Author: lbostgadmin
Uber completes one year in Colombo,Sri Lanka
Dec 14, 2016 (LBO) – Uber, the on-demand technology company has completed a year of operations in Colombo and are looking to hire more people to join their team as they expand operations in Sri Lanka. “When we launched Uber in Sri Lanka back in 2015, it was an exciting alternative to get around the city. […]
ADB Maintains Stable Outlook for Asia Despite Global Uncertainties
Dec 14, 2016 (LBO) – Economic growth in developing Asia remains broadly stable, but a slight slowdown in India has trimmed the region’s growth outlook for 2016, says a new Asian Development Bank (ADB) report. In a supplement to its Asian Development Outlook 2016 Update report, ADB has downgraded 2016 growth to 5.6 percent, below […]
“No privatization or sell off of public assets” Ravi
Dec 12, 2016 (LBO) – The government will not privatize or sell off any of the public asset and there were no provisions made under the Budget-2017 to this effect, the Finance Minister said. “The Budget-2017 has made provision to convert the country into a manufacturing economy by converting the foreign debt into equity thereby reducing […]
Sri Lanka approves 2017 budget; aims to raise revenue through taxes
Dec 11, 2016 (Reuters) – Sri Lanka’s coalition government on Saturday won the final vote on its 2017 budget which aims to boost revenue and cut the fiscal deficit to 4.6 percent of GDP from this year’s 5.4 percent with a more than two-thirds majority. The budget, which contains some long-term reforms and measures to […]
‘s presidential powers suspended; PM takes over as acting leader
Dec 09, 2016 (Reuters) – South Korean President Park Geun-hye’s powers were suspended at 7:03 p.m. on Friday (1003 GMT) after parliament voted to impeach her, her office said. Prime Minister Hwang Kyo-ahn took over as acting president and told a cabinet meeting he would do his best to ensure stable government continued to function. […]
Sri Lanka exporters await confirmation of RAMIS
Dec 09, 2016 (LBO) – Sri Lanka’s Exporters Association, which represents a majority of the island’s exporters, has urgently called upon the Finance Ministry to confirm that RAMIS will be fully implemented, and that it will be operational by January 2017. Paperless SVAT system provided exporters with a significant level of relief towards the constraints […]