EU pledges Rs. 5.4Bn for rural development in Uva and Central Provinces
Sept 22, 2017 (LBO) – The European Union pledged Rs. 5.4 billion to rural areas of Uva and Central Provinces as part of a wider program of support to …
Economy
Sri Lanka inflation up 7.9-pct in August 2017
Sept 22, 2017 (LBO) – Sri Lanka’s year on year inflation based on the National Consumer Price Index (NCPI) increased to 7.9 percent in August 2017 …
Politics kills South Asian economic integration: Economist
Sept 20, 2017 (LBO) – Placing political interests above economic interests has stymied the progress of multilateral regional cooperation in South Asia, …
PUCSL warns of shortcomings in Sri Lanka’s power supply : Report
Sept 20, 2017 (LBO) – Public Utilities Commission of Sri Lanka (PUCSL), the island’s power regulator has warned of serious consequences to be …
Sri Lanka’s GDP up 4-pct in 2Q 2017
Sept 18, 2017 (LBO) – Sri Lanka’s economy grew by 4 percent in the second quarter of 2017, up from 3.8 percent in the earlier quarter. Issuing a …
Brandix named Sri Lanka’s Exporter of the Year for 5th successive year
Sept 15, 2017 (LBO) – The Brandix Group has topped Sri Lanka’s ranking of exporters for the fifth consecutive year in 2016 to be declared the …
Sri Lanka to draft Bio Safety Bill to counter gene technology
Sept 14, 2017 (LBO) – Sri Lanka will draft a Bio Safety Bill to minimize damage caused to biodiversity by the release of organisms created by gene …
PUCSL seeks public views on electric vehicle charging stations
Sept 13, 2017 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, said it is seeking public views on issues …
Sri Lanka’s export problem is not concentration but composition: Verité
Sept 13, 2017 (LBO) – Sri Lanka’s export product composition is heavily concentrated in the United States and the United Kingdom while having …
Sri Lanka to pilot flexible working hours this month
Sept 12, 2017 (LBO) – Sri Lanka plans to pilot flexible working hours for public servants in Battaramulla commencing 18th September, an official said. …
Sri Lanka’s new revenue law augments govt revenue: Moody’s
Sep 11, 2017 (LBO) – Sri Lanka’s newly revised Inland Revenue Act will augment the country’s very low level of government revenues, Moody’s said. Vice …
Sri Lanka and India commit to stronger bilateral relations
Sept 11, 2017 (LBO) – Sri Lanka’s Foreign Minister Tilak Marapana met with Indian Prime Minister Narendra Modi to convey greetings of Sri …
Inland Revenue bill passed in Parliament with amendments
Sep 07, 2017 (LBO) – Third reading of the Inland Revenue bill passed in Parliament with amendments, a short while ago. The bill received 90 votes in favour …
Sri Lanka expects Rs45bn additional tax revenue from new bill: FM
Sep 07, 2017 (LBO) – Sri Lanka is expecting 45 billion rupees additional tax revenue through the new Inland Revenue Bill, the finance minister said, speaking …
Sri Lanka Inland Revenue bill to Parliament today
Sep 07, 2017 (LBO) – Sri Lanka’s Finance Minister will present the new income tax bill to Parliament on seventh of September, the ministry said issuing …
Ministers cannot grant tax concessions under new Inland Revenue Act: Finance Minister
Sept 04, 2017 (LBO) – Discretionary powers vested in Sri Lankan ministers to grant tax concessions has been expunged under the new Inland Revenue Act, …
China and Sri Lanka to establish sister city relationships
Aug 31, 2017 (LBO) – Authorities in Monaragala, Uva Province Sri Lanka, have signed an MOU on establishing a sister city relationship with Jishan, Shanxi …
More Australian students to visit Sri Lanka next year
Aug 30, 2017 (LBO) – More Australian students than ever before will head to Sri Lanka in 2018 under the Australian Government’s New Colombo Plan …
Sri Lanka in the eye of the storm, in terms of disasters: World Bank country head
Aug 28, 2017 (LBO) – Sri Lanka is in the eye of the storm, in terms of natural disasters, and now is the time to improve response mechanisms and disaster …
ADB earmarks USD5bln for Sri Lanka from 2018-2022
Aug 25, 2017 (LBO) – The Asian Development Bank said they have endorsed a country partnership strategy (CPS) for 2018-2022, amounting to up to US 1 …