Tag: Sri Lanka
Australian miner to drill for mineral samples in Puttalam, Sri Lanka
June 08, 2016 (LBO) – Australian miner Iluka Resources Ltd is expected to drill for mineral samples soon as it negotiates with the government for a mining license for ilmenite in Puttalam, Sri Lanka. “Iluka is currently assessing the development of a mineral sands deposit known as the Puttalam Quarry deposit. The Puttalam Quarry deposit […]
Sri Lanka, Germany sign agreements to enhance bilateral cooperation
Feb 18, 2016 (LBO) – Sri Lanka and Germany have agreed to strengthen bilateral relations between the two countries and promote development activities in Sri Lanka through German assistance. The two countries have signed agreements on a wide range of cooperation that covers Education, Language, Museaology, heritage and Art conservation, Higher Education, Sports. On behalf of […]
Sri Lanka can be pendent in the necklace: Tourism officials
Feb 11, 2016 (LBO) – Sri Lanka is a market on the verge of taking off as tourist hot spot and the island should try to lure more brands into the country, a senior industry official said. “Sri Lanka is the pendent in the necklace, you have unique location right in the middle of the […]
Sri Lanka gets UK assistance for serious fraud investigations
Dec 19, 2015 (LBO) – Sri Lanka is the first country in the world that received a tailored package of training from a senior investigator of UK Serious Fraud Office, UK’s Deputy High Commissioner to Sri Lanka, Laura Davies, said in a recent blog post.According to Davies the UK was one of the first to […]
Sri Lanka, Indonesia trade increased 32-pct in 2014
Oct 14, 2015 (LBO) – Trade between Sri Lanka and Indonesia increased by 32 percent in 2014 and there is vast economic and trade potential that can be explored between the two nations, the Indonesian ambassador said. “Considering that Indonesia is the 16th largest economy in the world, the current trade value between Sri Lanka […]
Sri Lanka, China trade chambers eye mutual benefits for SMEs
Sep 21, 2015 (LBO) – Sri Lanka’s business chamber on Monday signed a memorandum of understanding with their Beijing counterpart to work together to promote trade and commercial ties between the two countries.The MOU looks forward to share information with regard to trade, technical transfer, and economic cooperation, the Ceylon Chamber said in a statement. Its primary […]
Sri Lanka, Australia bilateral trade up 18-pct in 2014
Sep 04, 2015 (LBO) – Two-way trade in goods between Australia and Sri Lanka has recorded an 18 percent increase last year over the previous year, Australian High Commissioner in Sri Lanka said.Speaking at a recent event High Commissioner Robyn Mudie said the bilateral trade in goods has reached 420 million Australian Dollars in 2014.“Our […]
EU monitors say poll well-administered, some rules restrictive
Aug 19, 2015 (LBO) – European Union election monitors said on Wednesday the parliamentary election in Sri Lanka was well-administered and offered voters a genuine choice from among a broad range of political alternatives.“On top of the positive legal changes, these have been the most peaceful elections in Sri Lanka in a long time,” Ignazio […]
‘s Ceylon Chamber economic policy forum kicks off
Aug, 04, 2015 (LBO) – Sri Lanka’s Economic Summit 2015, with the participation of Sri Lanka’s President Maithripala Sirisena and Ranil Wickremesinghe will kick off Tuesday (04), in capital Colombo.The forum will cover national vision including: Policy Implementation and Perspective, A New Global Economic Strategy for Sri Lanka, Driving Exports – Use of Social Media […]
Sri Lanka private sector credit growth expands, Policy rates to be maintained: Central Bank
July 24, 2015 (LBO) – Sri Lanka Central Bank says credit to the private sector by commercial banks grew by 17.6 per cent, year-on-year, in May 2015, given the low interest rate environment in the Island. In absolute terms, credit to the private sector expanded by 48.6 billion rupees in the month of May and […]
Sri Lanka mulls national policy for economy after polls
June 17, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government plans to bring a national policy for the economy following the scheduled general election and the forming of a new government.“A National policy needs to be brought in.At the moment it is still a fragile situation,” Ravi Karunanayake told LBO […]
Sri Lanka’s NDB debenture oversubscribed
June 17,2015 (LBO) – Sri Lanka’s National Development Bank’s debt issue was oversubscribed reciving 10 billion rupees during the early hours of the opening day as per the disclosures made to the CSE by the Registrars to the Debenture Issue, a statement said. The company issued 75,000,000 rated unsecured subordinate redeemable debentures with a par […]