Category: Policy
Sri Lanka’s President should ask the COPE report on CB Bond: Former COPE Chairman
July 3, 2015 (LBO) – Sri Lanka’s President Sirisena should read the COPE report on the much talked bond scam and take actions if necessary, former Chairman of the inquiry committee DEW Gunasekera said.“If President wants he can get a copy of this report from the secretary of the parliament and see whether there is […]
Joint Business Chambers urges political parties to nominate candidates of repute for elections
July 02, 2015 (LBO) – Sri Lanka’s Joint Business Chambers calls political parties to nominate candidates of repute for upcoming general election and endorse the ‘March 12th Declaration” an initiative of PAFFREL and the ‘Citizens’ Collective’, which identifies a set of minimum criteria that the political parties should use, in selecting candidates for all future […]
Sri Lanka’s inflation at record low of 0.1-pct in June 2015
June 30, 2015 (LBO) – Sri Lanka’s inflation measured by Colombo Consumer Price Index has fallen to 0.1 percent in June 2015 from a year earlier, data from the statistics department showed. The index increased by 1.0 percent in the month to close at 181.6 points, after gaining from 0.7 percent in May 2015. The […]
Sri Lanka’s govt targets a USD 6000 per capita income within next five years – President
June 30, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena was quoted saying that the government expects to increase per capita income to 6000 US dollars, within next five years and comprehensive development will be formed in every field including investments and industries to achieve this. President Sirisena has made this comments while he was […]
Sri Lanka keeps key policy rates steady, credit to private sector grows in April
June 29, 2015 (LBO) – Sri Lanka’s Central Bank has decided to maintain its standing deposit facility rate and the standing lending facility rate unchanged at 6.00 percent and 7.50 percent, respectively. The Central Bank’s monetary board at its meeting held on 26 June 2015 has also decided to keep statutory reserve ratio stable at 6.00 […]
“Government job is not to defend its human rights record but to defend human rights”
June 26, 2015 (LBO) – Sri Lanka’s foreign policy should have preventive diplomacy approach addressing concerns with human rights and prevent those becoming foreign policy issues, Governor of Northern Province said. “Some of the foreign policy challenges including concerns with human rights issues also remain,” G S Palihakkara, Governor of Northern province said. “These could […]
SEC considers introducing a mandatory rating for stock broking firms : SEC Head
June 24, 2015 (LBO) – Sri Lanka’s Security Exchange Commission says that it is looking at possibilities of introducing a mandatory rating for stock broking firms in the island.“Stock broking companies perform an important role in the capital market by facilitating trades for investors,” Thilak Karunaratne, Chairman of SEC said. “In the recent past the […]
Key public enterprises should be managed through an independent authority: Minister
June 23, 2015 (LBO) – Sri Lanka’s Power and Energy Minister Champika Ranawaka says that the CPC, CEB, Port and Airport should be managed through an independent authority.“Key public enterprises, namely, Ceylon Petroleum Corporation, Ceylon Electricity Board, Port and Airport should be run through an independent authority,” “However this proposal has not got the required […]
Ravi challenges MR again, asks for debate
June 18, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake challenged former Finance Minister and President Mahinda Rajapakse again to come for a debate on the national economy and financial policies.“I challenged former President Mahinda Rajapakse to debate to talk about the economy and what they did to the country at a public forum […]
Sri Lanka State Sector Workers Need Training To Improve Efficiency: Eran
June 5, 2015 (LBO) – Sri Lanka’s state sector employees need training to provide a more efficient and professional service to the public, which will be a top priority of the government, Deputy Minister of Highways, Higher Education and Investment Promotion, Eran Wickramaratne told LBO.“Sri Lanka expects a highly professional and efficient public service. So […]
Sri Lanka to face challenges in debt financing through global capital markets: Razeen Sally
May 21, 2015 (LBO) – Sri Lanka capital markets will have to face a tough time ahead in debt financing through global capital markets, an economist said.Razeen Sally an Associate Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore speaking at the 62nd LBR LBO CEO forum held Wednesday pointed […]
‘s tertiary education sector needs more private investments: Economist
May 19, 2015 (LBO) – Sri Lanka’s public sector dominated education sector needs more private investments coming in through local or foreign channels to bridge the tertiary education gap, a senior economist said.“Sri Lanka will have to seriously consider bringing in the private sector to bridge tertiary education gap in the country with the new […]