Ministers cannot grant tax concessions under new Inland Revenue Act: Finance Minister
Sept 04, 2017 (LBO) – Discretionary powers vested in Sri Lankan ministers to grant tax concessions has been expunged under the new Inland Revenue Act, …
Sri Lanka to emphasize KPIs in budget preparation: Finance Ministry
Aug 14, 2017 (LBO) – Sri Lanka’s finance ministry will focus on inclusion of key performance indicators (KPIs) for all budget proposals from …
Sri Lanka’s public finances strengthening, says IMF in country report
Aug 11, 2017 (LBO) – Sri Lanka’s overall fiscal deficit decreased from 7 percent to 5.4 percent of GDP between 2015 and 2016, with public finances …
Sri Lanka’s Hayleys Q1 profits up 42 pct to Rs522mn
Aug 11, 2015 (LBO) – Profits at Sri Lanka’s diversified Hayleys group rose 42.5 percent to 522 million rupees in the June 2015 quarter, interim accounts …
Sri Lanka Watawala Plantation profits drop; palm oil supports bottomline
Aug 07,2015 (LBO) – Sri Lanka’s Watawala Plantations said it made a profit of 131 million rupees in the June 2015 quarter, down 43 percent, compared with …
Sri Lanka’s budget 2016 targets budget deficit of 5.5 pct- of GDP
Aug 03, 2015 (LBO) – Sri Lanka wants to reduce the budget deficit to 5.5 percent of gross national production over 2016 to 2018, maintaining the state …
Polonnaruwa to become a metro city at cost of Rs16 bn
July 30, 2015 (LBO) – Sri Lanka’s north central heritage city Polonnaruwa to develop as a metro city at a cost 16,650 million rupees, cabinet spokesman …
Sri Lanka businesses urged to practice good governance : IFAC President
July 29, 2015 (LBO) – Sri Lanka’s business organization should practice good governance to build next level businesses and to support country to move …
Sri Lanka’s Carsons profits up, Beverage sector revenues affected: Annual Report
July 23, 2015 (LBO) – Sri Lanka’s Carson Cumberbatch PLC, with investments ranging from oil palms and beer to financial services said revenue were up by …
Sri Lanka private sector credit growth expands, Policy rates to be maintained: Central Bank
July 24, 2015 (LBO) – Sri Lanka Central Bank says credit to the private sector by commercial banks grew by 17.6 per cent, year-on-year, in May 2015, given …
Sri Lanka’s official reserves USD 6.8bn in May 2015
July 23, 2015 (LBO) – Sri Lanka’s gross official reserves stood at 6.8 billion US dollars in May 2015, equivalent to 4.2 months of imports, while total …
Sri Lanka’s General Treasury lends Rs544.9mn to pay Golden Key depositors tomorrow
July 23, 2015 (LBO) – Sri Lanka’s government will provide 544.3 million rupees of tax payers money as the first tranche to start paying the much talked of …
Sri Lanka Freedom Party appoints committee to cooperate with Mahinda Rajapaksa
June 16, 2015 (LBO) – Sri Lanka Freedom Party on Tuesday appointed a six member committee to cooperate with former President Mahinda Rajapaksa, General …
Sri Lanka Central Bank establishes legal and compliance Dept
June 12, 2015 (LBO) – The Central Bank of Sri Lanka said that it has established a ‘legal and compliance department’ to entrust the discharge of duties …
Sri Lanka’s bond auction sends positive signals to the world: CB Governor
May 29, 2015 (LBO) – Sri Lanka’s Central Bank Governor, Arjuna Mahendran says the local bond auction carried on a transparency manner and it sends positive …
Fitch Rates NDB’s Subordinated Debentures ‘A+(lka)(EXP)’
May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has assigned National Development Bank PLC’s proposed subordinated debentures of up to 10 …
Sri Lanka’s DFCC Vardhana Bank’s Debt assigned final ratings: Fitch
May 19, 2015 (LBO) – Fitch Ratings Lanka has assigned DFCC Vardhana Bank PLC’s proposed Basel II-compliant senior debentures a final National …
Sri Lanka’s govt. will not allocate money for development projects with no agreements: Finance Ministry
Mar 10, 2015 (LBO) – Sri Lanka’s Finance Ministry will not allocate funds for the development projects which don’t have legitimate agreements, Minister …
Sri Lanka govt. investigation on Port City to be closely monitored by China
Mar 09, 2015 (LBO) – Sri Lanka to be closely watched by Chinese government with regard to suspension work of the 1.buy wellbutrin online buy wellbutrin …
Sri Lanka Chinese port city builders complies govt’s order to halt work
Mar 08, 2015 (LBO) – A Chinese firm who build the port city in Sri Lanka said it has received official communication from the Sri Lankan government to …