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Sri Lanka reserves improve to USD 8.9bn by end June; YTD rupee appreciation 4.1-pct
July 11, 2019 (LBO) – Sri Lanka’s gross official reserves have reached 8.9 billion US dollars by end June 2019, following the receipt of 2 billion US dollars from the issuance of ISBs, providing an import cover of 5.1 months, the Central Bank said. The successful issuance of the International Sovereign Bonds (ISBs) in June […]
Sri Lanka Central Bank maintains policy interest rates at current levels
July 11, 2019 (LBO) – Monetary Board of Sri Lanka’s Central Bank at its monetary policy meeting has decided to maintain policy interest rates at their current levels. “Considering the current and expected macroeconomic conditions, the Monetary Board was of the view that there is ample space for market lending rates to adjust downwards in […]
John Keells empowers skills development of over 9200 youth in 2018/19
(PRESS RELEASE) “When I came home with my poor O/L results, my father asked me what I would do with my life now? He actually gave up on me. It was my mother who stood by me, pushed me and supported me when I decided to apply for the John Keells Vocational Training Programme last […]
Ambassador of Sri Lanka to US Rodney Perera presents credentials to President Trump
July 11, 2019 (LBO) – Ambassador of Sri Lanka to the United States, Rodney M. Perera, presented his credentials to the President of the United States, Donald Trump, at the Oval Office of the White House on Monday. Ambassador Perera conveyed to President Trump the greetings and best wishes of the President, the Government and […]
No SOFA deal yet; MCC to be presented to Parliament after cabinet approval: PM
July 10, 2019 (LBO) – Sri Lanka’s government has not signed a new Status of Forces Agreement (SOFA) with the United States although discussions are ongoing about a new one, Prime Minister Ranil Wickremesinghe told Parliament Wednesday. Tabling the old SOFA documents in the Parliament, he said diplomatic privileges are already applies to US military […]
EU Counter-Terrorism Coordinator to visit Sri Lanka
July 10, 2019 (LBO) – European Union’s Counter-Terrorism Coordinator Gilles de Kerchove will visit Sri Lanka this week. The visits aim to support the two countries in their respective efforts to step up security and develop a better exchange of experiences. While in Sri Lanka, de Kerchove will meet high-level representatives of the government, the […]
Ceylon Chamber to hold discussion on constitutional powers of President post 19A
The Ceylon Chamber of Commerce will hold an informative discussion on the constitutional powers of the President post the 19th Amendment to the Constitution. The current President came into power on an election promise that the Executive Presidency would be abolished. On April 28th 2015, the 19th Amendment to the Constitution (19A) was enacted with […]
‘s aircraft landed Sri Lanka only for crew rest & refueling: Civil Aviation Authority
July 09, 2019 (LBO) – Sri Lanka’s Civil Aviation Authority says the private aircraft ZS-ASN landed at the Bandaranaike International Airport only for crew rest and refueling. The authority emphasized in a statement that there is no equipment in the aircraft used for any surveying purpose, as declared by the operator in its application. Full […]
BOI signs deal with Japanese company to set up Boutique Hotel with USD 8.4Mn investment
July 10, 2019 (LBO) – Sri Lanka’s Board of Investment recently signed a new investment agreement with Wakana JPN (Pvt) ltd. to construct and operate a 21-roomed new boutique hotel in Ahungalla, with an investment of 8.4 million US dollars. The Agreement was signed on behalf of the BOI by Chairman Mangala Yapa and on […]
Women and an Ageing Population: What are the implications for Sri Lanka?
Jul 08, 2019) – The United Nations Population Fund (UNFPA) brought international policymakers to discuss feminization of ageing in Sri Lanka, in line with World Population Day. The life expectancy of a Sri Lankan woman is 79 years, as opposed to 72 years for a Sri Lankan man. This means that at age 60, females […]
Ground handling, aviation fuel, and embarkation levy reduced for 6 months to boost tourism
Jul 09, 2019 (LBO) – Sri Lanka Tourism Development Authority together with the Prime Minister’s office, the Minister of Tourism, Wildlife and Christian Religious Affairs, John Amaratunga and the Civil Aviation Authority of Sri Lanka tabled a cabinet paper and received the approval for the reduction of ground handling charges, aviation fuel, and the embarkation […]
Millennium Challenge Corp. committed to advancing Sri Lanka compact: New CEO
July 08, 2019 (LBO) – New CEO of the Millennium Challenge Corporation, Sean Cairncross says that they are committed to advancing the proposed 480 million dollars compact that the two governments have jointly developed to address major constraints in the Sri Lankan economy related to transport and land administration. Sending a letter to Sri Lanka’s […]