SL fiscal deficit to reach 11.3-pct of GDP in 2021: All clear for stronger growth in 2021

Asia Securities, a stockbroking firm says that all signs point to a strong GDP growth trajectory in 2021. The latest Economic Outlook report titled Balancing …

“India will always be a dependable partner and reliable friend to Sri Lanka” says EAM Dr. S. Jaishankar

Visiting Minister of External Affairs of India Dr. S.Jaishankar held bilateral talks with Foreign Minister Dinesh Gunawardena yesterday and discussed multiple …

Asia Securities forecasts strong growth trajectory for equities in 2021

Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, …

ADB and Sri Lanka sign USD400Mn loan agreement to uplift secondary education

Dec 01, 2020 (LBO) – The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a US 400 million dollars loan agreement to support the …

Private sector an equal partner in economic revival: Dr. Hans Wijayasuriya

Dec 02, 2020 (LBO) – Chairman of the Ceylon Chamber of Commerce has called on the private sector to be an equal partner in securing an accelerated …

Phase 5 of Jaya container terminal of SLPA commences

Dec 01, 2020 (LBO) – The construction of the phase 5 of the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) commenced today. The event …

WB says SL economy to contract by 6.7-pct in 2020, Smart policies for informal workers key for recovery

Oct 08, 2020 (LBO) – The COVID-19 crisis in Sri Lanka has substantially clouded the outlook and exacerbated an already challenging macroeconomic …

Morison opens largest pharma facility in SL: Total investment of USD 18.5Mn

Oct 02, 2020 (LBO) – Morison PLC, a subsidiary of Hemas Holdings PLC opened its new state-of-the-art manufacturing plant and research and development …

Economists urge decisive action to prevent emerging Sri Lankan debt crisis

Oct 02, 2020 (LBO ) – A panel of eminent economists urged that the Government take credible and decisive action to prevent a painful debt crisis in Sri …

Advocata to live stream session on “How can we improve Sri Lanka’s debt sustainability” today

Sep 30, 2020 (LBO) – The Advocata Institute has launched its latest public policy discussion series ‘DeepDive’. This series commences …

Global coronavirus death toll passes 1Mn

Sep 30, 2020 (LBO) – The world passed a grim milestone this week as the World Health Organization announced that one million people have now died from …

President steers revival of Export Development Council

Sep 25, 2020 (LBO) – After a lapse of 28 years the Export Development Council (EDC) was convened under the patronage of President Gotabaya Rajapaksa and …

‘SriLanka @100’ launched to boost economic prosperity through mid-market firms growth

Sep 24, 2020 (LBO) – Sri Lanka@100, a private sector-led initiative was launched in Colombo on Thursday with the emphasis to enable the island to become …

Altair clarifies Court order to buyers

Sep 10, 2020 (LBO) – Indocean Developers has informed buyers of Altair apartments that a recent Supreme Court decision relating to a management rights …

Sri Lanka inflation marginally down in June 2020

Jul 02, 2020 (LBO) – The year on year inflation as measured by the Colombo Consumer Price Index (CCPI) is 3.9 percent in June 2020 and inflation …

ComBank further slashes lending rates

Jun 26, 2020 (LBO) – The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up to 2 percent on all categories of loans …