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Finland 1

Government of Finland keen to invest in Sri Lanka

The Ambassador of Finland to Sri Lanka Rauli Suikkanen says that he would call leading entrepreneurs of his country to commence investment in Sri Lanka. Ambassador Suikkanen announced this when he met Finance Minister Ravi Karunanayake at the Ministry for Finance yesterday (February 6). Finish Ambassador Rauli Suikkanen further said that there is a confidence […]

Nikkei edges down in choppy trade; glass sector outperforms

Nikkei edges down in choppy trade; glass sector outperforms

TOKYO, Feb 8 (Reuters) – Japan’s Nikkei share average edged down in choppy trade on Wednesday morning as stocks tracked the volatile currency market, while the glass manufacturing sector outperformed on brisk earnings results. The Nikkei dropped 0.1 percent to 18,892.69, having dabbled in positive territory earlier in the trading session. The dollar fell 0.2 […]

tidal-power-lanka

Sri Lanka plans to generate electricity from tidal power

Feb 07, 2017 (LBO) – Sri Lanka plans a new project with Finnish assistance to generate electricity from tidal power, the power ministry said. Following a meeting with Ambassador of Finland to Sri Lanka Rauli Suikkanen, Ranjith Siyambalapitiya the minister for power and renewable energy said the ambassador had expressed his fullest support for the […]

LOLC-Pak-Oman

LOLC microfinance model ventures into Pakistan

The LOLC Group inked a historic joint venture with Pak Oman Microfinance Bank Limited to introduce LOLC’s exceptional and globally accepted Microfinance model to the people of Pakistan. Having observed LOLC’s uniquely effective microfinance business model and its success stories in Sri Lanka, Myanmar and Cambodia, Pak Oman Microfinance Bank Limited which is a joint […]

Sri Lanka committee finalizing report on Muslim Marriage and Divorce Act

Sri Lanka committee finalizing report on Muslim Marriage and Divorce Act

Feb 07, 2017 (LBO) – A committee appointed by Sri Lanka’s former Minister of Justice and Law Reform Milinda Moragoda to consider and recommend amendments to the Muslim Marriage and Divorce Act No 13 of 1951 is finalizing its report, a statement said. The committee was appointed in July 2009 with the approval of the […]

OGP-lanka

Central Bank holds policy interest rates unchanged

Feb 07, 2017 (LBO) – Sri Lanka’s Central Bank held key interest rates unchanged on Tuesday with the expectation that inflation will stabilize at mid-single digits and the economy was responding to stabilization measures. Credit growth to the private sector by commercial banks remained high at 21. 9 per cent by end 2016, although it […]

Asian Development Bank

ADB to introduce new partnership strategy with Sri Lanka

Feb 06, 2017 (LBO) – Asian Development Bank is working on a new country partnership strategy with Sri Lanka’s government to address dynamic challenges with sustainable, inclusive and environmentally friendly solutions, an official said. During an event to mark 50 years of Sri Lanka’s partnership with ADB, director general of South Asia Regional Department of […]

Sri Lanka’s Right to Information Act comes into force

Sri Lanka’s Right to Information Act comes into force

Feb 03, 2017 (LBO) – Sri Lanka’s Right to Information (RTI) Act comes into effect today bringing with it a promise of open government, citizens’ active participation in governance, and accountability to the people of the country. The Ministry of Mass Media and Parliamentary Reform said that it has been laying the groundwork of RTI, […]

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