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PTL Watch: Minimal activity, market awaits bond auction
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Appointing independent commissions replicates Rajapaksa method: Civil Society
Oct 23, 2015 (LBO) – The silent approach in appointing independent commissions seems to replicate the Rajapaksa method that politicized the whole state machinery, a group of civil society activists charged.Attorneys Srinath Perera, Neville Ananda, Sujeewa Dahanayake with social activist Muditha Karunamuni, trade union leader Anton Marcus and journalist Kusal Perera comprised of this group.In […]
US seeks potential infrastructure assistance in South and East
Members of the U.S. Embassy and the U.S. Army Corps of Engineers recently traveled to the South and East to survey schools and medical facilities in disaster-prone areas to identify potential infrastructure assistance.The team visited schools from the Tamil, Muslim and Sinhalese communities across the Eastern Province, as well as schools and medical care facilities […]
Sri Lanka Treasury guarantees water project funding from Bank of Ceylon
Oct 23, 2015 (LBO) – Sri Lanka is to implement a water supply project for the towns in east of Colombo with funding secured from Bank of Ceylon with a treasury guarantees, media spokesman Rajitha Senaratne told reporters on Thursday.The cabinet of ministers have approved the implementation of 34 water supply projects with a cost […]
Sri Lanka’s EDB called on to perform like private sector entity
Oct 23, 2015 (LBO) – Sri Lanka’s Export Development Board has been called upon to perform as a private sector entity to ensure a better performance from the country’s export.“The EDB should not behave like a laidback government institution,” Sujeewa Senasinghe, state Minister of Development Strategies and International Trade said while addressing officials of EDB […]
Breaking LBO TV: Dilmah for trade liberalization if there is a master plan, says Malik
See also Dilmah for trade liberalization provided there is a master plan: malik for story and additional comments from Malik J Fernando.
Tax concessions damage country’s tax base: Former Indian FM
Oct 23, 2015 (LBO) – Tax concessions are not an alternative to a poor investment climate and damages the tax base of a country, Former Finance Minister of India Palaniappan Chidambaram said. Chidambaram was delivering the 20th annual taxation oration at the Institute of Chartered Accountants of Sri Lanka Thursday.Former Finance Minister said Sri Lanka […]
Uber arrives in Sri Lanka
Oct 22, 2015 (LBO) – Uber, a global ride sharing company in over 340 cities in 60 countries, launched in Sri Lanka, a statement said. “At Uber, every city that we launch outperforms its predecessor and we expect nothing less from Colombo. In fact, for months now, we know that demand for Uber has been […]
Dilmah for trade liberalization provided there is a master plan: Malik
Oct 22, 2015 (LBO) – Sri Lanka’s top tea company Dilmah supports trade liberalization provided there is a master plan in place, Malik J. Fernando, a director of Dilmah, said at a forum in Colombo. An effective plan where local corporates are consulted and given preference over foreign investors is necessary within any sector undergoing […]