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Sri Lanka wins “Best Folklore Performance Award” at Seoul tourism fair
The Embassy of Sri Lanka in Republic of Korea in association with the Sri Lanka Tourism Promotion Bureau (SLTPB) organized Sri Lanka’s pavilion at the Seoul International Tourism Industry Fair (SITIF) in the COEX exhibition center in Seoul from 06 to 09 June2019. All the major tourist destinations in Asia, Middle East, Europe, and Africa […]
Ambassador Rohan Perera pays farewell call on UN Secretary General
Jun 20, 2019 (LBO) – Permanent Representative of Sri Lanka to the United Nations in New York, Rohan Perera paid a farewell call on the UN Secretary General, Antònio Guterres on Tuesday, as he concludes his term as Sri Lanka’s Permanent Representative to the United Nations. During the farewell call, the Secretary General took the […]
Sri Lanka GDP accelarates to 3.7-pct in Q1 2019
June 20, 2019 (LBO) – Sri Lanka’s economic growth rate is estimated as 3.7 percent for the first quarter of 2019, data from the state statistics office show. The Gross Domestic Product (GDP) at constant (20 I0) prices for the first quarter of 2019 recorded as 2,326,273 million rupees and GOP reported for the first […]
Sri Lanka CB launch roadmap for sustainable finance
Jun 20, 2019 (LBO) – The Central Bank launched the roadmap for sustainable finance in Sri Lanka and hosted a high-level seminar for senior officers of financial institutions and stakeholders, recently. This was the national launch of the roadmap for sustainable finance which was unveiled globally in April 2019 at the sustainable banking network global […]
Sri Lanka to raise up to Rs 480bn debt under Active Liability Management Act
Jun 19, 2019 (LBO) – Cabinet nod has been received to move a resolution in Parliament to raise up to 480 billion rupees under the provisions of the Active Liability Management Act. Accordingly, taking into consideration the Public Debt maturity structure during the period from 2020 to 2029, the Central Bank has recommended to raise […]
Secretary Pompeo unable to visit Sri Lanka during upcoming travel to region: US Embassy
Jun 19, 2019 (LBO) – Due to unavoidable scheduling conflicts during his upcoming visit to the Indo-Pacific region that includes accompanying US President to the G20 Summit in Japan, Secretary Pompeo is unable to visit Sri Lanka as previously announced, the US Embassy in Colombo said. US Embassy in Colombo in a statement said that […]
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Jun 19, 2019 (LBO) – Fitch Ratings has assigned SriLankan Airlines Limited’s (SLA) proposed issue of US dollar government-guaranteed bonds an expected rating of ‘B(EXP)’. The proceeds of the issuance will be used to refinance the company’s 175 million dollars bond due 27 June 2019. The final rating is contingent upon the receipt of final […]
Ambassador-designate of Sri Lanka to United States, Rodney Perera assumes duties
Ambassador – designate of Sri Lanka to the United States of America, Rodney Perera assumed duties at the Embassy of Sri Lanka in Washington DC on 17th June 2019. Prior to appointment as the Ambassador to the US, Ambassador Perera was Sri Lanka’s Ambassador to Belgium, Luxembourg and the European Union. Upon arrival at the […]
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Jun 19, 2019 (LBO) – US President Donald Trump formally launched his 2020 reelection campaign Tuesday in Florida vowing to maintain his ‘America First’ policy. He railed against illegal immigration and promised mass deportations and pledged to negotiate a winning trade deal with China, or walk away altogether. “We just completed the deal with South […]
Sri Lanka’s real estate and construction industries continue stoically, post Easter Attack
(PRESS RELEASE) – Sri Lanka’s construction sector which ranks as the 5th highest in the nations GDP earnings, after Services, Manufacturing, Agriculture and Utilities continues unhindered. The sector reports continued interest from local and international buyers who believe “Sri Lanka will bounce back”, from the recent Easter Sunday attacks that took place on April 21 […]
Advocata commends Government’s decision to shut down SaluSala
Jun 19, 2019 (LBO) – Advocata Institute commends President Maithripala Sirisena’s directive to shut down the loss-making, state-owned handloom enterprise Salu Sala. While we commend this decision, we are also anticipating the official gazette enacting this statement. The SaluSala, now a white elephant to society, was once the only state textile trading enterprise in the […]
Fin Min tells Parliament that Q1 2019 growth will rebound to 3.5-pct
Jun 19, 2019 (LBO) – Sri Lanka’s economic growth has increased to 3.5 percent of gross domestic product in the first quarter of 2019, Finance Minister Mangala Samaraweera told parliament. “Our Government took the real growth to the villages.The economy in the first quarter grew at 3.5 percent against 1.8 percent last quarter of 2018, which […]