Author: lbostgadmin
Drip Aid
Sri Lanka signed up for Rs. 26.1 bn worth of concessional aid from Japan to promote economic stabilization and development, the Finance Ministry said Wednesday.Sri Lanka signed up for Rs. 26.1 bn worth of concessional aid from Japan to promote economic stabilization and development, the Finance Ministry said Wednesday. The loans will carry a concessional […]
Sri Lanka currency weakens to more than 200 against the pound
Sri Lanka’s currency weakened to more than 200 rupees against the British pound on concern that foreign reserves are shrinking rapidly, the Central Bank of Sri Lanka said Wednesday. Sri Lanka’s currency weakened to more than 200 rupees against the British pound on concern that foreign reserves are shrinking rapidly, the Central Bank of Sri […]
EU invests in local intellectual property rights laws to safeguard European brands
The EU is investing € 100,000 in local intellectual property laws to make sure European brands and copyrights are protected in Sri Lanka.The EU is investing € 100,000 in local intellectual property laws to make sure European brands and copyrights are protected in Sri Lanka. “The budget for the entire project is around Î 100,000.Implementation […]
No short cuts to peace, says a South African peace delegation
Peace doesn’t come easy, so start working at it, says a team of South African peace delegates, to Sri Lanka’s business community.Peace doesn’t come easy, so start working at it, says a team of South African peace delegates, to Sri Lanka’s business community. As Biki Minyuku, the former head of South Africa’s Truth and Reconciliation […]
And Counting….
The Lanka IOC issue had attracted more than Rs. 24 bn, or more than 1 percent of GDP, even before all the postal and regional stock exchange applications were counted. Foreign applications had topped US $ 95 mn. “We are very encouraged by the foreign investor response,” says Vajira Kulathilaka, Head of NDB Investment Bank, […]
Just under a billion bucks. That’s how much the Inland Revenue will scoop up as retrospective taxes from bond trading profits when business ends on Tues
Just under a billion bucks. That’s how much the Inland Revenue will scoop up as retrospective taxes from bond trading profits when business ends on Tuesday. Just under a billion bucks. That’s how much the Inland Revenue will scoop up as retrospective taxes from bond trading profits when business ends on Tuesday. Financial markets milked […]
No duty cuts for tea, says Iran
Sri Lanka signed a preferential trade pact with Iran last week but is unlikely to see its main export tea get any duty cuts into Iran.Sri Lanka signed a preferential trade pact with Iran last week but is unlikely to see its main export tea get any duty cuts into Iran. A framework agreement for […]
Oil Dollars
Sri Lanka will get Asian Development Bank help for its up-coming bidding round to auction off potential blocks off the Mannar coast, for oil exploration. Sri Lanka will get Asian Development Bank help for its up-coming bidding round to auction off potential blocks off the Mannar coast, for oil exploration. Sri Lanka has applied for […]
Robin Hood
Government promises to give positive interest rates to savers but the budget revealed a plan to short-change state pension funds.Government promises to give positive interest rates to savers but the budget revealed a plan to short-change state pension funds. The Finance Minister said in the budget the government plans to convert rupee loans to low […]
Some business leaders think its time to make a collective effort to drive the peace process forward
Some business leaders think its time to make a collective effort to drive the peace process forward.Some business leaders think its time to make a collective effort to drive the peace process forward. Recently a delegation of business leaders went to South Africa, to find out how the private sector there helped initiate peace in […]
AS You Like It
Former Central Bank Governor A S Jayawardena said achieving revenue targets will be crucial for the success of the budget in a wide ranging interview with LBR about budgeting and Monterey Policy.Former Central Bank Governor A S Jayawardena said achieving revenue targets will be crucial for the success of the budget in a wide ranging […]
‘ Edge
A spate of floods and drought affected the agriculture sector output in the last few years.A spate of floods and drought affected the agriculture sector output in the last few years. The sector is expected to record negative growth this year according to the Finance Ministry. Farmers who depend on rain to grow their crops […]