Tag: lankabusinessonline
Sri Lanka’s telcos should provide high speed broadband infrastructure to face digital era: Dialog Chief
June 01, 2015 (LBO) – Sri Lanka’s telecom operators should provide high speed broadband infrastructure to cope up with the emerging digital era in the world and provide more network sharing to cut operating costs, Dialog Chief Executive Hans Wijayasuriya told shareholders in the annual report.“Structural transformation and industry profitability telecommunications operator’s world over, along […]
Sri Lanka’s President leaves for Pakistan: Trade discussions on the table
Apr 06, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena left for Pakistan yesterday on a a three-day state visit on the invitation of Prime Minister Muhammad Nawaz Sharif, the presidents office said in a media release. The President plans to hold bilateral discussions with the President of Pakistan Mamnoon Hussain, Prime Minister Nawaz Sharif […]
’s President
Mar 10, 2015 (LBO) –Sri Lanka’s President Maithripala Sirisena held bilateral discussions with Britain’s Secretary of State for Defence, Michael Fallon,March 9, 2015 in London. President Sirisena is on an official visit to the UK.
’s govt. will not allocate money for development projects with no agreements: Finance Ministry
Mar 10, 2015 (LBO) – Sri Lanka’s Finance Ministry will not allocate funds for the development projects which don’t have legitimate agreements, Minister Ravi Karunanayake said earler today in Colombo. “We have not reduced a single cent from the allocation of the development projects which are legitimate,Karunanayake told journalists.We won’t pay the money,if there is […]
Modi plans to script a golden chapter in Indo – Lanka relationship
Mar 09, 2015 (LBO) – Indian Prime Minister Narendra Modi who is set to visit Sri Lanka on March 13 and 14 and said he planned to take Indo-Lanka relations to a new level during his visit.œIndia is committed in its support for Sri Lanka’s development and am sure together we are going to script […]
Sri Lanka govt. investigation on Port City to be closely monitored by China
Mar 09, 2015 (LBO) – Sri Lanka to be closely watched by Chinese government with regard to suspension work of the 1.4 billion US dollar sea reclamation project, an official said The new rulers decided to temporarily suspend the controversial Colombo Port City project last week in line with the review outcomes of relevant Technical […]
’s order to halt work
Mar 08, 2015 (LBO) – A Chinese firm who build the port city in Sri Lanka said it has received official communication from the Sri Lankan government to postpone ongoing work of the 1.4 billion US dollar project, with immediate effect and will comply accordingly. However the firm also said that it will all necessary […]
Sri Lanka Policy Planning ministry issued a statement on bond auction : Alleged malpractices to be probe
Mar 07, 2015 (LBO) – Sri Lanka’s Ministry of Policy Planning and Economic affairs has issued a statement on the controversial bond auction and said that the government would investigate on alleged malpractices which are taking place at the Public Debt Department during bond auctions and private placements. It will also investigate the alleged malpractices […]
Sri Lanka postpones setting a foreign direct investment target
March 05, 2015 (LBO) – Sri Lanka’s 100 day administration has taken a back seat in setting a foreign direct investment goal for this year after authorities failed to meet their targets in the recent past. Board of investment which comes under the purview of the investment promotion ministry dejected after it sets a target […]
’’– off tax measures do not establish a step towards an effective tax system: IMF
Mar 04, 2015 (LBO) – Sri Lanka new government’s one –off tax, which proposed in interim budget 2015 to finance the budget has not established a step towards an effective tax system, an International Monetary Fund official said. The mission and the authorities agreed on the need for more comprehensive reforms to streamline the tax […]
IMF urges Sri Lanka to consider contingency measures if revenue measures fail
Mar 04, 2015 (LBO) -The International Monetary Fund (IMF) urged Sri Lanka to have contingency measures in achieving the revised budget deficit target of 4.4 percent of gross domestic product if planned revenues fails, International Monetary Fund official said. “In the missions assessment, achieving a deficit of 4.4 percent of GDP will be challenging and […]
Sri Lankan loans based on consensus, says china: Report
Mar 03, 2015 (LBO) – Sri Lanka’s loans obtained from China were based on consensus through consultations between the two countries, quoting Chinese foreign ministry, Xinhua news agency said. The news published by Xinhua, the official press agency of China is reproduced below. BEIJING, March 2 (Xinhua) — China’s loans to Sri Lanka were based […]