Author: lbostgadmin
Sri Lanka’s foreign debt USD25.6bn by April: Mid Year Fiscal Report
July 10, 2017 (LBO) – Sri Lanka’s total outstanding external debt was 25.61 billion US dollars (Rs3,886bn) by the end of April 2017, up from 23.1 billion dollars at the end of April last year, the Mid-year Fiscal Report revealed. Government’s total debt service payments for the first four months of this year amounted to […]
SriLankan Airlines, CEB, CPC record Rs30bn loss in first 4 months
July 10, 2017 (LBO) – State-owned carrier Sri Lankan Airline, main power supplier Ceylon Electricity Board and Ceylon Petroleum Corporation together have recorded a loss of 30 billion rupees in the first four months of this year, a treasury report showed. Sri Lankan Airlines The total loss of Sri Lankan Airlines increased by 55 percent […]
‘s first TIER III Certified Data Centre and Media Hub
(Press Release) – Dialog Axiata Group announced last Friday, the commissioning of Sri Lanka’s first Tier III certified data Centre and media bub. Dialog, Sri Lanka’s premier connectivity provider and a leader in the provision of world class enterprise solutions was recently awarded a TIER III Constructed Facility Certification (TCCF) from the UPTIME Institute for […]
India will move on ETCA at a pace set by Lanka: envoy
By P.K. Balachandran Assuaging fears that India is set to “impose” an Economic and Technical Cooperation Agreement (ETCA) on Sri Lanka, the Indian High Commissioner in Sri Lanka, Taranjit Singh Sandhu, has said that India is ready to move on the ETCA at a pace Sri Lanka is comfortable with. “The proposed Economic and Technical […]
Sri Lanka foreign reserves up 3-pct in June
July 07, 2017 (LBO) – Sri Lanka’s official foreign reserves climbed three percent (USD193.9mn) to 6.9 billion dollars in June, official Central Bank data showed. Foreign currency reserves were 5.99 billion dollars and reserves in gold were 0.89 billion dollars. Central Bank’s Treasury bill holdings were down from 214. 35 billion rupees in May to […]
Mannar identified for major tourism development: Ministry
The Ministry of Tourism Development has identified Mannar District for major tourism infrastructure development projects. Already over Rs. 40 million has been spent on making the beach areas tourist friendly and many other projects are being planned in order to make the district the main hub for tourism in the region. During a discussion between […]
Death sentence for killer of journalist Mel Gunasekera
July 05, 2017 (LBO) – Sri Lanka passed the death sentence against the accused in the murder case of journalist Mel Gunasekera at the Colombo High Court on Wednesday. Rs. 17.5 Billion) was signed on 7th of July 2017 between the Government of Sri Lanka and Japan International Cooperation Agency (JICA) for rehabilitation of essential […]
Sri Lanka launches hotline for garbage collection in Colombo
July 05, 2017 – Sri Lanka’s Provincial Councils and Local Government Ministry has launched a hotline for people to make complaints about garbage collection in the Colombo Municipal area. The ministry has set up a special unit called the “National Task Force for Management of Waste” which will be manned by the tri-forces and an […]
French President Macron outlines ambitious five-year plan
July 05, 2017 (LBO) – France’s President Emmanuel Macron, in a rare joint session of the French Parliament at Versailles, outlined his five-year plan for the European nation Monday, touching on the public’s thirst for change and humane treatment of refugees. Macron stunned traditional parties on both the right and the left, running under the […]
PTL Watch: Sri Lanka bond yields head lower
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/07/PTL-Daily-Market-Report-04th-July-2017.pdf” title=”PTL Daily Market Report 04th July 2017″]
‘s ad-hoc tax changes
July 04, 2017 (LBO) – A Japanese business delegation has requested that Sri Lanka’s finance minister gives them at least six months notice prior to the enforcement of tax amendments, as it might have an adverse impact on exports. The request came during a meeting held at the Finance Ministry on Monday attended by the […]
CA Sri Lanka Students Society wins ACCA next gen challenge
The CA Students Society of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently won the Next Gen Challenge powered by ACCA and TV1. The CA Sri Lanka Students Society Team comprising of Mohamed Rifan, Jayashan Grero, Piyumi Dhananjana and Dihan Udugampola beat six other teams to win under the ‘other professional […]