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New trade policy can help to reduce anti-export bias: World Bank
July 05, 2017 (LBO) – Sri Lanka has grown rapidly in the past but the non-tradable drivers of such growth are unlikely to remain adequate for inclusive and sustainable growth in the coming decade, the World Bank says. The recently launched World Bank’s Sri Lanka Development Update says that given the context of continued weak external […]
French President Macron outlines ambitious five-year plan
July 05, 2017 (LBO) – France’s President Emmanuel Macron, in a rare joint session of the French Parliament at Versailles, outlined his five-year plan for the European nation Monday, touching on the public’s thirst for change and humane treatment of refugees. Macron stunned traditional parties on both the right and the left, running under the […]
Sri Lanka press council law hinders RTI implementation: report
July 05, 2017 (LBO) – Sri Lanka’s Press Council Law, which is not consistent with the Right to Information (RTI) Act, can hinder the media from publishing information obtained through RTI, a research report said. The report, a collaboration between Verité Research and Democracy Reporting International, highlights for instance that obtaining information pertaining to cabinet […]
PTL Watch: Sri Lanka bond yields head lower
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/07/PTL-Daily-Market-Report-04th-July-2017.pdf” title=”PTL Daily Market Report 04th July 2017″]
‘s ad-hoc tax changes
July 04, 2017 (LBO) – A Japanese business delegation has requested that Sri Lanka’s finance minister gives them at least six months notice prior to the enforcement of tax amendments, as it might have an adverse impact on exports. The request came during a meeting held at the Finance Ministry on Monday attended by the […]
CA Sri Lanka Students Society wins ACCA next gen challenge
The CA Students Society of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently won the Next Gen Challenge powered by ACCA and TV1. The CA Sri Lanka Students Society Team comprising of Mohamed Rifan, Jayashan Grero, Piyumi Dhananjana and Dihan Udugampola beat six other teams to win under the ‘other professional […]
Sri Lanka to conduct labour demand survey this month
July 04, 2017 (LBO) – Sri Lanka’s statistics office is to conduct a labour demand survey in the country this month to compile statistics that includes occupations with the largest amount of vacancies. Under this survey, a sample of 3,500 establishments or enterprises will be selected using appropriate sampling techniques. Information will be collected on […]
‘s Secy, Defense Secy & Eastern Province Governor sworn in
July 04, 2017 (LBO) – Veteran administrator Austin Fernando was sworn in as the new Secretary to the President before President Maithripala Sirisena Tuesday at the Presidential Secretariat. Kapila Waidyarathne and Lieutenant General Mahesh Senanayake were sworn in as the new Defense Secretary and the new Commander of Army respectively. Former Foreign Minister Rohitha Bogollagama […]
No reason for qualified hoteliers to look for jobs overseas: Amaratunga
July 04, 2017 (LBO) – Sri Lanka’s Minister of Tourism Development John Amaratunga says that there is no longer any reason for our qualified hoteliers to look for jobs overseas as their income will be greater if they stay here. “Today we have a serious issue with regard to manpower in the tourism and hospitality sectors. The […]
China boasts 100 tech unicorns and eight decacorns
July 04, 2017 (LBO) – China now boasts at least 100 tech companies worth over one billion dollars each, called unicorns, and eight companies valued at over 10 billion dollars each, called decacorns in the global tech industry. They include Ali Baba’s Ant Financial, ride-sharing giant Didi Chuxing, smartphone-maker Xiaomi and Tencent Music. According to […]
Sri Lanka launches FDI road map, reforms key: Prime Minister
July 04, 2017 (LBO) – Sri Lanka’s Prime Minister said that the island needs to fast track reforms as part of ambitious efforts to be ranked at least 70th in the ease of doing business rankings by 2020. The Premier Ranil Wickremesinghe, speaking at the launch of the road map on Investment Climate Reforms in […]
Germany to recruit Sri Lankans as geriatric care nurses
Secretary to the Ministry of Foreign Employment Mr. G.S. Withanage and Dr. Götz Schmidt-Bremme, Ambassador for the 2017-2018 GFMD Co-Chairmanship of Germany today (27th June 2017), signed a Joint Declaration of Intent on principles of fair recruitment of personnel for training as geriatric nurses in the Federal Republic of Germany. The signing ceremony took place […]