Author: lbostgadmin
Finance Minister introduces changes to WHT, VAT, Income Tax, Telecom Levy
Nov 01, 2018 (LBO) – Sri Lanka’s Prime Minister as the new Finance Minister has given direction to implement a range of initiatives to revive the economy including the changes introduced for WHT, VAT, Income tax and Telecommunication Levy. The Finance Ministry said necessary Gazettes for these tax-related proposals will be issued today and Cabinet approval […]
Sri Lanka Finance Minister cuts fuel prices under new economic programme
Nov 01, 2018 (LBO) – Given the impact of fuel pricing on all strata of the society especially those engaged in transport, agriculture and fisheries sectors, prices of fuel have been reduced with effect from midnight today.Accordingly, Petrol (Octane 92) will be reduced by 10 rupees per litre, Auto Diesel by 7 rupees per litre […]
Sri Lanka’s President appoints more ministers
Ministers appointed by the President Maithripala Sirsena today: Duminda Dissanayake: Minister of Irrigation, Water Resources and Disaster Management Dayasiri Jayasekara: Minister of Skills Development and Vocational Training Piyasena Gamage: State Minister of Youth, Women and Child Affairs Lakshman Senewiratne: State Minister of Defence M. L. A. M. Hizbullah: State Minister of Highways and Road Development Mohan […]
‘m honored to serve as US Ambassador to Sri Lanka at this critical moment: Teplitz
Nov 01, 2018 (LBO) – Ambassador Alaina B. Teplitz officially began her tenure as the U.S. Ambassador to Sri Lanka today after presenting her credentials to President Maithripala Sirisena. The ceremony was held at the President’s official residence. Ambassador Teplitz was accompanied by her husband, Robert Saul. “I am honored to serve as the U.S. Ambassador […]
US, Japan, France, Afghanistan new Ambassadors present credentials to President
Nov 01, 2018 (LBO) – New Ambassadors of the United States, Japan, France, and Afghanistan have presented credentials to President Maithripala Sirisena today at the President’s House, Colombo.Foreign Ministry said the United States with the concurrence of the Government of Sri Lanka, has appointed Alaina Teplitz as the Ambassador of the US to Sri Lanka […]
Sri Lanka Parliament to be reconvened on Monday as earlier scheduled
Nov 01, 2018 (LBO) – Sri Lanka’s Parliament will be reconvened on Monday as earlier scheduled, quoting the President, Prime Minister Mahinda Rajapaksa said.The date was earlier fixed for the second reading of the Appropriation Bill (Budget Speech) which may use by the new government to present the vote-on-account instead of a full budget. President […]
Teejay 6-month net profit up 20-pct to Rs.705Mn
Nov 01, 2018 (LBO) – Sri Lanka’s Teejay Lanka PLC, a textile manufacturer, has reported sales of 14.4 billion rupees and profit after tax of 704.8 million rupees at Group level for the six months ending 30th September 2018. This reflects a healthy growth of 25 percent and 20 percent respectively for the period, the […]
PropertyGuru doubles down on Southeast Asia with funding round
(PRESS RELEASE) Group bolsters its regional leadership with the new funding and full consolidation of Vietnam’s No. 1 property portal, Batdongsan.com.vn SINGAPORE, 31 October 2018 – PropertyGuru Group (‘PropertyGuru’ or ‘the Group’), Asia’s leading property technology group, today announced that it has secured S$200 million (approx.) [US$145 million] in a Series D round of funding […]
Foreign Minister meets Heads of Mission of SAARC countries
(PRESS RELEASE) – Foreign Minister Dr. Sarath Amunugama met the Ambassadors and High Commissioners of SAARC countries and their representatives at his office today (31). Heads of Mission and their representatives of Afghanistan, Bangladesh, Nepal, India, Maldives and Pakistan were present on this occasion to discuss matters of mutual interest. The Secretary to the Ministry […]
IDU Chair Former Canadian PM Stephen Harper demands Sri Lanka parliament be opened
October 31, 2018 (LBO) “We are witnessing the breakdown of democracy in Sri Lanka” The International Democrat Union is following the latest developments in Sri Lanka with grave concern. On Friday, October 26, 2018, Sri Lankan President Sirisena removed Prime Minister Wickremesinghe from his position.This move has been widely denounced as unconstitutional. The IDU stands […]
S R Attygalle assumes duties as new Secretary to Finance Ministry
Oct 31, 2018 (LBO) – Deputy Secretary to Treasury S R Attygalle who has been appointed as the Secretary to Ministry of Finance and Economic Affairs and the Secretary to Treasury by President Maithripala Sirisena assumed duties in his new post at the Ministry of Finance, Wednesday afternoon. Attygalle who is from the Central Bank […]
Bond vigilantes come to town as Sri Lanka sovereign debt tanks
October 31, 2018 (LBO) – To be updated