Category:
Sri Lanka blacklists 67 foreign recruitment agencies in 2017
July 03, 2017 (LBO) – The Sri Lanka Bureau of Foreign Employment has blacklisted licenses of 67 foreign recruitment agencies in the first half of this year. Lack of cooperation for dispute settlement, illegal recruitment, and preparing fake documents were among reasons to blacklist recruitment agencies. The bureau said in a statement that in 2016 […]
PTL Watch: Bond yields lower, buying in longer tenors
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/07/PTL-Daily-Market-Report-03rd-July-2017.pdf” title=”PTL Daily Market Report 03rd July 2017″]
GAAM: Stocks up 0.5pct for week, Rs1 bln foreign inflow
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Sri Lanka Eco Summit to discuss ‘Walking the Talk’ for Greener Growth
July 03, 2017 (LBO) – The Importance of Sri Lankan businesses aligning its growth plans with greener practices to help develop a ‘sustainable era,’ will be discussed at the upcoming Sri Lanka Economic Summit 2017. The topic will be discussed at a thematic session titled, ‘Realizing a Greener Growth Path – Walking the Talk’, with […]
Sri Lanka’s new revenue law to help credit profile: Moody’s
July 03, 2017 (LBO) – Sri Lanka’s new Inland Revenue Act will contribute to increasing the country’s very low level of government revenues, a key constraint on the sovereign credit profile, Moody’s said. Last month, the government made public a new income tax bill that will replace the existing law with a more efficient, modern […]
Japan provides Rs358 mln grant for public sector scholarships
July 03, 2017 (LBO) – The Japanese Grant Aid for Human Resources Development Scholarship (JDS) Programme has offered grant assistance of 358 million rupees to Sri Lanka for the year 2018 to provide 15 Scholarships. The system was introduced in Sri Lanka in 2010 by the Government of Japan in order to provide opportunities for […]
SMLS presents proposal for dengue patient management
July 03, 2017 (LBO) – Sri Lanka Society for Medical Laboratory Science (SMLS) has put forward a proposal for the dengue outbreak that relies on efficient management of laboratory services. There are about 140 species of mosquitoes found in Sri Lanka. Out of them Aedes Aegypti and Aedes Albopictus mosquitoes transmit the dengue virus to […]
Sri Lanka enters USD34mln financing for smallholder agribusiness
July 03, 2017 (LBO) – International Fund for Agricultural Development (IFAD) and the Government of Sri Lanka have signed a financial agreement for the implementation of the Smallholder Agribusiness Partnership (SAP) Program. The programme will provide a platform for 57,500 poor rural households to increase their income and food security by expanding livelihood and business […]
GSP Plus could add USD350 mln in export revenue, improve FDI: Min
July 03, 2017 (LBO) – GSP plus eligibility could add 350 million dollars in export revenue to Sri Lanka, while increasing potential for FDI, the minister for industry and commerce said. “The enhanced market access that Sri Lanka gets from EU GSP+ is very significant,” said Minister Rishad Bathiudeen. “In fact, according to the Department […]
Sri Lanka licensed banks to adopt minimum capital standards from July
Commencing 01 July 2017, licensed banks in Sri Lanka will adopt minimum capital standards based on the Direction issued by the Central Bank of Sri Lanka in late 2016. This Direction is in line with the Basel III guidelines issued by the Bank for International Settlements (BIS) related to capital, leverage and liquidity in order […]
Sri Lanka film festival in Seoul, South Korea
A Sri Lanka Film Festival was held in Seoul, Korea from 23rd June to 25th June, 2017 at CGV Myungdong Station Cine Library. Five contemporary internationally acclaimed Sri Lanka films were screened at the festival, which was well received by Korean movie lovers. The Film Festival was organized by the Sri Lanka Embassy in the […]
Sri Lanka’s first Marine Finfish Hatchery established in Batticaloa
Sri Lanka’s first Multi-Species Marine Finfish Hatchery was inaugurated in Tharmapuram, Batticaloa to facilitate the development of marine finfish farming, and produce sufficient amounts of marine fish to meet the demands of the national and international markets. The hatchery was ceremonially declared open by Minister of Fisheries and Aquatic Resources Development Hon. Mahinda Amaraweera. The […]