Government says fuel distribution restored despite union action
July 26, 2017 (LBO) – Sri Lanka’s government informs that bowsers can now collect fuel from stores as the government has restored fuel distribution. …
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Privatization is not part of my mandate: New PPP chief
July 26, 2017 (LBO) – Sri Lanka will look at public-private partnerships (PPPs) in transport, utilities, ports, tourism, construction, housing, health care, …
Freshly minted Sino-Lankan agreement on Hambantota port to be put to parliament on Friday
By P.K. Balachandran A freshly minted Sino-Sri Lankan agreement on the controversial Hambantota port will be submitted to the Sri Lankan parliament for a …
Central Bank introduces new primary issuance system for T-bonds
July 25, 2017 (LBO) – Sri Lanka’s Central Bank is to introduce a new primary issuance system for Treasury bonds. Effective from July 27, 2017, the new …
Presidential Commission on Bonds extended further by 3 months
July 25, 2017 (LBO) – Sri Lanka’s President has extended the time period of the Presidential Commission of inquiry to investigate and inquire into the …
Sri Lanka motor car registrations dip in June, electric cars out of favor: JB
July 25, 2017 (LBO) – Sri Lanka motor car registrations dipped slightly in June to 2,800 units from 2,812 registered in May, JB Securities said in a …
Central Bank takes steps after HNB customer info leak
July 24, 2017 (LBO) – Sri Lanka’s Central Bank has conducted a preliminary investigation into a leakage of information of more than 4,000 customers …
Sri Lanka’s average inflation remains at 18-month high in June
July 24, 2017 (LBO) – Sri Lanka’s annual average inflation remained at a more than 18-month high of 6.1 percent in June, unchanged from a month ago. …
10 Sri Lankan Finance Companies ratings affirmed : Fitch
July 24, 2017 (LBO) – Fitch Ratings, a credit ratings agency, has affirmed the long-term issuer default ratings (IDRs) of ten local finance companies, …
Sri Lanka’s economy to bounce back in 2017 and accelerate in 2018: IMF
July 24, 2017 (LBO) – The International Monetary Fund (IMF) forecasts Sri Lankan economy to rebound in 2017 and accelerate in 2018, despite the lower …
UK says Sri Lanka among 30 human rights priority countries
July 21, 2017 (LBO) – Sri Lanka is one of 30 ‘Human Rights Priority Countries’ (HRPCs) that the UK looks for positive engagement with to address human …
Sri Lanka income tax bill to parliament by August
July 21, 2017 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera said he is expecting to present the new income tax act to parliament in …
Travel goods from Sri Lanka to receive duty free entry to US
July 21, 2017 (LBO) – Export of travel-related products from Sri Lanka will enjoy duty free entry to the United States following a decision by the US …
No coal in Sri Lanka’s PUCSL approved long-term power generation plan
July 20, 2017 (LBO) – Sri Lanka’s Public Utilities Commission has approved an alternate Least Cost Long Term Generation Expansion Plan (LCLTGEP) …
One third of Sri Lankan family firms don’t have a succession plan: survey
July 20, 2017 (LBO) – The Sri Lanka Institute of Directors and global strategy consulting firm Stax, highlighting their 2017 Family Business Survey, says 32 …
Cocaine detected by employees of Lanka Sathosa in container
July 20, 2017 (LBO) – A haul of 150 Kg of cocaine has been detected by employees of Lanka Sathosa in a container addressed to CWE (Sathosa) on Wednesday. …
Sri Lanka Ports Authority to modernize Jaya Container Terminal
July 19, 2017 (LBO) – Cabinet nod has been received to modernize the Jaya Container Terminal (JCT) of the Sri Lanka Ports Authority in order to improve the …
Sri Lanka will be our gateway in Indian Ocean: Singapore’s Foreign Minister
July 19, 2017 (LBO) – The proposed Sri Lanka-Singapore Free Trade Agreement will serve as Sri Lanka’s gateway to Southeast Asia, while Sri Lanka will be …
Dumindra Ratnayaka appointed chairman of BOI: Reports
July 18, 2017 (LBO) – Dumindra Ratnayaka has been appointed as the chairman of the Board of Investment (BOI) of Sri Lanka, media reports said. He is the only …
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 …