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Sri Lanka official reserves rebound to USD7.9bn in February
Mar 16, 2018 (LBO) – Sri Lanka’s gross official reserves have improved to 7,914.33 million US dollars by the end of February from 7,672.75 million dollars in January, official Central Bank data showed. Reserves improved to 7,952.58 million dollars by the end of last year but reduced in January. Foreign currency reserves were 6,894.42 million […]
Sri Lanka lifts ban on Facebook
Mar 15, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed the Telecommunications Regulatory Commission to lift the ban on popular social media site Facebook, immediately. “On my instructions, my secretary has discussed with officials of Facebook, who have agreed that its platform will not be used for spreading hate speech and inciting violence,” the […]
Singapore remains world’s most expensive city in 2018
Mar 15, 2018 (LBO) – The results of this year’s Worldwide Cost of Living survey reveal that Singapore is the most expensive city in the world for the fifth consecutive year.The survey sees Asian hubs like Hong Kong and Sydney compete with European cities such as Paris, Zurich and Oslo at the top of the […]
Sri Lanka up four notches in World happiness ranking
Mar 15, 2018 (LBO) – Sri Lanka has moved up to 116 position with a score of 4.471 from 120 in the World Happiness Report 2018. The report ranks 156 countries by their happiness levels, and 117 countries by the happiness of their immigrants. The island was also ranked 43rd in the sub-category of best […]
South Asian University established by SAARC nations, announces admission
New Delhi: The South Asian University, established by the 8 SAARC nations including Sri Lanka, has announced its admission schedule to its Masters and PhD programmes for the ninth batch. The University has simplified the process of application, which can be done entirely online, for applicants from the SAARC region. Applicants will be required to […]
Sri Lanka looks to Japan for assistance in waste management
Mar 15, 2018 (LBO) – President Maithripala Sirisena, making an observation tour of modern waste management centre in Japan said he would inquire about such projects in order to solve the garbage disposal problem in Sri Lanka. President Sirisena said that he would also inquire into the possibility of obtaining assistance from Japan for such projects. […]
‘s restrictions on WhatsApp to be removed at midnight: Official
Mar 14, 2018 (LBO) – The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) said the ban on phone messaging application WhatsApp will be lifted at mid-night, Wednesday (14th). Austin Fernando, chairman of the Commission was quoted as saying that the ban effective from last Tuesday would be taken off later today. The government lifted the […]
Facebook officials to arrive Sri Lanka tomorrow
Mar 14, 2018 (LBO) – Officials from the American online social media and social networking service, Facebook to arrive Sri Lanka tomorrow for discussions, PM Ranil Wickremesinghe said. Prime Minister said on Wednesday that Facebook officials will have discussions on the recent restriction imposed on Facebook and the future direction on social media. “No one […]
Daily income of state telcos surged after social media blocked: President
Mar 14, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says daily income of state-owned telecommunication sector players have jumped significantly after restricting access to several social media sites. According to President, daily income of Sri Lanka Telecom and TRC alone has been increased by over 200 million rupees. “Officials from big foreign companies now […]
‘s Koggala EPZ earns USD122 Mn in 2017
Mar 14, 2018 (LBO) – The Board of Investment’s (BoI) Koggala Export Processing Zone (KgEPZ) contributed US 122 million dollars worth of exports earnings in 2017, emerging as a major economic centre in the South and an important contributor to the economy. The working population in the zone currently stands at 14,070 of which 80 percent […]
President visits Japan to strengthen trade ties
Mar 14, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena is presently engaged an official tour of Japan with the aim to further strengthening the long standing bilateral relations between the two nations.During this visit, the President is scheduled to meet Emperor Akihito and Empress Michiko.The President will also hold bilateral discussions with the Japanese […]
Sri Lanka to get USD100Mn from India for solar projects
Mar 14, 2018 (LBO) – The Indian government announced a Line of Credit for US 100 million dollars to finance solar power projects in Sri Lanka, during a visit of President Maithripala Sirisena to India, recently. The project includes development of 200,000 rooftop solar units for low income families (for US 50 million dollars) and setting up of […]