Bilateral agreements reached during President’s China visit to bring about health service advances, technical training

Four bilateral agreements have been reached during President Maithripala Sirisena’s official visit to China. Chinese President Xi Jinping and First Lady Peng Liyuan officially welcomed Sri Lankan President Maithripala Sirisena  at the Great Hall of the People in Central Beijing, China on Thursday morning. President Sirisena was extended a warm welcome with a guard of honour being accorded to him. …

Sri Lanka lags far behind neighbors in innovation and technological adoption – ADB

Mar 26, Colombo: Despite that innovation is becoming an important policy agenda for Sri Lanka, the country lags far behind its South Asian neighbors in innovation and technological adoption, a recently released report of the Asia Development Bank (ADB) said. The Global Competitiveness Index of the World Economic Forum ranks Sri Lanka behind other countries in university-industry collaboration in research …

Sri Lanka lacks skilled labor force to support socio- economic demands: Deputy Minister

Mar 25, 2015(LBO) – Sri Lanka needs to create a skilled labour force who will be able to compete with international markets in the phase of implementing new regime’s social market economy, Deputy Minister of Finance and Planning Harsha De Silva said. “We need a radical change in grade one admission in school and go beyond teaching science and mathematics …

Sri Lanka’s economy expected to moderate in 2015 due to political transition

Mar 24, Colombo: Postwar economic recovery in Sri Lanka is expected to moderate in 2015 as investors await clarity on the new administration’s plans for governance reform and economic policy, the Asian Development Bank’s flagship annual economic publication, Asian Development Outlook 2015 (ADO), released today says. Sri Lanka’s economy posted a growth rate exceeding 7.0% in every year since 2012 …

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Cabinet Sub-committee to be appointed to review Uma Oya multipurpose irrigation project

Mar 21, Colombo: Sri Lankan President Maithripala Sirisena says Cabinet subcommittee will be appointed to review the plans of Uma Oya multi-purpose development project, which has extensively been discussed lately. The President, who is also the Minister of Mahaweli Development and Environment, has instructed the Secretary of the Ministry of Environment Conservation to immediately provide a report on the present …

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Sri Lanka likely to follow Vietnam’s methods to achieve rapid agricultural and industrial growth

Fri, Mar 20, 2015, 12:02 am SL Time, ColomboPage News Desk, Sri Lanka. Mar 19, Colombo: Sri Lanka’s President Maithripala Sirisena said Vietnam’s rapid agricultural and industrial growth is a good example for other developing countries such as Sri Lanka to emulate. Meeting with Vietnam’s Ambassador in Colombo, Phan Kieu Thu at the Presidential Secretariat today, President Sirisena said Sri …

Sri Lanka budget proposals positive for large spirit makers – rating agency

Mar 19, Colombo: Sri Lankan government’s proposals to impose a minimum excise tax on liquor and beer manufacturers and tighten issuance of liquor licenses are positive for larger spirit manufacturers, including Distilleries Company of Sri Lanka, a global rating agency said. The impact is likely to be neutral for beer manufactures, including the market leader Lion Brewery PLC, the Fitch …

Flying over Port City a taboo

The Colombo Port City project has run into a fresh snag with Sri Lanka’s Civil Aviation Authority pointing out to the government that the air space over the Chinese held area will exclusively be held by China. According to Article 01 and 02 of the Convention on the Civil Aviation which was signed in Chicago in 1944 – to which …