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HEADLINES - 23rd August 2018


Macro issues and risks to be tackled in driving economic turnaround – DailyFT

In the first session at the Sri Lanka Economic Summit 2018, participants will be able to listen to three economic perspectives from the Government of Sri Lanka, IMF and Standard Chartered Bank.  State Minister of Finance and Mass Media Eran Wickramaratne, International Monetary Fund Resident Representative in Colombo Dr. Eteri Kvintradze, and Standard Chartered Bank Mumbai Economics Research Head (South Asia) Anubhuti Sahay will address the audience on the “how” and “when” of an economic turnaround.


Sri Lanka to set greenhouse gas emission targets – EconomyNext

Sri Lanka will set greenhouse gas targets in key economic sectors and come up with targets and activities for which foreign grants are available, under a proposal submitted by President Maithripala Sirisena as the minister for environment. The cabinet has approved the creation of activities in the fields of power, industries, garbage disposal and forests to reduce greenhouse gas emissions, a statement from the state information office said.


Sri Lanka to ban filling up of wetlands in capital Colombo – EconomyNext

Sri Lanka will impose a moratorium on filling up wetlands in and around the capital Colombo and designate them as protected areas, following recommendation made by an expert committee, the state information office said.


CEA to take legal action against LGAs for not sorting waste – DailyFT

The Central Environmental Authority (CEA) is to take legal action against the Local Government Authorities (LGAs), which are handling garbage haphazardly without segregating biodegradable and non-biodegradable waste, a top officials of the CEA said.


Wayamba Ela Stage II begins tomorrow – Daily News

President Maithripala Sirisena will inaugurate Stage II of the Wayamba Ela Project tomorrow. This giant development project will supply water to the Northern Province minimising the water scarcity faced by the people in the Province in irrigating farmland.


Public transport by boat Canals to ease traffic congestion – Ceylon Today

Government has decided to turn the canal system in Colombo into a transport system, to ease the daily worsening traffic congestion in the metropolis. As a part of this solution, a proposal submitted to the Cabinet on 21 August by Minister of Megapolis and Western Development to commence a public transport boat system targeting the Beira Lake from Colombo Fort to the Ibbanwela Junction at Union Place has received Cabinet approval.


Cabinet green-lights 5000 export production villages – DailyFT

As another step by the Government to improve exports, Cabinet has approved the establishment of 5000 export production villages countrywide, with the first phase to be rolled out in the next two years.  


East gets aluminium factory – Daily News

A BOI approved factory to produce aluminium material will be set up in Palamunai, Batticaloa, providing employment opportunities and income generation activities for the people of the Eastern province shortly.


Tourist Arrivals SL 6th among 7 Asian countries – Ceylon Today

Sri Lanka had the third lowest tourism ratio among seven Asian countries, captured in a Sri Lanka Tourism (SLT) survey done last year. Tourism is Sri Lanka’s third largest debt free foreign exchange earner.


‘Bangladesh eager to ink FTA with Sri Lanka’ – Daily News

Bangladesh is eagerly waiting the signing and the implementation of the FTA with Sri Lanka said Bangladesh Investment Development Authority (BIDA) Executive Chairman Kazi M. Aminul Islam.


CB hopeful SL will be out of FATF grey list by February 2019 – DailyFT

Central Bank Governor Dr.Indrajit Coomaraswamy this week expressed confidence that by early next year Sri Lanka will be able to move away from the Financial Action Task Force (FATF) grey list. “A great deal of work has been done under the guidelines of FATF. We are hopeful that by February next year, Sri Lanka will be able to move away from the FATF grey list. I believe this will give some room for us to manoeuvre in terms of moving forward digital transformation and particularly in Know Your Customer (KYC) requirements,” he told addressing at the CIO Confluence 2018 in Colombo on Tuesday.


Tea exports up 1.06% to Rs 133.8B in first seven months – Ceylon Today

Tea, Sri Lanka’s fourth largest debt free foreign exchange earner, saw export revenue in the first seven months of the year gain by 1.06% year-on-year (YoY) to Rs 133.8 billion, Forbes & Walker Tea Brokers in a report filed on Tuesday said.


New Executive Director at Lakshman Kadirgamar Institute (LKI) – LBO

Dr. Ganeshan Wignaraja has been appointed as the new Executive Director of the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI).  


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