Sri Lanka to restrict revocation of deeds of gift
Nov 12, 2015 (LBO) - Sri Lanka plans to draft legislations to make provision for revocation of irrevocable deeds of gift to provide greater security for …
Policy
Sri Lanka to amend Fisheries act, increase penalties for offences in international waters
Nov 12, 2015 (LBO) – Sri Lanka will change the law on governing the operation of fishing vessels in international waters, cabinet spokesman Minister Rajitha …
Interview: State enterprise strategic plan in progress, management skill the biggest issue, says Eran
Nov 11, 2015 (LBO) – Sri Lanka is in the process of making plans to restructure the state owned enterprises and boosting management skill levels, Deputy …
Harsha explains Sri Lanka’s EPF move
Nov 11, 2015 (LBO) – Sri Lanka's new move to separate Employee Provident Fund from the Central Bank would only ensure more security to the fund and end …
Asian stocks open lower with stronger Fed rate hike possibility
Nov 10, 2015 (LBO) - Asian stocks opened lower after global stocks fell on Monday on increased chances of a Fed rate hike this year. Probability that the Fed …
Infrastructure: Negotiating position crucial in structuring deals, say experts
Nov 09, 2015 (LBO) - Sri Lanka's government must pay attention to increasing its negotiating strength when seeking commercial borrowing and entering into …
Sri Lankan born economist predicts global recession next year
Nov 06, 2015 (LBO) – Sri Lankan-born economist Howard Nicholas on Thursday warned that the world will have to face a recession by next year. Speaking at the …
Sri Lanka taxes to go online
Nov 03, 2015 (LBO) – Sri Lanka plans to increase revenue collection by setting up a platform for the public to pay taxes through an online based system, the …
Interview: Three cases reopened, investigation division to expand in Nov, says SEC Chairman
Nov 02, 2015 (LBO) - The Securities and Exchange Commission of Sri Lanka has reopened three cases as part of probes that will be carried out by an expanded …
Sri Lanka seeks to connect tax payers with revenue office online
Oct 30, 2015 (LBO) – Sri Lanka is looking at the possibilities of connecting the island’s revenue collection office with tax payers directly to streamline …
We need a political strategy to empower state enterprises, reduce tax payer burden: Eran
Oct 30, 2015 (LBO) – Sri Lanka needs to have a political strategy to support the implementation of reforms and restructurings of state owned enterprises to …
U.S. Fed leaves open possible Dec rate hike
Oct 29, 2015 - (LBO) - The U.S. Fed has indicated that a December rate hike is a possibility outlining how economic activity has been expanding at a moderate …
Central banks may use negative interest rates as stimulus
Oct 26, 2015 (LBO) - Negative interest rates is a possibility in the United States following in the foot steps of interest rates pushed below zero in countries …
Tax concessions damage country’s tax base: Former Indian FM
Oct 23, 2015 (LBO) – Tax concessions are not an alternative to a poor investment climate and damages the tax base of a country, Former Finance Minister of …
Strengthening institutions, policy interaction needed: Saman Kelegama
Oct 21, 2015 (LBO) – Sri Lanka can achieve greater economic progress with a reforms agenda which strengthens interactions between institutions, policy …
Sri Lanka parliament approves borrowing increase, taxes
Oct 21, 2015 (LBO) – Sri Lanka’s parliament has approved raising the ceiling on treasury bill borrowing by 400 billion rupees to finance a higher budget …
Central Bank holds key interest rates unchanged
Oct 20, 2015 (LBO) - Sri Lanka's Central Bank held key interest rates unchanged on Tuesday after a monthly monetary policy announcement citing low inflation, a …
Poll: Central Bank expected to hold interest rates unchanged
Oct 16, 2015 (LBO) - Sri Lanka's Central Bank is expected to hold interest rates unchanged at the monthly monetary policy announcement on Tuesday, market …
Singapore eases monetary policy with currency to appreciate slower
Oct 14, 2015 (LBO) - The Monetary Authority of Singapore will ease its policy stance for the second time this year and slow the appreciation of the Singapore …
Not satisfied with past performance of Central Bank: PM
Oct 08, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe told Parliament Thursday that he is not satisfied with the past procedures and …