Category:
Sri Lanka foreign reserves up 3-pct in June
July 07, 2017 (LBO) – Sri Lanka’s official foreign reserves climbed three percent (USD193.9mn) to 6.9 billion dollars in June, official Central Bank data showed. Foreign currency reserves were 5.99 billion dollars and reserves in gold were 0.89 billion dollars. Central Bank’s Treasury bill holdings were down from 214. 35 billion rupees in May to […]
Mannar identified for major tourism development: Ministry
The Ministry of Tourism Development has identified Mannar District for major tourism infrastructure development projects. Already over Rs. 40 million has been spent on making the beach areas tourist friendly and many other projects are being planned in order to make the district the main hub for tourism in the region. During a discussion between […]
Death sentence for killer of journalist Mel Gunasekera
July 05, 2017 (LBO) – Sri Lanka passed the death sentence against the accused in the murder case of journalist Mel Gunasekera at the Colombo High Court on Wednesday. Rs. 17.5 Billion) was signed on 7th of July 2017 between the Government of Sri Lanka and Japan International Cooperation Agency (JICA) for rehabilitation of essential […]
Sri Lanka launches hotline for garbage collection in Colombo
July 05, 2017 – Sri Lanka’s Provincial Councils and Local Government Ministry has launched a hotline for people to make complaints about garbage collection in the Colombo Municipal area. The ministry has set up a special unit called the “National Task Force for Management of Waste” which will be manned by the tri-forces and an […]
New trade policy can help to reduce anti-export bias: World Bank
July 05, 2017 (LBO) – Sri Lanka has grown rapidly in the past but the non-tradable drivers of such growth are unlikely to remain adequate for inclusive and sustainable growth in the coming decade, the World Bank says. The recently launched World Bank’s Sri Lanka Development Update says that given the context of continued weak external […]
French President Macron outlines ambitious five-year plan
July 05, 2017 (LBO) – France’s President Emmanuel Macron, in a rare joint session of the French Parliament at Versailles, outlined his five-year plan for the European nation Monday, touching on the public’s thirst for change and humane treatment of refugees. Macron stunned traditional parties on both the right and the left, running under the […]
Sri Lanka press council law hinders RTI implementation: report
July 05, 2017 (LBO) – Sri Lanka’s Press Council Law, which is not consistent with the Right to Information (RTI) Act, can hinder the media from publishing information obtained through RTI, a research report said. The report, a collaboration between Verité Research and Democracy Reporting International, highlights for instance that obtaining information pertaining to cabinet […]
PTL Watch: Sri Lanka bond yields head lower
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/07/PTL-Daily-Market-Report-04th-July-2017.pdf” title=”PTL Daily Market Report 04th July 2017″]
‘s ad-hoc tax changes
July 04, 2017 (LBO) – A Japanese business delegation has requested that Sri Lanka’s finance minister gives them at least six months notice prior to the enforcement of tax amendments, as it might have an adverse impact on exports. The request came during a meeting held at the Finance Ministry on Monday attended by the […]
CA Sri Lanka Students Society wins ACCA next gen challenge
The CA Students Society of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently won the Next Gen Challenge powered by ACCA and TV1. The CA Sri Lanka Students Society Team comprising of Mohamed Rifan, Jayashan Grero, Piyumi Dhananjana and Dihan Udugampola beat six other teams to win under the ‘other professional […]
Sri Lanka to conduct labour demand survey this month
July 04, 2017 (LBO) – Sri Lanka’s statistics office is to conduct a labour demand survey in the country this month to compile statistics that includes occupations with the largest amount of vacancies. Under this survey, a sample of 3,500 establishments or enterprises will be selected using appropriate sampling techniques. Information will be collected on […]
‘s Secy, Defense Secy & Eastern Province Governor sworn in
July 04, 2017 (LBO) – Veteran administrator Austin Fernando was sworn in as the new Secretary to the President before President Maithripala Sirisena Tuesday at the Presidential Secretariat. Kapila Waidyarathne and Lieutenant General Mahesh Senanayake were sworn in as the new Defense Secretary and the new Commander of Army respectively. Former Foreign Minister Rohitha Bogollagama […]