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Lifting fish export ban to EU needs further steps: EU Council
Nov 17, 2015 (LBO) – Sri Lanka’s ban on fishery exports to the EU could be lifted if further necessary steps are taken, the European Union Council said. Releasing council conclusions in a statement the Council commended the steps Sri Lanka has taken to comply with the regulations of the Indian Ocean Tuna Commission. “The […]
Lamudi identifies top gadgets to improve Sri Lankan real estate market
From drones to virtual reality, the impact of technology on the real estate industry is growing rapidly in Sri Lanka.The use of drones have helped high rise building developers provide buyers with a view of the city from each floor, even before construction has begun; virtual reality allows buyers to experience the inside of a […]
Govt intervention in Colombo tea auction detrimental to sector: Fitch
Nov 17, 2015 (LBO) – Sri Lanka’s government intervention into the Colombo tea auction will be detrimental to the sector as it will make Sri Lankan tea less competitive in a global market that is over-supplied, Fitch Ratings said. The Sri Lankan government in October 2015 allocated 1.0 billion rupees to purchase tea at the […]
Ceylon Chamber to host post budget seminar
The Ceylon Chamber of Commerce will hold its customary post national budget seminar on the 27th November, 2015 with the participation of a top panel, which will consist of high ranking officials from the Ministry of Finance and also taxation specialists. The event, which will be held at the Ceylon Chamber of Commerce auditorium will […]
‘s GSP+ application
Nov 17, 2015 (LBO) – The European Council has noted progress made by Sri Lanka on GSP+ criteria and supports renewed application, the institution representing the EU member states’ governments said in a statement. Sri Lanka intends to apply for tariff preferences provided under the special incentive arrangement for sustainable development and good governance (GSP+) […]
Innovation crucial for Sri Lanka’s future success: ex central banker
Nov 17, 2015 (LBO) – Sri Lanka’s ability to invent and innovate will be vital for economic development and developed country status, a former central banker says.“The future of Sri Lanka will depend on the development of science and technology and how we combine inventions with innovations;” W.A. Wijewardena, former deputy governor of the Central […]
High Commissioner Esala Weerakoon presents Credentials to Indian President
High Commissioner of Sri Lanka to India Esala Weerakoon presented Credentials to the President of India Pranab Mukherjee at Rashtrapathi Bhavan in New Delhi on Friday, 13 November 2015. High Commissioner Weerakoon is a senior career diplomat. Since he joined the Sri Lanka Foreign Service in 1998, he has served as Ambassador to Norway, High […]
Sri Lanka’s new constitution to include economic, social, cultural rights
Nov 16, 2015 (LBO) – Sri Lanka’s proposed constitution will include a Bill of Rights that takes into account economic, social and cultural rights of the people, the Foreign Minister Mangala Samaraweera said.Delivering a lecture at the National University of Singapore, Foreign Minister said a constitution that addresses the needs of all citizens and communities […]
Norway’s Wealth Fund buys a stake in Tokyo Cement
Nov 16, 2015 (LBO) – Norway’s Norges Bank, which manages the world’s biggest sovereign wealth fund, has bought a stake in Tokyo Cement of Sri Lanka, the company’s interim filed in Colombo Stock Exchange shows. Norges Bank has bought 2,078,857 voting shares of Tokyo Cement, amounting to a 0.93 percent stake, and 6,269,466 non-voting shares […]
Ceylon Hotels Corp to construct a 50-room hotel in Maldives for USD27.7mn
Nov 16, 2015 (LBO) – Sri Lanka’s Ceylon Hotel Corporation said that it plans to construct a 50-room hotel in Maldives with an investment of 27.7 million US dollars. The company said that it has approved an acquisition of the entire shareholding of Ceylon Hotel Maldives (Pvt )Ltd (CHML) for a sum of 700,020 rupees […]
LBR LBO Debrief – “Business Climate Outlook of 2016” – Tuesday, 8th December 2015
Topic: Business Climate Outlook of 2016 Date/Time: Tuesday, 8th December 2015 | 0845 – 1750 HRS Venue: Oak Room, Cinnamon Grand Host: Lakshaman Bandaranayake | Founding Publisher, Director | Lanka Business Online Inquiries: Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 General | debrief@lbo.lk Registration fee: Rs 12,900/= per participant, 5% discount […]
SriLankan swimmers jubilant at Mercantile Swimming Championship
SriLankan Airlines’ Swimmers bagged a total of 32 gold medals, 21 silver medals and 17 bronze medals at the recently concluded Mercantile Swimming Championship 2015. SriLankan swimmers faced fierce competition from swimmers from leading corporate organizations in the country as a total of 550 swimmers representing 32 associations showcased their talents at the event.SriLankan Airlines […]