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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 […]
‘s Central Bank eyes full inflation targeting: Governor
June 20, 2017 (LBO) – Sri Lanka is planning to adopt a full inflation targeting framework probably by next year, Central Bank Governor Indrajit Coomaraswamy said. Delivering the keynote address at the launch of the Oxford Business Group’s 2017 report on Sri Lanka Monday, Coomaraswamy said this step will enhance greater transparency and predictability for […]
Central Bank clarifies its position on wilfull defacement of currency notes
Press Release: The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to misinterpretation of the facts contained in the newspaper advertisements published by the CBSL in implementation of its Clean Note Policy. The Clean Note Policy has been introduced by the CBSL aiming at maintaining the quality standards of the currency […]
Opinion: India ruling party’s choice as Presidential candidate is a masterstroke
By P.K. Balachandran The choice of Ram Nath Kovind as the ruling Bharatiya Janata Party’s candidate for the Indian Presidential election, to be held on July 17, is a political masterstroke by its political managers. Kovind is a “Dalit”. The Dalits are the lowest caste in the Hindu social hierarchy who were once dubbed and […]
Oxford Business Group launches new publication on Sri Lanka economy
Sri Lanka’s plans to capitalise on high levels of investor confidence and a $1.5bn deal with the IMF to implement a much‐needed modernisation drive and structural reforms are mapped out in a new report just produced by the global research and consultancy firm Oxford Business Group (OBG). The Report: Sri Lanka 2017 charts the island […]
Those relegated to dustbin of history exploiting extremism: UNP
June 19, 2017 (LBO) – Sri Lanka’s main ruling party, the United National Party, says political forces relegated to the dustbin of history are the ones who are attempting to exploit extremism and extremists in the hope of returning to power. Welcoming the decision of the cabinet to use full force of law against those […]
Sri Lanka’s Central Bank to sell USD515mn development bonds
June 19, 2017 (LBO) – Sri Lanka’s Central Bank will issue 515 million US dollar development bonds with a tenor of 1 year 7 months, 3 years, 4 years and 4 years 9 months. The Central Bank said the subscription will be at a floating rate of 6 month LIBOR for USD plus a margin […]
Sri Lanka calls EOIs for ferry system in Colombo
June 19, 2017 (LBO) – Sri Lanka’s Megapolis Ministry said it has called for expressions of interest to establish a ferry system in Colombo canals through a public-private partnership. “Tenders will close on 24 July and a potential shortlist of investors is to be announced in nine weeks,” issuing a statement, the ministry said. “The […]
Finance Minister meets S. Korean Deputy PM at AIIB meeting
June 19, 2017 (LBO) – Minister of Finance and Media Mangala Samaraweera held discussions with the Deputy Prime Minister and Minister of Strategy and Finance of the Republic of Korea, Kim Dong-yeon on Saturday, the Finance Ministry said. Samaraweera and Kim Dong-yeon discussed issues of mutual interest and underscored the importance of closer bilateral relations […]
Waters Edge to create largest banquet facility in Sri Lanka
Waters Edge yesterday commenced an extensive expansion project of the 4-floor banquet facility. Lead by the ideas and efforts of Minister of Megapolis and Western Development Patali Champika Ranawaka, Chairman of Waters Edge Chamath De Silva and General Manager Rohan Fernandopulle, the groundbreaking ceremony was also attended by officials from the Urban Development Authority and […]