Sri Lanka GDP down to 3.3-pct in Q3
Dec 16, 2017 (LBO) – Sri Lanka’s Gross Domestic Product growth rate for the third quarter of 2017 has been estimated as 3.3 percent, slower than …
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Sri Lanka official reserves drop to USD7.3bn in November
Dec 16, 2017 (LBO) – Sri Lanka’s official reserves have dropped to 7,319.40 million US dollars in November from 7,489.98 million dollars in October, …
Sri Lanka’s Fiscal Mgmt. Responsibility Act has no teeth: CB Chief
Dec 15, 2017 (LBO) – Sri Lanka is in the process of reviewing the Fiscal Management (Responsibility) Act as it does not have any teeth at the moment, the …
Telecom operators are biggest spammers in Sri Lanka: report
Dec 13, 2017 (LBO) – Caller ID and spam detection app, Truecaller recently announced some revealing stats on spam and scam calls in Sri Lanka. The recently …
Sri Lanka to commence enabling Sinhala and Tamil scripts for top-level domain names
Dec 13, 2017 (LBO) – The Internet Corporation for Assigned Names and Numbers (ICANN) and local experts in policy, technical and linguistic fields …
Colombo sees no slowdown of Apartments coming up: Report
Dec 11, 2017 (LBO) – There has been an increase in the number of apartment projects in Colombo and Greater Colombo areas, according to data compiled by …
Korea Eximbank approves USD14mn for garbage collection compactors
Dec 08, 2017 (LBO) – Export-Import Bank of Korea has approved 14 million US dollars for supply of garbage collection compactors to Sri Lanka. Korean Embassy …
Sri Lanka FDI grows to USD800mn for Jan-Sept exceeding 2016 total
Dec 08, 2017 (LBO) – International Trade Ministry says exports and foreign direct investment (FDI) have shown substantial increases this year compared to …
Sri Lanka Tea prices show gains in Nov 2017
Dec 08, 2017 (LBO) – Sri Lanka tea prices at the November 2017 auctions showed gains in high, medium and low growns, a new report said. “When …
IMF completes 3rd review; approves USD251.4Mn disbursement
Dec 08, 2017 (LBO) – IMF Executive Board has completed the third review of Sri Lanka’s Extended Fund Facility arrangement, which enables the disbursement …
New liability Mgmt. bill to raise money above borrowing limit: CB Chief
Dec 07, 2017 (LBO) – Sri Lanka’s Central Bank Chief says the proposed liability management bill will enable the government to exceed the borrowing limit …
Any revival plan for CIFL needs at least Rs3bn investment: CB
Dec 05, 2017 (LBO) – Sri Lanka’s Central Bank on Tuesday said that any revival plan for troubled Central Investments and Finance (CIFL) needs at least 3 …
SL, US to amend open skies deal facilitating efficient cargo movement
Dec 05, 2017 (LBO) – United States and Sri Lanka on Monday signed an agreement to amend the bilateral Open Skies Agreement of 2002 to facilitate the movement …
LVL Energy Fund to announce Rs1.2bn IPO; largest since 2015
Dec 04, 2017 (LBO) – A leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund is set to announce a 1.2 billion rupees initial public …
Sri Lanka’s mobile telecommunication industry calls for fee reversal
Dec 04, 2017 (LBO) – The mobile telecommunications industry says the new 200,000 rupee levy per month on cellular towers, in the budget 2018 could make …
US Treasury expert helps Sri Lanka to improve public bond auctions: PM
Nov 30, 2017 (LBO) – Prime Minister told Parliament Thursday that an expert of the United States Treasury Department is helping them to create a more …
Planters Association calls for greater support in oil palms
Nov 30, 2017 (LBO) – Sri Lanka’s Planters Association has called for more support for palm oil as profits from the crop are rising at a healthy pace. …
Sri Lanka Exports up 12.9-pct in Sept
Nov 28, 2017 (LBO) – Sri Lanka’s exports were up to 1,011 million dollars, a rise of 12.9 percent with growth in the textile and apparel sectors, …
S&P DJI considers revising index methodology of S&P Sri Lanka 20
Nov 27, 2017 (LBO) – S&P Dow Jones Indices (S&P DJI) is currently conducting a consultation with members of the investment community on a potential …
India reiterates commitment to projects of mutual interest with Sri Lanka
Nov 27, 2017 (LBO) – Indian President Kovind while welcoming the Sri Lankan Prime Minister said that development cooperation forms an important part of …