Hunting for investor to revive Srilankan
US based BlackRock shows interest in Srilankan airlines: Minister.So far there are 8 EOIs confirmed for the national carrier with two more being finalized. SriLankan was given 100 million dollar bailouts from the Treasury during the previous administration to keep afloat.In 2015 the airline had losses of about 16 billion rupees, down from about 30 billion in 2014.Read More
Tourism promoted as the lifeblood forex industry
Govt. targets 4 m tourists and $ 10 b earnings by 2020.In parallel with the World Tourism Day celebrations, the International Research Symposium was held under the theme of ‘Integration and Networking Sri Lanka Tourism Development for All’ at the BMICH in Colombo.Strategic collaboration of public, private and people partnership in tourism development is not only important, it is a necessity.Read More
It’s all about transparency and the right to know
President stresses citizens’ right to information in preventing fraud and corruption.“True media freedom cannot be enjoyed if media institutions only obey the wishes of their owner,” he said.The keynote address at this 2 day conference was delivered by Former Chief Justice of the Delhi High Court and Chairman of the Law Commission Judge Ajith Shah.There were instances where NGOs have acted against the Government and the expectations of the public.Read More
The strong digital vibes of Sri Lanka
Computer literacy up to 27% in Sri Lanka; 1 out of 4 households has a computer.Computer literacy among the employed population in Sri Lanka is 52.0% in the year 2015.Computer literacy among unemployed youth is very high.According to survey results, the computer literacy rate of unemployed youths in age groups 20–24 years and 25–29 years are 80.7% and 78.9%respectively.The survey results further reveal that the computer literacy is very high (69.5%) among those who are literate in English language.Read More
Borrowing locally to save the day
No foreign borrowings this year – Central Bank Governor, Dr.Indrajit Coomaraswamy.The new VAT format will be ready by end of next month.Sri Lanka will be able to maintain a growth rate of 5% and this will further increase by next year.
To achieve this target Sri Lanka’s exports and Foreign Direct Investments have to improve.With the regaining of GSP Plus and signing of ICTA Sri Lankan manufactures would also have access to over 3 million people which in turn would certainly help the export sector.
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