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Sri Lanka motor car registrations drop to 7,177 in Dec: JB
Jan 25, 2015 (LBO) – Sri Lanka’s vehicle registration momentum came down in Dec with the reinstatement of the LTV rule and higher incidence of duty on vehicles, JB Securities said in a research note. Total motor car registrations recorded 7,177 units in Dec down from 10,084 units in Nov but significantly up from 4,311 […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Professor P K S Mahanama
Colombo has a high potential to become a global city. The geographic location and close proximity to maritime sea routes are strategic advantages. Its geo-location is an exploitable asset in the global economy. However, it is not only the access to “Silk Road” that global cities compete with each other now, but for capital, talent […]
Sri Lanka’s Norochcholai to add 900MW to national grid
Jan 25, 2016 (LBO) – Sri Lanka’s Minister of Power said the Norochcholai coal power plant will add 900 megawatts of electricity to the national grid this week. “The aim of the plant is to produce 5,300 million watts in 2016,” Ranjith Siyambalapitiya, Minister of Power and Renewable Energy said. The total contribution to the […]
Interview: Listing of Sri Lanka non-strategic investments may take a year, says Eran
Jan 25, 2016 (LBO) – Sri Lanka’s government is putting in place processes to list some of its non-strategic investments on the Colombo Stock Exchange, although this may not take place immediately, Eran Wickramaratne, deputy minister of Public Enterprise Development, told Lanka Business Online. “Within a year that’s possible. But whatever we are doing, we […]
PM holds meetings with Branson, other investors
Jan 24, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe and government officials met several business leaders and heads of state on the sidelines of the World Economic Forum. Richard Branson of the Virgin group, Cyrus Mistry, chairman of the Tata Group, Kevin Sneader of McKinsey and Company and Jean-Philippe Courtois, President of Microsoft […]
SriLankan ranks second in Asia & Asia-Pacific for lowest carbon footprint
Press Release: SriLankan Airlines gained worldwide recognition for its pioneering efforts in environmental conservation when the prestigious Business Traveller magazine ranked it second among airlines in the Asia and Asia-Pacific region for having the lowest carbon footprint. The enormous region includes the Middle East, South Asia, the Far East and Asia-Pacific (Australasia), home to most […]
Korea EXIM Bank opens representative office in Sri Lanka
Jan 22, 2015 (LBO) – The Export-Import Bank of Korea, an official export credit agency of the Republic of Korea, announced Friday the opening of their representative office in Colombo. This new presence comes in response to increased bilateral ties between the governments of Korea and Sri Lanka, in trade, foreign direct investment, development assistance, […]
‘s People Summit 2016
Media release – Build your people to build your business: SLASSCOM People Summit 2016 Back for the sixth consecutive year, SLASSCOM’s People Summit 2016 aims to kick off your year by providing leaders at all levels with pioneering talent management insights and perspectives from renowned global leaders, as well as a prime networking and experience […]
PTL Watch: Foreign selling, 2021 bond up 5-10bp
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Central Bankers should have dual mandate, says author of HDR 2015
Jan 22, 2016 (LBO) – Central Bankers in the modern era should have a dual mandate which concentrate on employment targeting in addition to conventional inflation targeting, lead author of the 2015 Global Human Development Report said. Making the South Asian regional release yesterday in Colombo Selim Jahan stated that enhancing human development through work […]
Joint Opposition writes to Inter-Parliamentary Union in Switzerland
Jan 22, 2016 (LBO) – The Joint Opposition of the Parliament has sent a letter to Inter-Parliamentary Union seeking an opportunity to express their concerns on what they called jeopardy in smooth functioning of Sri Lanka’s Parliament. Among the issues they are to take up for discussion are the denial of opportunity for leaders of […]
Sri Lanka has perverse link between trade and budget deficit: Nishan de Mel
Jan 22, 2016 (LBO) – Sri Lanka’s economic policy is governed by political pressures which is evident in the perverse link between the trade deficit and the budget deficit, a top economist observed. Nishan de Mel of Verité Research says the inconsistency in government policies is the key underlying problem contributing to this issue. Trade […]