Tag: Sri Lanka
Sri Lanka ranks 11th worst-affected in malware attacks in Asia
Aug 29, 2017 (LBO) – Microsoft Asia recently released regional findings from their global Security Intelligence Report which found that Asian countries, especially emerging ones, are most exposed to malicious programs. Out of the top locations across the globe most at risk of malware infection in the first quarter of 2017, most of them are […]
Sri Lanka motor car registrations rise to 3,221 units in July: JB
Aug 25, 2017 (LBO) Sri Lanka’s motor car registrations rose to 3,221 units in July, up from 2,802 units in June, the highest monthly figure so far this year, JB Securities said in a research note. Registrations are still down from a high of 14,544 units in September 2015. ‘Overall, brand new motor cars have […]
ADB, Korean consultants study Trinco economic corridor
Aug 15, 2017 (LBO) – The Export-Import Bank of Korea together with the Asian Development Bank held a seminar on the Colombo-Trincomalee Economic Corridor (CTEC) recently with the aim of sharing the final policy consultation paper with the Sri Lankan government. Officials from the Ministry of National Policies and Economic Affairs, Ministry of Industry and […]
Sri Lanka industrialists call for China transparency
Aug 15, 2017 (LBO) – Sri Lanka has assured its industrialists that the forthcoming China FTA is designed keeping the local industry concerns in mind. Comprehensive information sessions on the forthcoming FTA will be held, after Lankan industrialists called for better transparency on the process. “We will not allow local industries and employment to be […]
GAAM: ASPI dips 1.1 pct for week, foreign inflow Rs199 mln
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Opinion: Why are Tamil Medium junior school students doing so abysmally in Sri Lanka?
By Jekhan Aruliah At my usual breakfast haunt in Jaffna I pay Rs40 for two fresh dosai with all the spicy pol sambal and tasty sambar I can eat (tea is an extra Rs30). I pay many times more for two dosai with accompaniments at a fancy Colombo 5 star hotel I know. The difference […]
Sri Lanka to emphasize KPIs in budget preparation: Finance Ministry
Aug 14, 2017 (LBO) – Sri Lanka’s finance ministry will focus on inclusion of key performance indicators (KPIs) for all budget proposals from ministries when preparing the budget for 2018. All proposals by line ministries, provincial ministries and the heads of departments should include details of output of such projects accompanied with KPIs, as the […]
‘s public finances strengthening, says IMF in country report
Aug 11, 2017 (LBO) – Sri Lanka’s overall fiscal deficit decreased from 7 percent to 5.4 percent of GDP between 2015 and 2016, with public finances strengthening under an IMF supported program, the fund said releasing its country report. The budget deficit is projected to fall to 5.2 percent of GDP in 2017, although the […]
Nasdaq quoted Synopsys to invest in R&D capabilities in Sri Lanka
Aug 09, 2017 (LBO) – Synopsys, Inc., a Nasdaq quoted leader in the electronic design automation industry (EDA), says it will invest futher in R&D capabilities in its Sri Lanka operations. “To extend its local R&D capabilities, Synopsys is working with the University of Moratuwa, the University of Peradeniya and the University of Ruhuna to […]
Sri Lanka, UN sign Sustainable Development Framework, USD 300 mln pledged
Aug 04, 2017 (LBO) – Sri Lanka’s Government and the United Nations have signed the 2018 – 2022 United Nations Sustainable Development Framework (UNSDF), which pledges to invest US 300 million dollars over the next five years. The agreement pegs UN assistance to Sri Lanka’s long term development priorities. online pharmacy buy diflucan with best […]
No Confidence Motion against Sri Lankan Foreign Minister submitted
By P.K. Balachandran Thirty two members of the Joint Opposition in the Sri Lankan parliament on Thursday submitted to the Speaker a Motion of No Confidence against Foreign Minister Ravi Karunanayake for alleged financial links with Arjuna Aloysius, a businessman involved in the 2015 Central Bank bond scam. Leader of the National Freedom Front, Wimal […]
Confusion over Lankan port deals may stymie FDI in maritime sector
By P.K. Balachandran Continuing confusion over the terms of foreign participation in the development of Sri Lanka’s ports threatens to stymie Foreign Direct Investment (FDI) in the island nation’s maritime sector. It is not only the Hambantota port, but the Colombo port’s East Terminal and the to-be-constructed Trincomalee port that have become victims of policy […]