Category: Featured
Sri Lanka must enhance fiscal income to offset narrowing external drains: Fin Min
Mar 19, 2018 (LBO) – Sri Lanka’s Finance minister says the island must optimize utilizing local resources with a well-managed and efficient tax system as a pro-growth catalyst. My contention is that the new Inland Revenue Act will bring a paradigm shift to taxation in this country that is in line with our policy of […]
Marapana, Amunugama & Faiszer to represent Sri Lanka at UNHRC
Mar 19, 2018 (LBO) – Sri Lanka’s delegation to the 37th session of the UNHRC will include Foreign Minister Tilak Marapana, Special Assignments Minister Sarath Amunugama and Local Government Minister Faiszer Musthapha.The Foreign Ministry said Minister Marapana will lead the delegation, that includes officials from the Foreign Ministry, the AG Department, the Secretariat for Coordinating […]
Sri Lanka official reserves rebound to USD7.9bn in February
Mar 16, 2018 (LBO) – Sri Lanka’s gross official reserves have improved to 7,914.33 million US dollars by the end of February from 7,672.75 million dollars in January, official Central Bank data showed. Reserves improved to 7,952.58 million dollars by the end of last year but reduced in January. Foreign currency reserves were 6,894.42 million […]
Sri Lanka lifts ban on Facebook
Mar 15, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed the Telecommunications Regulatory Commission to lift the ban on popular social media site Facebook, immediately. “On my instructions, my secretary has discussed with officials of Facebook, who have agreed that its platform will not be used for spreading hate speech and inciting violence,” the […]
Singapore remains world’s most expensive city in 2018
Mar 15, 2018 (LBO) – The results of this year’s Worldwide Cost of Living survey reveal that Singapore is the most expensive city in the world for the fifth consecutive year.The survey sees Asian hubs like Hong Kong and Sydney compete with European cities such as Paris, Zurich and Oslo at the top of the […]
Sri Lanka up four notches in World happiness ranking
Mar 15, 2018 (LBO) – Sri Lanka has moved up to 116 position with a score of 4.471 from 120 in the World Happiness Report 2018. The report ranks 156 countries by their happiness levels, and 117 countries by the happiness of their immigrants. The island was also ranked 43rd in the sub-category of best […]
Facebook officials to arrive Sri Lanka tomorrow
Mar 14, 2018 (LBO) – Officials from the American online social media and social networking service, Facebook to arrive Sri Lanka tomorrow for discussions, PM Ranil Wickremesinghe said. Prime Minister said on Wednesday that Facebook officials will have discussions on the recent restriction imposed on Facebook and the future direction on social media. “No one […]
Daily income of state telcos surged after social media blocked: President
Mar 14, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says daily income of state-owned telecommunication sector players have jumped significantly after restricting access to several social media sites. According to President, daily income of Sri Lanka Telecom and TRC alone has been increased by over 200 million rupees. “Officials from big foreign companies now […]
President visits Japan to strengthen trade ties
Mar 14, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena is presently engaged an official tour of Japan with the aim to further strengthening the long standing bilateral relations between the two nations.During this visit, the President is scheduled to meet Emperor Akihito and Empress Michiko.The President will also hold bilateral discussions with the Japanese […]
LinkedIn to ban users engage in hate speech
Mar 12, 2018 (LBO) – Business and employment oriented social networking service LinkedIn has decided to refresh their community policies to make sure it stays a platform where people act professionally. As per the new professional community policies, harassment and hate speech are not welcome on LinkedIn and could result in permanent restriction of service. […]
Opinion: Northern poverty and poor health reduced by lessons from wartime foraging
By Jekhan Aruliah The British author Charles Dickens created a character, Mr.Micawber, who was permanently in debt. Translated into a Sri Lankan context, Micawber famously made the point: “Daily income Rs1,000, daily expenditure Rs990, result Happiness. Daily income Rs1,000, daily expenditure Rs1,010, result Misery”. Simply put, Micawber said if your income is more than your […]
Solar Alliance will create a greener, cleaner, healthy world: President
Mar 12, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena expressed confidence that the International Solar Alliance (ISA) would showcase the power of the countries involved to bring about solutions to create a greener, cleaner and a healthy environment for people of this world.Addressing the Founding Conference of the ISA Summit in New Delhi today […]