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Improved Swedish interest in Sri Lanka imports after GSP+
An increased interest to import products from Sri Lanka to Sweden has been noticed since the GSP+ came in to function. This was confirmed on Tuesday 20th June during a well-attended breakfast seminar in Stockholm at the premises of the Swedish National Board of Trade. The seminar was organised by the Sri Lankan Embassy in […]
Central Bank expected to keep key rates unchanged: First Capital
June 21, 2017 (LBO) – The Central Bank of Sri Lanka is expected to keep key interest rates unchanged in its monthly monetary policy announcement on Friday, with slower first quarter growth and a deceleration in inflation contributing to the decision, First Capital Research said in a pre-policy research note. GDP growth for the first […]
Jayathma Wickramanayake of Sri Lanka appointed as UNSG’s Envoy on Youth
(PRESS RELEASE) – United Nations Secretary-General’s office announced today (20th June) that Secretary General António Guterres has appointed Jayathma Wickramanayake of Sri Lanka as his next Envoy on Youth. She will succeed Ahmad Alhendawi of Jordan. Wickramanayake will succeed Ahmad Alhendawi of Jordan to whom the Secretary-General is grateful for his dedicated service in addressing […]
Huawei becomes Official Smartphone Partner of Sri Lanka Cricket Team
(PRESS RELEASE) – Huawei, the leading smartphone brand in Sri Lanka has entered into a partnership with Sri Lanka Cricket (SLC) as the Official Smartphone Partner for the Sri Lanka Cricket Team. The Smartphone Sponsorship of the National Team comprises of both men’s and women’s cricket teams across all forms of the game spanning Test, […]
SriLankan hosts ‘Rumble in Jungle’ mountain biking race 2017
SriLankan Airlines successfully conducted ‘Rumble in the Jungle’ the premier mountain biking event that attracts local and international cycling pros and enthusiasts recently . Conducted for the fourth consecutive year, ‘Rumble in the Jungle’ is a grueling yet thrilling race that enables local and international participants to experience the diverse beauty of the island. On […]
Religious violence in Sri Lanka has chronic nature: Verité
June 21, 2017 (LBO) – Religious violence in Sri Lanka is not a post-war phenomenon and has persisted over a much longer period of time, Verité Research said in a report. The think tank studied a dataset between 1994 and 2014 compiled by the National Christian Evangelical Association of Sri Lanka (NCEASL). The data showed […]
Fitch expects more interest rate pressure for Sri Lankan corporates
June 20, 2017 (LBO) – Fitch Ratings says it expects rising domestic interest rates to hurt Sri Lankan corporates over the next 12 months. Releasing a statement, the rating agency said borrowing costs of corporates have increased more than 200bp in the 12 months to March 2017. The Central Bank increased policy rates by 125bp […]
Auditor General’s opinion creates chaos in Parliament
June 20, 2017 (LBO) – Sri Lanka’s Parliament on Tuesday referred the controversial annual report of the Finance Ministry to the Committee on Public Finance amid chaos in Parliament. The Auditor General, expressing his view on the finance ministry accounts of 2016, said that he is not been able to obtain sufficient and appropriate audit […]
Unilever offers hands-on learning to Moratuwa engineering undergraduates
Unilever Sri Lanka, the nation’s number one employer of choice, recently marked the completion of its inaugural LEaD (Learn, Explore, Develop) training program at their head office. The event saw 18 second year engineering undergraduate students from the University of Moratuwa graduate from the 7 month program which was launched in October 2016. Unilever embarked […]
Sri Lanka Parliamentarians attend exchange programme in Washington
The House Democracy Partnership (HDP) of the United States Congress welcomed members of parliament of four HDP partner countries, including Sri Lanka to an exchange programme in the second week of June. A bipartisan group of members of Sri Lankan Parliament comprising State Minister of Agriculture Wasantha Aluwihare, Deputy Minister of Mahaweli Development and Environment […]
‘s Waste Management Authority
June 20, 2017 (LBO) – Fairway Waste Management (Pvt) Ltd and the Waste Management Authority of the Western Provincial Council have signed a concession agreement to form a public-private partnership for Municipal Solid Waste processing at Karadiyana in the Western Province. The 22-year concession agreement is a key legal document that would create a sustainable […]
Infrastructure must be developed alongside admin, legal frameworks: Finance Minister
June 20, 2017 (LBO) – Sri Lanka wants to boost investments to make the country an export driven economic and financial hub of the Indian Ocean, the new finance minister said. “Developing physical infrastructure must be done along with administrative and legal frameworks to ensure required policy or regulatory support to streamline and boost public […]