Treasury approves bonus payments for employees of statutory bodies
Dec 12, 2019 (LBO) – Sri Lanka’s Treasury has approved the payment of bonuses for 2019 for the employees of state-owned statutory bodies and fully …
Economy & Markets
Sri Lanka should list SoE and increase transparency
Dec 11, 2019 (LBO) – A top emerging markets investor said the Government should look at listing state enterprises to attract capital. He said that it …
Fiscal stimulus will boost demand in short-run but create instability in long-run: ICRA
Dec 11, 2019 (LBO) – The Government of Sri Lanka (GoSL) reduced variety of taxes substantially in an attempt to revive the economy, which could possibly …
Sri Lanka tax cuts to shave off Rs560bn govt. revenue in 2020: Asia Securities
Dec 10, 2019 (LBO) – Sri Lanka’s recently announced tax cuts will likely shave off 560 billion rupees from government income in 2020, launching its equity …
Sri Lanka aims at 6.5-pct GDP growth from 2020
Dec 09, 2019 (LBO) – Sri Lanka’s economic activity will pick up following a series of tax cuts and the expansion of economic activity will boost Gross …
Sri Lanka official reserves down to USD7.5bn by end November
Dec 06, 2019 (LBO) – Sri Lanka’s gross official reserves were 7.5 billion US dollars (USD7,520.9mn) by the end of November, down from 7.8 billion US …
Dushni Weerakoon highlights critical role tax policies can play to spur economic growth
Dec 06, 2019 (LBO) – Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon this week highlighted the critical role …
HSBC and IUCN announce project for development of greener apparel industry
Dec 06, 2019 (LBO) – HSBC and International Union for Conservation of Nature (IUCN) Sri Lanka Country Office announced the launch of their project to …
Central Bank to introduce new law regulating moneylenders
Dec 06, 2019 (LBO) – Sri Lanka’s Central Bank with the Ministry of Finance is currently in the process of drafting a new law for licensing, regulation …
Tourism, the Northern Province Game Changer
By Jekhan Aruliah Tourism is the single most game-changing opportunity for the North. Game changing because for those visitors with eyes to see and ears to …
Investor Dr. Mark Mobius in Colombo next week
Dec 03, 2019 (LBO) – Colombo’s upcoming major mixed development, Cinnamon Life announced the visit of the legendary emerging markets investment …
Finance Ministry outlines intention behind Sri Lanka’s new tax regime
Dec 02, 2019 (LBO) – Sri Lanka’s Finance Ministry says that the recent tax reforms constitute a much-needed transformation in the country’s tax system to …
Sri Lanka Y-o-Y inflation down to 4.4-pct in Nov 2019
Dec 02, 2019 (LBO) – The yer‐on‐year inflation as measured by CCPI is 4.4 percent in November 2019 and inflation calculated for October 2019 was 5.4 …
Fiscal stimulus should be structured not to overheat economy: CB Governor
Nov 29, 2019 (LBO) – The government is to make a policy statement as to how the recently introduced fiscal stimulus would be accommodated within a stable …
Recent tax cuts support short term but greater fiscal clarity needed for medium term: CBSL
Nov 29, 2019 (LBO) – Sri Lanka’s Central Bank observes that the recent tax revisions would support lower inflation and higher economic growth in the short …
Policy rates of Sri Lanka’s Central Bank to remain unchanged
Nov 29, 2019 (LBO) – The Monetary Board of the Central Bank of Sri Lanka has decided to maintain its accommodative monetary policy stance. Accordingly, the …
CSE comes alive with Rs2.8bn turnover but foreigners keep selling
November 28, 2019 (LBO) – The Colombo Stock Exchange (CSE) finished a busy day today with trading activity that has been rarely seen in recent years. The …
Colombo stocks surge on Rajapaksa tax cut bonanza
November 28, 2019 (LBO) – The stock market in Sri Lanka started the day in rally mode with most of the major indices up approximately 1.5%. The sharp …
Sri Lanka announces tax reliefs; cuts VAT to 8-pct, removes PAYE, WHT & Capital Gains Tax
Nov 27, 2019 (LBO) – Sri Lanka’s new Cabinet of Ministers has given its approval to reduce Value Added Tax (VAT) and various other taxes, Co-Cabinet …
4IR: A challenge or an opportunity for gender equality
Institute of Policy Studies – IPS These technological advances of the hold significant implications on existing gender structures and balances, …