Tag: lbo.lk
‘s new Inland Revenue Act will be investor friendly: Finance Minister
July 12, 2017 (LBO) – Sri Lanka’s Finance Minister says the main objective of the new Inland Revenue Bill is to simplify the tax system in order to create an investor friendly environment to attract more foreign investments. “The new Inland Revenue Bill will broad-base the tax system and incorporate globally accepted new tax principles […]
UNDP to help uplift local SMEs through National Trade Fair
July 11, 2017 (LBO) – The United Nations Development Programme (UNDP) Sri Lanka will organize Aadhayam 2017, a national trade fair, to help businesses expand and promote innovation, employment, skill development and local enterprise. Aadhayam 2017 will create a favorable platform for Sri Lankan small and medium sized enterprise to connect with larger markets and expand business […]
Govt to provide rice at concessionary rate: President
July 11, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena says the government will provide rice at a concessionary rate to the public by importing it from other countries, if the price goes up in the local market further. Paddy production in the island decreased due to the recent drought he said, while addressing a ceremony […]
‘s education ministry
July 10, 2017 (LBO) – Food and Agricultural Organization of the United Nations (FAO) with the Ministry of Education kicked off a project where schools develop their own garden for child nutrition and life skills. “School gardens can be used as a classroom by reconnecting children with the outdoors and the source of their food,” said Nina Brandstrup, […]
‘s first TIER III Certified Data Centre and Media Hub
(Press Release) – Dialog Axiata Group announced last Friday, the commissioning of Sri Lanka’s first Tier III certified data Centre and media bub. Dialog, Sri Lanka’s premier connectivity provider and a leader in the provision of world class enterprise solutions was recently awarded a TIER III Constructed Facility Certification (TCCF) from the UPTIME Institute for […]
Sri Lanka launches hotline for garbage collection in Colombo
July 05, 2017 – Sri Lanka’s Provincial Councils and Local Government Ministry has launched a hotline for people to make complaints about garbage collection in the Colombo Municipal area. The ministry has set up a special unit called the “National Task Force for Management of Waste” which will be manned by the tri-forces and an […]
No reason for qualified hoteliers to look for jobs overseas: Amaratunga
July 04, 2017 (LBO) – Sri Lanka’s Minister of Tourism Development John Amaratunga says that there is no longer any reason for our qualified hoteliers to look for jobs overseas as their income will be greater if they stay here. “Today we have a serious issue with regard to manpower in the tourism and hospitality sectors. The […]
Sri Lanka launches FDI road map, reforms key: Prime Minister
July 04, 2017 (LBO) – Sri Lanka’s Prime Minister said that the island needs to fast track reforms as part of ambitious efforts to be ranked at least 70th in the ease of doing business rankings by 2020. The Premier Ranil Wickremesinghe, speaking at the launch of the road map on Investment Climate Reforms in […]
Sri Lanka Eco Summit to discuss ‘Walking the Talk’ for Greener Growth
July 03, 2017 (LBO) – The Importance of Sri Lankan businesses aligning its growth plans with greener practices to help develop a ‘sustainable era,’ will be discussed at the upcoming Sri Lanka Economic Summit 2017. The topic will be discussed at a thematic session titled, ‘Realizing a Greener Growth Path – Walking the Talk’, with […]
Japan provides Rs358 mln grant for public sector scholarships
July 03, 2017 (LBO) – The Japanese Grant Aid for Human Resources Development Scholarship (JDS) Programme has offered grant assistance of 358 million rupees to Sri Lanka for the year 2018 to provide 15 Scholarships. The system was introduced in Sri Lanka in 2010 by the Government of Japan in order to provide opportunities for […]
Sri Lanka enters USD34mln financing for smallholder agribusiness
July 03, 2017 (LBO) – International Fund for Agricultural Development (IFAD) and the Government of Sri Lanka have signed a financial agreement for the implementation of the Smallholder Agribusiness Partnership (SAP) Program. The programme will provide a platform for 57,500 poor rural households to increase their income and food security by expanding livelihood and business […]
Sri Lanka CCC appoints Rajendra Theagarajah as new chairman
June 30, 2017 (LBO) – The Ceylon Chamber of Commerce appointed Rajendra Theagarajah as its new Chairman during its 178th AGM held in Colombo, Thursday. Theagarajah, a veteran banker, succeeds the outgoing Chairman Samantha Ranatunga, who led the Chamber during the past two years. He functioned as the Vice Chairman, Deputy Vice Chairman, Board Member […]