Author: lbostgadmin
Walkers CML Properties launches Heritage Valley in Kandy
Walkers CML Properties (Private) Limited, a subsidiary of MTD Walkers PLC, together with the Ministry of Public Administration and Management and The Board of Investment of Sri Lanka launched its newest affordable housing project, “Heritage Valley” in Kandy recently. Minister of Public Administration and Management Honourable Ranjith Madduma Bandara laid the foundation stone last week […]
Korea pledges USD300mn development loans to Sri Lanka till 2018
July 14, 2016 (LBO) – A framework arrangement enabling Sri Lanka to obtain soft loans from the government of Korea up to 300 million dollars till 2018 was signed on July 13, 2016, a statement said. “This Framework Arrangement is based on the agreement between the two governments signed in December 1995 concerning Loans from […]
Power Minister appoints committee to probe coal purchases
July 13, 2016 (LBO) – Sri Lanka’s Power Minister on Wednesday appointed a three-member committee comprised of industry experts to look into the alleged losses incurred in Norochcholai coal procurement process during 2015 to 2016. Chancellor of Moratuwa University Prof. K Y WA Perera will chair the committee while the Chairman of CMA Prof. Lakshman […]
‘s cabinet approval
July 13, 2016 (LBO) – Sri Lanka’s Cabinet has approved the introduction of a National Payment Platform (NPP) to facilitate digital commerce and online transactions, a post-cabinet statement said. The Information and Communication Technology Agency (ICTA) has been directed to implement the NPP, with the Central Bank of Sri Lanka facilitating its implementation With NPP, […]
New incentive structure for investments in coming weeks: PM
July 13, 2016 (LBO) – Sri Lanka will unleash a new incentive structure for specific investment sectors coupled with a simplified tax system in the coming weeks, Prime Minister Ranil Wickremesinghe said. Wickremesinghe said the government has already identified specific sectors that generate high employment opportunities to offer new incentives. “I want to encourage both […]
Sri Lankan rupee firms on dollar selling by foreign bank; stocks rise
July 13, 2016 (Reuters) – The Sri Lankan rupee rose on Wednesday as a foreign bank sold dollars on behalf of investors keen to buy local bonds after Finance Minister Ravi Karunanayake said the currency would rise on expected inflows from a sovereign bond issue, dealers said. Sri Lanka raised $1.5 billion in its first […]
PTL Watch: Sri Lanka bond yields dip further 5-10 bp
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Sri Lanka’s new Ambassador to ASEAN presents Credentials
Sri Lanka’s Ambassador to Indonesia, Dharshana M. Perera presented credentials as Sri Lanka’s Ambassador to ASEAN to Secretary General Mr. Le Luong Minh at the ASEAN Secretariat in Jakarta on 12th July 2016. During the discussion which followed, the ASEAN Secretary General welcomed the accreditation of the Ambassador of Sri Lanka and described it as […]
Sri Lanka FM statement following discussion with two visiting US Asst. Secretaries of State
It is a pleasure to welcome Assistant Secretary of State for South and Central Asian Affairs Nisha Biswal and Assistant Secretary of State for Democracy, Human Rights and Labour Tom Malinowski to Sri Lanka and to this Ministry, once again. I am sure that by now, both Nisha and Tom are quite familiar to all […]
Dialog Axiata names Supun Weerasinghe in CEO succession plan
July 13, 2016 (LBO) – Telecommunications blue chip Dialog Axiata PLC, in a release to the Colombo Stock Exchange, said company has commenced preparation for the succession of its Group Chief Executive at year end 2016. “The announcement of succession follows Dr Hans Wijayasuriya, the Group Chief Executive of Dialog, taking on additional regional responsibilities […]
Sri Lanka govt finances on track as per budget: Ravi K
July 13, 2016 (LBO) – Sri Lanka’s government finances this year are on target as estimated in the last budget, Finance Minister Ravi Karunanayake said. “Our revenues are on target as per the last budget. Excise collections are up 40 percent,” Karunanayake told reporters without giving details. Sri Lanka has revised down the 2016 budget […]
‘s post-war reconciliation efforts
July 12 (Reuters) – The United States on Tuesday praised Sri Lanka‘s steps taken under a U.N. resolution to address alleged human rights abuses in the final phase of a 26-year war with Tamil Tiger rebels, and said it would do what it could to see through the process. Washington along with other Western nations […]