Tag: lbo
Sri Lanka targets USD2.5Bn FDI in 2018
Oct 05, 2018 (LBO) – Sri Lanka is targeting 2.5 billion US dollars worth of foreign direct investments (FDI) for 2018 from 1.63 billion US dollars in 2017, a senior official said. “Our target is 2.1 billion US dollars and we are trying to stretch it to 2.5 billion US dollars,” Mangala Yapa, member, Board of Directors, Board […]
President, NEC hold discussions on devaluation of rupee and economy
Oct 05, 2018 (LBO) – Special attention was drawn at a discussion regarding the promotion of Sri Lanka’s export sector and managing the devaluation of the rupee by the National Economic Council, headed by President Maithripala Sirisena. The NEC gathered under the patronage of President Maithripala Sirisena at the Presidential Secretariat, Wednesday with the participation […]
Fin Min calls public proposals for Budget 2019
Oct 05, 2018 (LBO) – Sri Lanka’s Finance Ministry has called on all stakeholders and professional bodies to present their proposals for the 2019 Budget. Issuing a statement the Ministry extended an invitation to individuals, professionals, academia and all other industries to provide their suggestions for the 2019 Budget proposal on or before 12 October. The […]
Sri Lanka tea prices marginally up in Sept 2018
Oct 04, 2018 (LBO) – Auction average for the month of September 2018 totalled Rs.537.77 compared to Rs.534.02 of August 2018 showing a marginal increase of Rs.03.75 month on month, a new report said. “However in comparison to September 2017 average of Rs.635.40 it shows a substantial decrease of Rs.97.63,” Forbes & Walker Tea Brokers said […]
M Power Capital raises Rs 1.5Bn in corporate debt
(PRESS RELEASE) – Sri Lanka’s M Power Capital Limited (MPC) initially focused on mergers and acquisitions, other corporate finance advisory mandates and middle market related private equity transactions.With the addition of a specialist debt team in 2018, MPC has now mobilised over 1.5 billion rupees for issuers of debt securities, other corporate debt instruments as well […]
Illicit tobacco: Tackling the threat to national law and order
(PRESS RELEASE) – RIU – Increasingly the illicit tobacco network is becoming a threat to national law and order as well as security. Benefitting from access to new markets with different legal and cultural conditions, organised crime has expanded its engagement in illicit trade significantly. In a recent report on the tobacco industry the Research Intelligence […]
Reigning Miss World visits Sri Lanka
Key officials of the Miss World Organization including the Reigning Miss World arrived in Sri Lanka on Sunday 30th September on an exploration visit of the island.The high profile delegation is looking at the possibility of selecting Sri Lanka as the host nation for the world renowned pageant in 2020 or 2021. The delegation paid […]
Young people at the centre of social innovation and entrepreneurship: UN
Oct 03, 2018 (LBO) – Today’s generation of young people is the largest the world has ever known.One in every three people alive today is under the age of thirty, and around ninety per cent of these young people are living mainly in Asia and Africa. In Sri Lanka, nearly a quarter of the population […]
327 new Chartered Accountants, 158 conferred FCA designation: CA Sri Lanka
Oct 03, 2018 (LBO) – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) conferred the distinguished Associate Chartered Accountants (ACA) designation to 327 new Chartered Accountants. 158 existing members of the institute, were conferred with the Fellow Chartered Accountant (FCA) status, elevating them to the highest stratum in their professional careers. Issuing […]
Govt. expenditure for 2019 Rs.4,376Bn : Budget deficit 4.1-pct
Oct 02, 2018 (LBO) – As per the Appropriation Bill, which was presented to the Cabinet recently by Finance and Media Minister, Mangala Samaraweera, next year’s annual state expenditure will be 4,376 billion rupee.The budget deficit will be 644 billion rupees, 4.1 percent of Gross Domestic Product, the Finance Ministry said issuing a statement. The Government […]
‘s visit to Oslo
Oct 02, 2018 (LBO) – The Sri Lanka Association for Software and Services Companies (SLASSCOM) will host multiple events in Norway and Sweden with the participation of the Prime Minister Ranil Wickremasinghe, who is visiting Oslo during 3rd to 5th October. The PM will be accompanied by the Minister of Fisheries and Aquatic Resources Development […]
ADB provides USD300Mn for elevated highway
Sept 28, 2018 (LBO) – The Asian Development Bank’s (ADB) has approved a US 300 million dollar loan to help in the construction of about 5.3 kilometers (km) of elevated toll highway with related facilities between the New Kelani Bridge (NKB) and Galle Face in central Colombo in Sri Lanka. The new highway is expected […]