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No reason for qualified hoteliers to look for jobs overseas: Amaratunga
July 04, 2017 (LBO) – Sri Lanka’s Minister of Tourism Development John Amaratunga says that there is no longer any reason for our qualified hoteliers to look for jobs overseas as their income will be greater if they stay here. “Today we have a serious issue with regard to manpower in the tourism and hospitality sectors. The […]
China boasts 100 tech unicorns and eight decacorns
July 04, 2017 (LBO) – China now boasts at least 100 tech companies worth over one billion dollars each, called unicorns, and eight companies valued at over 10 billion dollars each, called decacorns in the global tech industry. They include Ali Baba’s Ant Financial, ride-sharing giant Didi Chuxing, smartphone-maker Xiaomi and Tencent Music. According to […]
Sri Lanka launches FDI road map, reforms key: Prime Minister
July 04, 2017 (LBO) – Sri Lanka’s Prime Minister said that the island needs to fast track reforms as part of ambitious efforts to be ranked at least 70th in the ease of doing business rankings by 2020. The Premier Ranil Wickremesinghe, speaking at the launch of the road map on Investment Climate Reforms in […]
Germany to recruit Sri Lankans as geriatric care nurses
Secretary to the Ministry of Foreign Employment Mr. G.S. Withanage and Dr. Götz Schmidt-Bremme, Ambassador for the 2017-2018 GFMD Co-Chairmanship of Germany today (27th June 2017), signed a Joint Declaration of Intent on principles of fair recruitment of personnel for training as geriatric nurses in the Federal Republic of Germany. The signing ceremony took place […]
Sri Lanka blacklists 67 foreign recruitment agencies in 2017
July 03, 2017 (LBO) – The Sri Lanka Bureau of Foreign Employment has blacklisted licenses of 67 foreign recruitment agencies in the first half of this year. Lack of cooperation for dispute settlement, illegal recruitment, and preparing fake documents were among reasons to blacklist recruitment agencies. The bureau said in a statement that in 2016 […]
PTL Watch: Bond yields lower, buying in longer tenors
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/07/PTL-Daily-Market-Report-03rd-July-2017.pdf” title=”PTL Daily Market Report 03rd July 2017″]
GAAM: Stocks up 0.5pct for week, Rs1 bln foreign inflow
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Sri Lanka Eco Summit to discuss ‘Walking the Talk’ for Greener Growth
July 03, 2017 (LBO) – The Importance of Sri Lankan businesses aligning its growth plans with greener practices to help develop a ‘sustainable era,’ will be discussed at the upcoming Sri Lanka Economic Summit 2017. The topic will be discussed at a thematic session titled, ‘Realizing a Greener Growth Path – Walking the Talk’, with […]
Sri Lanka’s new revenue law to help credit profile: Moody’s
July 03, 2017 (LBO) – Sri Lanka’s new Inland Revenue Act will contribute to increasing the country’s very low level of government revenues, a key constraint on the sovereign credit profile, Moody’s said. Last month, the government made public a new income tax bill that will replace the existing law with a more efficient, modern […]
Japan provides Rs358 mln grant for public sector scholarships
July 03, 2017 (LBO) – The Japanese Grant Aid for Human Resources Development Scholarship (JDS) Programme has offered grant assistance of 358 million rupees to Sri Lanka for the year 2018 to provide 15 Scholarships. The system was introduced in Sri Lanka in 2010 by the Government of Japan in order to provide opportunities for […]
SMLS presents proposal for dengue patient management
July 03, 2017 (LBO) – Sri Lanka Society for Medical Laboratory Science (SMLS) has put forward a proposal for the dengue outbreak that relies on efficient management of laboratory services. There are about 140 species of mosquitoes found in Sri Lanka. Out of them Aedes Aegypti and Aedes Albopictus mosquitoes transmit the dengue virus to […]
Sri Lanka enters USD34mln financing for smallholder agribusiness
July 03, 2017 (LBO) – International Fund for Agricultural Development (IFAD) and the Government of Sri Lanka have signed a financial agreement for the implementation of the Smallholder Agribusiness Partnership (SAP) Program. The programme will provide a platform for 57,500 poor rural households to increase their income and food security by expanding livelihood and business […]