Policy

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Sri Lanka Central Bank most likely to keep rates steady: POLL

Dec 28, 2016 (Reuters) – Sri Lanka's central bank is most likely to keep its key interest rates steady on Friday, even as some economists expect further …

Malaysia, Sri Lanka consider FTA during President’s visit

Dec 19, 2016 (LBO) - Malaysia and Sri Lanka will consider the possibility of free trade agreement, a joint statement said, after the official visit of …

President removes 19 Sinhala leaders from a list of traitors

After 198 years, President has removed 19 Sinhala leaders including Monarawila Keppetipola from a list of traitors recognizing them as Wellassa heroes.buy …

Sri Lanka’s budget headed in right direction: IMF

Nov 30, 2016 (LBO) - Sri Lanka's budget for 2017 is headed in the right direction, especially in terms of primary deficit reduction, Eteri Kvintradze, the …

Opinion: Changing nature of work necessitates a universal basic income

By Frances Coppola We have a crisis of work. The secure, well-paid jobs of the past — many of them in manufacturing — are disappearing. What is replacing …

Sri Lanka balances investments across India, China and Japan: official

Nov 23, 2016 (LBO) - Sri Lanka is internationalizing key investments in infrastructure across three Asian nations India, China and Japan, a government official …

Verité identifies weakness in Sri Lanka’s public procurement

Nov 17, 2016 (LBO) – Verité Research, a private think tank, has identified three key weaknesses in public procurement in Sri Lanka. The study by the …

Education a priority, free tablets for students: Budget

Nov 11, 2016 (LBO) - Sri Lanka will prioritize education and give free tablet computers to students and teachers in 2017, the government said in budget …

Download full budget speech 2017

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Budget 2017 * Live Coverage *

* Finance Minister concludes budget speech * Committee of private and public sector to ensure budget implementation * Corporate income tax to be revised to a …

Sri Lanka to establish independent agency for tenders

Nov 03, 2016 (LBO) - Sri Lanka's cabinet has given the nod to streamline the process and transparency on all state tenders by establishing an independent …

Monetary policy could still be considered accomodative: Central Bank

Nov 02, 2016 (LBO) - Sri Lanka's Central Bank said on Tuesday that despite a tightening in interest rates this year, that monetary policy could still be …

Sri Lanka Central Bank keeps rates steady ahead of budget

Oct 31, 2016 (LBO) – Sri Lanka’s central bank on Monday decided to keep its key interest rates steady, a few days ahead of the national budget. …

Excerpts of Sri Lanka COPE recommendations on bond issue

Oct 31, 2016 (LBO) - Sri Lanka's Committee on Public Enterprises has made several recommendations to Parliament on last year's controversial bond issue. …

Government will bring a people’s Budget: Ravi Karunanayake

Oct 31, 2016 (LBO) - Sri Lanka's budget for 2017 on Nov 10 will be a people’s budget as it would incorporate ideas proposed from all corners of the country, …

Opinion: Budget 2017 expectations, unrealistic or achievable?

Oct 28, 2016 (LBO)- Gearing for the new budget in a few weeks time Finance Minister Ravi Karunanayake is optimistic about Budget 2017. An equity buyout for …

Acceptance of e-documents an urgent matter: Sri Lankan companies

Oct 24, 2016 (LBO) - Sri Lanka's trading companies say acceptance of electronic documents is a matter that requires urgent attention. The Import Section of the …

Sri Lanka central bank considers revamping primary auctions

Oct 21, 2016 (LBO) - Sri Lanka's Central Bank is considering revamping the Primary Auction system for government securities, sources said. The proposed system …

Sri Lanka Central Bank resolves four insolvent institutions

Oct 19, 2016 (LBO) - Sri Lanka's Monetary Board says it has approved repayments to depositors and investors in four insolvent financial institutions. The …