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US Ambassador Atul Keshap visits eastern province
U.S. Ambassador Atul Keshap visited the Eastern Province this week to commemorate a milestone in U.S.-supported demining efforts and to attend the groundbreaking ceremony at a school to construct facilities to help communities displaced by natural disasters. During the visit, Ambassador Keshap also met leaders and activists working on post-conflict reconciliation and accountability issues. Ambassador […]
PM to head committee on UNHRC recommendations
June 22, 2017 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe will head a special committee to oversee implementation of United Nations Human Rights Council recommendations agreed on in 2015. “Cabinet approved to appoint a committee of ministers chaired by the Prime Minister Wickremesinghe together with officials to assist the main committee in this regard,” […]
‘s IFC to sell Sri Lanka rupee bonds
June 22, 2017 (LBO) – Sri Lanka’s government has approved a proposal to establish an offshore Sri Lankan Rupee (LKR) Bond Programme by the International Finance Corporation, a statement said. The program is beneficial to Sri Lanka, and the Cabinet Committee on Economic Management has recommended its implementation, the most recently approved cabinet decisions statement […]
Political commitment needed for sustainable tourism: Amaratunga
June 22, 2017 (LBO) – The importance of political commitment for sustainable tourism goals, as well as the tools to measure sustainability, was highlighted during an international tourism conference that commenced in Manila, Philippines Wednesday. Minister of Tourism Development and Christian Religious Affairs John Amaratunga, representing Sri Lanka at the 6th International Conference on Tourism […]
Opinion: Why an anti-Muslim Sri Lankan Buddhist monk is being let off the hook every time
By P.K.Balachandran The anti-Muslim Sri Lankan Buddhist monk, Ven. Galagoda Aththe Gnanasara Thera, General Secretary of the Bodu Bala Sena (BBS), has several serious cases against him relating to hate speech, blasphemy against the Quran, instigation of violence, and contempt of court. And yet, he has been evading arrest for long periods, and when arrested, […]
Sri Lanka inflation slows to 7.1-pct in May 2017
June 22, 2017 (LBO) – Sri Lanka’s inflation according to the National Consumer Price Index (NCPI) was down to 7.1 percent in May 2017 from 8.4 percent in April, the Census and Statistics Department said. The NCPI for all items for the month of May 2017 was 121.8, an increase of 0.8 index points or […]
Sri Lanka to postpone SVAT abolition till end 2017
June 22, 2017 (LBO) – Sri Lanka’s cabinet approval has been granted to postpone the abolition of SVAT system until the end of this year. Accordingly, the SVAT abolition will take effect from 01 January 2018 after the necessary legislation is passed through Parliament. This decision has been taken in order to give sufficient time […]
Sri Lanka to abolish import control fee for tea
June 21, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to abolish the import control license fee for imported tea in line with 2017 budget proposals. There has been a significant debate on the issue of importing cheaper leaves for blending and re-export, over fears of damaging Ceylon Tea brand. Some tea exporters […]
Improved Swedish interest in Sri Lanka imports after GSP+
An increased interest to import products from Sri Lanka to Sweden has been noticed since the GSP+ came in to function. This was confirmed on Tuesday 20th June during a well-attended breakfast seminar in Stockholm at the premises of the Swedish National Board of Trade. The seminar was organised by the Sri Lankan Embassy in […]
Central Bank expected to keep key rates unchanged: First Capital
June 21, 2017 (LBO) – The Central Bank of Sri Lanka is expected to keep key interest rates unchanged in its monthly monetary policy announcement on Friday, with slower first quarter growth and a deceleration in inflation contributing to the decision, First Capital Research said in a pre-policy research note. GDP growth for the first […]
Jayathma Wickramanayake of Sri Lanka appointed as UNSG’s Envoy on Youth
(PRESS RELEASE) – United Nations Secretary-General’s office announced today (20th June) that Secretary General António Guterres has appointed Jayathma Wickramanayake of Sri Lanka as his next Envoy on Youth. She will succeed Ahmad Alhendawi of Jordan. Wickramanayake will succeed Ahmad Alhendawi of Jordan to whom the Secretary-General is grateful for his dedicated service in addressing […]
Huawei becomes Official Smartphone Partner of Sri Lanka Cricket Team
(PRESS RELEASE) – Huawei, the leading smartphone brand in Sri Lanka has entered into a partnership with Sri Lanka Cricket (SLC) as the Official Smartphone Partner for the Sri Lanka Cricket Team. The Smartphone Sponsorship of the National Team comprises of both men’s and women’s cricket teams across all forms of the game spanning Test, […]