Category: Featured
Singapore-SL FTA revenue protection not yet gazetted but published by Treasury
Aug 16, 2018 (LBO) – Department of Trade & Investment Policy has not yet published the extraordinary gazette pertaining to the revenue protection order which deals with the preferential rates applicable to the Singapore – Sri Lanka Free Trade Agreement. A preferential rate is leviable and payable under the Singapore – Sri Lanka Free Trade […]
Fitch maintains negative banking sector outlook for Sri Lanka in 2018
Aug 15, 2018 (LBO) – Fitch Ratings said it maintains a negative banking sector outlook for Sri Lanka as operating conditions remain challenging, which could put mild pressure on performance during the rest of 2018 and possibly 2019. The performance of Sri Lankan banks under Fitch’s coverage, however, remained fairly stable through 2017 and 1Q18, […]
Jaffna uniquely positioned for dual-hub IT strategy: STAX
Aug 14, 2018 (LBO) – Sri Lanka’s leading management consulting firm, STAX, recently launched a research report outlining a dual-hub IT strategy for Jaffna. In collaboration with Market Development Facility (MDF), STAX released this report with a view to fostering the region’s substantial potential for IT-related services in line with the national drive to develop […]
President appoints committee to study Sri Lanka – Singapore FTA
Aug 11, 2018 (LBO) – President Maithripala Sirisena has appointed an independent committee comprising of five experts to study and report on the Free Trade Agreement signed with Singapore. Former Vice Chancellor of the Colombo University, Professor W. D. Lakshman will chair this committee, media reports said, quoting President’s Media Division. Other members include Professor Sirimevan Colombage from […]
Sri Lanka is monitoring Singapore FTA to address any issue: Prime Minister
Aug 10, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe yesterday said that they are monitoring and reviewing the Singapore FTA to address issues. Speaking at an award ceremony held yesterday, Wickremesinghe emphasized that if Sri Lanka wants to go global, the country must have access to the global market. “Lots of people are […]
Opposition Leader post will not be changed: Speaker informs Parliament
Aug 10, 2018 (LBO) – Delivering the verdict of the Opposition Leadership, Speaker Karu Jayasuriya informed Parliament that there will be no change in the post. The verdict came after Dinesh Gunawardena’s request to appoint him as the Opposition Leader as they represent 70 seats in the parliamentary opposition. “Leader of the Opposition in our […]
Technical Cooperation Project from JICA for development of Kandy
Aug 10, 2018 (LBO) – The Urban Development Authority (UDA) of Sri Lanka and Japan International Cooperation Agency (JICA) have been working together since February 2017 to formulate the urban development vision, plan and design guidelines with the objective of realizing Kandy’s unique socio-economic potential while preserving its ancient heritage. An urban planning expert team from […]
Sri Lanka Tourism launches Airbnb Experiences to help boost tourism
Aug, 10, 2018 (LBO) – Airbnb and the Sri Lanka Tourism Development Authority (SLTDA), the national tourism ministry, Thursday announced a strategic partnership to launch Airbnb Experiences in Sri Lanka and drive local, authentic and sustainable tourism across the country. Through this Asia-first partnership, Airbnb and SLTDA will work together to onboard local experience hosts […]
Resume Writing Tips: Is a photograph a must on the Resume?
By Chathurika Jayawardana, Founder, Career Kit – Professional Resumes Including a photo doesn’t necessarily increase the probability of being called for an interview. It’s best to include one, only if the job advert requests one. In Sri Lanka, companies promoting equal opportunities don’t expect one. Most companies in Australia, USA & UK do not request […]
CB Governor says bank deposit and lending rates need to come down
Aug 08, 2018 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy expressed concern on the current deposit and lending rates of the banks. Speaking at a press briefing, Coomaraswamy said it is a matter of some concern because the deposit and lending rates are as rigid as they were in the past. “In fact […]
‘s T20 Cricket Tournament
Aug 06, 2018 (LBO) – Sri Lanka’s first ever T20 cricket tournament intended only for the daddies has been launched under the guidance of 1996 World Cup cricket team.Former captain Arjuna Ranatunga will be the advisor of this ‘My Dad My Superstar; Dad’s Cricket Tournament’ which will be comprised of 18 cricket teams including those who […]
Ceylon Motor Traders Association says they understand duty increase in small cars
Aug 03, 2018 (LBO) – Ceylon Motor Traders Association (CMTA) on Friday said they understand the Government’s policy decision taken recently to increase excise duties targeting the small motor cars segment. The Association said the excise duty structure that was proposed in the budget 2018 had a favorable differential for small motor cars which is likely […]