Category: Other
Group of Sri Lankans in UK protest against proposed constitution
A demonstration was held on the 16th of December, biting cold and freezing weather outside the Sri Lankan High Commission in UK by a group of Sri Lankans vehemently protesting against the proposed ‘federal’ constitution. The group complained that as per the wishes of the TNA and the countries like US, UK, EU and Canada, […]
Sri Lanka’s business leaders meet Finance Minister Ravi Karunanayake
Dec 30, 2016 (LBO) – Sri Lankan business personalities met Finance Minister Ravi Karunanayake at an intimate dinner event in Colombo recently organized by the Horton Debate Society. Minister Karunanayake explained the economic policies of the government, at the post-budget event, while members of the networking group were able to discuss some of the proposals […]
No disruption to service despite damage to one aircraft: Cinnamon Air
Cinnamon Air advises that one of its aircraft suffered damage to one of its amphibious floats whilst on the water at the Polgolla Reservoir in Kandy, on 22nd December 2016. The aircraft had landed and was taxiing to the dock at the reservoir when it encountered a submerged tree trunk which damaged one float. There […]
Foreign Minister attends groundbreaking ceremony of Havelock City Project
Minister of Foreign Affairs Hon. Mangala Samaraweera attended the Groundbreaking Ceremony and the Inauguration of the Havelock City Commercial Project as the Chief Guest on 28th December 2016. The Havelock City Commercial Development Project, an initiative undertaken by the same developers of the World Trade Center in Colombo, will comprise of an Office Tower providing […]
Sri Lanka’s JVP demands President reveals Hambantota port agreement
Dec 27, 2016 (LBO) – Sri Lanka’s Marxist JVP today insisted the President should reveal the Hambantota port agreement to the country before signing the agreement with China. Writing a letter to the President, JVP Parliamentarian and COPE Chairman Sunil Handunnetti said their party is strongly against what they called ‘selling’ the port which is […]
Sri Lanka tea sees good demand in November
Dec 22, 2016 (LBO) – Tea production for the month of November totaled 27.3M/kgs, a gain of 2M/kgs against 25.29M/kgs of November 2015, Forbes & Walker Tea Brokers said in a report. “There was good demand all around,” the report said. ‘Ex-Estate offerings totalled a 0.9M/kgs vis-à-vis 0.7M/kgs the previous week. Overall quality of Western’s […]
Finance Min releases Rs7 bn to farmers for Maha season
Dec 21, 2016 (LBO) – The Finance Ministry will release 7 billion rupees to paddy farmers as a fertilizer subsidy during the Maha cultivation season, the ministry said in a statement. “The Finance Ministry has released 5.5 billion rupees to the Agriculture Ministry to be distributed among the farmers to purchase fertilizer for the Maha […]
Janashakthi to offer enhanced benefits to full option policyholders
Janashakthi General Insurance Limited (Janashakthi) signed a Memorandum of Understanding (MoU) with Associated Motorways Ltd (AMW) to offer special value additions to Janashakthi Full Option policyholders. As part of the agreement, in the event of an accident, Janashakthi Full Option policyholders are able to have their vehicles repaired and attended to at any of the […]
Sri Lanka eyes bigger role for private sector: Oxford Business Group
Sri Lanka’s evolving trade and investment laws and their impact on FDI levels will be analysed in a report on the country by the global publishing firm Oxford Business Group (OBG). The Report: Sri Lanka 2017 will shine a spotlight on the Colombo Port City and Megapolis initiatives, which, together with other big-ticket projects, are […]
Sri Lanka & Italy renews driving license agreement for permanent residents
Sri Lankan Embassy in Rome together with the Ministry of Foreign Affairs in Rome, the Motor Traffic Department in Italy and Sri Lankan Motor Traffic authorities renewed the Bilateral Agreement for Mutual Recognition of Driving Licenses between Italy and Sri Lanka. The formal exchange of Notes took place on 14th December 2016 at the Ministry […]
Tokyo Cement starts pilot operations of new manufacturing plant
Tokyo Cement Company (Lanka) PLC commenced initial testing of a cutting-edge cement manufacturing plant in Trincomalee at a soft opening ceremony held on the 8th of December. The fully-automated, hi-tech plant is the company’s fourth mill and is slated to nearly double their production capacity when it begins commercial operations in February 2017. The cement […]
‘s agriculture exports
Dec 19, 2016 (LBO) – Reducing non-tariff barriers (NTBs) in Sri Lanka is a significant step towards realizing untapped export potential within agricultural sectors such as fruit, vegetables, seafood and floriculture, trade experts say. Reducing domestic NTBs is a relatively easy but significant step towards encouraging diversification, where high transaction costs have acute implications on […]