Category: Other
Exporters say suspension of SVAT disincentive to exports
The EASL, whilst understanding the current state of the economy, find this budget is more of a corrective nature. It does not address the need to progress the export industry. Aspect such as improving standards of education, encouraging the growth of competitiveness of SMEs, aiming to attract FDIs and setting up a system under PPP […]
Sri Lanka’s Dialog Axiata forms subsidiary for BPO services
Nov 23, 2016 (LBO) – Sri Lanka’s Dialog Axiata has formed a wholly owned subsidiary for the purpose of providing Business Process Outsourcing (BPO) services including Call Centre services. Dialog Axiata said in a stock exchange filing that the new company has been formed under the name of Dialog Business Services (Private) Limited (DBS) on […]
Former President Mahinda Rajapaksa to visit China tomorrow
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Trump says will quit Pacific trade deal on day one of presidency
Nov 22, 2016 (Reuters) – U.S. President-elect Donald Trump released a video on Monday laying out actions he will take on his first day in office on Jan. 20, including withdrawing the United States from a Trans-Pacific Partnership trade deal. Trump also said he would issue a rule cutting government regulations, direct the Labor Department […]
Japanese partnership extends beyond trade & tourism: President SLJBCC
“Japan is one of Sri Lanka’s closest friends with a relationship that has prevailed for centuries and has stood the test of time amidst changing international and domestic political circumstances. In recent years Sri Lanka’s economic partnership with Japan has developed extending beyond trade and tourism. What needs to be done now is to take […]
Sri Lanka’s Tourism Festival to dazzle Colombo
With the festive season just around the corner elaborate plans are being made to transform the city of Colombo in to a Tourism Wonderland from the 20th to the 23rd of December this year. Sri Lanka Tourism under the guidance of the Ministry of Tourism Development and Christian Religious Affairs is planning the second edition […]
Huawei GR5 2017 launched in Sri Lanka – first in region
Huawei, the fastest growing smartphone brand in Sri Lanka, together with Singer Sri Lanka, launched the all new Huawei GR5 2017 at a ceremonious unveiling at the Singer Lifestyle Festival in Colombo. The launch event was graced by Huawei Sri Lanka CEO Shunli Wang, Huawei Device Sri Lanka General Manager Kalpa Perera, Singer Sri Lanka […]
Fitch rates National Insurance Trust Fund AA-(lka) Stable
Fitch Ratings has assigned Sri Lanka-based National Insurance Trust Fund Board (NITF) a National Insurer Financial Strength Rating (IFS) and National Long Term Rating of ‘AA-(lka)’. The Outlook is Stable. NITF’s ratings reflect strong ties with the government of Sri Lanka (B+/Negative), a strong business profile as the only reinsurer in the country, high capitalisation […]
Seylan Bank adds Factoring to portfolio of services
Nov 21, 2016 (LBO) – Seylan Bank says it has added Factoring to its portfolio of services offering a wider choice of working capital financing options. This service is available for any type of business ranging from SMEs, corporate as well as start-ups, the bank said in a statement. Factoring allows generating cash flow without […]
‘s Budget 2017 second reading passed in Parliament
Budget 2017 second reading passed a short while ago with 162 for the motion, 55 against and 7 absent.
Supreme Court upholds right to sing National Anthem in Tamil
Nov 18, 2016 (LBO) – A fundamental rights case challenging the legality of playing the National Anthem in the Tamil language at the Independence Day celebration on February 4, 2016 has been dismissed by the Supreme Court. Lawyer Mahanama De Silva, for petitioners V. S. Sudath Perera, M. P. Asiri Soysa and G. A. Don […]
Sri Lanka & American universities cooperate on innovation, entrepreneurship
Top American engineering and science universities shared strategies for developing technology incubators and technology transfer offices with Sri Lankan university, government, and business leaders as part of the U.S. commitment to helping Sri Lanka develop a diversified, modern economy that can attract foreign and domestic investment. “Sri Lanka is well-positioned to become a technology hub […]