Sri Lanka stock market records 8-pct gain in 1H
July 18, 2017 (LBO) – The benchmark All Share Price Index of the Colombo Stock Exchange (CSE) recorded an 8.23 percent gain year-to-date, a noteworthy …
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IMF completes second review, to disburse USD167.2 mln
July 18, 2017 (LBO) – The Executive Board of the International Monetary Fund (IMF) has completed the second review of Sri Lanka’s economic performance …
New revenue Bill should be implemented from April 2018: Ceylon Chamber
July 17, 2017 (LBO) – Ceylon Chamber of Commerce says it is their view that the new Inland Revenue Bill, once enacted, should ideally be implemented from 1st …
Hayleys Advantis to expand Maldives operations with two landing craft
Press Release: Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the …
Neville Fernando hospital handed over to government
July 17, 2017 (LBO) – Dr Neville Fernando on Monday signed an agreement to hand over the Neville Fernando hospital to the government. As per the agreement, …
LAUGFS to set up cylinder manufacturing plant in Bangladesh
July 17, 2017 (LBO) – LAUGFS Gas Bangladesh, part of the diversified Sri Lankan multinational LAUGFS Holdings, said it is planning to set up a cylinder …
Sri Lanka prepares for 7th session of FTA talks with China
July 17, 2017 (LBO) – Sri Lanka is preparing for a seventh session of talks with China on a Free Trade Agreement, the Ministry of Industry and Commerce …
Bangladesh’s first ever FTA will be with Sri Lanka later this year
By P.K. Balachandran Bangladesh’s first-ever FTA will be with Sri Lanka and that is expected to signed by year end, Bangladesh’s Foreign Secretary Mohmmad …
Torture in Sri Lanka among “worst in the world,” says UN Special Rapporteur
By P.K. Balachandran Torture of persons in custody under the Prevention of Terrorism Act (PTA) in Sri Lanka is on an “industrial scale” and is “among the …
Tax reforms would help SL rating outlook back to stable: Moody’s
July 14, 2017 (LBO) – Evidence of effective implementation of reforms that leads to significant and lasting improvements in tax collection, and more stable …
Sri Lankan Supreme Court petitioned to stop building steel houses for IDPs
By P.K.Balachandran Tamil National Alliance (TNA) MP for Jaffna District, M.A.Sumanthiran, on Thursday filed a Fundamental Rights petition in the Supreme Court …
National Export Strategy to be implemented with budget 2018: Advisor
July 13, 2017 (LBO) – Sri Lanka’s proposed National Export Strategy will be implemented with the budget of 2018, a senior official at the International …
Sri Lanka President heads 73-member delegation to Bangladesh
By P.K. Balachandran July 13, 2017 (LBO) – Sri Lankan President Maithripala Sirisena, accompanied by a 73-member delegation including representatives of …
World Bank doubles assistance to Sri Lanka over next three years
July 13, 2017 (LBO) – Sri Lanka will receive US1,340 million dollars in financial and technical assistance through a transitional support facility of …
Sri Lanka to manage use of polythene, polystyrene
July 13, 2017 (LBO) – Sri Lanka’s government has decided to manage the use of polythene with the intention of minimizing its environmental impact …
CSE records second highest yearly foreign inflow
July 12, 2017 (LBO) – Sri Lanka’s Colombo Stock Exchange has recorded the second highest-ever yearly net foreign inflow of 22.8 billion rupees, the …
Sri Lanka cuts export earnings target to USD18bn by 2020
July 12, 2017 (LBO) – Sri Lanka is currently looking at a target for export earnings of 18 billion US dollars by 2020, State Minister of International Trade …
Sri Lanka’s new Inland Revenue Act will be investor friendly: Finance Minister
July 12, 2017 (LBO) – Sri Lanka’s Finance Minister says the main objective of the new Inland Revenue Bill is to simplify the tax system in order to …
Odel plans USD106mn mixed development project in Sri Lanka
July 12, 2017 (LBO) – Odel Properties One (Private) Limited, a fully owned subsidiary of Odel, has entered into an agreement with Sri Lanka’s Board of …
Srilankan Airlines recruits 20 management trainees
July 11, 2017 (LBO) – State-run SriLankan Airlines has recruited 20 management trainees, following a one-year training programme, to absorb new blood …