Uptick in growth seen, IMF and World Bank spring meetings commence
Apr 21, 2017 (LBO) – The International Monetary Fund’s head Christine Lagarde said they expect an uptick in global growth this year, as spring …
Economy
Sri Lanka President expects foreign reserves to improve in coming months
Apr 20, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena says country’s foreign reserves have already exceeded five billion US dollars and is …
Sri Lanka’s economy projected to grow 4.7 pct in 2017: World Bank
Apr 19, 2017 (LBO) – Recent policy reforms including monetary tightening and revenue-led fiscal consolidation have improved Sri Lanka’s outlook, …
Opinion: Government, Private Sector and Diaspora are failing to revive Northern economy
By Jekhan Aruliah More than seven years since the end in 2009 of the decades long Sri Lanka civil war, job creation initiatives in the North remain mainly …
Sri Lanka eyes USD1bn trade with Vietnam: PM’s office
Apr 18, 2017 (LBO) – Sri Lanka and Vietnam will look at increasing bilateral trade up to one billion US dollars in the next few years, the Prime …
Military continues relief after Meethotamulla garbage dump collapse
Apr 17, 2017 (LBO) – Sri Lankan military is continuing relief operations after the collapse of a 180-meter long stretch of the Meethotamulla garbage …
EU to provide EUR 42 mln for agriculture, reconciliation
Apr 12, 2017 (LBO) – The European Union is stepping up assistance to Sri Lanka by providing 42 million euros (6.7 billion rupees) for two programmes in …
IMF expects global economy to perform better this year
Apr 11, 2017 (LBO) – The International Monetary Fund expects the global economy to perform better this year and next year compared with 2016, but it has …
Asia to deliver 60-pct of global growth, South Asia fastest growing: ADB
Apr 07, 2017 (LBO) – Growth is picking up in two-thirds of economies in developing Asia, supported by higher external demand, rebounding global commodity …
Sri Lanka removes ad-hoc tax concessions; new incentives for SMEs
Apr 05, 2017 (LBO) – Sri Lanka’s Finance Ministry has removed ad-hoc and unproductive tax concessions offered by various agencies and under various regimes …
Sri Lanka vehicle registrations fall further in February: JB Securities
Apr 03, 2017 (LBO) – Sri Lanka vehicle registrations in February fell sharply on the back of measures to tighten credit, with motor car registrations …
Sri Lanka Dec quarter listed company earnings +5 pct: First Capital
Apr 03, 2017 (LBO) – Earnings of Sri Lanka’s listed companies grew 5 percent, year-on-year, during the December quarter supported by the banking …
WIPO supports Sri Lanka’s legislation on Traditional Knowledge
Apr 03, 2017 (LBO) – The World Intellectual Property Organization (WIPO) will support Sri Lanka’s efforts to draft a national policy on …
Sri Lanka to set up Public Enterprises Board for managing SOEs
Mar 30, 2017 (LBO) – The Sri Lankan government is in the process of setting up a Public Enterprises Board to manage loss-making state-owned enterprises …
Economic policies of government falling far short, says JO’s Balasuriya
Mar 29, 2017 (LBO) – Economic policies of the present Sri Lankan government are falling far short of expectations, driven by lack of confidence in the …
European Investment Bank to explore future investment in Sri Lanka
Mar 28, 2017 (LBO) – A delegation from the European Investment Bank will make a three-day visit to Sri Lanka later this week to discuss recent engagement …
VirtusaPolaris continues investment in “Future Architects” program
Mar 27, 2017 (LBO) – VirtusaPolaris, a worldwide provider of information technology consulting and outsourcing, said it recently inducted a second batch …
Sri Lanka hikes policy rates by 25 bp to curb inflationary pressure
Mar 24, 2017 (LBO) – Sri Lanka’s central bank tightened monetary policy on Friday, hiking policy rates by 25 basis points to curb inflationary …
Sri Lanka’s new revenue act to include capital gains policy
Mar 23, 2017 (LBO) – Sri Lanka’s proposed Inland Revenue Act is to be drafted in conformity with the announced policy design of capital gains tax, the …
Sri Lanka govt approves Securities Exchange Commission bill
Mar 23, 2017 (LBO) – Sri Lanka’s government will replace the Securities and Exchange Commission Act No. 36 of 1987 with a new act to strengthen the …