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Prime Minister announces several budget changes
Dec 14, 2015 (LBO) – Prime Minister Ranil Wickremasinghe told Parliament Monday that the government is ready to add 2,000 rupees monthly allowance to the basic salary of public servants from next year. Wickremasinghe said the government expects to complete adding 10,000 rupees allowance to the basic salary in three stages.“This morning several unions requested […]
Prime Minister meets foreign mayors
Prime Minister Ranil Wickremesinghe met foreign mayors today at Temple Trees. They are here to attend a ceremony to mark 150 years to the Colombo Municipal Council.
CDB crowned Best Corporate Citizen 2015
Placed among the country’s largest conglomerates and business stewards, Citizen’s Development Business Finance proudly donned the crown of being among the Top Ten Corporate Citizens of Sri Lanka for 2015, in addition to being adjudged Best Corporate Citizen 2015 in the Less than Rs 15 Bn Category. For a company that is just twenty years […]
PTL Watch: Low activity in secondary bond market
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Opinion: Keeping to agenda for change is key, says Jehan Perera
By Jehan Perera The role that civil society played in the change of government that occurred in January at the presidential elections, and which was reaffirmed at the general elections of August, was celebrated at two events held last week. One was on World Anti Corruption Day which fell on December 9. This event was […]
Special economic zones, a driving force for increased trade in Asia: ADB
Dec 14, 2015 (LBO) – Special economic zones (SEZs) can be a driving force for increased trade, investment, and economic reform in Asia as it experiences a slowdown in trade, provided the right business environments and policies are put in place, a new Asian Development Bank (ADB) report said. “The expansion in the number of […]
SATHOSA to second spot in store equity ranks; consumer retention rate 67%
Sri Lanka’s FMCG player LAK SATHOSA is ranked second among retail chain brands in the country -and that too, by a few marginal points behind the country’s top ranked retail chain.As part of its busy preparations for the coming festival season, SATHOSA has stocked up a three-month supply of essentials-and enters the festive season with novel […]
Rule Changes for Sri Lanka Insurers Promote Transparency: Fitch
Dec 14, 2015 (LBO) – Fitch Ratings sees the outlook on Sri Lanka’s insurance sector as stable even though the split of composite insurers into life and non-life companies, which became mandatory effective February 2015, may create industry uncertainty.This is based on the view that most insurers will maintain stable financial fundamentals in 2016, supported […]
Central Bank of Sri Lanka – 8th International Research Conference
The 8th International Research Conference of the Central Bank of Sri Lanka was held on 7 December 2015 at the John Exter International Conference Hall of the Central Bank. The conference, organised by the Economic Research Department of the Central Bank, aims to stimulate research on current themes while providing a forum for researchers […]
Global climate agreement reached by 195 nations
Dec 14, 2015 (LBO) – A climate agreement reached at Paris climate talks has been hailed as the best chance of reaching global emission targets. All the world’s nations have agreed to a single document to cut greenhouse gas emissions which is regarded by many observers “historic”.The Kyoto Protocol of 1997 set emission targets but […]
‘s first dengue vaccine approved
Dec 14, 2015 (LBO) – A vaccine against dengue fever, the mosquito borne virus fever, has won clearance in Mexico. The vaccine is the first of its kind and can prevent all four types of the virus, which has appeared in Portugal, France, Florida and Japan recently and increased the risk of “explosive outbreaks,” a […]
Sri Lanka computer literacy at 27-pct in 1H 2015
Dec 12, 2015 (LBO) – Sri Lanka’s computer literacy for the first half of 2015 is 26.8 percent compared to 25.1 percent reported in 2014, the Department of Census and Statistics said. The computer literacy of those who are in the age group of 5 to 69 years and characteristics of households have been released […]