Credit Transition
Aug 21, 2013 (LBO) – Sri Lanka’s private sector credit utilization is higher than bank loan data suggest due to structural changes that are taking …
Finance Law
Sept 24, 2011 (LBO) – Sri Lanka’s central banks said it had tightened a law on finance businesses closing several loopholes and allowing …
Sri Lanka Asia Capital to invest in hotels
Aug 20, 2011 (LBO) – Sri Lanka’s listed Asia Capital, which has interests in financial services, leisure, will invest 700 million rupees in hotels …
Sri Lanka Softlogic buys insurer
Aug 12, 2011 (LBO) – Sri Lanka’s Softlogic Holdings group today brought a 73.5 percent stake in Asian Alliance Insurance, a listed insurer for …
Sri Lanka Emagewize buys into hydro firm
June 6, 2011 (LBO) – Emagewize (Pvt) Ltd, has bought 77 million shares in Panasian Power, a mini hydro firm for 6.00 rupees a share, director Dilith …
Sri Lanka slashes import taxes on edible oils, potatoes
Nov 01, 2010 (LBO) – Sri Lanka has slashed import taxes on vegetable oils, potatoes and onions to encourage imports as local prices rose, a senior …
Sri Lanka may trim 25 taxes on business to 15: official
Oct 15, 2010 (LBO) – A report on reforms to Sri Lanka’s complex national and regional taxes will recommend consolidating 25 different existing …
Sri Lanka 2011 budget process gets underway
Oct 15, 2010 (LBO) – Sri Lanka’s 2011 budgeting process will get underway with the presentation of an ‘appropriation bill’ in …
Combined Entity
Aug 16, 2010 (LBO) – Fitch Ratings has withdrawn the ratings of six Sri Lankan Regional Development Banks (RDBs) upon their merger and upgraded those of …
Sri Lanka Amaya Reef sold to public
July 22, 2010 (LBO) – Sri Lanka’s Amaya Reef, a listed company, has been spun off by its parent Amaya Leisure at prices of up to 5.00 rupees a …
Sri Lanka in attempt to better manage smaller state firms
Apr 24, 2010 (LBO) – A new ministry has been created with about 20 mostly loss making state enterprises, in a bid to make them more profitable and less …
Sri Lanka ruling party senior as PM
Apr 21, 2010 (LBO) – Sri Lanka’s ruling party named its most senior member Disanayaka Mudiyanselage Jayaratne as the prime minister amid …
Sri Lanka calls for world pressure on Tamil Tigers
April 20, 2009 (LBO) – Sri Lanka’s top defence official has called on the international community and the United Nations to put pressure on Tamil …
Sri Lanka state textile firm to be revived
April 03, 2009 (LBO) – Lanka Salusala, a partly operational Sri Lankan state textile firm which is overstaffed and debt ridden, is to be closed down and …
Sri Lanka EPF pension fund may allow early withdrawal
Mar 09, 2009 (LBO) – Sri Lanka’s Employee’s Provident Fund (EPF) which forcibly takes a part of the salary of a private sector worker for …
Sri Lanka state textile firm to shed staff
Jan 22, 2009 (LBO) – A partially operational state textile firm which is overstaffed and debt ridden would be restructured with about half its workers …
Sri Lanka hikes defence spending for next year
Oct 01, 2008 (LBO) – Sri Lanka’s government plans to allocate 177.1 billion rupees next year for its defence forces whose campaign against the …
Sri Lanka to debate troubled state airline, public officer: lawmaker
Sept 16, 2008 (LBO) – Sri Lanka’s parliament will debate the issues of a state-run budget airline that has been eating up peoples’ money and …
Sri Lanka state budget airline asks for more cash
Sept 11, 2008 (LBO) – Sri Lanka’s troubled state-run budget carrier Mihin Air is to ask for another three billion rupees in peoples’ money in …
Coin Issue
Aug 14, 2008 (LBO) – Sri Lanka will issue special coins commemorating the runner-up of the last cricket world cup, an official said. Sri Lanka’s …