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Harsha salutes Dumindra Ratnayake, critical of his removal as BOI Chairman
October 25, 2018 (LBO) – State Minister of National Policies and Economic Affairs Dr. Harsha de Silva used a Facebook post to praise the former Chairman of the BOI Dumnidra Ratnayake, and criticise the way he was removed. The Facebook post is reproduced below: Thank you Dumi. The loss is certainly ours! This is to […]
Musical Chairs – Hemasiri Fernando to Chair the BOI
October 24, 2018 (LBO) – Presidents Chief of Staff and former People’s Bank Chairman Hemasiri Fernando will become the Chairman of Sri Lanka’s Board of Investment. Excerpts from his Bloomberg Executive Profile posted below: “Possessing diverse experience in varied genres, Mr. Fernando’s debut into the public sector was as Secretary to the Prime Minister.He later […]
Let us make this a starting point to double our revenue from tourism: PM
Oct 24, 2018 (LBO) – Sri Lanka should make Lonely Planet’s appreciation as a starting point to double the revenue from tourism, Prime Minister Ranil Wickremesinghe said. Delivering a special statement to the media on Wednesday, the premier said tourism has received a principal place in the country’s export economy since it can be one […]
‘s advisors? Rukman Senanayake should be one of them
October 21, 2018 (LBO) – The drama over the dissolution of the boards of directors of the Board of Investment (BOI), Bank of Ceylon (BOC), and Peoples Bank has led many to ask the question….Who are the President’s advisors? Whoever they are, their advice has resulted in simmering tensions with the UNP and its leader […]
‘s Bank
October 24, 2018 (LBO) – President Maithripala Sirisena has appointed long time public servant Sujatha Cooray as the Chairperson of People’s Bank according to a Newsfirst report.Cooray is a former Secretary to the Ministry of Ports and Highways. She has also served as Deputy Secretary to the Treasury.The new Chairperson has a Masters in Development Studies, […]
CBSL Deputy Governor C. J. P. Siriwardena appointed Commissioner General of Inland Revenue
October 23, 2018 (LBO) – Central Bank of Sri Lanka Deputy Governor Mr. C. P. J. Siriwardena has been appointed as Commissioner General of Inland Revenue by Finance Minister Mangala Samaraweera. The position is the top tax official in Sri Lanka and is one of the most important public sector appointments. His Bloomberg Executive Profile […]
Two weeks not enough to place EOIs for Hyatt and Hilton Hotels: Vasudeva
Oct 23, 2018 (LBO) – Sri Lanka’s government should extend the time period given to investors to place Expressions of Interests (EOIs) for the divestiture of Hyatt and Hilton Hotels, Parliamentarian Vasudeva Nanayakkara reiterated today. Nanayakkara who is a lawyer by profession said in a statement that real investors require time to get approvals from […]
Delegation from State Department observes US funded demining activities
A delegation from the U.S. Department of State’s Office of Weapons Removal and Abatement visited Sri Lanka from October 8 to 12, 2018 to observe U.S.-funded demining activities and meet with some of the beneficiaries of these projects. The projects are part of the nearly 600 million Sri Lankan rupees ($3.5 million) in assistance that […]
Ravi Abeysuriya appointed to Seylan Bank board as an Independent Director
October 23, 2018 (LBO) – Ravi Abeysuriya has been appointed to the board of directors of Seylan Bank with effect from October 17t, 2018 according to a stock exchange disclosure. Abeysuriya’s Bloomberg executive profile reproduced below: Mr. Ravi Abeysuriya, CFA, serves as the Chief Executive Officer of Heraymila Securities Limited. Mr. Abeysuriya served as Managing […]
‘s top 10 countries to visit in 2019
October 23, 2018 (LBO) – Sri Lanka has placed number one among the Lonely Planet’s top 10 countries to visit in 2019. According to Wikipedia, Lonely Planet is among the largest travel guide book publishers in the world. They have sold over 120 million books since inception (1972) and over 11 million of its travel […]
”’ defence conference
October 22, 2018 (LBO) – The annual ‘Galle Dialogue- 2018’ International Maritime Conference organized by the Sri Lanka Navy commenced at the Galle Face Hotel in Colombo, today.The President and Commander in -Chief of the Armed Forces HE Maithripala Sirisena graced the inaugural session of the conference as the Chief Guest, this morning. State Minister […]
Sri Lanka’s first national SME study calls for apex Commission & licensing agency
Sri Lanka’s first ever nation-wide study on the country’s SMEs recommend an apex SME Advisory Commission integrating the three top national SME institutions under one roof. It also recommends Sri Lanka’s first ever SME Industrial Zone, a national SME portal ‘e-platform’, and an SME-only licensing agency on the lines of BoI. “I wish to thank […]