Category: Featured
Sri Lanka BoI targets 35 projects with Rs.46.4Bn in investments in the North
Sept 03, 2018 (LBO) – The Northern Province has benefited from investment as a result of the efforts of the Board of Investment of Sri Lanka. Among the BOI investments there are currently 6 apparel manufacturers which represent an investment of 8,000 million rupees and employ 7,917 workers. Another 15 projects in different sectors are […]
Leveraging trade-investment nexus will enable Sri Lanka create high value jobs: Fin Min
Sept 03, 2018 (LBO) – Leveraging the trade-investment nexus will enable Sri Lanka to create high value jobs and attract technology to drive productivity growth and real wage growth for citizens, the Finance Minister says. “In addition to enabling market access, it is also essential to address the supply side bottlenecks for investors,” Mangala Samaraweera, […]
‘s petroleum data next week
Aug 31, 2018 (LBO) – Research vessel BGP Pioneer, sailing under the flag of Panama is to commence seismic data acquisition for exploring Sri Lanka’s prospects for petroleum resources in selected offshore areas of the island. The vessel is expected to call Colombo Port on Saturday and the operations are scheduled to be commenced ceremonially on […]
UN expert to report Sri Lanka’s debt & its impact on human rights to UNHRC
Aug 30, 2018 (LBO) – United Nations Independent Expert on foreign debt and human rights, Juan Pablo Bohoslavsky, will conduct an official visit to Sri Lanka from 3 to 11 September, at the invitation of the Government. “My visit aims at collecting first-hand information and examine questions related to debt and other financial obligations from […]
Opinion: Pulling back the curtain on privatization of Sri Lanka’s plantation sector
Dr. Romesh Bandaranaike shares his unique perspective of Sri Lanka’s plantations With the fate of Sri Lanka’s plantation industry continuing to remain as a hot-button issue of debate in the media, numerous views have been aired on the rationale behind the privatization of state plantations in 1992. In order to clarify the facts regarding privatization […]
US hands over a cutter to Sri Lanka making it the largest in SL Navy fleet
Aug 29, 2018 (LBO) – United States Coast Guard on Monday handed over a high endurance cutter, formerly the USCGC Sherman, to the Sri Lankan Navy in a ceremony.The ceremony presided over by Vice Admiral Sirimevan Ranasinghe, Commander of the Sri Lankan Navy, and Rear Admiral Michael Haycock of the US Coast Guard.The cutter, a […]
SriLankan Airlines increases capacity between Colombo and Singapore
Aug 29, 2018 (LBO) – SriLankan Airlines said it is expanding the capacity on the Colombo-Singapore-Colombo route with the introduction of wide-bodied Airbus A330 aircraft that are equipped with the latest in-flight entertainment systems, luxurious seating and onboard cuisine. Effective 29th October 2018, SriLankan Airlines will increase frequencies to 21 flights per week from the […]
‘s Santani Resort named in Time magazines 100 ‘World’s Greatest Places’
Aug 29, 2018 (LBO) – Sri Lanka’s Santani Resort, has been named in the Time magazines 100 ‘World’s Greatest Places’. “We have received unprecedented international recognition since opening the hotel a year and a half ago, but to be featured on “World’s Greatest” list by TIME is really a great honour,” Vickum Nawagamuwage, Founder/Chief Executive, Santani said. […]
Sri Lanka to receive BIMSTEC Chairmanship; President to lead Sri Lanka delegation
Aug 28, 2018 (LBO) – President Maithripala Sirisena will lead the Sri Lanka Delegation to the 4th Summit of the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC), which will be held from 30-31 August 2018 in Kathmandu. Ministry of Foreign Affairs said at the conclusion of the Summit, the Chairmanship of BIMSTEC […]
Japanese State Minister for Foreign Affairs to visit Sri Lanka, Pakistan this week
Aug 28, 2018 (LBO) – State Minister for Foreign Affairs of Japan, Kazuyuki Nakane will visit Sri Lanka and Pakistan this week, few days after Japanese Defense Minister visited Sri Lanka. The recent visit by Japanese Defense Minister Itsunori Onodera to India and Sri Lanka showed the increasing focus on these countries on the part […]
Financial Intelligence Unit enters into MoU with Insurance Regulatory Commission
Aug 28, 2018 (LBO) – In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Insurance Regulatory Commission of Sri Lanka (IRCSL) on August 01, 2018 at the Central Bank of Sri […]
Sri Lanka official reserves at USD9.3Bn : Rupee depreciated by 5.0-pct by Aug 2018
Aug 28, 2018 (LBO) – The Central Bank of Sri Lanka said reflecting developments in the domestic and global foreign exchange markets, the Sri Lankan rupee depreciated by 5.0 percent during the year up to 27 August 2018 against the US dollar. Furthermore, reflecting cross currency movements, the Sri Lankan rupee depreciated against the euro, […]