Category: Industry
’s with India
Feb 16, 2015 (LBO) – Sri Lanka and India signed four memorandum of understandings (MOU) between both countries, during the first official visit of President Sirisena to India after assumed duties, a report said. Sudharshan Seneviratne, High Commissioner of Sri Lanka in New Delhi and Ashish Bahuguna, Secretary, Department of Agriculture & Cooperation signed a […]
Sri Lanka to sign an agreement with India to wave off visa requirement for Diplomatic passport holders
Feb 13, 2015 (LBO) – Sri Lanka’s Cabinet of Ministers has approved the proposal made by the Minister John Amarathunga to sign an agreement with India to waive the requirement of obtaining of Visas for Sri Lanka and India by diplomatic passport holders and official travel documents. Sri Lanka’s President Maithripala Sirisena is to visit […]
Sri Lanka to return lands occupied by Military troops
Feb 12, 2015 (LBO) – Sri Lanka new administration is to return lands and buildings which occupied by the military troops in the time of Tamil tiger war for security reasons, a spokesman said today. The minister said the remaining 780 acres of land will also be used to resettle the people displaced by the […]
New Appointment
Feb 12, 2015 (LBO) – Sri Lanka’s Urban Development Authority (UDA) said Ranjith Fernando, a senior retired banker was appointed as the chairman of the authority. Nayana Nadeesha Mawilmada also been appointed as the new Director General of the Authority , the UDA said in a filing to stock exchange. The earlier office bearers had […]
Sri Lanka merchandise exports up 6.7-pct to US$11bn in 2014
Feb 10, 2015 (LBO) – Sri Lanka’s annual provisional merchandise exports increased by 6.67 percent to 11.079 billion rupees, Export Development board of Sri Lanka (EDB) said in a statement. Fisheries for the month of December 2014 up by 7.8 percent to 22.83 million rupees. Declines experienced by coconuts by eight percent to 40 million […]
’s real estate boom and property market outlook
Feb 09, 2015 (LBO) – Sri Lanka’s online property hunters seek houses than apartments despite the luxury apartment segment having a short term demand, country head of a leading real estate portal said. Globally founded on 2013, the property portal currently available in 32 countries across Asia, Africa, the Middle East and Latin America with […]
Custom Check
Jan 30, 2015 (LBO) – Sri Lanka™s Customs service will work round the clock in order to improve the service offered to the people and the improve island™s trade efficiency, Finance Minister Ravi Karunanayake said. The government expects around 50 billion rupee income from this measure. In an endeavor to improve the service offered to […]
India says it is time for trade expansion
Jan 28, 2015 (LBO) – India’s Deputy High Commissioner says with the political changes in Sri Lanka ,it’s high time for both countries to expand the trade from goods to investment and service exchanges. Indo-Sri Lanka relations have been historic and diverse and with the new changes in Sri Lanka, relations can move towards new […]
Sri Lanka to cancel the licenses of all duty free shops at BIA
Jan 21, 2015 (LBO) – Sri Lanka’s Minister of Aviation Faizer Mustapha has ordered to cancel the licenses of all duty free shops at the Bandaranaike International Airport (BIA) and Mattala airport, a media report said. The minister has asked the authorities to call for open tenders for duty free shop for both airports. There […]
Sri Lanka exporters urges removal of barriers to boost export
Jan 20, 2015 (LBO) – Sri Lanka’s Exporters’ Association said that it expects that the new government will take steps to eliminate some of the barriers and deficiencies the sector faces towards boosting exports. Releasing a statement, the apex body of exporters said that the association has continuously lobbied on several platforms and to relevant […]
SriLankan Airlines to reschedule flights and re-deploy capacity to gain USD 18mn
Jan 16, 2015 (LBO) – Sri Lanka’s national carrier SriLankan airlines has re-deployed its capacity and adjusted its scheduled operations to focus on more commercially sustainable services which translates to an annual bottom line improvement of approximately 18 million US dollars , the airline said in a statement. The airline will cut flights to the […]
’’s Yunnan Province for a corporate agreement
Jan 16, 2015 (LBO) – Sri Lanka’s Export Development Board (EDB) in talks with China’s Yunnan province for a corporate agreement to increase exports from the island, especially of high-value products, EDB said in a statement. We are currently preparing one of the strongest ever delegations to this year’s CSAE fair and we also positively […]