Tag: lbo.lk
Thumps up from US on GSP for Sri Lanka and others
Mar 29, 2018 (LBO) – Sri Lanka will be regaining the United States Generalised System of Preferences (GSP) trade concession which expired on December 31, 2017.When President Donald Trump signs the budget bill on Friday the the US government will be re-authorizing the process. Other countries will also be benifitting from this scheme.Nearly 3,500 different products from Sri […]
‘s revamped corporate website
Mar 29, 2018 (LBO) – The revamped corporate website of the Central Bank of Sri Lanka (CBSL) was launched by Governor Dr.Indrajit Coomaraswamy, Wednesday. The URL for the site is https://www.cbsl.gov.lk.The main features of the new website include additional content, more dynamic and interactive features with improved functionality, mobile compatibility and active social media integration.This […]
World’s Biggest Book Sale is returning to Sri Lanka soon
Get your bookshelves ready, because the Big Bad Wolf Book Sale is set to huff and puff its way back to Colombo for the second time.Hailed as one of the world’s biggest international book fairs, it made huge waves among book lovers during its inaugural visit to Sri Lanka last year. Reading enthusiasts can be […]
‘s Port of Colombo: 13th best connectivity in world
Mar 26, 2018 (LBO) – Port of Colombo has been ranked the 13th best connectivity port, up five places in the Drewry Port Connectivity Index for the 4th quarter in 2017. According to the rankings the Port of Colombo is also the top best connectivity port in South Asia. The Index recently announced the top 20 ports […]
‘s residential and retail markets beyond 2019: JLL
Mar 26, 2018 (LBO) – Sri Lanka’s residential real estate sector, especially high end condominiums,faces over supply challenges, with the recent re-imposition of 15 percent VAT on condominium sales, denting sentiment while retail markets too demonstrate less sustainability, real estate consultancy Jones Lang La Salle (JLL) said. JLL recently announced the company’s predictions for Sri Lanka’s […]
Sampath Bank and Ustocktrade LK link to simplify investment in foreign securities
Mar 26, 2018 (LBO) – Sampath Bank PLC has entered into a Memorandum of Understanding (MoU) with Ustocktrade LK (Private) Ltd (ULPL) to enable investors pay conveniently when trading in securities listed on stock exchanges across the United States of America (USA) through the Ustocktrade app. Under this agreement, Sampath Bank Personal Foreign Currency (PFC) accountholders […]
‘s
Mar 26, 2018 (LBO) – Sri Lanka and Pakistan have pledged to move forward to achieving economic prosperity while further strengthening the long standing bilateral relations between the two nations. President Maithripala Sirisena who is on an official visit to Pakistan met with Pakistani President Mamnoon Hussain and both leaders agreed on this. The Heads of […]
IFC to loan USD 15Mn to Senkadagala Finance
Mar 23, 2018 (LBO) – Sri Lanka’s Senkadagala Finance will get loan of up to US15 million dollars from the International Finance Corporation (IFC), a statement said.“The signed agreement with IFC for the loan would be in Sri Lankan rupees,” the Finace Company said in a stock exchange filing, Thursday.The loan would focus on lending to […]
United National Front rallies round PM with confidence motion
Mar 23, 2018 (LBO) – Members of Parliament (MP) representing the United National Front (UNF) signed a motion supportive of Prime Minister Ranil Wickremesinghe, yesterday. The signed letter was handed over to the Leader of the House Lakshman Kiriella, who is due to hand it in to Speaker Karu Jayasuriya. The Joint Opposition on earlier this […]
Lanka Property Web introduces agent verification
LankaPropertyWeb.com, Sri Lanka’s number one property website has introduced an Agent Verification programme for estate agents and brokers. The programme would carry out a rigorous check on participating estate agents and brokers against 20 criteria. If the agent successfully “passes” the test, they would be awarded a “Verified Agent” certificate and would be listed as […]
Opinion: Economic reforms in Sri Lanka: Salvation or a recipe for inaction?
By Kithmina Hewage & Harini Weerasekera Economic reforms have become an urgent need for Sri Lanka, with successive governments since independence, resorting to short-term, politically expedient economic strategies that have placed considerable macroeconomic pressures whilst reducing Sri Lanka’s global competitiveness. Vision 2025, the current government’s short and medium-term policy direction, is aimed atsteeringthe economy towards […]
Sri Lanka inflation down to 3.2-pct in Feb 2018
Mar 22, 2018 (LBO) – Sri Lanka’s National Consumer Price Index (NCPI) slowed to 3.2 percent in February 2018 from 5.4 percent in January, on a year-on-year basis, official data shows. The reported inflation for the month of February 2018 was mainly due to comparatively higher price levels prevailed in February2017 and decline in food prices […]