Sri Lanka obtains USD1.3bn foreign loans in 2016, China leads
June 13, 2017 (LBO) – Sri Lanka obtained 1.3 billion US dollars worth loans as project loans from various bilateral and multilateral development partners …
Economy
Former Sri Lankan president warns don’t be misled by GSP+ benefits
June 12, 2017 (LBO) – Sri Lanka’s former president Mahinda Rajapaksa says fulfilling the conditions to qualify for GSP+ could cause permanent …
ADB grants USD2 mln as flood relief aid to Sri Lanka
June 09, 2017 (LBO) – The Asian Development Bank (ADB) has approved a two million dollar grant to finance relief efforts in Sri Lanka following the …
Sri Lanka Treasury issues Rs825bn guarantees in 2016
June 09, 2017 (LBO) – The Treasury Operations Department has issued treasury guarantees and sovereign guarantees of 824.73 billion rupees at the end of the …
Sri Lanka to sign Strategic Economic Partnership with Thailand in August
June 09, 2017 (LBO) – Sri Lanka and Thailand has come to a consensus on a trade in goods Free Trade Agreement before it signs a Strategic Econ …
Sri Lanka has been living beyond its means: Governor
June 09, 2017 (LBO) – Sri Lanka has been living beyond its means, with recurrent expenditure higher than revenue, Governor of Central Bank Indrajit …
Sri Lankan banks likely to come under capital pressure from Basel III: Fitch
Jun 07, 2017 (LBO) – Sri Lankan banks are likely to come under increased capital pressure from Basel III-related requirements, Fitch Ratings said in a …
Sri Lanka trade gap widens 34-pct in March
June 07, 2017 (LBO) – Sri Lanka’s trade gap has widened 34.1 percent to 827.5 million US dollars in March from a year earlier, official data from the …
Sri Lanka growth to accelerate to 4.7-pct in 2017: World Bank
June 05, 2017 (LBO) – Sri Lanka’s growth is forecast to accelerate to a 4.7 percent rate in 2017 and 5 percent in 2018, a new World Bank report says. …
Sri Lanka vehicle registrations drop in April: JB Securities
Jun 02, 2017 (LBO) – Total vehicle registrations in Sri Lanka fell to 33,438 units in April from 40,021 in March, with declines in all major categories …
Dilmah, Expolanka to support LKI’s Global Economy Programme
Jun 02, 2017 (LBO) – Sri Lanka’s foreign policy think tank Lakshman Kadirgamar Institute has signed a memorandum of understanding with the MJF …
Opinion : Building the future, infrastructure in ASEAN and South Asia
By Anna Marrs ASEAN and South Asia are building infrastructure at an unprecedented rate. Anyone who travels the capital cities of this region knows it for a …
Sri Lanka to obtain USD200mn loan from Pakistan
Jun 01, 2017 (LBO) – Sri Lanka’s cabinet has approved obtaining of a loan worth 200 million dollars from Pakistan for the financing of priority development …
Four Sri Lanka state ministers, three deputy ministers take oaths
May 31, 2017 (LBO) – Several state ministers and deputy ministers took oaths before Sri Lanka’s President Maithripala Sirisena on Wednesday. The …
Reconciliation, peace a must for Sri Lanka’s economic success: Finance Minister
May 31, 2017 (LBO) – Sri Lanka’s newly appointed finance minister says to bring sustained investment and growth, Sri Lanka has to ensure peace and …
Foreign relief aid pledged to Sri Lanka after floods
May 30, 2017 (LBO) – Sri Lanka’s official flood death toll rose to 177 on Monday as the island sought international assistance. High Commissioners …
Ravi assumes duties as foreign minister, pledges to bring in more investment
May 26, 2017 (LBO) – Sri Lanka’s new Foreign Minister Ravi Karunanayake who assumed duties at the ministry Thursday pledged to focus on bringing in …
Sri Lanka’s trade deficit widens substantially this year
May 26, 2017 (LBO) – Sri Lanka’s trade deficit widened substantially in the first two months of the year, while a moderation in tourist earnings and a …
Sri Lanka’s new PPP Unit to be launched at Chamber’s Investment Conclave
May 25, 2017 (LBO) – Sri Lanka will launch its ‘Private Public Partnership (PPP) Unit’ at the upcoming ‘Sri Lanka Investment and Business Conclave …
Sri Lanka to reform methods of assigning leadership
May 25, 2017 (LBO) – Sri Lanka’s cabinet has given the go ahead for the implementation of reforms to establish a suitable method to assign …