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Sri Lanka budget deficit climbs, economy at USD82.3 billion

Highlights from press conference: – Budget deficit climbs to 7.4% in 2015 vs 5.7% in 2014 – Economy valued at $82.3 billion – Balance of …

Sri Lanka Lotus Tower land deed still not cleared

Apr 26, 2016 (LBO) – The Lotus Tower or Nelum Kuluna’s land is still in dispute and awaiting approval from the Urban Development Authority, a senior …

Sri Lanka PUCSL says no to CEB’s emergency power plant request

Apr 25, 2016 (LBO) – Sri Lanka’s power regulator, Public Utilities Commission of Sri Lanka (PUCSL) in a letter denied the CEB a request to buy a 55 MW of …

George Soros looking at investment opportunities in Sri Lanka

Jan 07, 2016 (LBO) – Global investor George Soros said that his team is in the Island and are looking at investment opportunities. “In addition to my …

Sri Lanka currency adjustments terrible: Nishan de Mel

Dec 10, 2015 (LBO) – Sri Lanka’s currency adjustments which are poorly timed affect business planning and confidence of international community while …

Budget repeats ‘over-zealous’ mistakes in logistics, transport: CILT

Dec 07, 2015 (LBO) – Sri Lanka’s budget proposals for 2016 repeat many of the mistakes in previous budgets in the areas of logistics and …

Sri Lanka equity earnings down 6 pct in Q3 on diversifieds, telcos: CT CLSA

Dec 04, 2015 (LBO) – Sri Lanka equity market earnings declined 6 percent in the third quarter of this year largely due to lower earnings in diversified …

We are in ‘Nonagathaya,’ New Year is on the way: Prime Minister

Dec 03, 2015 (LBO) – Sri Lanka is still in the period of making strategies to move forward and the country might have to generate additional revenue next …

Colombo International Financial Centre requires right talent: experts

Nov 27, 2015 (LBO) – Sri Lanka’s plans to set up an international financial district bodes well for financial sector development and should be set …

Major thrust of budget is formalizing economy: Ravi K

Nov 24, 2015 (LBO) – A major thrust of Sri Lanka’s budget for 2016 is formalizing the economy to bring in sectors that do not use formal banking …

Analysis: Asian, Sri Lankan equities attractive on GARY valuation, says CLSA

Nov 14, 2015 (LBO) – Some equities offer dividend returns as well as earnings growth. Called Gary stocks, these are an attractive value proposition in an …

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 …

Sri Lanka should review TPP agreement and its impact: Harsha De Silva

Nov 11, 2015 (LBO) – Sri Lanka should review and consider the Trans–Pacific Partnership (TPP) agreement as an enabler to enter into global competitive …

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 …

Public investment in bus, railway a priority before monorail, says transport experts

Nov 05, 2015 (LBO) – From an economic standpoint, Sri Lanka should first develop its bus and railway transportation before spending public money on more …

Sri Lanka needs a common framework for pensions: economists

Oct 09, 2015 (LBO) – All elderly in Sri Lanka should have access to at least one reliable, affordable and adequate pension, economists said. “An adequate …