Governor received bond commission report yesterday: Central Bank
Jan 11, 2018 (LBO) – Central Bank revealed Thursday that the secretary to the President has handed over a copy of the bond commission report to the Governor …
Economy
IFC, CB partner to create Sri Lanka’s first national financial inclusion strategy
Jan 09, 2018 (LBO) – IFC, a member of the World Bank Group has partnered with the Central Bank to develop the country’s first National Financial Inclusion …
Sri Lankan Banks to Step up Basel III Tier 2 Issuance: Fitch
Jan 08, 2018 (LBO) – Sri Lankan banks are likely to significantly boost issuance of Basel III-compliant Tier 2 instruments in 2018, says Fitch Ratings. …
Proposed digital economy to uplift GDP by 1 to 3-pct in 2019: McKinsey
Jan 08, 2018 (LBO) – McKinsey & Company, a worldwide management consulting firm has confirmed that the proposed digital economy for Sri Lanka could …
Rajagiriya flyover to open today, speed of vehicles to increase eight-fold
Jan 08, 2017 (LBO) – President Maithripala Sirisena will declare open the Rajagiriya flyover on January 08, providing long term solutions for the heavy …
Sri Lanka’s Pvt sector has 5Mn employees and 500,000 vacancies: report
Jan 08, 2018 (LBO) – Around five million people were engaged in employment Sri Lanka’s private sector currently while around 500,000 vacancies are …
Central Bank extends suspension of Perpetual Treasuries for 6 months
Jan 05, 2018 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension of Perpetual Treasuries Limited from carrying on the business …
US GSP withdrawal not country-specific, Impact on total exports small: AmCham
Jan 05, 2018 (LBO) – The American Chamber of Commerce says the decision to withdraw the GSP form Sri Lankais not being country-specific and is one …
If we are going for a sovereign bond, better to go early: CB Governor
Jan 04, 2018 (LBO) – Central Bank Governor Indrajit Coomaraswamy says if Sri Lanka wants to issue a sovereign bond this year, it is better to issue it as …
Sri Lanka to raise USD5Bn from Sovereign and Development Bonds in 2018
Jan 04, 2018 (LBO) – Sri Lanka’s cabinet of ministers have given approval to raise up to US 2 billion dollars through foreign commercial …
I will not hesitate to bring offenders of bond scam before law: President (Full Speech)
Jan 03, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says he will bring the offenders of the bond scam before the law and recover the 11,145 …
Port City legislation to Parliament by March, Work on three towers to commence
Jan 03, 2018 (LBO) – Sri Lanka’s Port City legislation would be brought before Parliament by March while construction on the first permanent buildings are …
CA Sri Lanka revises Code of Best Practice on Corporate Governance
Jan 02, 2018 (LBO) – Institute of Chartered Accountants of Sri Lanka recently launched the revised Code of Best Practice on Corporate Governance 2017 with an …
France to provide Euro 13.9Mn loan to Sri Lanka for dairy projects
Jan 01, 2018 (LBO) – The French Republic agreed to extend its assistance to Sri Lanka, by providing a Euro 13.9 million (approximately 2,514 million …
Sri Lanka extends deadline for exchange of mutilated currency notes
Jan 01, 2018 (LBO) – Sri Lanka’s Central Bank said it had decided to extend the time period for the exchange of currency notes at Licensed …
Sri Lanka Central Bank confirms credit of USD 292.1Mn from CM Port
Dec 26, 2017 (LBO) – Sri Lanka’s Central Bank said that it had received the first payment from China Merchant Port Holdings (CMPort) for the …
Sri Lanka November NCPI down to 8.4-pct
Dec 22, 2017 (LBO) – Sri Lanka’s November national consumer price inflation in November was down to 8. buy tadalista online …
Sri Lanka govt approves USD 1Bn financial city complex
Dec 21, 2017 (LBO) – The cabinet of ministers has given the go ahead to sign a Memorandum of Understanding (MOU) with CHEC Port City Colombo to develop …
Moody’s says Sri Lanka needs to further push fiscal reforms for better credit profile
Dec 19, 2017 (LBO) – Moody’s, an Investors Service says high general government debt levels in Sri Lanka, rated B1 negative, very low debt …
Sri Lanka GDP down to 3.3-pct in Q3
Dec 16, 2017 (LBO) – Sri Lanka’s Gross Domestic Product growth rate for the third quarter of 2017 has been estimated as 3.3 percent, slower than …