Author: lbostgadmin

IMF

Sri Lanka’s deal with IMF has 3 benefits for external financing profile: Moody’s

Apr 29, 2016 (LBO) – Sri Lanka’s 1.5 billion US dollars deal announced today with the IMF will have three benefits for Sri Lanka’s external financing profile, issuing a statement Moody’s Investors Service said.Marie Diron, Senior Vice President, Sovereign Risk Group, Moody’s Investors Service, and the lead sovereign analyst for Sri Lanka highlighted the three points as […]

imf_lbo

Sri Lanka reaches USD1.5Bln support deal with IMF

Apr 29, 2016 (LBO) – Sri Lanka has reached a technical agreement with the International Monetary Fund for 1.5 billion dollars, a statement said. The loan program will need approval by the IMF’s executive board, which is due to consider it in early June. Once approved it is “expected to catalyze an additional 650 million […]

LAUGFS Eco Sri, first to be ISO 14001 certified in emission services in South Asia

LAUGFS Eco Sri, first to be ISO 14001 certified in emission services in South Asia

LAUGFS Eco Sri, the first to introduce air quality management and a pioneer in eco solutions in Sri Lanka, recently became the first organization in the South Asian region to receive the ISO 14001 certification in emission services. The award ceremony held at the Sri Lanka Standards Institution was attended by top management of LAUGFS […]

Nandalal_Weerasinghe_Deputy_Governor_CBSL_Central_Bank

No reason to keep exporter’s money abroad: Central Banker

Apr 28, 2016 (LBO) – Sri Lankan exporters do not have a clear reason to keep their money abroad as the Central Bank has already removed restrictions on foreign currency withdrawals from foreign currency accounts, a senior official said. Deputy Governor of the Central Bank Nandalal Weerasinghe speaking at an event said the exporters will […]

Mahinda-Rajapaksa-3

Unreasonable tax increases to be enforced after May Day: MR

Apr 28, 2016 (LBO) – Sri Lankan general public will have to suffer from unreasonable tax increases that are to come into effect from 2 May 2016, Former President Mahinda Rajapaksa said. Releasing a statement Rajapaksa said the government is going to increase taxes because there is no money to continue implementing the reckless pledges […]

The Swiss Institute to be launched in Sri Lanka next week

The Swiss Institute to be launched in Sri Lanka next week

The service industry – banking, hospitality & tourism, logistics & transport, telecommunications, retailing – is the stage where the global war for talent is being fought. It is the only industry dependent on the human factor for its continued success, whereas manufacturing, already in decline, has only limited scope for a human labour force. Why […]

BOI

BOI signs 19 agreements worth Rs.319Mn in March 2016

Apr 28, 2016 (LBO) – Sri Lanka’s Board of Investment signed a total of 19 new investment agreements in varied sectors in March 2016, the investment agency said in a statement. The agreements signed are valued of 139 million US dollars and are expected to generate 3100 direct new employment opportunities. As per the BOI […]

Highway

Walkers CML Properties educates public on highway safety in Sri Lanka

Walkers CML Properties (Pvt) Ltd, a fully-owned subsidiary of MTD Walkers PLC partnered with the Expressway Operation Maintenance and Management Division of the Road Development Authority to educate the general public on the importance of adhering to highway safety rules and regulations. During the Sinhala and Tamil New Year Period, from April 9 to April […]

Colombo-Sri-Lanka

Sri Lanka projected economic growth 5.4-pct in 2016; 5.9-pct in 2017: UNESCAP

Apr 28, 2016 (LBO) – Sri Lanka’s economic growth is projected to gain further momentum, at 5.4 percent in 2016 and 5.9 percent in 2017, newly released 2016 UNESCAP report said. The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) report further said private consumption in Sri Lanka will likely remain […]

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