Author: lbostgadmin
EU Ambassador appreciates progress being made to resolve investor issues
Oct 26, 2018 (LBO) – EU Ambassador Tung-Lai Margue participating in the 7th Edition of EU Dialogue that was held last week, has appreciated the encouraging progress being made by Sri Lanka to resolve investor issues. This meeting was held with several issues relating to EU companies in Sri Lanka being taken up for resolution. The […]
‘s health system enhancement project
Oct 26, 2018 (LBO) – Government has mobilized Grant and Concessional Loan assistance amounting to 50 million US dollars from the Asian Development Bank.This will be used to improve the efficiency, equity and responsiveness of the Primary Health Care system in line with the National Strategic Framework for Development of Health Services (2016 – 2025).The […]
Colombo District Land Price Index shows 16-pct increase despite rebasing
Oct 26, 2018 (LBO) – Land prices in the Colombo District during the first half of this year has recorded an increase of 16.3 percent compared to the first half of last year, despite the Central Bank rebased its index.Central Bank said they revised the base period of the index from 1998 to the first […]
Sri Lanka reiterates that Colombo East Terminal will not be given to any country
Oct 25, 2018 (LBO) – East terminal of Sri Lanka’s busiest Colombo port will not be given to any other country as it is being developed by the Sri Lanka Ports Authority, Port Minister Mahinda Samarasinghe reiterated today. In the master plan of Colombo port expansion project, the East Container Terminal (ECT) has a 1200m […]
Colombo Stock Exchange withdraws trading suspension on Adam Investments
Oct 25, 2018 (LBO) – Colombo Stock Exchange says the proposed trading suspension of the securities of Adam Investments will not be effective from 29 October 2018.The exchange further said the company has resolved the matters giving rise to the qualified opinion in the independent auditors report on the financial statements for the year ended […]
Finance Ministry launches dedicated hotline for Enterprise Sri Lanka
Oct 25, 2018 (LBO) – Sri Lanka’s Finance Ministry has introduced a call center and a hotline number 1925 to assist and resolve issues faced by entrepreneurs under the Enterprise Sri Lanka credit scheme. Accordingly, any entrepreneur can dial the special information hotline to submit their inquiries, complaints, and feedback. Under this scheme, over 58,817 […]
Blue Ocean Group lays foundation stone for yet another luxury condominium
Blue Ocean Group is pleased to announce yet another iconic luxury condominium project at No.35, Ramakrishna Road, Wellawatte, and the foundation stone laying ceremony took place at the site on the 11th of October 2018, headed by Sivarajah Thumilan, Blue Ocean Group Chairman in the presence of a large number of guests. The special event […]
Harsha salutes Dumindra Ratnayake, critical of his removal as BOI Chairman
October 25, 2018 (LBO) – State Minister of National Policies and Economic Affairs Dr. Harsha de Silva used a Facebook post to praise the former Chairman of the BOI Dumnidra Ratnayake, and criticise the way he was removed. The Facebook post is reproduced below: Thank you Dumi. The loss is certainly ours! This is to […]
Musical Chairs – Hemasiri Fernando to Chair the BOI
October 24, 2018 (LBO) – Presidents Chief of Staff and former People’s Bank Chairman Hemasiri Fernando will become the Chairman of Sri Lanka’s Board of Investment. Excerpts from his Bloomberg Executive Profile posted below: “Possessing diverse experience in varied genres, Mr. Fernando’s debut into the public sector was as Secretary to the Prime Minister.He later […]
Let us make this a starting point to double our revenue from tourism: PM
Oct 24, 2018 (LBO) – Sri Lanka should make Lonely Planet’s appreciation as a starting point to double the revenue from tourism, Prime Minister Ranil Wickremesinghe said. Delivering a special statement to the media on Wednesday, the premier said tourism has received a principal place in the country’s export economy since it can be one […]
‘s Bank
October 24, 2018 (LBO) – President Maithripala Sirisena has appointed long time public servant Sujatha Cooray as the Chairperson of People’s Bank according to a Newsfirst report.Cooray is a former Secretary to the Ministry of Ports and Highways. She has also served as Deputy Secretary to the Treasury.The new Chairperson has a Masters in Development Studies, […]
CBSL Deputy Governor C. J. P. Siriwardena appointed Commissioner General of Inland Revenue
October 23, 2018 (LBO) – Central Bank of Sri Lanka Deputy Governor Mr. C. P. J. Siriwardena has been appointed as Commissioner General of Inland Revenue by Finance Minister Mangala Samaraweera. The position is the top tax official in Sri Lanka and is one of the most important public sector appointments. His Bloomberg Executive Profile […]