Category:
‘s kidney disease prone areas
Nov 03, 2016 (LBO) – Sri Lanka has entered into a agreement with the Asian Development Bank to obtain 60 million dollars to implement clean drinking water facilities in the island’s chronic kidney disease prone areas, Wednesday. The project called the PuraNeguma – Local Government Enhancement Sector Project, will be utilized for the implementation of […]
Sri Lanka grants 25 year income tax waiver for Port City developer
Nov 02, 2016 (LBO) – Sri Lanka’s cabinet has approved granting of exemptions for the project company of the Colombo Port City in terms of the Strategic Development Project Act 2008. The CHEC Port City Colombo manages the project for the Chinese investor, China Communications Construction Company. The cabinet recognized the development of Port City […]
SriLankan Airlines surprises a loyal passenger with Gold Card
SriLankan Airlines gave one of its loyal customers,Peter Phillips of Shropshire, United Kingdom, a delightful surprise by rewarding him for his loyalty to SriLankan Airlines. Accordingly, Sri Lankan’s frequent flyer programme, Fly SmiLes, presented him with a Gold card recently at a surprise ceremony to help him keep visiting his favourite destination of Sri Lanka […]
New pension scheme for Sri Lankan migrant workers
Nov 02, 2016 (LBO) – Sri Lanka’s government will implement a new pension scheme for migrant workers with effect from January next year, a cabinet decision showed. The cabinet has decided to withdraw 2 billion rupees from the Kuwait Fund of Sri Lanka Bureau of Foreign Employment as the initial capital requirement for the scheme. […]
Japan looks at SME business opportunities in Sri Lanka
Nov 02, 2016 (LBO) – Representatives from the World Business Society of Tokyo Small and Medium Enterprise Consultant Association (WBS) are currently visiting Sri Lanka to evaluate investment opportunities, the Board of Investment of Sri Lanka (BOI) said. The visiting delegation consisted of representatives of 19 Japanese enterprises who will act as consultants. They will […]
Former Sri Lankan brigadier responsible for Northern ‘Ava’ gang: Rajitha
Nov 02, 2016 (LBO) – Sri Lanka’s Co-cabinet Spokesman Rajitha Senaratne on Wednesday accused a former brigadier for literally forming the ‘Ava’ violent gang during the war. Law and Order Minister Sagala Ratnayake told Parliament recently that the Police had implemented programmes to stop a crime wave in Jaffna created by this group that commits […]
Haycarb records turnover of Rs.5.9Bn and PBT of Rs.458Mn for 1H 2016/17
(PRESS RELEASE) – The Sri Lankan multinational Haycarb PLC reported a revenue of Rs. 5.9 billion and profit before tax of Rs. 458 million for the six months ending 30th September 2016. The profit after tax stood at Rs. 374 million. The turnover increased by 8%, while the profit before tax and after tax recorded […]
Sri Lankan rupee weaker on importer dollar demand
Nov 02, 2016 (Reuters) – The Sri Lankan rupee was weaker on Wednesday due to dollar demand from importers, dealers said, while the market shrugged off central bank chief Indrajit Coomaraswamy’s comment on the currency’s stability in the near future. Coomarswamy late on Tuesday said he expected the rupee to stabilise when the billion sale […]
iflix adds Hindi & Tamil content for Sri Lanka internet TV viewers
iflix, the world’s leading Internet TV service for emerging markets is thrilled to announce the addition of hugely popular Hindi and Tamil programming to its world class content offering. From today, consumers can enjoy unlimited access to the best in Hindi and Tamil movies, in addition to the vast selection of popular, award-winning and iconic […]
USD1 bln expected from Hambantota port sale: CB Governor
Nov 02, 2016 (LBO) – Sri Lanka could expect a one billion dollar inflow to the economy in about five months time through the sale of a stake in the Hambantota Port, the Central Bank Governor said on Tuesday. The equity proceeds of a sale of an 80 percent stake to a Chinese investor could […]
GSP+ final decision by May 2017, tangible progress needed: EU
Nov 02, 2016 (LBO) – National reconciliation, the empowerment of women and Sri Lanka’s application for the General System of Preferences (GSP+) were the main focus of discussions of the four member delegation of the European Parliament. On GSP+, they stressed that the decision on Sri Lanka’s application will also need the approval of the […]