IMF reaches staff level agreement on third review of Sri Lanka’s EFF
Oct 16, 2017 (LBO) – Sri Lanka’s central bank should stand ready to head off pressures on inflation and credit growth while continuing to enhance exchange …
Economy
Sri Lanka’s poor will benefit from more economic freedom
Oct 16, 2016 (LBO) – Sri Lanka’s poor stands to gain big benefits if more economic freedoms are given, while businesses and foreign investors …
Eran says sellers also responsible for Airbus deal
Oct 13, 2017 (LBO) – State Minister of Finance Eran Wickremeratne said that the Airbus Industrie is also responsible as buyers and sellers are both …
Budget 2018 will focus on start-up culture of ‘Empowering the Private Sector’: Fin Min
Oct 12, 2017 (LBO) – Sri Lanka’s Finance Minister said that the 2018 budget is aimed at creating a robust, flourishing and modern economy and will …
Frontier markets show divergent credit paths: Moody’s
(PRESS RELEASE) – Moody’s Investors Service says that frontier markets (FMs) will show differentiated credit exposure to rising interest rates …
Sri Lanka’s Appropriation Bill 2018 before Parliament today
Oct 09, 2017 (LBO) – Sri Lanka’s state Minister of Finance Eran Wickramaratne will present the Appropriation Bill to parliament on 09th October …
Sri Lanka’s GDP growth to reach 5-pct in 2018: ADB
Oct 09, 2017 (LBO) – Sri Lanka’s Gross Domestic Product (GDP) would be 4.5 percent at end 2017 and increase to 5 percent by end 2018, the Asian …
Sri Lanka to modernize financial sector with USD75mn loan
Oct 04, 2017 (LBO) – Sri Lanka’s Finance Ministry on Wednesday signed an agreement to modernize and improve the efficiency of country’s financial sector …
Central Bank chief to visit Northern Province to review indebtedness
Oct 03, 2017 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy will be visiting the Northern Province to review the situation of rural level …
ADB gives USD 900Mn for rural connectivity program in Sri Lanka
Oct 03, 2017 (LBO) – The Asian Development Bank’s (ADB) Board of Directors has approved financing of up to 900 million dollars for a program that will …
Sri Lanka down to 85th place in Global Competitiveness Index
Oct 02, 2017 (LBO) – Sri Lanka has slipped to 85th place, lowest in recent years in the World Economic Forum Global Competitiveness Index (GCI), a report …
CB should stand ready to tighten monetary policy if needed: IMF mission
A staff team from the International Monetary Fund (IMF) led by Jaewoo Lee visited Colombo during September 18-29, 2017 to hold discussions on the third review …
World Banks gives USD125mn loan for transport connectivity project
Sept 29, 2017 (LBO) – Sri Lanka’s government signed an agreement to get a 125 million dollar loan from the World Bank for the new Transport …
Sri Lanka exports grow 14-pct in July 2017 driven by industrial and argi sectors
Sept 29, 2017 (LBO) – Sri Lanka’s exports grew 13.9 percent with earnings from exports up to 1,016 million dollars in July 2017, the Central …
Sri Lanka Finance Ministry calls for Budget proposals
Sept 27, 2017 (LBO) – The Ministry of Finance calls for proposals from all stakeholders including the general masses to be included in the Budget – …
World Bank commends Govt on positive social indicators, willingness to engage with climate related disasters
(PRESS RELEASE) – Executive Director of the World Bank for the constituency of India, Bangladesh, Bhutan and Sri Lanka, S. Aparna, together with the …
EU pledges Rs. 5.4Bn for rural development in Uva and Central Provinces
Sept 22, 2017 (LBO) – The European Union pledged Rs. 5.4 billion to rural areas of Uva and Central Provinces as part of a wider program of support to …
Sri Lanka inflation up 7.9-pct in August 2017
Sept 22, 2017 (LBO) – Sri Lanka’s year on year inflation based on the National Consumer Price Index (NCPI) increased to 7.9 percent in August 2017 …
Politics kills South Asian economic integration: Economist
Sept 20, 2017 (LBO) – Placing political interests above economic interests has stymied the progress of multilateral regional cooperation in South Asia, …
PUCSL warns of shortcomings in Sri Lanka’s power supply : Report
Sept 20, 2017 (LBO) – Public Utilities Commission of Sri Lanka (PUCSL), the island’s power regulator has warned of serious consequences to be …