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‘s “Enterprise SL” exhibition goes to A’pura in July
Jul 15, 2019 (LBO) – The Finance Ministry’S “Enterprise Sri Lanka” exhibition will be held in Anuradhapura from July 24-27. This exhibition will be a platform for intended entrepreneurs to obtain the knowhow and share knowledge on the enterprise development. Arrangements have been made through the State and private banks and other relevant agencies to […]
”; outlook stable
July 12, 2019 (LBO) – Fitch Ratings Lanka has downgraded Bimputh Finance PLC’s National Long-Term Rating to ‘BB-(lka)’ from ‘BB(lka). The Outlook is Stable. The downgrade stems from a sharp deterioration in Bimputh’s capital position, which they believe is no longer commensurate with its high-risk appetite. This is due to the significant decline in asset […]
US Ambassador meets Plantation Industries Minister Navin Dissanayake
US Ambassador to Sri Lanka Alaina B. Teplitz met Minister of Plantation Industries Navin Dissanayake and State Minister of Plantation Industries Wadiwel Suresh, today at the Ministry premises in Sethsiripaya, Battaramulla. During the meeting, the status of Sri Lankan Tea in the US, its potential in the US market and the export situation of the […]
Sri Lanka’s possible fiscal slippage, main argument for not relaxing policy: CBSL Chief
July 12, 2019 (LBO) – Sri Lanka’s possible fiscal slippage is the main argument against relaxing monetary policy, the Central Bank Governor Indrajit Coomaraswamy said. Speaking to journalists in Colombo after the monthly monetary policy announcement, he said the government’s revenue has come down with increased expenditure, opening doors for a possible fiscal slippage. Monetary […]
Sri Lanka government survives no confidence vote
July 11, 2019 (LBO) – Sri Lanka’s government on Thursday survived a no-confidence vote in parliament after a majority of legislators voted to support the government. Accordingly, 92 members voted in favour of the motion and 119 voted against. Joint Opposition and SLFP voted for, UNF and TNA voted against. The Parliament on Wednesday began […]
Sri Lanka reserves improve to USD 8.9bn by end June; YTD rupee appreciation 4.1-pct
July 11, 2019 (LBO) – Sri Lanka’s gross official reserves have reached 8.9 billion US dollars by end June 2019, following the receipt of 2 billion US dollars from the issuance of ISBs, providing an import cover of 5.1 months, the Central Bank said. The successful issuance of the International Sovereign Bonds (ISBs) in June […]
Sri Lanka Central Bank maintains policy interest rates at current levels
July 11, 2019 (LBO) – Monetary Board of Sri Lanka’s Central Bank at its monetary policy meeting has decided to maintain policy interest rates at their current levels. “Considering the current and expected macroeconomic conditions, the Monetary Board was of the view that there is ample space for market lending rates to adjust downwards in […]
John Keells empowers skills development of over 9200 youth in 2018/19
(PRESS RELEASE) “When I came home with my poor O/L results, my father asked me what I would do with my life now? He actually gave up on me. It was my mother who stood by me, pushed me and supported me when I decided to apply for the John Keells Vocational Training Programme last […]
Ambassador of Sri Lanka to US Rodney Perera presents credentials to President Trump
July 11, 2019 (LBO) – Ambassador of Sri Lanka to the United States, Rodney M. Perera, presented his credentials to the President of the United States, Donald Trump, at the Oval Office of the White House on Monday. Ambassador Perera conveyed to President Trump the greetings and best wishes of the President, the Government and […]
No SOFA deal yet; MCC to be presented to Parliament after cabinet approval: PM
July 10, 2019 (LBO) – Sri Lanka’s government has not signed a new Status of Forces Agreement (SOFA) with the United States although discussions are ongoing about a new one, Prime Minister Ranil Wickremesinghe told Parliament Wednesday. Tabling the old SOFA documents in the Parliament, he said diplomatic privileges are already applies to US military […]
EU Counter-Terrorism Coordinator to visit Sri Lanka
July 10, 2019 (LBO) – European Union’s Counter-Terrorism Coordinator Gilles de Kerchove will visit Sri Lanka this week. The visits aim to support the two countries in their respective efforts to step up security and develop a better exchange of experiences. While in Sri Lanka, de Kerchove will meet high-level representatives of the government, the […]
Ceylon Chamber to hold discussion on constitutional powers of President post 19A
The Ceylon Chamber of Commerce will hold an informative discussion on the constitutional powers of the President post the 19th Amendment to the Constitution. The current President came into power on an election promise that the Executive Presidency would be abolished. On April 28th 2015, the 19th Amendment to the Constitution (19A) was enacted with […]