Author: lbostgadmin
Sri Lanka to cancel the licenses of all duty free shops at BIA
Jan 21, 2015 (LBO) – Sri Lanka’s Minister of Aviation Faizer Mustapha has ordered to cancel the licenses of all duty free shops at the Bandaranaike International Airport (BIA) and Mattala airport, a media report said. The minister has asked the authorities to call for open tenders for duty free shop for both airports. There […]
Sri Lanka exporters urges removal of barriers to boost export
Jan 20, 2015 (LBO) – Sri Lanka’s Exporters’ Association said that it expects that the new government will take steps to eliminate some of the barriers and deficiencies the sector faces towards boosting exports. Releasing a statement, the apex body of exporters said that the association has continuously lobbied on several platforms and to relevant […]
Sri Lanka to create an even playing field for investments: Legislator
Jan 19, 2015 (LBO) – Sri Lanka would create an even playing field in order to attract investors and new projects, Deputy Minister of Investment Promotions Eran Wickramaratne told the LBO. The reason is because Sri Lanka pays a lot of money for these projects and we did not even know how much we are […]
Sri Lanka to expand economic freedom for more investments: Eran
Jan 19, 2015 (LBO) – Sri Lanka would attract more investors by expanding economic freedom and investment environment, Deputy Minister of Investments Promotions, Eran Wickramaratne said. You all know that whether it is a country or business, investment is more important, he said. The first challenge we face is to increase the volume of investments […]
Sri Lanka looks at good relations with China and India
Jan 19, 2015 (LBO) – Sri Lanka is looking at developing good relations with India as well as China, the biggest emerging economies in Asia, the Minister of Investment promotion said. “The reality is that we have to work in the Asian region and India and China are two of our key players. So we […]
Sri Lanka lifts travel ban on Foreigners
Jan 17, 2015 (LBO) – Sri Lanka’s government lifted a ban on foreign nationals and foreign organizations visiting to the island’s former war zones with immediate effect, a media report said. The Council has also decided to lift restrictions on transporting unspecified goods, the report said. However no decision has been taken to reduce the […]
’s new Minister of Highways and Investment Promotion assumed duties
Jan 16, 2015 (LBO) – Sri Lanka’s new Minister of Highways and Investment Promotion, Kabir Hashim and Eran Wickramaratne as Deputy Minister of Highways and Investment Promotion,assumed duties today. Hashim is the Chairman and General Secretary of the United National Party (UNP) and Wickramaratne act as the Treasurer to the party.
’s Port City project to be reviewed: Investment Promotion
Jan 16, 2015 (LBO) – Sri Lanka’s port city project has to be fully reviewed due to its location at a high security zone , Minister of Investment Promotion said today. “We cannot have land given on freehold basis to another country in a high security zone and that is right in between the two […]
Sri Lanka should be promoted for culture and heritage but not for entertainment: Minister
Jan 16, 2015 (LBO) –Sri Lanka will be promoted for its culture and heritage under the new government rather than a place of entertainment Minister of Investment Promotion said today. In terms of tourism Sri Lanka sold its tourism based on historical places and cultural attractions, Kabir Hashim, Minister of Investment Promotion and Highways said. […]
‘s President to become party leader: Source
Jan 16, 2015 (LBO) – Sri Lanka’s newly elected President Maithripala Sirisena to become the Chairman of the Sri Lanka Freedom Party (SLFP) today, a source said. Former president and leader of SLFP Mahinda Rajapakse has agreed to step down as the party chairman, allowing new president to take full control. Sirisena had been the […]
’’s Yunnan Province for a corporate agreement
Jan 16, 2015 (LBO) – Sri Lanka’s Export Development Board (EDB) in talks with China’s Yunnan province for a corporate agreement to increase exports from the island, especially of high-value products, EDB said in a statement. We are currently preparing one of the strongest ever delegations to this year’s CSAE fair and we also positively […]
SriLankan Airlines to reschedule flights and re-deploy capacity to gain USD 18mn
Jan 16, 2015 (LBO) – Sri Lanka’s national carrier SriLankan airlines has re-deployed its capacity and adjusted its scheduled operations to focus on more commercially sustainable services which translates to an annual bottom line improvement of approximately 18 million US dollars , the airline said in a statement. The airline will cut flights to the […]