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PM holds meetings with Branson, other investors
Jan 24, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe and government officials met several business leaders and heads of state on the sidelines of the World Economic Forum. Richard Branson of the Virgin group, Cyrus Mistry, chairman of the Tata Group, Kevin Sneader of McKinsey and Company and Jean-Philippe Courtois, President of Microsoft […]
SriLankan ranks second in Asia & Asia-Pacific for lowest carbon footprint
Press Release: SriLankan Airlines gained worldwide recognition for its pioneering efforts in environmental conservation when the prestigious Business Traveller magazine ranked it second among airlines in the Asia and Asia-Pacific region for having the lowest carbon footprint. The enormous region includes the Middle East, South Asia, the Far East and Asia-Pacific (Australasia), home to most […]
Korea EXIM Bank opens representative office in Sri Lanka
Jan 22, 2015 (LBO) – The Export-Import Bank of Korea, an official export credit agency of the Republic of Korea, announced Friday the opening of their representative office in Colombo. This new presence comes in response to increased bilateral ties between the governments of Korea and Sri Lanka, in trade, foreign direct investment, development assistance, […]
‘s People Summit 2016
Media release – Build your people to build your business: SLASSCOM People Summit 2016 Back for the sixth consecutive year, SLASSCOM’s People Summit 2016 aims to kick off your year by providing leaders at all levels with pioneering talent management insights and perspectives from renowned global leaders, as well as a prime networking and experience […]
PTL Watch: Foreign selling, 2021 bond up 5-10bp
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Central Bankers should have dual mandate, says author of HDR 2015
Jan 22, 2016 (LBO) – Central Bankers in the modern era should have a dual mandate which concentrate on employment targeting in addition to conventional inflation targeting, lead author of the 2015 Global Human Development Report said. Making the South Asian regional release yesterday in Colombo Selim Jahan stated that enhancing human development through work […]
Joint Opposition writes to Inter-Parliamentary Union in Switzerland
Jan 22, 2016 (LBO) – The Joint Opposition of the Parliament has sent a letter to Inter-Parliamentary Union seeking an opportunity to express their concerns on what they called jeopardy in smooth functioning of Sri Lanka’s Parliament. Among the issues they are to take up for discussion are the denial of opportunity for leaders of […]
Sri Lanka has perverse link between trade and budget deficit: Nishan de Mel
Jan 22, 2016 (LBO) – Sri Lanka’s economic policy is governed by political pressures which is evident in the perverse link between the trade deficit and the budget deficit, a top economist observed. Nishan de Mel of Verité Research says the inconsistency in government policies is the key underlying problem contributing to this issue. Trade […]
CHEC Port City refutes allegations by Sri Lanka state minister
Jan 22, 2016 (LBO) – CHEC Port City Colombo in a letter to Sujeewa Senasinghe, state minister of international trade, has refuted a public statement by him of corruption in the Colombo Port City deal. “The said statement attributed to you, which induces the reader to arrive at the irresistible conclusion that the project has […]
Cash rewards from Commercial Bank for bill payments via Mobile Banking
The Commercial Bank of Ceylon is to reward customers for usage of the Bank’s Mobile Banking facility, with Rs 1.5 million in cash prizes over the next three months. Customers already registered for Mobile Banking who pay a minimum of three utility bills such as Electricity, Water, Telephone and Pay TV a month to the […]
Sri Lanka to obtain membership of Asian Infrastructure Bank with USD 268mn
Jan 21, 2016 (LBO) – The Cabinet has approved the draft bill to enable Sri Lanka to obtain the formal membership of the Asian Infrastructure Investment Bank through ratification of the required agreement. Sri Lanka has signed the agreement as an initial member to establish this bank on 29 June 2015 in Beijing, China. 57 […]
Sri Lanka inflation NCPI at 4.2-pct in December 2015
Jan 21, 2016 (LBO) – Sri Lanka’s consumer prices rose 4.2 percent in the 12-months to December 2015 from a year earlier, data from the state statistics office showed. In November 2015, the index which is termed as National Consumer Price Index reported 4.8 percent inflation. Year on year inflation of Food Group has been […]