Tag: Sri Lanka
Violent activities targeting common opposition shows lack of democratic space under the MR regime: Karu Jayasuriya
Dec 23, 2014 (LBO) – UNP’s Karu Jayasuriya said that recent violent incidents targeting rallies and activists of the common opposition amply demonstrate the lack of democratic space under the dictatorial Rajapaksa regime. He said this issuing a statement yesterday. Media Statement Reproduced It is the best evidence of the urgent need to change course […]
‘s launched election manifesto today
UPFA Presidential candidate President Mahinda Rajapaksa’s election manifesto ˜Mahinda Chinthana Lowa Dinana Maga’ launched today at Colombo. Rajapaksa introduced his first manifesto at the 2005 Presidential election named Mahinda Chinthanaya and presented œMahinda Chinthana Idiri Dekma election manifesto for the 2010 Presidential election. The new manifesto launched today is based on the 2005 and 2010 […]
‘s opposition candidate Maithripala Sirisena to cancel JKH and Packer casino licenses
Dec 22, 2014, Sri Lanka opposition candidate Maithripala Sirisena has declared to cancel the casino licenses given to John Keells Holdings and Australian James Packer, who is in the casino business.Government announced its approval for corporate income tax holidays and import duty concessions on materials, on Feb this year for Lake Leisure Holdings (Private) Limited […]
Sri Lanka economy will grow irrespective of prevailing political situation in the Island : Official
Dec 16, 2014 (LBO) – Sri Lanka’s economy will grow irrespective of political out come in the Island, an official said. Sri Lanka will held a presidential election on 8th of January next year. Growth in the gross domestic product (GDP) of Sri Lanka was consistently robust in the first half of 2014 to 7.6 […]
’s growth relies on tapping in to global markets, says Economist
Dec 12, 2014 (LBO) – Sri Lanka’s economic growth will be driven by tapping into global market through exporting high value manufacturing products, agricultural products and services, a senior economist said. Sri Lanka is a 67 billion dollar economy, which I think not large by any strategy imagination, Deshal de Mel, Senior Economist of Hayleys […]
Sri Lanka policy rates unchanged: Inflation declines due to crude oil prices: Central Bank
Dec 12, 2014 (LBO) – Sri Lanka Central Bank says the current monetary policy stance is appropriate and accordingly decided to unchange the policy rate corridor at 6.50 percent to 8.00 percent, respectively. The impact of the contraction in pawning advances on the overall credit growth that was observed since early 2013 has now ended, […]
Belarus removes tax for Sri Lanka exporters
Dec 11, 2014 (LBO) – Sri Lanka has been removed from the list of off-shore countries from Belarus, benefiting Sri Lankan exporters a 15 percent tax waiver out on remittance of their export earnings back to Sri Lanka, Minister of Industry and Commerce of Sri Lanka said in a media a release. The total trade […]
Sri Lanka encourages people in North to invest in CSE to raise capital for businesses
Dec 10, 2014 (LBO) – Sri Lanka’s Securities and Exchange Commission’s chief said that, stock market is an alternative financial tool to raise capital for business activities and therefore Northern Province should take advantage of it and derive the benefits of capital market investments. More than 250 participants including professionals, academics and the business community […]
Sri Lanka reduces fuel and gas prices
Dec 07, 2014 (LBO) – The Government of Sri Lanka reduced the prices of fuel and gas with effect from midnight Friday, a media report said. The price of a 12.5 kilogram domestic gas cylinder have been reduced by 250 rupees. Price of a liter of petrol and diesel have been reduced by seven rupees […]
’s economy is stable and moving towards reducing poverty: Governor
Dec 05, 2014 (LBO) – Sri Lanka’s economy is stable and moving towards reducing poverty in the Island, Central Bank Governor, Ajith Nivard Cabraal said. He said electricity, road development and better income is needed to achieve this target. In 2005, only 72 percent of the county’s population were given electricity and 28 percent haven’t […]
07 Sri Lanka banks and finance companies wrap up consolidation plans in November 2014: Central Bank
Dec 01, 2014 (LBO) – Sri Lanka’s regulator driven consolidation is on track, completing 07 banks and finance and leasing companies’ (NBFIs) given approval for mergers and recapitalization during November 2014 and another 22 NBFIs and 4 banks are in progress for completion in due course, the Central Bank said. One-to-one meetings chaired by the […]
Sri Lanka gets foreign banks support: Central Bank
Dec 01, 2014 (LBO) – Sri Lanka’s Central Bank says that the foreign banks in Sri Lanka are expected to show greater participation in economic activities. Foreign banks in Sri Lanka are expected to demonstrate a greater participation in economic activities and to make significant contribution to the economy, Central bank said in a recent […]