Ceylon Chamber looks forward to engaging on Inland Revenue bill
Mar 13, 2017 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce says they are looking forward to engaging with authorities on suggestions and recommendations …
Economy
Sri Lanka labour force 8.4 mn in 3Q with 36.5-pct female
Mar 13, 2017 (LBO) – Sri Lanka’s labour force for the third quarter 2016 is estimated to be 8.4 million with 36.5 percent females contributing to the …
US likely to hike rates by 25 bp this week
Mar 13, 2017 (LBO) – The United States is likely to hike interest rates by 25 basis points on Wednesday to prevent chances of the economy overheating, …
Building lives, not only a new bridge at Kelani river
Mar 13, 2017 (LBO) – The Japan International Cooperation Agency (JICA) is keen that relocations from the Sedawatta and Wadullawatta communities for the …
Sri Lanka foreign reserves up by USD165mn in February
Mar 10, 2017 (LBO) – Sri Lanka’s official reserves rose 165 million US dollars to 5.62 billion dollars in February, up from 5.45 billion dollars at the end …
COPE should inquire transactions of Templeton fund in Sri Lanka: Harsha
Mar 09, 2017 (LBO) – Sri Lanka’s Committee On Public Enterprises (COPE) should investigate the transactions carried out between the US-based Franklin …
Indonesia, Sri Lanka to strengthen trade and economic ties
Mar 09, 2017 (LBO) Sri lanka’s President Maithripala Sirisena, who is on a state visit to Indonesia, met with President Joko Widodo Wednesday with a …
S&P keeps negative outlook unchanged, confirms ‘B+’ rating on Sri Lanka
Mar 08, 2017 (LBO) – Standard and Poor global ratings affirmed its ‘B+’ long-term and ‘B’ short-term sovereign credit ratings on …
New Zealand keen to broaden investment in Sri Lanka
Mar 08, 2017 (LBO) – The Government of New Zealand expects to broaden existing investment in Sri Lanka and is ready to assist in economic development …
Sri Lanka fulfilled Dec fiscal targets, eyes on SOE reforms: IMF
Mar 07, 2017 (LBO) – Sri Lanka needs to accelerate implementation of structural reforms in public financial management and state owned enterprises, the …
Ceylon Chamber says policy on drug prices may be appropriate
Mar 06, 2017 (LBO) – The Ceylon Chamber of Commerce says it will conform to the introduction of regulations to control prices of medicinal drugs, after …
Norwegian Pension Fund doubles its investment in Sri Lanka
Mar 02, 2017 (LBO) – The Norwegian Government Pension Fund Global, which started investing in Sri Lanka in 2015, has more than doubled its investment in …
Sri Lanka’s 2017 fiscal target will be more challenging: Moody’s
Mar 02, 2017 (LBO) – Sri Lanka’s ambitious 2017 fiscal deficit target will be even more challenging to achieve as drought-related government spending will …
Sri Lanka to introduce KPIs for SOEs in line with IMF loan
Mar 01, 2017 (LBO) –Sri Lanka will introduce key performance indicators to five state owned enterprises (SOEs) operating in the island for a period of three …
Sri Lanka, IFC to develop sustainable finance roadmap
Mar 01, 2017 (LBO) – President Maithripala Sirisena has urged the financial sector and other stakeholders to work towards sustainable development, during …
Motor car registrations down 11 percent in January: JB Securities
(Corrects motor car registration figure) Mar 01, 2017 (LBO) – Motor car registrations in Sri Lanka fell 11 percent to 3,101 in January, from 3,487 in …
JICA kicks-off study to formulate plans for developing Kandy city
Feb 28, 2017 (LBO) – Sri Lanka’s Urban Development Authority together with Japan International Cooperation Agency today commenced a study to formulate …
Central Bank violated the law on past issuances of treasury bonds: Fin Min-Updated
(Updated with comments from press conference) Feb 27, 2017 (LBO) – Finance Minister Ravi Karunanayake has accused former president Mahinda Rajapaksa and …
Sri Lankans consume quarter of recommended dairy intake: experts
Feb 27, 2017 (LBO) – Helping local farmers overcome challenges through training will lead to a thriving dairy industry by addressing nutritional gaps and …
Sri Lanka rated ‘Mostly Unfree’ in new report: Heritage Foundation
Feb 21, 2017 (LBO) – Sri Lanka slipped to be rated as a ‘Mostly Unfree’ country this year in the Index of Economic Freedom, with the lack of …