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Australia to boost Sri Lanka tourism skills with Rs1.6 bln
Jan 13, 2017 (LBO) – The Australian government will provide 1.6 billion rupees in aid and technical assistance, over four years, to strengthen Sri Lanka’s tourism sector, through training and mentoring for employees and small businesses. The program will help Sri Lanka develop a highly-skilled labour force and place Sri Lanka as a premier tourist […]
Trade deficit narrows in Sept, cumulative exports down 3pct
Jan 13, 2017 (LBO) – Sri Lanka’s trade deficit narrowed in September 2016 with an increase in export earnings for the second consecutive month, together with a reduction in import expenditure. Earnings from exports grew by 5.7 per cent to 898 million dollars in September, compared with 850 million dollars in the same month in […]
Airport running smoothly despite day-time runway shut down : SriLankan
(PRESS RELEASE) – Wednesday, January 11, 2017, Colombo: SriLankan Airlines is pleased to note that despite the closure of the runway during the daytime hours from 6th January to 6th April 2017, its services and operations at the Bandaranaike International Airport in Katunayake are proceeding seamlessly, with minimal inconvenience for both inbound and outbound tourists. The […]
Asian shares wobble, dollar on track for losing week
TOKYO, Jan 13 (Reuters) – Asian shares dipped on Friday but remained on track for weekly gains while the dollar was poised for a losing week, as investors weighed whether President-elect Donald Trump would stress growth-boosting steps when he takes office. On Wall Street, major indexes finished lower a day after Trump failed to […]
Fitch affirms nine Sri Lankan banks, revises sector outlook to negative from stable
Jan 13, 2016 (LBO) – Fitch Ratings, a credit ratings agency has affirmed the long-term issuer default ratings (IDRs) of nine local banks and revised its sector outlook to negative from stable, a statement said. It affirmed the National Savings Bank (NSB) at ‘B+’; Outlook Negative, Bank of Ceylon (BOC) at ‘B+’; Outlook Negative and […]
CB joins Dept for Registration of Persons against money laundering
Jan 13, 2016 (LBO) – The Financial Intelligence Unit, located at the Central Bank of Sri Lanka, has entered into a memorandum of understanding with the Department for Registration of Persons to receive information in order to facilitate investigations on money laundering and terrorist financing. “Money laundering and terrorist financing are internationally connected financial crimes […]
Sri Lanka calls international bids to add 60MW to national grid
Jan 11, 2017 (LBO) – Sri Lanka’s cabinet has decided to purchase 60 megawatts of power through an open international competitive bidding process for a short term period of six months starting from February. This 60MW is to be installed at three or more suitable locations to ease the transmission constraints that has arisen in […]
‘s GSP+
Jan 11, 2017 (LBO) – The European Commission said it proposed to the European Union to remove significant import duties on Sri Lankan products, to restore GSP Plus trade access to Europe’s export market. “The Commission today proposed that a significant part of the remaining import duties on Sri Lankan products should be removed by the […]
Sri Lanka cabinet approves USD1.5bn development bond issue
Jan 11, 2017 (LBO) – Sri Lanka’s cabinet on Tuesday approved a proposal to borrow 1.5 billion US dollars from the issuances of development bonds this year. Borrowings from domestic sources is estimated to be at 1,129 billion rupees and foreign sources is estimated to be 450 billion rupees. The domestic borrowings will mainly consist […]
New offers for Sri Lankan travelers on Emirates
(PRESS RELEASE) – Sri Lanka, 11 January 2017 – New year, new adventures. Emirates is making it even more attractive for globalistas travelling from Sri Lanka to say “hello” to new destinations and experiences in 2017 with its offer of special fares to a wide range of cities across six continents. The sale, commencing on […]