Category:
Labour cost not critical to attract multinationals: economist
Feb 08, 2016 (LBO) – Inter-country differences in labour cost do not seem to explain differences among developing countries in their success in joining global production networks, an economist said. Global production networks or GPN refer to interrelations among global firms specializing in different segments of a given product. These networks focus on vertically integrated […]
Pak – Sri Lanka – Maldives trilateral military exercise
Chief of Army Staff General Raheel Sharif visited National Counter Terrorism Training Centre, Pabbi and witnessed Pak – Sri Lanka – Maldives Trilateral Exercise “ Eagle Dash-I”, today. Two weeks long exercise was focused on counter terrorism operations and sharing of field combat experience of three Armed forces. Owing to the successes of Operation Zarb-e-Azb, […]
IMF urges Sri Lanka govt to narrow fiscal deficit
Feb 05, 2016 (LBO) – The International Monetary Fund urged the Sri Lankan government to narrow the fiscal deficit after a staff mission to Colombo this week to discuss economic developments. “The mission has advised the government to urgently make a stronger effort to narrow the fiscal deficit and put the public finances on a […]
Hambantota port to receive its largest cruise liner
Feb 06, 2016 (LBO) – Sri Lanka Ports Authority (SLPA) said that the Hambantota Port would receive the largest cruise ship to call at the port, MS Rotterdam, this Sunday. Measuring 238 m in length with 600 staff, MS Rotterdam is a luxury cruise ship from Netherlands. The ship will leave from Cochin harbor, Indian […]
Border protection remain in force says Australian Government
The Hon Peter Dutton MP Minister for Immigration and Border Protection MEDIA RELEASE 4 February 2016 AUSTRALIA’S BORDER PROTECTION MEASURES REMAIN IN FORCE The Australian Government’s tough border protection measures to stop illegal people smuggling and ensure the sovereignty of Australia’s borders remain in full force. The decision by the High Court of Australia means […]
JVP files complain over Sampoor Powerhouse Project
The Eastern People’s Voice and the JVP have filed a complaint at Human Rights Commission today regarding the violation of fundamental rights of people who have been distressed due to Sampoor Powerhouse Project. Political Bureau Member of the JVP K.D. Lal Kantha represented the JVP and the convener of Eastern People’s Voice Arun Hemachandra was […]
UN calls on UK, Sweden to end Assange’s deprivation of liberty
Feb 05, 2016 (LBO) – The United Nations Working Group on Arbitrary Detention said today that WikiLeaks founder Julian Assange has been arbitrarily detained by Sweden and the United Kingdom since his arrest in London on 7 December 2010, as a result of the legal action against him by both Governments. In a public statement, […]
Central Bank relaxed restrictions on remitting foreign currencies
Feb 05, 2016 (LBO) – The Central Bank has relaxed restrictions on remitting and transacting foreign currencies with immediate effect. With this new decision, foreign currencies can be remitted out of NRFC, RFC and RNNFC (Resident Non National Foreign Currency) accounts and FEEA (Foreign Exchange Earners’ Account) for any purpose and prior approval need not […]
Colombo Stock Exchange CDS partners with LankaPay
Feb 05, 2016 (LBO) – The Central Depository System (CDS), a fully owned subsidiary of the CSE, has partnered with LankaPay, the national payment network, to provide a fully-fledged digital experience to its settlement banks via the CDS – Digitalized Settlement Schedule Signing (DS3) online portal. This solution was enabled via LankaPay’s service arm, LankaSign, […]
PTL Watch: LKR20.7Bn accepted at Sri Lanka bond auction
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