Tag: lbo.lk
Multi Finance PLC enables sustainable transactions with “Each One Plant One” campaign
With a proud heritage of over 4 decades in business, Multi Finance PLC has been a source of strength to businesses, and entrepreneurs in the urban rural and SME markets, playing a pivotal role in contributing to the growth of the Sri Lankan economy. Governed by the Central Bank and listed in the Colombo […]
National Financial Inclusion Strategy of Sri Lanka by mid-2019
Mar 21, 2018 (LBO) – Sri Lanka’s Central Bank expects to implement the National Financial Inclusion Strategy of Sri Lanka by mid-2019, Dr. Indrajit Coomaraswamy said in Colombo, Tuesday. “For successful implementation of this process high level political commitment is required,” the Central Bank Governor said. “Most of all, active participation and commitment of all stakeholders who […]
Brandix and VTA signs MoU for skills development in apparel industry
Mar 20, 2018 (LBO) – Brandix Group and the Vocational Training Authority of Sri Lanka (VTA) recently signed two Memoranda of Understanding (MoU) denoting a collaboration to break new ground in skills development for the apparel sector. The first of these agreements facilitates the creation of an NVQ Level 5 equivalent qualification for Garment Technicians […]
Data is the lifeblood of decision-making
Mar 20, 2018 (LBO) – Data is the lifeblood of decision-making, without which policy makers are unable to make informed, effective and evidence-based decisions that lead to achieving the Sustainable Development Goals (SGDs). “For a country such as Sri Lanka, with established digital infrastructure, and 20.4 million people, gathering data should be more cohesive, and […]
Sri Lanka must enhance fiscal income to offset narrowing external drains: Fin Min
Mar 19, 2018 (LBO) – Sri Lanka’s Finance minister says the island must optimize utilizing local resources with a well-managed and efficient tax system as a pro-growth catalyst. My contention is that the new Inland Revenue Act will bring a paradigm shift to taxation in this country that is in line with our policy of […]
Sri Lanka lifts ban on Facebook
Mar 15, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed the Telecommunications Regulatory Commission to lift the ban on popular social media site Facebook, immediately. “On my instructions, my secretary has discussed with officials of Facebook, who have agreed that its platform will not be used for spreading hate speech and inciting violence,” the […]
Sri Lanka up four notches in World happiness ranking
Mar 15, 2018 (LBO) – Sri Lanka has moved up to 116 position with a score of 4.471 from 120 in the World Happiness Report 2018. The report ranks 156 countries by their happiness levels, and 117 countries by the happiness of their immigrants. The island was also ranked 43rd in the sub-category of best […]
Sri Lanka looks to Japan for assistance in waste management
Mar 15, 2018 (LBO) – President Maithripala Sirisena, making an observation tour of modern waste management centre in Japan said he would inquire about such projects in order to solve the garbage disposal problem in Sri Lanka. President Sirisena said that he would also inquire into the possibility of obtaining assistance from Japan for such projects. […]
‘s restrictions on WhatsApp to be removed at midnight: Official
Mar 14, 2018 (LBO) – The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) said the ban on phone messaging application WhatsApp will be lifted at mid-night, Wednesday (14th). Austin Fernando, chairman of the Commission was quoted as saying that the ban effective from last Tuesday would be taken off later today. The government lifted the […]
‘s Koggala EPZ earns USD122 Mn in 2017
Mar 14, 2018 (LBO) – The Board of Investment’s (BoI) Koggala Export Processing Zone (KgEPZ) contributed US 122 million dollars worth of exports earnings in 2017, emerging as a major economic centre in the South and an important contributor to the economy. The working population in the zone currently stands at 14,070 of which 80 percent […]
President visits Japan to strengthen trade ties
Mar 14, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena is presently engaged an official tour of Japan with the aim to further strengthening the long standing bilateral relations between the two nations.During this visit, the President is scheduled to meet Emperor Akihito and Empress Michiko.The President will also hold bilateral discussions with the Japanese […]
Sri Lanka to get USD100Mn from India for solar projects
Mar 14, 2018 (LBO) – The Indian government announced a Line of Credit for US 100 million dollars to finance solar power projects in Sri Lanka, during a visit of President Maithripala Sirisena to India, recently. The project includes development of 200,000 rooftop solar units for low income families (for US 50 million dollars) and setting up of […]