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Financial assistance from Netherlands for construction of rural bridges
Two agreements were signed between the Government of Sri Lanka and Rabobank of the Netherlands amounting to EUR 70.7 million (Approximately Rs. 14.1 billion) for construction of rural bridges and Establishment of National Vocational Training Institute at Hingurakgoda, Polonnaruwa. The financing agreement was signed by Secretary to the Ministry of Finance, Dr. R. H. S. […]
LankaPay, JCB International announce commercial roll-out of National card scheme
Oct 16, 2019 (LBO) – LankaClear (Pvt) Limited, the operator of LankaPay, Sri Lanka’s National payment network, together with JCB International Co., Ltd. , the international operations subsidiary of JCB Co., Ltd., announced the commercial roll-out of National Card Scheme (NCS) programme of Sri Lanka, after successfully completing the pilot stage since the announcement of […]
Sri Lanka hosts first meeting of mangrove ecosystems and livelihood action group
Oct 16, 2019 (LBO) – The first meeting of the mangrove ecosystems and livelihood action group (MELAG) under the Commonwealth blue charter, was held recently in Negombo, Sri Lanka. During the Commonwealth Heads of Government meeting 2018 held in London, realizing the importance of mangroves, at a time when Sri Lanka is ranked as No. […]
Opinion: Palaly comes to life again
By Capt Elmo Jayawardena – 17 October Sri Lanka is scheduled to re-open the Palaly Airport as its third international aerodrome. There will be many who will applaud and give praise for the refurbishment and upgrading of the new airport, and there will be others who will criticise and curse the very thought of another […]
Hemasiri Fernando retires from Chairmanship of People’s Leasing & Finance
Oct 15, 2019 (LBO) – Former Defence Secretary, Hemasiri Fernando has retired from the office of People’s Leasing & Finance with effect from 12 October 2019. People’s Leasing & Finance said in a stock exchange filing that the Non-Executive Non-Independent Chairman and Director, Hemasiri Fernando had no relevant interest in the shares of the company […]
SL calls for integrated , balanced approach for prevention of drug use and abuse
Oct 15, 2019 (LBO) – Sri Lanka has called for an integrated and balanced approach in the prevention of drug use and abuse, noting that tackling this issue requires both the reduction in supply and demand, as well as combating trafficking in narcotic drugs and psychotropic substances as well as treatment and rehabilitation of drug users. […]
Ten books to check out at Big Bad Wolf
Reading calls for exciting times, especially when you know that the World’s Biggest Book Sale is back to Colombo, Sri Lanka for the third consecutive year and it’s just around the corner. Change is inevitable and this means that new things are foreseeable. This ideal is synonymous with the Big Bad Wolf Book Sale, which […]
SL should prepare implementable electricity generation plans: Nishan de Mel
Oct 15, 2019 (LBO) – Sri Lanka should prepare implementable and consistent electricity generation plans incorporating PESTAL factors, global trends and policy changes, without focusing only on the technical mix of the electricity generation, an economist said. “I think we misunderstand the problem of planning. We think that planning is simply an act of getting […]
SEC issues cautionary notice to public on investing in offshore companies
Oct 14, 2019 (LBO) – Sri Lanka’s Securities and Exchange Commission says that it has become aware of a growing number of unsolicited phone calls from persons claiming to be agents of international stock broker firms, offering to facilitate investment in shares of companies traded on offshore jurisdictions with a promise of guaranteed high returns. […]
Italian government to help Sri Lanka to build Solid Waste Power Plant
Oct 14, 2019 (LBO) – Italian ambassador to Sri Lanka, Rita Mannella says that the Italian government is ready to provide technical assistance and investment opportunities to generate electricity using the waste which is a growing issue in the country. The Ambassador said that Sri Lanka could face the growing demand for electricity in the […]
Sri Lanka assures support to further the global disarmament agenda
Oct 14, 2019 (LBO) – Foreign Secretary Ravinatha Aryasinha has assured the UN high representative on disarmament Izumi Nakamitsu of Sri Lanka’s practical support in New York, Geneva and Vienna in furthering the global disarmament agenda. The Foreign Secretary who was in New York leading the Sri Lanka delegation to the 74th Session of the UN General […]
Growth in SA slows down, Sri Lanka growth to soften to 2.7-pct in 2019: World Bank
Oct 14, 2019 (LBO) – Economic growth in Sri Lanka is expected to soften to 2.7 percent in 2019, says the World Bank in its twice-a-year regional economic update. Supported by recovering investment and exports, as the security challenges and political uncertainty of last year dissipate, Sri Lanka’s growth is , however, projected to reach […]