Today said. “An overlooked gem, this exotic island in the Indian Ocean seduces everyone who steps foot with […]
UK fails to uphold Brigadier Fernando’s diplomatic immunities: SL Foreign Ministry
Dec 07, 2019 (LBO) – Sri Lanka’s Ministry of Foreign Relations says that the sequence of events – including the failure to uphold Brigadier Priyanka Fernando’s diplomatic immunities and the timing of the delivering of the judgement makes clear that it is a politically motivated action. Foreign Ministry further said that the demonstrators who had […]
Sri Lanka official reserves down to USD7.5bn by end November
Dec 06, 2019 (LBO) – Sri Lanka’s gross official reserves were 7.5 billion US dollars (USD7,520.9mn) by the end of November, down from 7.8 billion US dollars in October, the latest Central Bank data showed. By the end of November, the foreign currency reserves were 6,530.3 million dollars while the reserve position in the IMF […]
Dushni Weerakoon highlights critical role tax policies can play to spur economic growth
Dec 06, 2019 (LBO) – Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon this week highlighted the critical role tax policies can play in spurring economic growth of a country, specially a developing country. Addressing the 23rd Annual Oration on Taxation organized by the Institute of Chartered Accountants […]
HSBC and IUCN announce project for development of greener apparel industry
Dec 06, 2019 (LBO) – HSBC and International Union for Conservation of Nature (IUCN) Sri Lanka Country Office announced the launch of their project to crystalize a cohesive low carbon development transition strategy for the local apparel industry recently. The strategy will be developed in partnership with the Joint Apparel Association Forum of Sri Lanka […]
Sri Lanka bans import of spices, minor export crops for re-export
Dec 06, 2019 (LBO) – Sri Lanka’s Finance Ministry has prohibited the importation of spices and minor export crops for the purpose of re-export or re-export after minor processing. The Finance Ministry said in a statement that this restriction has been imposed as a measure to protect small export crop growers and SMEs. Accordingly, the […]
Central Bank to introduce new law regulating moneylenders
Dec 06, 2019 (LBO) – Sri Lanka’s Central Bank with the Ministry of Finance is currently in the process of drafting a new law for licensing, regulation and supervision of moneylenders and protection of customers. The Central Bank said in a statement that the said law is currently in the drafting process and is expected […]
Hambantota International Port reaches 1 million MT benchmark for 2019
Dec 05, 2019 (LBO) – The Hambantota International Port (HIP) has reached its 1 million MT benchmark for 2019 with volumes coming from RORO, Bulk and Liquid cargo sectors. The Hambantota International Port Group (Pvt) Ltd said in a statement that they had a busy week with 6 RORO ships calling at the port. These […]
CIM launches revised marketing qualifications syllabus for Sri Lankan marketers
Dec 05, 2019 (LBO) – The Chartered Institute of Marketing (CIM), has announced a new revised syllabus, which will support marketers across a wide range of roles from marketing assistant to marketing manager. This follows an extensive review of the qualifications on offer to bolster professional development for modern marketers in Sri Lanka ensuring they […]