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Dushni Weerakoon highlights critical role tax policies can play to spur economic growth
Dec 06, 2019 (LBO) – Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon this week highlighted the critical role tax policies can play in spurring economic growth of a country, specially a developing country. Addressing the 23rd Annual Oration on Taxation organized by the Institute of Chartered Accountants […]
HSBC and IUCN announce project for development of greener apparel industry
Dec 06, 2019 (LBO) – HSBC and International Union for Conservation of Nature (IUCN) Sri Lanka Country Office announced the launch of their project to crystalize a cohesive low carbon development transition strategy for the local apparel industry recently. The strategy will be developed in partnership with the Joint Apparel Association Forum of Sri Lanka […]
Sri Lanka bans import of spices, minor export crops for re-export
Dec 06, 2019 (LBO) – Sri Lanka’s Finance Ministry has prohibited the importation of spices and minor export crops for the purpose of re-export or re-export after minor processing. The Finance Ministry said in a statement that this restriction has been imposed as a measure to protect small export crop growers and SMEs. Accordingly, the […]
Central Bank to introduce new law regulating moneylenders
Dec 06, 2019 (LBO) – Sri Lanka’s Central Bank with the Ministry of Finance is currently in the process of drafting a new law for licensing, regulation and supervision of moneylenders and protection of customers. The Central Bank said in a statement that the said law is currently in the drafting process and is expected […]
Hambantota International Port reaches 1 million MT benchmark for 2019
Dec 05, 2019 (LBO) – The Hambantota International Port (HIP) has reached its 1 million MT benchmark for 2019 with volumes coming from RORO, Bulk and Liquid cargo sectors. The Hambantota International Port Group (Pvt) Ltd said in a statement that they had a busy week with 6 RORO ships calling at the port. These […]
Tourism, the Northern Province Game Changer
By Jekhan Aruliah Tourism is the single most game-changing opportunity for the North. Game changing because for those visitors with eyes to see and ears to hear it opens a wide window to all the other non-tourism opportunities in this province. As they enjoy the hospitality, the food, the sites and the scenery a few […]
CIM launches revised marketing qualifications syllabus for Sri Lankan marketers
Dec 05, 2019 (LBO) – The Chartered Institute of Marketing (CIM), has announced a new revised syllabus, which will support marketers across a wide range of roles from marketing assistant to marketing manager. This follows an extensive review of the qualifications on offer to bolster professional development for modern marketers in Sri Lanka ensuring they […]
Sri Lanka tourist arrivals down 9.5-pct in Nov 2019
Dec 05, 2019 (LBO) – Sri Lanka’s tourist arrivals were down 9.5 percent in November 2019 to 176,984 from 195,582 a year earlier, new data show. Sri Lanka Tourism Development Authority (SLTDA) said yesterday arrivals up to November was 1.672 million, down from 2.08 million or 19.6 percent from a year earlier. The island is […]
‘s Basel III subordinated debt final A-
Dec 05, 2019 (LBO) – Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures a final National Long-Term Rating of ‘A-(lka)’. The final rating is the same as the expected rating assigned on 14 March 2019 and follows the receipt of documents conforming to information already received other […]
Mitra Innovation Director talks 2019 accomplishments & future plans
Dec 04, 2019 (LBO) – Director and Head of Mitra Products, Bivendra Narangoda, said the Company’s Product Business Unit has had a phenomenal 2019 with an amazing YOY growth of 38 percent smashing its financial targets, while bagging some amazing clients across the UK, Europe, and Asian regions. “2019 has been a testing year for […]
Ceylon Chamber optimistic that recent tax revisions will stimulate growth
Dec 04, 2019 (LBO) – The Ceylon Chamber of Commerce says they are optimistic that the revisions in taxes and levies announced by the government will stimulate the economy. The slew of tax proposals put forward as part of the stimulus package will revive economic growth and activity in the short-term, the Chamber said in […]
Colombo Innovation Tower aims to connect industries with startups, knowledge experts
Dec 04, 2019 (LBO) – The recently opened Colombo Innovation Tower (CIT) aims to bring together players from across diverse industries and disciplines to connect industries with startups, students and international knowledge experts. With Academy of Design (AOD), the most forward design catalyst in the country with its wide international network built over the years, […]