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No collateral needed to obtain enterprise loans up to 1.5 mn from state banks: Mangala
Sep 08, 2019 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera who is in Jaffna held a series of meetings under the enterprise Sri Lanka Exhibition. In the morning, he met the members of war widows and small and medium entrepreneurs associations at the Jaffna Kachcheri and held a separate meeting with the Ex-combatants. Secretary […]
Sri Lanka official reserves improve to USD 8.5 bn in August
Sep 06, 2019 (LBO) – Sri Lanka’s gross official reserves were 8,532.6 million US dollars by the end of August, up from 8,343.9 million US dollars in July, latest Central Bank data showed. By the end of August, foreign currency reserves were 7,494.7 million dollars while the reserve position in the IMF was 65.5 million […]
Opinion: An apolitical Karu Jayasuriya is an attractive presidential candidate
September 6, 2019 (LBO) – The polity is becoming fed up with politics. Citizens who cast their ballots in favour of the successful January 8th mandate are disillusioned, however they are not defeated. Although the mandate has not lived up to exceptions, citizens still yearn for good governance. This good governance movement has been damaged […]
Sri Lanka Singapore Business Council promotes Brand SL and showcases tech talent
SLSBC over the years has played the role of the catalyst to its members and other Sri Lankan corporates to promote bilateral trade between the two countries. This year, the SLSBC led a delegation of 31 Board level individuals from 26 local companies drawn from a multitude of industry sectors to explore opportunities. What was […]
SL and Australia to strengthen cooperation to counter people smuggling
Sep 06, 2019 (LBO) – Sri Lanka and Australia have re-dedicated themselves to counter people smuggling and discussed in detail avenues for strengthening cooperation to address the recent escalation of the number of people-smuggling ventures from Sri Lanka to Australia since May, 2019. Foreign Secretary Ravinatha Aryasinha expressed Sri Lanka’s fullest support to Australia in […]
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 […]
No liquor licenses issued to current parliamentarians: Finance Ministry
Sep 05, 2019 (LBO) – Sri Lanka’s Finance Ministry emphasizes that none of the current parliamentarians has been issued with liquor licenses. The ministry, however, states that liquor licenses were issued to the owners of hotels approved by the Tourist Board with the intention of developing tourism industry, even after 2015. There are currently 4,910 […]
Sri Lanka Tourism launches one-day license renewal service for service providers
Sep 05, 2019 (LBO) – As an initiative to facilitate the renewal of licenses much faster which is an annual requirement and to deliver enhanced satisfaction to the tourism service providers, SLTDA is now fully geared to issue renewals for accommodation and service providers in one day once the relevant documents for each category are […]
Sri Lanka tourist arrivals drop in Aug 2019: Europe picks up
Sep 05, 2019 (LBO) – The total number of international tourist arrivals to Sri Lanka during August 2019 was 143,587, a decline of 28.3 percent when compared with the same period last year. This month, the largest source market for tourists was India, followed by the United Kingdom and China. Almost 99 percent of tourists […]
Morison initiates second attempt to delist from Colombo Stock Exchange
Sep 04, 2019 (LBO) – The Board of Directors of Morison by way of a circular resolution dated yesterday, has resolved to initiate the delisting of the company’s fully paid voting shares and fully paid non-voting shares from the CSE. The company said in a stock exchange filing that the delisting will be subjected to […]
Easter Sunday bombings trigger downgrade for Colombo city in latest Global Liveability Index
Sep 04, 2019 (LBO) – The Easter Sunday bombings in Sri Lanka have triggered a downgrade for Colombo city in Global Liveability Index 2019, The Economist Intelligence Unit’s latest liveability survey showed. The findings of the survey added that the devastating terrorist attacks in New Zealand and Sri Lanka in the past year are a […]
Next President will be powerless, all powers will be with PM: President Sirisena
Sep 04, 2019 (LBO) – Sri Lanka’s President Maithripala Sirisena says that in accordance with the 19th amendment to the constitution, the next President will be powerless. Addressing the SLFP Convention to mark the 68th anniversary of the Party yesterday he said that the Defence Ministry too will be with the Prime Minister. “SLFP therefore, […]