Tag: economy

Jan 21,2015 (LBO) – Sri Lanka’s Central Bank re-issue of 10,000 million rupees maturing Treasury bills was oversubscribed with bids amounting to 27,545 million rupees being received, the bank said. 6-month yield was also up at 5.90 percent from 5.89 and 3,658 million rupees were accepted. The debt office which is part of the island’s […]

Jan 19, 2015 (LBO) – Sri Lanka would create an even playing field in order to attract investors and new projects, Deputy Minister of Investment Promotions Eran Wickramaratne told the LBO. The reason is because Sri Lanka pays a lot of money for these projects and we did not even know how much we are […]

Jan 19, 2015 (LBO) – Sri Lanka would attract more investors by expanding economic freedom and investment environment, Deputy Minister of Investments Promotions, Eran Wickramaratne said. You all know that whether it is a country or business, investment is more important, he said. The first challenge we face is to increase the volume of investments […]

Jan 19, 2015 (LBO) – Sri Lanka is looking at developing good relations with India as well as China, the biggest emerging economies in Asia, the Minister of Investment promotion said. “The reality is that we have to work in the Asian region and India and China are two of our key players. So we […]

Jan 16, 2015 (LBO) – Sri Lanka’s new Minister of Highways and Investment Promotion, Kabir Hashim and Eran Wickramaratne as Deputy Minister of Highways and Investment Promotion,assumed duties today. Hashim is the Chairman and General Secretary of the United National Party (UNP) and Wickramaratne act as the Treasurer to the party.

Jan 16, 2015 (LBO) – Sri Lanka’s port city project has to be fully reviewed due to its location at a high security zone , Minister of Investment Promotion said today. “We cannot have land given on freehold basis to another country in a high security zone and that is right in between the two […]

Jan 16, 2015 (LBO) –Sri Lanka will be promoted for its culture and heritage under the new government rather than a place of entertainment Minister of Investment Promotion said today. In terms of tourism Sri Lanka sold its tourism based on historical places and cultural attractions, Kabir Hashim, Minister of Investment Promotion and Highways said. […]

Jan 12, 2015 (LBO) – Sri Lanka’s newly elected president has appointed a new secretary to lead the treasury operations in the island replacing P B Jayasundera, the finance ministry said. R.H.S Samaratunga who was earlier the secretary of the petroleum ministry has assumed duties as the new treasury secretary on Monday. Samaratunga who has […]

Jan 12, 2014 (LBO) – Sri Lanka’s newly elected President Maithripala Sirisena appointed his maiden cabinet on Monday which comprises of 27 cabinet ministers, 10 state ministers and 8 deputy ministers. The swearing in ceremony held at the Presidential Secretariat. Addressing the gathering President Maithripala Sirisena said the new cabinet is a temporary cabinet appointed […]

Jan 11, 2014 (LBO) – Sri Lanka’s United People’s Freedom Alliance (UPFA), said that they will support the new executive President of the Island, Maithripala Sirisena’s 100 Day Work Programme. We would like to convey our wishes as UPFA to the newly appointed president Maithripala Sirisena, Nimal Siripala de Silva, Member of Parliament of UPFA […]

Jan 09, 2015 (LBO) – Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal has informed His Excellency the President that he wishes to resign from the post of Governor with immediate effect, in order that the new President may appoint a new Governor. The new President Maithripala Sirisena has obtained 6,217,162 votes or 51.28 percent […]

Jan 08, 2014 (LBO) – Sri Lanka expects a US$ 100 billion market capitalization by 2020, the Chairman of Securities and Exchange Commission said yesterday.We hope to see about 7. 5 billion US dollars being raised through the capital market over the next six years which will add another US$ 30 billion as capitalization,” We […]