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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, […]
Condominium Mgmt Authority, National Gem & Jewellery Authority to share information with Financial Intel Unit
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into Memoranda of Understanding (MOUs) with Condominium Management Authority (CMA) and National Gem and Jewellery Authority (NGJA) on 28 August 2019 at the Central Bank of Sri Lanka with the […]
‘s constitutional reform in address to Maldivian legislature
September 3, 2019 (LBO) – Prime Minister Ranil Wickremesinghe is on an official visit to the Maldives where he has recently addressed the Maldivian Parliament. He will also chair the Indian Ocean Summit on his multi-day visit. In his address to the Maldivian Parliament, he cited the democratic achievements of his government with significant focus […]
American Chamber of Commerce in Sri Lanka calls upon Govt to approve MCC
Sep 03, 2019 (LBO) – The American Chamber of Commerce in Sri Lanka calls upon the Government to approve the Millenium Challenge Corporation (MCC) Compact, considering the advantageous impact the MCC will have on the country’s economy. Releasing a statement, the chamber urged the government to make this a priority before MCC’s Board of Directors […]
‘s Bank privatization rumour is baseless & politically motivated: Finance Ministry
Sep 03, 2019 (LBO) – Sri Lanka’s Government emphasizes that the proposed amendments to the People’s Bank Act never aims to privatize People’s Bank. According to the Finance Ministry, the only objectives are to increase the authorized share capital of the People’s Bank and to enable the Bank to issue debentures without the additional requirement […]
CSE to amend listing rules in improving public market access, IPO process
Sep 03, 2019 (LBO) – Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC), is proposing to revise the regulatory framework governing the initial listing of shares on the CSE. The exercise is aimed at broadening the CSE Listing Rules to complement Sri Lanka’s rapidly developing commercial landscape comprising of […]
Colombo District Land Price Index records 13.6-pct increase in 1H 2019
Sep 03, 2019 (LBO) – Land Price Index for Colombo District, compiled by the Central Bank has reached 132.2 during the 1st half of 2019, recording an increase of 13.6 percent compared to the 1st half of 2018. The three sub-indices of Land Price Index (LPI), namely Residential, Commercial and Industrial have contributed to this […]