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Singapore Foreign Minister Dr. Vivian Balakrishnan to visit Sri Lanka
The Minister for Foreign Affairs of Singapore Dr. Vivian Balakrishnan will undertake an official visit to Sri Lanka from 17-21 July 2017. Minister Balakrishnan is expected to call on President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe and Leader of the Opposition R. Sampanthan during his visit. The Foreign Minister will meet Foreign Affairs Minister Ravi […]
IMF completes second review, to disburse USD167.2 mln
July 18, 2017 (LBO) – The Executive Board of the International Monetary Fund (IMF) has completed the second review of Sri Lanka’s economic performance under the program supported by a three-year Extended Fund Facility (EFF) arrangement, a statement said. “Completion of the review enables the disbursement of the equivalent of SDR 119. 894 million (about […]
New revenue Bill should be implemented from April 2018: Ceylon Chamber
July 17, 2017 (LBO) – Ceylon Chamber of Commerce says it is their view that the new Inland Revenue Bill, once enacted, should ideally be implemented from 1st April 2018. The chamber says it will give a longer transitional period for both the tax payer and the Department of Inland Revenue to become fully conversant […]
GAAM: ASPI up 0.4 pct for week, foreign inflow Rs760 mln
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/07/Weekly-Report-GAAM-14-07-2017.pdf” title=”Weekly Report GAAM 14 07 2017″]
Hayleys Advantis to expand Maldives operations with two landing craft
Press Release: Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the range of services offered by their subsidiary, Total Transport Solutions Maldives (Pvt) Limited (TTS). These landing craft will allow TTS to actively participate in discharging cargo midstream and make deliveries […]
“Midnight Badaginnata” Night Kade by Waters Edge
“Night Kade” by Waters Edge is the latest addition to the waterfront hotel’s truly international food offering. This one is purely for the satisfaction of those who crave Sri Lankan street food at the wee hours of the morning. Open from 12midnight to 5am Friday and Saturday and till 4am on all other days, the […]
Neville Fernando hospital handed over to government
July 17, 2017 (LBO) – Dr Neville Fernando on Monday signed an agreement to hand over the Neville Fernando hospital to the government. As per the agreement, the Dr Neville Fernando Sri Lanka – Russia Friendship Hospital in Malabe will be administered independently by a board of directors from August. The decision was taken following […]
LAUGFS to set up cylinder manufacturing plant in Bangladesh
July 17, 2017 (LBO) – LAUGFS Gas Bangladesh, part of the diversified Sri Lankan multinational LAUGFS Holdings, said it is planning to set up a cylinder manufacturing plant in Bangladesh. LAUGFS Gas Bangladesh currently operates a world-class LPG import, bottling and distribution facility in Mongla Port, the company said. It serves domestic and industrial segments […]
Sri Lanka prepares for 7th session of FTA talks with China
July 17, 2017 (LBO) – Sri Lanka is preparing for a seventh session of talks with China on a Free Trade Agreement, the Ministry of Industry and Commerce said. Minister Rishad Bathiudeen, speaking at the product exhibition by China’s Guangxi Zuang Autonomous Region at SLECC in Colombo, said FTA talks with China were progressing smoothly. […]
Bangladesh’s first ever FTA will be with Sri Lanka later this year
By P.K. Balachandran Bangladesh’s first-ever FTA will be with Sri Lanka and that is expected to signed by year end, Bangladesh’s Foreign Secretary Mohmmad Shahidul Haque told the media in Dhaka on Friday. “Prime Minister Sheikh Hasina and President Maithripala Sirisena decided to sign the deal in 2017 and asked that negotiations and studies be […]
Torture in Sri Lanka among “worst in the world,” says UN Special Rapporteur
By P.K. Balachandran Torture of persons in custody under the Prevention of Terrorism Act (PTA) in Sri Lanka is on an “industrial scale” and is “among the worst in the world”, the UN Special Rapporteur on torture and counter-terrorism, Ben Emmerson said here on Friday. Briefing the media here after a four-day tour of Sri […]
Sri Lanka secures immediate rice stock from Pakistan, Myanmar
The four man Lankan team of officials that flew to Pakistan and Myanmar to select rice tranche, has returned to Colombo today July 14 morning-and reports tale of a government to government level success. No less than 55000 MT rice has been made available to Sri Lanka immediately by both Pakistan and Myanmar. Minister of […]