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SL fiscal consolidation plans challenging without policy effectiveness and faster growth
Mar 12, 2019 (LBO) – Achieving Sri Lanka’s deficit and debt targets will be challenging without a significant increase in fiscal policy effectiveness and faster Gross Domestic Product (GDP) growth, a rating agency said in a statement. ‘Sri Lanka’s ambitious fiscal consolidation targets – when the country has not had a fiscal deficit below 5.0 […]
JICA signs LKR 48Bn concessionary loan to establish Malabe-Fort LRT
Mar 11, 2019 (LBO) – A concessionary loan agreement for JPY 30,040 million (approx. 48 billion rupees) was signed between the Government of Sri Lanka and Japan International Cooperation Agency (JICA) for engineering services and construction of a Light Rail Transit (LRT) line between Malabe and Colombo Fort, recently. The loan will finance […]
Interview : Present and future trends in real-estate and condo market in Sri Lanka
Mar 11, 2019 (LBO) – The Blue Ocean Group of Companies has grown into a versatile conglomerate over the past few years. The group of companies engage in real estate, construction, engineering, trading, education, travels and holidays, entertainment, consultation and many other fields. LBOTv had a chat with Chairman of Sri Lanka’s Blue Ocean S.Thumilan…..
‘s Oligarchs
March 10, 2019 (LBO) – The stage was set during one of the many post budget forums which set out to digest, analyse and critique the economic ramifications and opportunities from the latest budget. The forum included some of the most important personalities in Sri Lankan business who took to the stage to publicly voice […]
‘s new Media Minister Ruwan Wijewardene visits Lake House
March 9, 2019 (LBO) – Ruwan Wijewardene has visited Lake House for the first time since being appointed Sri Lanka’s Media Minister. The visit, seemingly routine for a minister visiting a state institution under his or her purview, is of important historical significance in the history of Media in Sri Lanka. Lake House, one of […]
Sri Lanka official reserves at USD 6.0 billion by end February
Mar 08, 2019 (LBO) – Sri Lanka’s gross official reserves were 6,005.5 million US dollars by the end of February, down from 6,152.2 million US dollars in January this year, latest Central Bank data showed. By the end of February, foreign currency reserves were 5,091.5 million dollars while the reserve position in the IMF was 66.9 […]
Pakistan High Commissioner briefed Speaker on security situation in region
High Commissioner of Pakistan, Major General (R) Dr.Shahid Ahmad Hashmat paid a courtesy call on Speaker, Karu Jayasuriya on March 7, 2019. The High Commissioner apprised the Speaker on the prevailing situation in the region. He underscored Pakistan’s commitment to peace and stability in the region. Highlighting the repeated overtures by the Prime Minister of […]
Breakthrough Business Intelligence identify points about evolving Sri Lankan consumer
Mar 08, 2019 (LBO) – As Sri Lanka steps-up to middle income status, Sri Lankans are stepping up to new opportunities and challenges. Based on their experience in working with brands and interacting with consumers on a regular basis, Dilini Jayasuriya – Executive Director of Breakthrough Business Intelligence (Pvt) Ltd. and Abhishek Hariharan – Associate Vice […]
Boardrooms should be at least 1/3 women – MP Balasuriya to table legislation on Tuesday
March 8, 2019 (LBO) – In a move that is likely to have a wide impact across corporate boardrooms throughout Sri Lanka, Joint Opposition Member of Parliament Hon. Tharaka Balasuriya is scheduled on Tuesday to present legislation in Parliament that aims to bring significantly more women onto Sri Lankan corporate boards. The move, if successful, […]
Sri Lankan Marini de Livera honored with Intl. Women of Courage Awards 2019
Ten extra ordinary women from around the world were honored with International Women of Courage Awards ( IWOC ) 2019 at the US State Department on 07th March 2019.Sri Lankan Marini de Livera was among the awardees from Bangladesh, Burma, Djibouti, Egypt, Jordan, Montenegro, Peru, Tanzania and Ireland who were felicitated by the State Department. […]
‘s Day
In recognition of International Women’s Day, SriLankan Airlines operated its first all-female crew flight from Colombo to Singapore and return.UL306 of 8th March ’19 landed in Singapore carrying more than 170 passengers onboard. The flight was piloted by Captain Simran Ghumman, First Officer Maneesha Nambuge accompanied by purser Miranda Rodrigo and the cabin crew – […]
Sri Lanka’s bond to be listed on LSE’s International Securities Market for first time
Mar 08, 2019 (LBO) – Sri Lanka’s successful international sovereign bond offering is expected to be listed on the London Stock Exchange (LSE), to be admitted to the LSE’s International Securities Market (ISM) for the first time, the Central Bank said. This is in addition to the listing on the Singapore Exchange Securities Trading Limited (the […]