Tag: Sri Lanka
Sri Lanka should strive for better balance between social development and wealth creation: Economist
May 05, 2015 (LBO) – Sri Lanka has good social development indicators but lack the appropriate balance between social development and wealth creation, a senior economist said. “Sri Lanka has been extremely successful in terms of social development according to the United Nations Millennium Development Goals (MDGs) but has not been able to achieve the […]
Sri Lanka to maintain mid-single digit inflation levels till end 2015: Central Bank
May 5, 2015 (LBO) – Sri Lanka is expected to maintain single digit inflation until end 2015 and inflation is expected to be maintained in the range of 3-5 per cent in the medium term, Central Bank annual report 2014 said. Meanwhile, annual consumer price inflation is projected at 3.0 per cent in 2015 and […]
Sri Lanka to develop a new policy for investment: BOI Chief
May 05, 2015 (LBO) – Sri Lanka’s Board of Investment said, that it is developing a new policy framework for investments with the help of a panel of experts. “We are in the process of creating an economic investment policy for Sri Lanka,” Upul Jayasuriya, Chairman of BOI told reporters at a briefing held last […]
‘s Central Bank to open a regional office in Kilinochchi
May 04, 2015 (LBO) – The Central Bank of Sri Lanka will be opening its regional office in in Ariviyal Nagar, Kilinochchi on 06th of May, a statement said. The bank will declared open by Minister of Resettlement, Reconstruction and Hindu Affairs D M Swaminathan and Deputy Minister of Policy Planning, Economic Affairs, Child, Youth […]
US pledges support for Sri Lanka
May 3, 2015 (LBO) – United States Secretary of State, John Kerry, has promised the government all possible assistance to continue its current process in the coming months and years, a statement said.“We respect and value your work,” Kerry was quoted saying when he paid a courtesy call on the President today at the Presidential […]
Sri Lanka’s 19th amendment debate in progress; protest backing 19A
Apr 27, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena making a special statement in the parliament on Monday opened the debate of much awaited 19th amendment to the constitution.“I don’t think there were any state heads that acted with such flexibility to remove these powers and I expect all of you to vote for […]
Sri Lanka’s President leaves for Pakistan: Trade discussions on the table
Apr 06, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena left for Pakistan yesterday on a a three-day state visit on the invitation of Prime Minister Muhammad Nawaz Sharif, the presidents office said in a media release. The President plans to hold bilateral discussions with the President of Pakistan Mamnoon Hussain, Prime Minister Nawaz Sharif […]
’s govt. will not allocate money for development projects with no agreements: Finance Ministry
Mar 10, 2015 (LBO) – Sri Lanka’s Finance Ministry will not allocate funds for the development projects which don’t have legitimate agreements, Minister Ravi Karunanayake said earler today in Colombo. “We have not reduced a single cent from the allocation of the development projects which are legitimate,Karunanayake told journalists.We won’t pay the money,if there is […]
’s President
Mar 10, 2015 (LBO) –Sri Lanka’s President Maithripala Sirisena held bilateral discussions with Britain’s Secretary of State for Defence, Michael Fallon,March 9, 2015 in London. President Sirisena is on an official visit to the UK.
Sri Lanka govt. investigation on Port City to be closely monitored by China
Mar 09, 2015 (LBO) – Sri Lanka to be closely watched by Chinese government with regard to suspension work of the 1.4 billion US dollar sea reclamation project, an official said The new rulers decided to temporarily suspend the controversial Colombo Port City project last week in line with the review outcomes of relevant Technical […]
Modi plans to script a golden chapter in Indo – Lanka relationship
Mar 09, 2015 (LBO) – Indian Prime Minister Narendra Modi who is set to visit Sri Lanka on March 13 and 14 and said he planned to take Indo-Lanka relations to a new level during his visit.œIndia is committed in its support for Sri Lanka’s development and am sure together we are going to script […]
’s order to halt work
Mar 08, 2015 (LBO) – A Chinese firm who build the port city in Sri Lanka said it has received official communication from the Sri Lankan government to postpone ongoing work of the 1.4 billion US dollar project, with immediate effect and will comply accordingly. However the firm also said that it will all necessary […]