Sri Lanka licensed banks to adopt minimum capital standards from July
Commencing 01 July 2017, licensed banks in Sri Lanka will adopt minimum capital standards based on the Direction issued by the Central Bank of Sri Lanka in …
Policy
Central Bank holds key rates unchanged, reserves climb
June 23, 2017 (LBO) - Sri Lanka's central bank held key interest rates unchanged on Friday after a monthly monetary policy meeting with inflation moderating in …
Central Bank expected to keep key rates unchanged: First Capital
June 21, 2017 (LBO) - The Central Bank of Sri Lanka is expected to keep key interest rates unchanged in its monthly monetary policy announcement on Friday, …
Sri Lanka’s Central Bank eyes full inflation targeting: Governor
June 20, 2017 (LBO) – Sri Lanka is planning to adopt a full inflation targeting framework probably by next year, Central Bank Governor Indrajit Coomaraswamy …
US rate hike expected to hit borrowers, eyes on equities
June 14, 2017 (LBO) - The U.S. is expected to hike rates by 25 basis points Wednesday which will have ramifications for millions of borrowers who will find it …
Sri Lanka has been living beyond its means: Governor
June 09, 2017 (LBO) - Sri Lanka has been living beyond its means, with recurrent expenditure higher than revenue, Governor of Central Bank Indrajit …
Verité wants govt to issue guidelines on e-signatures
May 30, 2017 (LBO) – Sri Lankan research organization Verité has called on the government to issue central guidelines to accelerate the acceptance of …
Verité makes recommendations for e-government procurement in Sri Lanka
May 19, 2017 (LBO) - Verité Research, a private think tank, has made several recommendations regarding e-government procurement (E-GP) implementation in Sri …
Belt and Road initiative complements Sri Lanka’s vision: PM
May 16, 2017 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe says China's ‘Belt and Road’ initiative complements Sri Lanka’s vision as they …
Central Bank clarifies reports on EPF, assistant governor transfers
May 15, 2017 (LBO) - Sri Lanka's Central Bank, in a statement, has clarified media reports which state that an assistant governor and officers of the Employees …
Moody’s assigns B1 rating to Sri Lanka’s global bond offering
May 08, 2017 (LBO) – Moody's Investors Service has assigned a B1 rating to Sri Lanka's US dollar bond offering maturing in 2027 with a negative outlook on …
SriLankan Airlines posts Rs6.5bn loss for 2016/17
May 04, 2017 (LBO) – SriLankan Airlines has recorded an unaudited group loss of 6. buy cenforce online …
Sri Lanka to unveil massive incentives for large investments
May 04, 2017 (LBO) – Sri Lanka’s proposed Inland Revenue Act plans to include investment incentives which provide massive depreciation allowances for …
IMF reaches staff-level agreement, eyes on Inland Revenue Act
May 04, 2017 (LBO) - An IMF team has reached staff-level agreement with Sri Lankan authorities on the second review under a three-year Extended Fund Facility …
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 meetings …
Four new papers on Sri Lanka’s constitutional reform published: CPA
Apr 21, 2017 (LBO) - Sri Lankan policy think tank Centre for Policy Alternatives (CPA) said four working papers on constitutional reform have been published …
Sri Lanka’s rising fertility rate has serious implications, say experts
Apr 19, 2017 (LBO) - Sri Lanka's rising fertility rate has serious implications for the island that are not being adequately discussed, experts say. Sri Lanka …
Sri Lanka govt’s constitutional reform communication unsuccessful: CPA poll
Apr 03, 2017 (LBO) - Sri Lanka's Centre for Policy Alternatives’ latest opinion poll on constitutional reforms shows that 55 percent of those polled believe …
Ceylon Chamber welcomes govt decision to postpone SVAT abolition
Mar 31, 2017 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce has welcomed the decision by the Finance Ministry to postpone the abolition of the SVAT system …
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 finance …