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Thai Tourism Chief to sign MoU promoting bilateral tourism during Sri Lanka visit
Jun 12, 2019 (LBO) – Governor of the Tourism Authority of Thailand accompanied by a group of outbound travel agents and journalists is to visit Sri Lanka shortly. The Tourism Ministry said the visit is to express solidarity with Sri Lanka and help revive the country’s tourism industry. Thailand’s Tourism Chief, Yuthasak Supasorn and delegation […]
Xuebing Sun assumes duties as new FAO Representative for Sri Lanka
Xuebing Sun presented his credentials to Mr. Tilak Marapana, Minister of Foreign Affairs of the Democratic Socialist Republic of Sri Lanka, as the new Representative of the Food and Agriculture Organization (FAO) in Sri Lanka, at the Ministry premises on Monday, 10th June. Mr. Sun is a Senior Environmental Economist by training with 32 years […]
Sri Lanka launches National Digital Roadmap
Jun 12, 2019 (LBO) – Sri Lanka Telecom yesterday marked a special milestone in the country’s digital journey towards SMART Sri Lanka with the launch of the National Digital Roadmap at the Nelum Pokuna Theatre, under the patronage of President Maithripala Sirisena. Also in attendance at the event was Telecommunication, Foreign Employment and Sports Minister […]
Ceylon Chamber organizes awareness session on exporting to US under GSP
The Ceylon Chamber will be organizing an awareness session on “Exporting to the United States under the Generalized System of Preferences: New Trends and Opportunities”. The U.S. is Sri Lanka’s largest single export destination, accounting for 26% of total exports in 2018. At present approximately 3500 products from Sri Lanka are eligible to access the […]
‘s opportunities for a free & open Indo-Pacific region
Jun 12, 2019 (LBO) – Secretary Pompeo’s Sri Lanka visit will be focused on to discuss promising opportunities for Sri Lanka based on shared commitments to a free and open Indo-Pacific region, the US State Department said. Secretary Pompeo will travel to India, Sri Lanka, Japan, and the Republic of Korea June 24-30 to broaden […]
Japanese investor reiterates confidence in Sri Lanka
Jun 12, 2019 (LBO) – President of Tosslec Co. Ltd, Kyoto, Japan Jitsuo Mikasa, a Japanese investor has reaffirmed that his company would continue to invest in Sri Lanka without any break or disruption. Tosslec Co. Ltd’s subsidiary Tos Lanka Co.(Pvt) Ltd has been in operation in the Biyagama Export Processing Zone since 1995 and […]
Employee group opposes alleged privatisation of profitable Litro Gas
Jun 12, 2019 (LBO) – The Litro Surakime Jathika Ekamuthuwa (LSJE) or Litro Surakeeme National Unity, a newly formed employee union, has intensified its agitation against the Finance Minister and other connected parties’ move to privatise Litro Gas Lanka Ltd. by filing a case in the Court of Appeal. The case was filed following a […]
Disregarded Failures of African Exploration
The exploration of Africa by the British is a level that has been told clip and again, ofttimes in irksome point. We suffer shelves wide-cut of biographies of noted explorers ilk David Livingstone and H Morton Stanley, on with myriad over-the-counter books on the matter. These tales of escapade constantly end in the hero’s victorious […]
Sri Lanka growth may come down to about 2.9-pct in 2019: Central Bank Chief
Jun 11, 2019 (LBO) – Sri Lanka’s economic growth adversely affected by Easter Sunday bombings is expected to slow to around 2.9 percent this year, the Central Bank Governor Indrajit Coomaraswamy revealed. The Central Bank, however, projected the economic growth for this year to be around 4 percent, at the beginning of the year. “The […]
Sri Lanka petrol price raised to Rs138 per ltr
Jun 11, 2019 (LBO) – Sri Lanka’s government will increased the price of 92 Octane petrol by three rupees to 138 rupees for a litre from midnight yesterday. The price revision was done under a pricing formula introduced by the Finance Ministry in 2018. Prices of three other fuels remained unchanged, according to a statement. […]
Sri Lanka Government signs Statement of Corporate Intent with 10 SOEs
Jun 11, 2019 (LBO) – Sri Lanka’s Government today signed the Statement of Corporate Intent (SCIs) with ten selected State-Owned Enterprises (SOEs) with the view of enhancing the performance of these SOEs. The Department of Public Enterprises (PED) introduced the concept of SCI in 2017 and the concept was approved by the Cabinet of Ministers […]
Mahaweli Coconut Plantations Ltd commences trading on CSE
On 3rd June 2019, the shares of Mahaweli Coconut Plantations Limited (MCPL) commenced trading on the Colombo Stock Exchange (CSE). MCPL is the first company to be listed on the CSE after a lapse of 15 months. MCPL was listed on the CSE through an Introduction which was managed by Merchant Bank of Sri Lanka […]