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Mr and Miss UK commends Sri Lanka – Destination of the Year title
Miss UK Natasha Hemmings and Chris Bramell Mr. UK, who visited Sri Lanka Tourism commended the title Destination of the Year’ – for sea and tea by The Sunday Times UK the best selling news paper in UK which reaches 3.5 million on a multi platform basis.Chairman Sri Lanka Tourism Promotions Dr Rohantha Athukorala commented […]
Govt signs USD 150 mn ADB loan for water to dry zone
Sep 17, 2015 (LBO) – Sri Lanka’s government signed a 150 million US dollar loan agreement with the ADB to address the water scarcity in the islands dry zone, the Asian Development Bank said in a statement. The loan is the first tranche of a 453 million US dollar multi-tranche financing facility to help complete […]
Sri Lanka’s government to extend Colombo port city agreement
Sep 17, 2015 (LBO) – Sri Lanka’s cabinet has approved extending the much talked Colombo port city development project agreement for further six months, the government said.The agreement signed between the government and the relevant project company, CHEC Port City Colombo (Pvt) Ltd, on 16th of September 2014 expired on 15th of this month. The […]
UN Human Rights report on Sri Lanka is well crafted and sober: FM Mangala
Sep 17, 2015 (LBO) – The UN Human Rights report published yesterday is a well-crafted and sober report which itself says it is not a criminal investigation, Foreign Minister Mangala Samaraweera said.Speaking at a press briefing in Colombo Samaraweera told reporters that the report gives the narrative that some of the Human Rights violations or […]
Sri Lanka stocks close down 0.3-pct: Continued losses in Finance and Leasing
Sep 17, 2015 (LBO) – Sri Lankan stocks closed down 0.33 percent on Thursday following losses in finance and leasing stocks and in anticipation of a US rate hike tonight, brokers said. The Colombo benchmark All Share Price Index closed down 23.89 points at 7,113.51 lower 0.33 percent. S&P SL20 closed 14.55 points lower at […]
‘s MTD Walkers to sell Rs3.0bn in listed debt
Sep 17, 2015 (LBO) – Sri Lanka’s construction and engineering sector player MTD Walkers is planning to sell 3.0 billion rupees of listed debt, the Colombo Stock Exchange said.The CSE said it had approved an application by MTD Walkers to offer 25 million debentures of 100 rupees each and a further 5 million if the first […]
Marxist JVP presents 20 proposals for immediate implementation
Sep 17, 2015 (LBO) – Sri Lanka’s Marxist JVP and several civil organizations on Thursday presented a set of proposals to the government for the immediate implementation.Most of these reforms were also included in the manifesto of the government presented for the general election held on 17th August.“We need to get rid of the political […]
Sri Lanka can attract Japanese companies, bank: ambassador
Sept 17, 2015 (LBO) – Sri Lanka has great potential to attract Japanese investors who are interested in investing in the island, and as a gateway to India and Pakistan, Kenichi Suganuma, the ambassador for Japan in Sri Lanka, said.Although India is a big market it is not easy to do big business there, he […]
Managerial skills, tea cloning to help Sri Lanka’s tea industry: PA
Sep 17, 2015 (LBO) – Sri Lanka’s tea industry, which has a long history starting from British period, now needs to adopt professional managerial skills and build elite clone tea to face current challenges and to drive future growth, the chairman of the Planters’ Association said. The industry is currently in a crisis situation with […]
Sri Lanka’s Land Rover sees growing local demand
Sep 17, 2015 (LBO) –Land Rover’s sole authorized distributor in Sri Lanka, SML Frontier Automotive says that demand in the local market is growing at a fast pace with rise in per capita income in the island.“In our segment of the market it is the rise in the number of professionals in the country and […]
Sri Lanka’s rupee move positive for IT BPO industry: official
Sep 17, 2015 (LBO) – Sri Lanka’s IT BPO sector, a thriving industry which targets a five billion dollar export revenue in 2022, is benefiting from the current rupee depreciation in the island. “When there is a rupee depreciation here other countries will see Sri Lanka as a low cost destination,” Jeevan Gnanam, director operations […]
Sri Lanka assures consultation with OHCHR and intl organizations
Sep 16, 2015 (LBO) – Sri Lanka’s Foreign Ministry in a letter has assured the UN Human Rights Commissioner the non recurrence of rights violations and consultations with international organizations.Complimenting UN Human Rights Commissioner for conveying an advanced copy of the OHCHR report a few days ago, the foreign ministry said it was encouraged by the […]