Sri Lanka President hosts visiting Indian PM to dinner
May 12, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena hosted a dinner for Indian Prime Minister Narendra Modi on Thursday who is …
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Sri Lanka economy to grow 4.9-pct in 2018: UNESCAP
May 12, 2017 (LBO) – Sri Lanka’s economic growth is expected to rebound modestly to around 4.8-4.9 percent in 2017 and 2018, the Economic and Social Survey …
Sri Lanka to rollout waste disposal centres, other steps
May 09, 2017 (LBO) – Sri Lanka’s cabinet has approved, as part of long-term solutions for the management of municipal solid waste generated in the …
Protection from cyber attacks a priority: DHL Asia Pacific CIO
May 09, 2017 (LBO) – Sri Lankan corporates needs to increasingly invest on protecting systems, in the backdrop of growing cyber-attacks on organisations, as …
Sri Lanka foreign reserves down by USD74mn in April
May 08, 2017 (LBO) – Sri Lanka’s official foreign reserves further dropped by 74 million US dollars to 5.04 billion dollars in April, official Central Bank …
Sri Lanka raises USD1.5 bil in international sovereign bond
May 05, 2017 (LBO) – The Central Bank of Sri Lanka, on behalf of the government, has successfully priced a 1.5 billion dollar 10-year International …
Sri Lanka trade gap widens 35-pct in Jan; fuel imports up 102-pct
May 05, 2017 (LBO) – Sri Lanka’s exports dropped 3.8 percent to 865 million dollars in January 2017, while imports grew at a faster 13.2 percent to 1,798 …
Sri Lanka tourist arrivals up 17.5-pct in April 2017
May 05, 2017 (LBO) – Tourist arrivals in Sri Lanka rose 17.5 percent to 160,249 in April, after falling in the previous two months, with growth in the …
RTI can be game changer in Sri Lanka’s path to prosperity: World Bank
May 05, 2017 (LBO) – Sri Lanka’s newly enacted Right to Information (RTI) Act if used effectively can be key for the country’s transition to …
SriLankan Airlines posts Rs6.5bn loss for 2016/17
May 04, 2017 (LBO) – SriLankan Airlines has recorded an unaudited group loss of 6.49 billion rupees for the financial year before finance and one-off …
Fitch assigns Sri Lanka’s dollar bond B+ (EXP) rating
May 04, 2017 (LBO) – Fitch Ratings has assigned Sri Lanka’s upcoming US dollar-denominated bonds an expected rating of B+(EXP). The rating agency said …
Sri Lanka to unveil massive incentives for large investments
May 04, 2017 (LBO) – Sri Lanka’s proposed Inland Revenue Act plans to include investment incentives which provide massive depreciation allowances for …
Cabinet approves Inland Revenue, NBT Acts, revision of cess levy
May 04, 2017 (LBO) – Sri Lanka’s cabinet has given the go ahead to gazette and present in Parliament the new Inland Revenue Bill, as proposed in …
Sri Lanka proposes three-tier corporate tax structure
May 04, 2017 (LBO) – Sri Lanka’s new Inland Revenue Act seeks to introduce a three-tier simplified tax structure for corporate entities. Higher rate of 40 …
France to provide 30 mil euros for green energy in Sri Lanka
May 04, 2017 (LBO) – Sri Lanka will enter into a loan agreement with the French Agency for Development (AFD) to fund projects for green energy …
LAUGFS says LPG Terminal in Hambantota on schedule for 2018
May 04, 2017 (LBO) – One year into the construction of the LAUGFS LPG Import and Export Terminal in Hambantota, the first phase, with a 30,000 MT …
IMF reaches staff-level agreement, eyes on Inland Revenue Act
May 04, 2017 (LBO) – An IMF team has reached staff-level agreement with Sri Lankan authorities on the second review under a three-year Extended Fund …
Sri Lanka to regulate water services industry
May 03, 2017 (LBO) – Sri Lanka seeks to regulate water services industry by introducing a new law which includes guidelines to regularizing the sector. Water …
Supreme Court declares forex bill consistent with constitution
May 03, 2017 (LBO) – Speaker Karu Jayasuriya today informed Parliament that the Supreme Court has declared that the proposed foreign exchange bill is not …
Sri Lanka launches e-Police clearance certificates
May 03, 2017 (LBO) – Sri Lanka’s Police has launched an ePolice certificate system with the help of ICTA for the issuance of Police Clearance …