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Sri Lanka falls on Open Budget Index 2015, says Verité
Sep 10, 2015 (LBO) – Sri Lanka has ranked among countries in the world that provides the public with minimal budget information, a new survey showed.International Budget Partnership released its latest survey which measures the state of budget transparency, participation, and oversight in 100 countries around the world. The Open Budget Index measures the level […]
‘s stock crash a direct result of authoritarian policies: Razeen Sally
Sept 10, 2015 (LBO) – China’s stock bubble and subsequent crash that sent shockwaves across the global economy is the direct result of authoritarian policies, Razeen Sally from the National University of Singapore told Lanka Business Online.“The stock bubble is the direct result of government policies because the state-run financial system has few other profitable […]
Youth unemployment can be addressed through technical training: Susil
Sep 10, 2015 (LBO) – Sri Lanka can overcome its youth unemployment issue by developing technical education, the newly appointed minister for technology says.“Although unemployment as a whole is six percent, in the age group between 18 – 30 it is over 20 percent,” Susil Premajayantha, the new minister of technology, technical education and employment […]
‘s help to study Blue Mormon butterfly
Sept 10, 2015 (LBO) – India’s Forest Minister Sudhir Mungantiwar has sought Sri Lanka’s help to study the newly declared state butterfly of Maharashtra, the Blue Mormon, as they do not have sufficient information about it, he said. He had made this request to Sri Lanka’s Consul General to Mumbai, Saroja Sirisena, during a recent […]
Emerging market central bankers want Fed to raise rates: report
Sept 10, 2015 (LBO) – Central bankers in emerging markets want the US Federal Reserve to increase interest rates sooner rather than later to end market uncertainty.Central bankers in Indonesia, Peru and Mexico have commented that a rate hike at the September 16-17 or October Fed meetings would be good for their economies.“We think US […]
Sri Lanka hoteliers cannot work in isolation, says Keells Deputy Chairman
Sep 10, 2015 (LBO) – Sri Lanka hoteliers alone cannot make the industry to grow but with collaboration we can, Ajit Gunewardene, deputy chairman of John Keells Holdings said. “Tourism is a massive industry and we have barely begun. Before we destroy what is great, we believe this is the time to create something unique […]
Reforms needed for better Sri Lanka female labor force participation: World Bank
Sep 10, 2015 (LBO) – Legal discrimination, which can affect female labor force participation, is prevalent in Sri Lanka, a new World Bank report says. “Women are prohibited from working in the mining sector and restricted from certain tasks/functions in factories,” the World Banks group’s Women, Business and the Law 2016 report, released Wednesday said. “Moreover, there […]
US Ambassador Atul Keshap visits Temple of the Tooth
U.S. Ambassador Atul Keshap made his first official visit outside of Colombo to Kandy today, visiting Sri Dalada Maligawa and paying his respects to the Most Venerable Galagama Sri Aththadassi Mahanayake Thero of the Asgiriya Chapter, Most Venerable Tibbatuwawe Sri Siddhartha Sumangala Mahanayake Thero of the Malwatta Chapter, and Most Venerable Napana Premasiri Mahanayake Thero […]
Rishad kick-starts third Lankan Industry & Commerce sprint
Sri Lanka is mulling a bigger role for private sector in the planned industry and commerce reforms-and Lankans of all hues are rallying round the leaders of the new consensual government, as declared on 09 September.“I look forward to an increased role and support of the Lankan business, exports and investment communities in our next […]
Sri Lanka appoints new State and Deputy Ministers
Sep 09, 2015 (LBO) – The swearing in ceremony of the new State and Deputy Ministers of the government held today at the Presidential Secretariat. New State and Deputy Ministers who took oaths before President Maithripala Sirisena are as follows. State Ministers 01 T.B. Ekanayake State Minister of Land 02 A.H.M. Fauzi State Minister of […]
Sri Lanka’s Hambantota port to be developed with dockyard facility
Sep 09, 2015 (LBO) – Sri Lanka’s Hambantota Port is to be developed with dockyard facilities at the port at an estimated cost of two billion rupees, media reports said.A Chinese company has responded positively to Ports and Shipping Minister Arjuna Ranatunga’s call for expression of interests from potential investors to build dockyard facilities at […]
Sri Lanka fruit exports up 51 pct, vegetables up 25 pct in 2014: CCC
Sep 09, 2015 (LBO) – Sri Lanka’s earnings from exports of fruits and vegetables during the year 2014 has increased compared to the previous year, the Ceylon Chamber of Commerce said. Referring to a study conducted by them, the chamber said earnings from fruit exports has seen the biggest jump, accounting for a 51 percent […]