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Sri Lanka to do feasibility study for domestic airport in Kandy
Aug 09, 2018 (LBO) – Sri Lanka’s cabinet of ministers has given the nod to conduct a feasibility study on building a domestic airport in Kandy district, a statement said. “It is proposed to have a new airport at Dingana in the Kandy area to better connect the city to other areas in the island,” an official statement on […]
Reports about textile imports from North Korea are erroneous: Foreign Ministry
Aug 08, 2018 (LBO) – Sri Lanka’s Foreign Ministry on Wednesday said news reports regarding textile imports from the North Korea to Sri Lanka during the period October 2017 and March 2018 are erroneous.The ministry said in keeping with Sri Lanka’s international obligations as a member of the United Nations, the Government of Sri Lanka […]
CA Sri Lanka calls for applications for 54th Annual Report Awards Competition
In an effort to crown the best and most brilliant annual reports produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has called for applicationsfor its 54th Annual Report Awards Competition. The competition will this year revolve around the theme ‘Epitome of Brilliance’ with the best annual reports scheduled […]
Sri Lanka Medical Association says composition of Medical Council needs revision
Aug 08, 2018 (LBO) – Sri Lanka Medical Association (SLMA) has asked the Health Ministry to set up a committee to review the Medical Ordinance with a specific focus on the composition of the Sri Lanka Medical Council (SLMC). Releasing a media release, the association said they are willing to provide a facilitator forum to […]
CB Governor says bank deposit and lending rates need to come down
Aug 08, 2018 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy expressed concern on the current deposit and lending rates of the banks. Speaking at a press briefing, Coomaraswamy said it is a matter of some concern because the deposit and lending rates are as rigid as they were in the past. “In fact […]
63 remarkable women from Sri Lanka & Maldives recognized at Career Awards
• ‘Top 50’ Professional and Career Women Awards 2018 take inspiring stories of Sri Lankan women to the world • 63 remarkable women from Sri Lanka and Maldives recognized with Gold and Silver awards The ‘Top 50’ Professional and Career Women Awards 2018 were celebrated recently, with remarkable women leaders from Sri Lanka recognized for […]
LSEG Technology voted Best Execution Management System Provider
• LSEG’s Millennium Exchange product recognised at 16thAnnual Waters Technology awards as Best Execution Management System • Voted for by readership of WatersTechnology across buy side, sell side, exchanges, trading houses, post-trade venues, inter-dealer market participants, technology vendors from around the world • LSEG Technology delivers critical infrastructure technology used by over 40 capital markets […]
President invites all to join hands and achieve sustainable development goals
Aug 08, 2018 (LBO) – Achieving sustainable development goals is to make the country and the nation victorious, Sri Lanka’s President Maithripala Sirisena said and invited all citizens including political leaders, academics, private sector, entrepreneurs and school children to join hands to achieve success in attaining these goals. He made these remarks participating in the launching […]
Tourist arrivals to Sri Lanka up 6-pct in July 2018
Aug 07, 2018 (LBO) – Tourist arrivals in Sri Lanka were up six percent to 217,829 in July 2018 from a year earlier, with double digit growth in the largest source market, India, official data shows. As at 31 st July 2018, 1,382,476 tourists had visited Sri Lanka for this year, a 13.7 percent growth […]
UPFA opposes giving opposition leadership to Joint Opposition
Aug 07, 2018 (LBO) – United People’s Freedom Alliance (UPFA) has opposed the request of Joint Opposition about the opposition leader post in the Parliament, political sources said.A letter signed by eight people in the Joint Opposition had been sent to the speaker requesting Dinesh Gunawardene be appointed as the leader of the Opposition.UPFA General […]
Land area of Mirigama Export Processing Zone to be expanded by 108 acres
Aug 07, 2018 (LBO) – Sri Lanka’s Board of investment says the Mirigama Export Processing Zone is presently expanding its land area by another 108 Acres, adding 31 industrial lots to the zone with an objective of facilitating more FDI into the country. The Mirigama Export Processing Zone (MEPZ) has contributed 14 million US dollars […]
Fin Min says NO changes for doctors paye tax only amend expenditure calculation process
Aug 07, 2018 (LBO) – The Finance Ministry yesterday announced the income tax level of doctors had not been reduced from 24 percent to 15 percent, but an agreement had been reached to amend the expenditure calculation process.Issuing a statement late last evening it said that no changes in the tax rate for the calculation of […]