Category: Economy
Sri Lanka debt sustainability: public debt Rs8.9tn; assets Rs1.1tn
Feb 09, 2018 (LBO) – Auditor General’s Department says even if the total amount of domestic and foreign debt payable by the government as at 31 December 2016 stood at 8.9 trillion rupees, in financial statements, the value of the total assets only shows 1.1 trillion rupees. Their latest report on the public debt management […]
Sri Lanka Central Bank issues clarification on media reports over Government debt
Feb 09, 2018 (LBO) – The Central Bank of Sri Lanka (CBSL) in reply to media reports on debt says it compiles and publishes central Government debt based on its database on issuance of domestic debt and international commercial borrowings on behalf of the Government and also the information it received from ministries. “Attention of […]
‘s Biz climate
Feb 08, 2018 (LBO) – A Japanese business delegation, including chief executive officers and leading officials of some of the largest companies is visiting Sri Lanka to look at future investment opportunities, the Board of Investment said. A delegation of 59 are visiting the island on invitation of the Prime Minister and participated at the Sri […]
” rating
Feb 07, 2018 (LBO) – Fitch Ratings has confirmed Sri Lanka’s ‘B+’ rating with a stable outlook, saying revised policy framework supports the islands macroeconomic stability. The full statement follows: Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook. A full list of rating actions is at the […]
RIU to host UK-Sri Lanka Investor Forum for 3rd consecutive year in London
Colombo, Sri Lanka – The Research Intelligence Unit will be hosting its annual edition of RIU Investor Forum on Thursday May 17 2018 at the Sri Lanka High Commission in London, UK.The Forum’s objective is to promote and channel investment into Sri Lanka from among the high net worth individuals (HNI) living overseas while also […]
Top investment bank Lazard to help Sri Lanka divest non-strategic assets
Feb 05, 2018 (LBO) – World’s top advisory and asset management firms, Lazard has shown interest in Sri Lanka, with a visit this week by an international delegation. The 2.7 billion US dollars global financial advisory firm in conjunction with MTI Consulting, plans to meet officials of the Sri Lankan government. They will discuss how […]
”s Supreme Global Holdings
Feb 02, 2018 (LBO) – Supreme Global Holdings, and Alibaba Group owned “Alitrip” which is now called “Fliggy”, launched the “Sri Lanka Pavilion” in “Fliggy’s tourism platform that will target to bring a million new Chinese tourists to Sri Lanka every year. The grand launch was made in Beijing, Tuesday. Alibaba, setting new standards in its […]
Sri Lanka Budget Openness, amongst lowest ranked countries in South Asia
Jan 31, 2018 (LBO) – Sri Lanka’s budget openness in the latest survey has scored 44 out of 100, coming in next to last in South Asia, tied with Pakistan. Open Budget Survey, which scores 115 countries on the openness of their budget process, is the world’s only independent assessment of information disclosure in public […]
Australia provides Rs.3,850Mn in grant assistance for governance initiatives
Jan 30, 2018 (LBO) – Sri Lanka and Australia signed a subsidiary arrangement for grant assistance to work together on strengthening governance through a four-year program valued at up to AUD 31 million (3,850 million rupees). The program will support activities that improve the policy formation and delivery capabilities of government at national, provincial and local […]
‘s
Jan 29, 2018 (LBO) – Moody’s Investors Service expects that the Sri Lanka-Singapore Free Trade Agreement will enhance the cross-border trade of goods and services and promote foreign direct investment (FDI) between the two countries, a credit positive for both. Last Tuesday, Singapore (Aaa stable) and Sri Lanka (B1 negative) signed a free trade agreement, although […]
Sri Lanka achieves highest ever FDI of USD1.63bn in 2017
Jan 28, 2018 (LBO) – Foreign Direct Investment (FDI) into Sri Lanka has grown to over 1.63 billion US dollars in 2017, doubling the 802 million dollars achieved in the previous year. The Board of Investment (BOI) reported that 1.63 billion dollars achieved in 2017 is the highest ever surpassing the 1.61 billion dollars in […]
CHEC to kick off Port City project with billion dollar towers : Minister
Jan 26, 2018 (LBO) – Sri Lanka government has signed two Memorandums of Understanding with China Harbour Engineering Company (CHEC) to facilitate investment on Colombo International Finance City (CIFC) to construct a building complex and an underground marine drive road tunnel, a Minister said. “CHEC want to kick start investment and the project company has indicated […]