Tag: lbo.lk
FM Ali Sabry to attend annual meeting of board of governors of ADB, in S Korea
Foreign Minister Ali Sabry will leave for Incheon, South Korea to attend the 56th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB), scheduled to be held from 2-5 May 2023, representing President Ranil Wickemesinghe. The Annual Meeting is a high-level event attended by around 3,000-4,000 participants, including Ministers of Finance, Governors of […]
President directs immediate action to solve plantation sector issues
President Ranil Wickremesinghe says that the government is committed to carrying out its agricultural modernization plan. Speaking at recent meeting held at the Presidential Secretariat he emphasized that there are several issue fading the sector and that one of the main challenges was related to the Mahaweli Authority and its lands, which are now being […]
‘s Central Bank says structural reforms needed for short and long-term issues: Annual Report
The implementation of structural reforms focusing not only on restoring near term stability but also on rebuilding the nation with adequate safeguards and resilience in the post-debt restructuring and post-IMF bailout era is vitally important for permanent revival from the current economic crisis, Central Bank of Sri Lanka releasing its 2022 annual report said. The […]
HC Moragoda meets IndiGo co-founder Bhatia to discuss enhancing air connectivity between SL and India
Continuing his discussions with large-scale Indian investors and corporate leaders, Sri Lanka’s High Commissioner to India Milinda Moragoda met with IndiGo airline’s co-founder and Managing Director Rahul Bhatia on 26 April in New Delhi. This was a follow-up to the meeting that they had in December last year. The discussion between High Commissioner Moragoda and Bhatia was centred […]
Evacuation of Sri Lankans in Sudan
Ensuring the safety and security of Sri Lankans stranded in the Republic of the Sudan is the primary concern of the Government of Sri Lanka. Sri Lanka continues to monitor the evolving security situation in the Sudan and is closely working with its international partners, including the Government of India and the Kingdom of Saudi […]
Govt not making insurance claim on Xpress Pearl ship a deliberate attempt to delay process -Eran
SJB Parliamentarian Eran Wickramaratne speaking in Parliament on the debate on Express Pearl ship said that Justice Minister Wijedasa Rajapaksa also admitted that while Sri Lanka had the opportunity to receive compensation between 5.2 billion dollars and 10 billion dollars from the Express Pearl ship, 250 million dollars has been remitted to a British bank […]
Opportune time for foreigners to invest in an apartment: RIUNIT
The Research Intelligence Units suburban apartment price index for February reveals that the apartment prices are continuing to decline in USD terms making it an opportune time for foreign investors. However, this is not the case when the prices are calculated in LKR terms, RIUNIT says.According to the latest RIUNIT data, suburban average apartment price […]
Plans underway to remove the lubricant levy to paralise the regulator: PUCSL Chair
The Ministry of Power and Energy has proposed to remove the lubricant levy from the Public Utilities Commission of Sri Lanka (PUCSL), the shadow regulator of Lubricant market without providing a proper justification, to parallelize the independency of the Commission, Janaka Ratnayake, PUCSL Chairman said. The Commission has been regulating the lubricant market for 17 […]
Sri Lanka becomes regional hub for enhancing connectivity for Daraz Group
The Daraz Group recently convened its strategic management meetings in Colombo Sri Lanka. The leadership teams and senior management from the Daraz’s offices in Pakistan, Bangladesh, Nepal, Singapore and Dubai met in Colombo for this forum where the Group strategy and direction for the new financial year was discussed and finalised. Commenting on the opportunity, […]
Ceylon Chamber mobilises corporate sector support to adopt 105 Suwa Seriya ambulances
The Ceylon Chamber of Commerce successfully facilitated the adoption of 105 Suwa Seriya ambulances, valued at Rs.525 million rupees, to support Sri Lanka’s healthcare system. Suwa Seriya is a pioneering ambulance service launched by the Government of Sri Lanka to provide swift emergency medical care to those in need, especially in rural and remote areas. […]
Sri Lanka tourist arrivals up in Feb 2023
Tourist arrivals increased in February 2023 to 107,639, compared to 102,545 arrivals recorded in January 2023 and 96,507 recorded in February 2022, data from the Central Bank of Sri Lanka shows. Russia, India, the United Kingdom, Germany, and France remained the main source countries for tourist arrivals in February 2023. Earnings from tourism in the […]
Dutch companies exploring investment opportunities in renewable energy and sustainable agriculture: Envoy
The Dutch companies are eager to explore investment opportunities in renewable energy, eco-labeling and sustainable agriculture, if Sri Lanka can showcase a corruption free business environment, Her Excellency Bonnie Horbach, Ambassador to the Kingdom of the Netherlands in Sri Lanka stated at a meeting with the leadership of the Ceylon Chamber of Commerce, during Her […]