Japan to provide 45 bn Yen loan under comprehensive partnership-Updated
Oct 06, 2015 (LBO) - Japan will provide a 45.4 billion Yen (380 million dollar) loan under a 'Comprehensive Partnership' arrangement that will include …
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Analysis: Sri Lanka foreign reserve dilemma hinges on Central Bank objectives
Oct 05, 2015 (LBO) - Acting quicker than it did in early 2012, the decision by Sri Lanka's Central Bank to give up defending the rupee in September of this …
Opinion: Consuming GMOs is least of our problems
Oct 04, 2015 (LBO) - For a sector so essential to Sri Lanka, it seems the public understanding of agriculture is rather poor. This may be why we have lagged …
Sri Lanka’s govt plans to intervene in tea prices with purchases of Rs300mn
Oct 01, 2015 (LBO) – Sri Lanka’s plantation ministry said that it plans to buy tea worth 300 million rupees from the auction to artificially raise the …
“Megapolis” Sri Lanka’s road to better sustainable development: Minister
Oct 01, 2015 (LBO) - Mega cities are important to transform Sri Lanka into a smart country and Colombo will remain as the epicenter for economic activities, …
Sri Lanka not actively pursuing IMF option: CB Governor
Sept 30, 2015 (LBO) -Sri Lanka is not actively pursuing funding from the International Monetary Fund, the Central Bank Governor Arjuna Mahendran told Lanka …
Sri Lanka’s biggest challenge of good governance is re-establishing and strengthening democracy says PM
Sep 30, 2015 (LBO) – Sri Lanka’s biggest challenge of good governance is re-establishing and strengthening democratic society in which government plans to …
Sri Lanka wants holding company structure for public enterprises: Governor
Sept 29, 2015 (LBO) - Sri Lanka's government is looking at setting up a holding company which will own equity stakes in public enterprises, the central bank …
Sri Lanka to strengthen economy despite global scenario: Ravi K
Sep 29, 2015 (LBO) – Sri Lanka’s finance minister Ravi Karunanayake said that the government would continue to strengthen the economy despite the current …
Free flow of information vital for financial markets: CB Governor
Sept 28, 2015 (LBO) - A free flow of information is vital for financial markets to grow, Sri Lanka's Central Bank Governor Arjuna Mahendran told media on …
Sri Lanka RDA engineers write to PM over DG demotion
Sept 28, 2015 (LBO) - Sri Lanka's Road Development Authority Engineers' Association (RDAEA) has written to the Prime Minister regarding the demotion of the …
Expert view: Bigger problems underlie Sri Lanka’s vehicle import bill, says Murtaza
Sept 15, 2015 (LBO) - A rash of credit-fueled vehicle imports is affecting Sri Lanka's balance of payments at the moment. But the bigger problem is not …
Interview: SriLankan to fly more to India, Japan, China; eyes profitability next year
Sep 09, 2015 (LBO) – The national carrier SriLankan Airlines is planning to cut some unprofitable routes and expand to India, Japan and China, Ajith Dias, …
Sri Lanka’s John Keells to double hotel rooms over next 5 years
Sep 09, 2015 (LBO) – Sri Lanka's John Keells Holdings plans to double its current 2,200 room capacity in the next 5 years, Ajit Gunewardene, the deputy …
Interview: Japan’s JICA, big infrastructure lender with a small case of understatement
Sept 08, 2010 (LBO) - Out of the multilateral and bilateral lenders to the island of Sri Lanka, JICA may be the most important, and the least well known. "Lot …
Sri Lanka’s capital skyline changes with rise in luxury apartment market: report
Sep 06, 2015 (LBO) – The skyline of Sri Lanka’s capital is growing in terms of the number of luxury apartment units with the market expected to reach …
Sri Lanka’s new cabinet ministers sworn in
Sep 04, 2015 (LBO) – Sri Lanka’s new unity government’s swearing in ceremony concluded at Presidential Secretariat a short while ago. Cabinet …
Sri Lanka’s new foreign policy to focus Asian centric middle path: President
Sep 01, 2015 (LBO) – Sri Lanka’s new unity government will focus on building an Asian centric middle path as the foreign policy of the country, President …
Sri Lanka Volkswagen deal needs transparency: Motor Traders’ Chief
Aug 31, 2015 (LBO) – The assembly plant investment by the German automaker Volkswagen in Sri Lanka needs to be transparent and all other motor companies who …
Interview: Sri Lanka BOP pressured by consumer spending, external woes
Aug 28, 2015 (LBO) - Post-war stimulus packages by Sri Lanka's government have pushed up consumption demand which is now having an adverse impact on the trade …