Category:
’s President visits India
Feb 15, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena is to leave for India today as his first official foreign visit after assumed office in January. President will also attend religious observances at Bodh Gaya Temple and Tirupati Hindu Temple. In a telephone conversation with Priseident Sirisena on 13th Friday, Indian Prime Minister Narendra […]
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 attract Indian investments
Feb 13, 2015 (LBO) – Sri Lanka’s new administration plans to attract Indian Investments in to the Indian Ocean Island, and to develop strong relationship with India with the proposed visit of President Sirisena’s to India in mid – February. We have only got loans with high interest under the previous regime but not investments, […]
Sri Lanka Aitken Spence December 2014 net down 19-pct
Feb 12, 2015 (LBO) – Profits at Sri Lanka’s Aitken Spence group fell 19 percent to 869 million rupees in the December 2014 quarter, interim accounts showed.The group reported earnings of 2.14 rupees per share for the quarter.For the nine months to December 2014, the firm reported earnings of 5.41 rupees per share on profits […]
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 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 […]
Sri Lanka Treasury bill yields up
Feb 11, 2015 (LBO) – Sri Lanka’s Treasury bill yields moved up on Wednesday’s auction with the 12-month yield increased to 6.10 percent, data from the state debt office showed. 6-month yield was also moved up to 5.98 percent from 5.90 percent in last week and 5,355 million rupees were accepted from 9.430 million rupees. […]
‘s BOI companies not exempted from the super gain taxation: Government
Feb 11, 2015 (LBO) – Sri Lanka’s projects approved under the board of investment law will have to pay the one-off super gain tax, a government minister said.“We have to charge them also. They never paid taxes.†said, Dr. Harsha de Silva, deputy minister of policy planning and economic affairs. Silva speaking at a local […]
Sri Lanka to appoint committee to inquire land issue in North: Media Report
Feb 10, 2015 (LBO) – Sri Lanka’s new administration to appoint a committee in order to commence the programme of releasing lands in the North back to civilians, a media report said quoting the State Minister for Defence Ruwan Wijewardene in Vavuniya. This decision was taken on a directive of the President Siresena. The report […]
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 […]
Warning
Feb 09, 2015 (LBO) – Sri Lanka warns the errant traders who hasn’t given recent budgetary relief to the consumers and has instructed the Consumers Affairs Authority (CAA) to ˜move fast’ on such issues, the ministry of Industry and Commerce said in the media release. I have received a number of complaints from the consumers […]
’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 […]