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Sri Lanka’s cabinet approves signing FTA with Singapore
Jan 17, 2018 (LBO) – Sri Lanka’s Cabinet has approved a proposal to sign the proposed Free Trade Agreement between Sri Lanka and Singapore. The proposed Free Trade Agreement consists of provisions regarding trade in goods and services, service liberalization, investments and public procurement. Following the proposal put forward by International Trade Minister Malik Samarawickrama, […]
Sri Lanka mine clearing reaches its final 25 square kilometers
* Landmines have been cleared in approximately 135.4 square kilometers in the North and the East from 2002 to 2017. Mine clearing in the remaining 25.5 square kilometers is in progress. Opening Statement by Sri Lanka at the Review of the 5th & 6th Periodic Reports of Sri Lanka to the Convention on the Rights […]
Emirates special fares 2018
(PRESS RELEASE) – Emirates is making it even more attractive for travellers from Sri Lanka to enjoy new destinations and experiences in 2018. For a limited time, travellers can avail of special offers on Economy and Business class fares to a wide range of cities across the globe. Bookings have to be made between 16th […]
Indian govt to develop KKS harbour at a cost of USD 45Mn
Jan 16, 2018 (LBO) – The Government of India will rehabilitate and upgrade the Kankesanthurai (KKS) Harbour as a commercial port at a cost of US 45.27 million dollars, the Finance Ministry said in a statement. The project will be financed through a line of credit from the Export-Import Bank of India (Exim Bank). Preliminary Hydrographic survey geo-technical investigation, preparation of detail […]
Sri Lanka – India to co-operate in IT and electronics fields
Jan 16, 2018 (LBO) – India’s Minister of Law and Justice and Electronics and Information Technology, Ravi Shankar Prasad signed a co-operation deal in IT and electronics with Sri Lankan counterpart, Harin Fernando, Minister of Telecommunication and Digital Infrastructure.The new Memorandum of Understanding will be a Joint Declaration of Intent for a pilot project on E-Office suite […]
LG Election 2018 : An interview with Duminda Attygalle, UNP candidate
An Interview with Duminda Attygalle, UNP Candidate for the Colombo Municipal Council – Cinnamon Gardens Ward What makes you want to go into politics? I draw inspiration from my late grand uncle, Upali Wijewardene. Upali Seeya founded the Upali Group and Chaired the Greater Colombo Economic Commission (BOI’s predecessor), but was always principled and helpful […]
Sri Lanka eyes hosting an Investment Round Table with World Economic Forum
Minister of Development Strategies and International Trade Malik Samarawickrama during a two day visit to Geneva recently met with Mr. Børge Brende, President of the World Economic Forum (WEF) and senior officials engaged in areas relating to Sri Lanka. The visit of the Minister took place as a continuation of Sri Lanka’s engagement with the […]
Strengthening Sri Lankan SMEs in exports vital for development: Eran
Jan 15, 2018 (LBO) – Sri Lanka’s plans to increase the contribution made by smaller-scale businesses to exports and lift foreign direct investment (FDI) in 2018 were both topics of conversation at a meeting held recently between Eran Wickramaratne, state minister of finance, and a team from Oxford Business Group (OBG). During the talks, Wickramaratne […]
Economic Outlook 2018 Seminar: Takeaways to Expect
The 2018 Sri Lanka Economic outlook, the first of its kind for this year to feature policymakers, global experts and sector perspectives, is to be held on the 22nd of January at the Ceylon Chamber of Commerce. With Road Map 2018 released by the Central Bank of Sri Lanka (CBSL), setting the stage, this seminar […]
CMPort pays 2nd tranche of USD97.3mn in Hambantota Port investment
China Merchant Port Holdings (CMPort) made the payment of US$ 97.365million to the Sri Lanka Ports Authority (SLPA) as the second tranche of its investment in the Public-Private Partnership (PPP). The payment, recently in January, takes the total paid by CMPort to date to US$ 389.462 million. The final payment is paid within six months […]
Term of office for Sri Lanka’s President is five years: Supreme Court
Jan 15, 2018 (LBO) – Supreme Court has informed President Maithripala Sirisena that the duration of his term of office is five years, President’s Media Division said. Last week, President sought determination from the Supreme Court on the duration of his term of office. As per the 18th amendment to the constitution, a President was […]
Sri Lanka seeks to modify performance criteria; EFF broadly on track: IMF
Jan 12, 2018 (LBO) – Sri Lanka’s performance under the Extended Fund Facility (EFF) program has remained broadly on track despite a series of weather-related supply shocks, the IMF said. Following the Executive Board’s discussion of the third EFF review, Mitsuhiro Furusawa, Acting Chair and Deputy Managing Director of IMF, said country’s fiscal performance has […]