Tag: lbo
Sri Lanka extends deadline for exchange of mutilated currency notes
Jan 01, 2018 (LBO) – Sri Lanka’s Central Bank said it had decided to extend the time period for the exchange of currency notes at Licensed Commercial Banks (LCBs ) up to 31 March 2018. The bank made the decision after members of the public revealed their difficulties in exchanging wilfully defaced currency notes at LCBs and […]
CA Sri Lanka accepting applications from corporates for 53rd Annual Report Awards competitions
(PRESS RELEASE) – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is now accepting applications for the coveted 53rd Annual Report Awards Competition from companies producing annual reports. The competition will honour the most cohesive, clear and customized annual reports that better reflect an entity’s operations, whilst going beyond their statutory boundaries of […]
‘s Foreign Minister
(PRESS RELEASE) – From 19-21 July, Jeffrey Feltman, Under Secretary-General for Political Affairs, will travel to Sri Lanka to follow-up on his 2015 visit, to take stock of progress in the country and engage national stakeholders on the peace building process. During his visit, USG Feltman will meet with government officials and leadership of the Tamil […]
World Bank doubles assistance to Sri Lanka over next three years
July 13, 2017 (LBO) – Sri Lanka will receive US1,340 million dollars in financial and technical assistance through a transitional support facility of the International Development Association (IDA), a member of the World Bank group, over the next three year period starting from July, the finance ministry said. Previously Sri Lanka received US 660 million dollars IDA […]
Sri Lanka to manage use of polythene, polystyrene
July 13, 2017 (LBO) – Sri Lanka’s government has decided to manage the use of polythene with the intention of minimizing its environmental impact from September this year. The cabinet has approved a proposal made by President Maithripala Sirisena, in his capacity as the Minister of Mahaweli Development and Environment, to implement short term, medium […]
Sri Lanka to go ahead with LNG plants from India, Japan
July 12, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to issue letters of intent to build two LNG power plants in the island. These two plants, which will generate 500MW each, is to be carried out by India and Japan, a cabinet decision said without revealing details. In April this year, […]
‘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 […]