Category: Special Reports
Finance Ministry has no legal authority to sign MCC: Bar Association of Sri Lanka
Nov 05, 2019 (LBO) – Bar Association of Sri Lanka (BASL) says that the Finance Ministry has no legal authority to sign the MCC Agreement which contains many more matters other than a simple agreement to borrow money from the lender. According to BASL, the proposed agreement goes much beyond a simple loan or grant […]
New network member logo introduced for qualified chartered accountants
Nov 04, 2019 (LBO) – CA Sri Lanka applauded Chartered Accountants Worldwide (CAW) for building international recognition of the Chartered Accounting qualification through the launch of an exclusive network member logo. Exclusively available to over 750,000 qualified chartered accountants who are members of one or more of the 14 institutes which form Chartered Accountants Worldwide, […]
USD50mn from Saudi Fund for new Medical Faculty in Sabaragamuwa University
Sep 18, 2019 (LBO) – Saudi Fund for Development (SFD) has agreed to provide a concessional loan amounting to Saudi Riyal 187.5 Million (USD 50 mn) to establish a Medical Faculty in the University of Sabaragamuwa. The Finance Ministry said in a statement that the balance 20.46 million dollars will be borne by the government. […]
Job Interview Tips: To Ease the Tension
By Chathurika Jayawardana, Founder, Career Kit Facing an interview can be quite stressful if you are a newbie in the battle of job hunting. Your heart beats so hard that you can hear it out loud while waiting outside the interview room! We’ve prepared this ‘INTERVIEW EMERGENCY KIT’ to help ease the tension at the […]
IMF removes age limit for the position of Managing Director
Sep 06, 2019 (LBO) – The Board of Governors of the IMF has approved the proposal by the Executive Board to remove the age limit for the position of IMF Managing Director. Approval of the proposal required a simple majority of the votes cast, with a minimum participation requirement of a majority of Governors holding […]
Special hotline 1913 for public complaints on illegal liquor
Aug 18, 2019 (LBO) – Sri Lanka’s Excise Department will launch a special four-digit hotline 1913 from tomorrow to receive public complaints on illegal Liquor. This round the clock 24-hour hotline will receive confidential complaints about illegal manufacturing of liquor in any part of the country. According to Commissioner General of Excise Department, transporting and […]
Sri Lanka imposes ban on selling imported liquor without foolproof sticker
July 30, 2019 (LBO) – Excise Department has banned the sale of all brands of imported liquor without the new foolproof sticker introduced recently by the Department. Accordingly, the possession, transportation, storing and the sale of imported liquor is illegal unless this new sticker is affixed on containers of foreign liquor. The Excise Notice No: […]
Foreign Minister clarifies appointments for UN Special Rapporteur
Special Statement by Tilak Marapana, Minister of Foreign Affairs in Parliament – 25.07.19 It has been brought to my notice that last Tuesday (23 July) and Wednesday (24 July) several Members of the Parliament have brought up the issue of the visit of the Special Rapporteur on the freedom of assembly and of association, Mr. […]
IMF downgrades global growth to 3.2-pct in 2019
Jul 25, 2019 (LBO) – The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next, a statement said. It predicts growth of 3.2 percent in 2019, down from its April forecast of 3.3 percent while next year it is set to pick up to 3.5 percent […]
YMBA Independent Movement forms national agenda; calls for one law for all Sri Lankans
July 20, 2019 (LBO) – An Independent National Movement led by the Colombo YMBA, after deliberations, have come up with a four-point national agenda capturing all issues presently tearing the country apart. Addressing the Diplomatic Community yesterday, General Secretary of Colombo YMBA, Mahendra Jayasekara detailed the four points. Address to the Diplomatic Community on ‘One […]
JICA extends JPY 263mn grant for Sri Lanka public sector development
July 18, 2019 (LBO) – Japan International Cooperation Agency on Wednesday extended a grant agreement under JDS amounting to 263 million Japanese Yen (Rs 420mn) for young government officers to undergo studies in top Japanese universities in their selected professions. The signing of the present grant agreement will enable 17 fellows to undergo Masters and […]
EU offers EUR 8.5mn for Sri Lanka to focus on counter-narratives, online radicalisation
July 15, 2019 (LBO) – The European Union (EU) and Sri Lanka held on Monday an informal counterterrorism dialogue, chaired on the EU side by EU Counterterrorism Coordinator Gilles De Kerchove, accompanied by EEAS Head of Division for Counterterrorism John Gatt-Rutter, and on the Sri Lankan side by Acting Secretary of Foreign Affairs, Ahmed A. […]