Category: Other
Sri Lanka’s JVP demands President reveals Hambantota port agreement
Dec 27, 2016 (LBO) – Sri Lanka’s Marxist JVP today insisted the President should reveal the Hambantota port agreement to the country before signing the agreement with China. Writing a letter to the President, JVP Parliamentarian and COPE Chairman Sunil Handunnetti said their party is strongly against what they called ‘selling’ the port which is […]
Sri Lanka tea sees good demand in November
Dec 22, 2016 (LBO) – Tea production for the month of November totaled 27.3M/kgs, a gain of 2M/kgs against 25.29M/kgs of November 2015, Forbes & Walker Tea Brokers said in a report. “There was good demand all around,” the report said. ‘Ex-Estate offerings totalled a 0.9M/kgs vis-à-vis 0.7M/kgs the previous week. Overall quality of Western’s […]
Finance Min releases Rs7 bn to farmers for Maha season
Dec 21, 2016 (LBO) – The Finance Ministry will release 7 billion rupees to paddy farmers as a fertilizer subsidy during the Maha cultivation season, the ministry said in a statement. “The Finance Ministry has released 5.5 billion rupees to the Agriculture Ministry to be distributed among the farmers to purchase fertilizer for the Maha […]
Janashakthi to offer enhanced benefits to full option policyholders
Janashakthi General Insurance Limited (Janashakthi) signed a Memorandum of Understanding (MoU) with Associated Motorways Ltd (AMW) to offer special value additions to Janashakthi Full Option policyholders. As part of the agreement, in the event of an accident, Janashakthi Full Option policyholders are able to have their vehicles repaired and attended to at any of the […]
Sri Lanka eyes bigger role for private sector: Oxford Business Group
Sri Lanka’s evolving trade and investment laws and their impact on FDI levels will be analysed in a report on the country by the global publishing firm Oxford Business Group (OBG). The Report: Sri Lanka 2017 will shine a spotlight on the Colombo Port City and Megapolis initiatives, which, together with other big-ticket projects, are […]
Sri Lanka & Italy renews driving license agreement for permanent residents
Sri Lankan Embassy in Rome together with the Ministry of Foreign Affairs in Rome, the Motor Traffic Department in Italy and Sri Lankan Motor Traffic authorities renewed the Bilateral Agreement for Mutual Recognition of Driving Licenses between Italy and Sri Lanka. The formal exchange of Notes took place on 14th December 2016 at the Ministry […]
Tokyo Cement starts pilot operations of new manufacturing plant
Tokyo Cement Company (Lanka) PLC commenced initial testing of a cutting-edge cement manufacturing plant in Trincomalee at a soft opening ceremony held on the 8th of December. The fully-automated, hi-tech plant is the company’s fourth mill and is slated to nearly double their production capacity when it begins commercial operations in February 2017. The cement […]
‘s agriculture exports
Dec 19, 2016 (LBO) – Reducing non-tariff barriers (NTBs) in Sri Lanka is a significant step towards realizing untapped export potential within agricultural sectors such as fruit, vegetables, seafood and floriculture, trade experts say. Reducing domestic NTBs is a relatively easy but significant step towards encouraging diversification, where high transaction costs have acute implications on […]
‘s People’s Bank unveils new corporate logo
People’s Bank proudly launched its new logo recently to reflect the Bank’s evolution to keep pace with new global banking trends and to cater to fast-changing aspirations of customers. Reflecting trust, sophistication and efficiency, the symbolic hands in the new logo represent good governance and the peoples’ co-operation and unity. This initiative reflects People’s Bank’s […]
Sri Lanka and Tajikistan strengthen trade and investment ties
“Sri Lanka is keen to strengthen economic relations and explore new vistas for bilateral trade engagements with Tajikistan”, stated Hon. Dr. Harsha de Silva, Acting Minister of Foreign Affairs, when he made the welcome remarks at the Sri Lanka- Tajikistan Business Meeting held on 14th December 2016 in Colombo. The Business Meeting was held to […]
‘s President arrives in Malaysia
President Maithripala Srisena arrived at the Kualalumpur International Airport this afternoon (December 15) commencing his 3-day state visit to Malaysia. He was received by the Malaysian Human Resource Development Minister Dato Sri Richard Riot Anak Jaem and senior officials. The staff members of the Sri Lanka High Commission and their family members were also present […]
Gulf Air & Jet Airways to launch new Colombo flights from January 2017
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