Category:
President’s pledges to women, a review
Jan 08, 2016 (LBO) – Sri Lanka’s government needs to address several important issues in order to achieve significant progress in honoring the pledges made by President to women, Verité Research said in a report. The report offers an insight into the actionable promises made by President Maithripala Sirisena through ‘A New Sri Lanka for […]
Sri Lanka stocks close down 0.7-pct
Jan 07, 2016 (LBO) – Sri Lankan stocks closed down at 0.72 percent for a fifth consecutive day with continued losses in the banking and some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower at 48.99 points at 6,726.28 down 0.72 percent. S&P SL20 closed 32.04 points down at […]
Norway pledges support for recently resettled communities in Sri Lanka
Jan 08, 2016, (LBO) – The Government of Norway and UNDP Sri Lanka are partnering to improve access to justice and livelihood opportunities of the recently resettled communities in the Jaffna District, a statement said. Country Director of the United Nations Development Programme [UNDP] in Sri Lanka, Joern Soerensen and Ambassador of Norway to Sri […]
UN Secretary General congratulates President of Sri Lanka
The Secretary-General congratulates the President of Sri Lanka, H.E. Maithripala Sirisena, and the Government and the people of Sri Lanka on the first year of the country’s political transition. He is encouraged by the Government’s commitment to a broad reform agenda that aims to realise durable peace, stability and prosperity for the Sri Lankan people. […]
PTL Watch: Yields tick up, buying in the 2041 bond
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Tell the President …
“Tell the President” an initiative to fast-track provision of solutions to civic issues, launched today under the patronage of President Maithripala Sirisena. https://www.facebook.com/events/1279383688754044/
Sri Lanka can’t continue as low income country: PM
Jan 08, 2015 (LBO) – Sri Lanka should take note of global economic conditions and its own shortcomings which will enable the island to become a high income nation in the region, Prime Minister Ranil Wickramasinghe said. “Sri Lanka has a unique chance to go on a unique journey after the end of a decade’s […]
Stiglitz outlines carbon, inelastic, land, congestion taxes at economic forum
Jan 08, 2016 (LBO) – Renowned economist Joseph Stiglitz, speaking at the Sri Lanka Economic Forum, explained some of the ways the government could raise tax revenue by taxing environmental pollution, inelastic goods, land, consumption and road congestion. “What is the best way to increase tax revenue?” the nobel laureate asked a packed forum of […]
‘s BOI gets new DG
Jan 08, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed Duminda Ariyasinghe, as its new Director General, a statement said. Ariyasinghe, who joined the BOI in 2005 has specialized in Investment Promotion, Investment Appraisal, Project Implementation and Monitoring/After-care functions. He has managed Strategic Development Projects with large FDI such as the Shangri-La […]
Emerging Asia leverage, capital outflows constrain policy space: Fitch
Jan 08, 2015 (LBO) – Emerging Asia’s private consumption has remained resilient in the face of weaker external demand but investment has slowed down more substantially, particularly in the private sector, Fitch ratings said. The full statement follows Fitch Ratings-Hong Kong-07 January 2016: Fitch Ratings says Emerging Asia’s (EM Asia) private consumption has remained resilient in the […]
Every single day is a lost day, PM declares
Jan 07, 2016 (LBO) – Speaking to a packed house of corporate leaders, government officials, ministers, civil society leaders, diplomats and visiting economists, Sri Lanka’s Prime Minister Ranil Wickremesinghe underscored the need for urgent action to move the nation forward, in response to a question posed by Harvard University’s Professor Ricardo Haussmann. Previously in his […]
SriLankan Airlines bids goodbye to its Airbus A340s after 21 years
SriLankan Airlines, the first Asian airline to operate the four-engine Airbus A340 aircraft, will bid goodbye to the last of its A340s after more than two decades in service, with a final commercial flight today, (January 7, 2016). SriLankan introduced the A340 on 1st September 1994, at the time when it was the most sophisticated […]