IMF to complete its 4th review on June 1 as SL introduced fuel price formula
May 18, 2018 (LBO) – IMF Communications Department on Thursday announced that their board is scheduled to discuss Sri Lanka’s completion of its fourth …
Commodity
Sri Lanka to revise fuel price every two months
May 11, 2018 (LBO) – Fuel prices in Sri Lanka will be revised every two months under a new cabinet approved pricing formula, Finance Minister Mangala …
Central Bank says foreign sentiment signals confidence in Sri Lanka’s economy
May 03, 2018 (LBO) – Sri Lanka’s Central Bank said recent indicators reflect positive sentiment expressed by external foreign parties regarding the …
Sri Lanka inflation slows to 2.8-pct in March, lowest since April 2016
Apr 23, 2018 (LBO) – Sri Lanka’s headline inflation measured by National Consumer Price Index (NCPI) has decreased to 2.8 percent in March, lowest since …
IMF wants fuel pricing formula before June to complete 4th review
Apr 21, 2018 (LBO) – IMF’s Executive Board is expected to consider Sri Lanka’s request for completion of the fourth review in June, subject to cabinet …
Sri Lanka imposes 15-pct tax on gold imports
Apr 19, 2018 (LBO) – Sri Lanka has imposed a 15 percent tax on gold to tackle possible smuggling to India, where it is more expensive, the finance …
Sri Lanka Govt call for expediting activities related to exploration and production of petroleum
Apr 12, 2018 (LBO) – Sri Lanka’s cabinet of ministers has called for an action plan for expediting the activities related to exploration and …
Sri Lanka trade deficit expands over USD1bn in January; imports USD2bn
Apr 09, 2018 (LBO) – Sri Lanka’s trade deficit has expanded in January surpassing 1 billion US dollars for the second consecutive month due to significant …
Sri Lanka inflation down to 3.2-pct in Feb 2018
Mar 22, 2018 (LBO) – Sri Lanka’s National Consumer Price Index (NCPI) slowed to 3.2 percent in February 2018 from 5.4 percent in January, on a …
Cost reflective pricing formula for fuel, electricity this year: CB Governor
Jan 24, 2018 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy says the government will introduce a cost reflective pricing formula for both …
Taxes on several essential food items reduced ahead of budget
Nov 08, 2017 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera said levies on several essential food items are to be reduced from midnight today …
Colombo among biggest improvers during five years: Global Liveability Report
Aug 16, 2017 (LBO) – Sri Lanka’s main commercial city Colombo is among the five biggest improvers during the last five years in terms of liveability, …
Sri Lanka exports show tepid growth during first 5 months
Aug 02, 2017 (LBO) – Sri Lanka’s earnings from exports expanded in May by 7.8 percent to 841 million dollars, on an year-on-year basis, however …
Sri Lanka’s average inflation remains at 18-month high in June
July 24, 2017 (LBO) – Sri Lanka’s annual average inflation remained at a more than 18-month high of 6.1 percent in June, unchanged from a month ago. …
Travel goods from Sri Lanka to receive duty free entry to US
July 21, 2017 (LBO) – Export of travel-related products from Sri Lanka will enjoy duty free entry to the United States following a decision by the US …
Cocaine detected by employees of Lanka Sathosa in container
July 20, 2017 (LBO) – A haul of 150 Kg of cocaine has been detected by employees of Lanka Sathosa in a container addressed to CWE (Sathosa) on Wednesday. …
National Export Strategy to be implemented with budget 2018: Advisor
July 13, 2017 (LBO) – Sri Lanka’s proposed National Export Strategy will be implemented with the budget of 2018, a senior official at the International …
Sri Lanka cuts export earnings target to USD18bn by 2020
July 12, 2017 (LBO) – Sri Lanka is currently looking at a target for export earnings of 18 billion US dollars by 2020, State Minister of International Trade …
Sri Lanka’s exports +11.9 pct, trade gap +7.8 pct in April
July 07, 2017 (LBO) – Sri Lanka’s exports rose 11.9 percent to 794.7 million US dollars in April, while imports rose 9.8 percent to 1,603.9 million …
Sri Lanka should relax issuing licenses for beer & wine: FinMin
June 23, 2017 (LBO) – Sri Lanka’s Finance Minister told Parliament Thursday that the country needs to relax issuing liquor licenses for beer & wine as …