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 …
Commodity
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 …
Sri Lanka trade gap widens 34-pct in March
June 07, 2017 (LBO) – Sri Lanka’s trade gap has widened 34.1 percent to 827.5 million US dollars in March from a year earlier, official data from the …
Sri Lanka video showing rice as containing plastic is false: ministry
June 05, 2017 (LBO) – Sri Lanka’s Ministry of Industry and Commerce says a Youtube video that has gone viral which shows cooked rice as containing …
Petroleum union negotiations successful, strike called off
Apr 25, 2017 (LBO) – The Ceylon Petroleum Corporation (CPC) unions called off their strike late on Monday following successful discussions with Sri …
Sri Lanka NCPI moving average inflation reaches one year high
Feb 22, 2017 (LBO) – Sri Lanka’s nation-wide consumer prices as measured by National Consumer Price Index rose 6.5 percent in January from a year earlier, …
Imports to Sri Lanka up 16-pct; trade gap widens 33-pct in October
Feb 03, 2017 (LBO) – Sri Lanka’s exports rose 0.9 percent to 855.0 million dollars in October, while imports rose at a faster 16.4 percent to 1,906.2 …