Author: lbostgadmin
LG Election 2018 : An interview with Duminda Attygalle, UNP candidate
An Interview with Duminda Attygalle, UNP Candidate for the Colombo Municipal Council – Cinnamon Gardens Ward What makes you want to go into politics? I draw inspiration from my late grand uncle, Upali Wijewardene. Upali Seeya founded the Upali Group and Chaired the Greater Colombo Economic Commission (BOI’s predecessor), but was always principled and helpful […]
Sri Lanka eyes hosting an Investment Round Table with World Economic Forum
Minister of Development Strategies and International Trade Malik Samarawickrama during a two day visit to Geneva recently met with Mr. Børge Brende, President of the World Economic Forum (WEF) and senior officials engaged in areas relating to Sri Lanka. The visit of the Minister took place as a continuation of Sri Lanka’s engagement with the […]
Strengthening Sri Lankan SMEs in exports vital for development: Eran
Jan 15, 2018 (LBO) – Sri Lanka’s plans to increase the contribution made by smaller-scale businesses to exports and lift foreign direct investment (FDI) in 2018 were both topics of conversation at a meeting held recently between Eran Wickramaratne, state minister of finance, and a team from Oxford Business Group (OBG). During the talks, Wickramaratne […]
Economic Outlook 2018 Seminar: Takeaways to Expect
The 2018 Sri Lanka Economic outlook, the first of its kind for this year to feature policymakers, global experts and sector perspectives, is to be held on the 22nd of January at the Ceylon Chamber of Commerce. With Road Map 2018 released by the Central Bank of Sri Lanka (CBSL), setting the stage, this seminar […]
CMPort pays 2nd tranche of USD97.3mn in Hambantota Port investment
China Merchant Port Holdings (CMPort) made the payment of US$ 97.365million to the Sri Lanka Ports Authority (SLPA) as the second tranche of its investment in the Public-Private Partnership (PPP). The payment, recently in January, takes the total paid by CMPort to date to US$ 389.462 million. The final payment is paid within six months […]
Term of office for Sri Lanka’s President is five years: Supreme Court
Jan 15, 2018 (LBO) – Supreme Court has informed President Maithripala Sirisena that the duration of his term of office is five years, President’s Media Division said. Last week, President sought determination from the Supreme Court on the duration of his term of office. As per the 18th amendment to the constitution, a President was […]
Sri Lanka seeks to modify performance criteria; EFF broadly on track: IMF
Jan 12, 2018 (LBO) – Sri Lanka’s performance under the Extended Fund Facility (EFF) program has remained broadly on track despite a series of weather-related supply shocks, the IMF said. Following the Executive Board’s discussion of the third EFF review, Mitsuhiro Furusawa, Acting Chair and Deputy Managing Director of IMF, said country’s fiscal performance has […]
Sri Lanka official reserves improve to USD8bn by end 2017
Jan 12, 2018 (LBO) – Sri Lanka’s gross official reserves have improved to 7,952.58 million US dollars by the end of last year from 7,319.40 million dollars in November 2017, official Central Bank data showed. By the end of 2016, country’s gross official reserves were stood at 6,062.71 million US dollars. Foreign currency reserves were […]
CPA comments on Supreme Court decision of Presidents office term
(PRESS RELEASE) – The Centre for Policy Alternatives (CPA) made representations today on behalf of itself and its Executive Director, Dr. Paikiasothy Saravanamuttu, intervening in the reference made by President Maithripala Sirisena to the Supreme Court regarding his term of office as President. On 8 January 2018, media reports indicated that President Sirisena had sought […]
Fitch rates Sampath Bank Basel III sub debt A(lka)(EXP)
Jan 12, 2018 (LBO) – Fitch Ratings has assigned Sampath Bank’s proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’. The notes will total 7.5 billion rupees, mature in five years and carry fixed coupons. The notes include a non-viability clause and will qualify as regulatory Tier II capital for the bank. […]
“Enterprise Sri Lanka” to be launched in March: Fin Min
Jan 12, 2018 (LBO) – Sri Lanka’s Government will disburse 60 billion rupees through state and private banks while the Treasury will set aside 5 billion rupees to reimburse interest to banks as part of the Budget 2018’s “Enterprise Sri Lanka” program to create new entrepreneurs. Minister of Finance and Mass Media MangalaSamaraweera said that one of the […]
Governor received bond commission report yesterday: Central Bank
Jan 11, 2018 (LBO) – Central Bank revealed Thursday that the secretary to the President has handed over a copy of the bond commission report to the Governor of Central Bank yesterday. Central Bank said that it has already implemented some of the recommendations, while measures have already been initiated to implement most of the […]