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Sri Lanka holds policy rates amid higher inflation

Feb 12, 2013 (LBO) – Sri Lanka’s central bank held its main policy rate at which money is injected at 9.5 percent in February after cutting rates …

February 12, 2013 | Economy | Read More

Sri Lanka to develop Trincomalee port city with ADB finance

Feb 08, 2013 (LBO) – Sri Lanka will improve infrastructure in the northeastern port city of Trincomalee with an 85 million US dollar loan from the Asian …

February 8, 2013 | Economy | Read More

Sri Lanka reduces sudden hike in tea export tax

Feb 06, 2013 (LBO) – Sri Lanka’s rulers have reduced a near doubling of an export tax on tea imposed without consultation of the affected parties …

February 6, 2013 | Economy | Read More

Sri Lanka and Luxemburg to avoid double taxation

Feb 02, 2013 (LBO) – Sri Lanka and Luxemburg has signed an agreement to avoid double taxation, the island’s embassy in Brussels said. The agreement …

February 2, 2013 | Economy | Read More

Sri Lanka to rent underground utility ducts

Feb 01, 2013 (LBO) – Sri Lanka will rent space to telecom companies in conduits pre-laid under roads being rebuilt in the capital Colombo under a …

February 1, 2013 | Economy | Read More

Sri Lanka inflation rises 9.8-pct in Jan 2013

January 31, 2013 (LBO) – Consumer prices in Sri Lanka rose to 9.8 percent in January 2013 from a year earlier accelerating from 9.2 percent a month …

January 31, 2013 | Economy | Read More

Sri Lanka tea exporters protest sudden tax

Jan 30, 2013 (LBO) – Sri Lanka’s tea exporters are protesting an export tax that they have found has come into effect from January 23, where a cess …

January 30, 2013 | Economy | Read More

Sri Lanka trade press for simpler taxes

Jan 30, 2013 (LBO) – Sri Lankan trade and tax experts have pressed for further simplification of tax systems, saying that it will help generate more …

January 30, 2013 | Economy | Read More

Sri Lanka mulls rail hauling city waste to limestone pits

Jan 29, 2013 (LBO) – Sri Lanka is mulling a plan to haul solid waste from Sri Lanka’s capital Colombo to open pit limestone mines in the northwest …

January 29, 2013 | Economy | Read More

Sri Lanka on fast track to cut flood risk, modernize capital

Jan 29, 2013 (LBO) – Sri Lanka has begun a fast track execution of a 220 million US dollar World Bank funded plan to cut floods, boost drainage as well …

January 29, 2013 | Economy | Read More

Sri Lanka to host South Asia economic policy summit

Jan 28, 2013 (LBO) – Sri Lanka will host the 6th South Asia Economic Summit (SAES), a policy forum that brings together academia, government, civil …

January 28, 2013 | Economy | Read More

Sri Lanka firms find ways to battle tough times

Jan 27, 2013 (LBO) – Sri Lankan firms can ride out tough times by maintaining a lean culture, grabbing opportunities that are present in such periods and …

January 27, 2013 | Economy | Read More

Sri Lanka gets Hungarian credit for Colombo water supply

Jan 25, 2013 (LBO) – Sri Lanka will sign up export-import credits of 34 million Euros from Hungary to rehabilitate two water treatment plants supplying …

January 25, 2013 | Economy | Read More

Sri Lanka BOI appoints new chief

Jan 24, 2013 (LBO) – Sri Lanka’s Board of Investment said Lakshman Jayaweera, a Sydney based chemical engineer and entrepreneur, had been appointed …

January 24, 2013 | Economy | Read More

Sri Lanka sets 25 year minimum age for maids to Saudi

Jan 24, 2013 (LBO) – Sri Lanka has set a minimum age of 25 years for women seeking to work as maid in Saudi Arabia and 23 years for another seven Middle …

January 24, 2013 | Economy | Read More

India to parlay with Sri Lanka’s finance and economic ministry on trade

Jan 22, 2013 (LBO) – India will begin talks with Sri Lanka’s finance and economic ministry to develop “a framework for a special economic …

January 22, 2013 | Economy | Read More

Sri Lanka’s central bank holds rates, warns against SOE credit

Jan 17, 2013 (LBO) – Sri Lanka’s policy rate at which liquidity is injected to the market will remain at 9.5 percent following a 25 basis point …

January 17, 2013 | Economy | Read More

Sri Lanka growth to pick up to 6.8-pct in 2013: World Bank

Jan 16, 2013 (LBO) – Sri Lanka’s economic growth will pick up to 6.8 percent in 2013 helped renewed external demand, better agriculture output, the …

January 16, 2013 | Economy | Read More

Sri Lanka business chambers warn against CJ impeachment

Jan 10, 2013 (LBO) – A move by Sri Lanka’s ruling coalition to impeach chief justice Shirani Bandaranaike through a controversial process which was …

January 10, 2013 | Economy | Read More

Sri Lanka entering 2013 with better prospects: Treasury Secretary

Jan 05, 2013 (LBO) – Sri Lanka is entering 2013 with an improving external environment, a stable exchange rate and favourable weather for agriculture, …

January 5, 2013 | Economy | Read More
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