Author: lbostgadmin
Sri Lanka should look at regional trade and be less Europe centric: Official
Apr 02, 2015 (LBO) – Sri Lanka should look at diversifying its export market from its Europe centric and north American trade habits and move towards exploring a more lucrative regional export markets, a senior official said. “That Europe centrist approach is still there in Sri Lanka, simply because it is the number one market […]
Sri Lanka to attract more Chinese tourists
Apr 02, 2015 (LBO) – Sri Lanka plans to attract more Chinese tourists through a recently launched marketing strategy by Sri Lanka Tourism with a private- public partnership focusing only on China. “If we can build the new markets in china like Sichuan province which has 90 million people including two million who travel overseas […]
Sri Lanka’s BOI Chief says paperless operation reduces malpractices
Apr 01, 2015 (LBO) – Sri Lanka’s Board of Investment (BOI) Chief said, recently introduced electronic commerce or paperless operations helps to reduce malpractices in work place.Upul Jayasuriya , chairman of the Board of Investment of Sri Lanka was quoted as saying, that he was favourable to the paperless operations by introducing advanced Information Technology […]
Sri Lanka stocks close up 1.4-pct; JKH rings the opening bell
Apr 01, 2015 (LBO) – Sri Lanka’s stocks closed higher for the second consecutive day with telco and tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 95.74 points higher at 6,916.08, up 1.40 percent. The S&P SL20 closed 48.24 points higher at 3,900.67, up 1.25 percent. […]
Sri Lanka asked to set up an industrial zones by China: Port City is not enough
Apr 01, 2015 (LBO) – Sri Lanka asked to set up an industrial zone with the partnership of China since the Chinese funded port city only will not help developing the Island, Yi Xianliang, ambassador of the People’s Republic of China to Sri Lanka was quoted as saying in a media release. He also hinted […]
‘s E.B Creasy acquires Lanka Special Steels ltd
Apr 01, 2015 (LBO) – Sri Lanka’s E.B Creasy has acquired full stake of Lanka Special Steels ltd on Tuesday, the company said in a stock exchange filing.E.B Creasy which has interests in logistics and manufacturing has purchased 2.5 million ordinary shares of Lanka Special Steels ltd from Tata Steel ltd for 433 million rupees.Lanka […]
Sri Lanka to get EXIM bank India’s US$500mn green bond support for green projects
Apr 01, 2015 (LBO) – The Export-Import Bank of India, India’s export finance institution, is planning to support Sri Lanka through its recently launched 5 year “Green Bond” issue of 500 million US dollars, the bank said in a statement. The issue attracted subscription of around 3.2 times which was led by strong demand, across […]
Sri Lanka’s economy should be driven through investment and FDI: Eran Wickramaratne
Apr 01, 2015 (LBO) – Sri Lanka’s new government plans to drive the economy forward through investment and foreign direct investment (FDI) unlike the previous regimes strategy of public investment and foreign debt, deputy Minister of highways, higher education and investments promotions, Eran Wickramaratne said. “Clearly our government’s view is that the future of this […]
Sri Lankan govt. officials should be encouraged to make faster decisions for a better Sri Lanka: BOI Chairman
Apr 01, 2015 (LBO) – Sri Lanka’s government officials are not confident enough to make quick decisions, which creates havoc in the investment environment in the island an official said.“The decision making process should be encouraged,” Upul Jayasuriya, chairman, Board of Investment, Sri Lanka said.“I think there are so many government departments including our own […]
Sri Lanka’s GSP Plus to be re-evaluated:EU
Apr 01, 2015 (LBO) – The European Union is seriously reevaluating the island’s request to grant the GSP plus concession for exports to the EU and to lift the restrictions imposed on export of fish products, European Union Ambassador to Sri Lanka, David Daly has said. Daly has also expressed deep appreciation over the new […]
‘s inflation declines further to 0.1-pct in March 2015: Central Bank
April 01, 2015 (LBO) – Sri Lanka inflation declined to 0.1 percent in March 2015 from 0.6 percent in February on year-on-year basis as a result of the moderation of food prices during the month, the Central Bank said in a media release.The data measured by the change in the Colombo Consumers’ Price Index (CCPI) […]
Sri Lanka’s political parties should agree on a common long-term plan: PM
Mar 31, 2015 (LBO) – Sri Lanka’s politicians and parties should think of a common long-term plan to pursue its vision of becoming a successful knowledge based economy in the region, Prime Minister Ranil Wickremesinghe said.“We have to agree on a common 20 year plan to drive the island towards a knowledge based economy through […]