Investor Dr. Mark Mobius in Colombo next week
Dec 03, 2019 (LBO) - Colombo’s upcoming major mixed development, Cinnamon Life announced the visit of the legendary emerging markets investment …
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Sri Lankan insurers’ regulatory capital positions drop on IFRS 16 adoption: Fitch
Dec 03, 2019 (LBO) – Sri Lankan insurers' risk-based capitalisation (RBC) ratios have fallen with the adoption of new accounting standards for …
Sri Lanka President prorogued Parliament for one month
Dec 02, 2019 (LBO) – President Gotabaya Rajapaksa by way of a proclamation has prorogued Parliament with effect from midnight. It has been fixed …
Finance Ministry outlines intention behind Sri Lanka’s new tax regime
Dec 02, 2019 (LBO) – Sri Lanka’s Finance Ministry says that the recent tax reforms constitute a much-needed transformation in the country’s tax …
Industry leaders comment on SME Board of Colombo Stock Exchange
Dec 02, 2019 (LBO) – The Empower SME Board of the Colombo Stock Exchange is a crucial medium when it comes to helping smaller companies attract …
Sri Lanka Y-o-Y inflation down to 4.4-pct in Nov 2019
Dec 02, 2019 (LBO) - The yer‐on‐year inflation as measured by CCPI is 4.4 percent in November 2019 and inflation calculated for October 2019 was …
SLASSCOM honors Sri Lanka’s most innovative technology product and service companies
Dec 02, 2019 (LBO) - SLASSCOM recently hosted the annual innovation awards and gala 2019 for the second consecutive year at the Shangri-La Hotel, …
Authorized dealer was not the importer of mis-declared Audi A5 cars: CMTA
Dec 02, 2019 (LBO) – The Ceylon Motor Traders Association (CMTA) says that the sole authorized dealer for Audi in Sri Lanka was not the importer of …
Swiss Mission’s timeline did not correspond with actual movements of alleged victim: FM
Dec 02, 2019 (LBO) – Sri Lanka’s Foreign Ministry says that the sequence of events and timeline of the alleged incident involving the staff …
Indian Prime Minister reiterates Sri Lanka to implement 13th amendment
Nov 30, 2019 (LBO) – Indian Prime Minister Narendra Modi reiterated Sri Lanka to implement the 13th amendment to the constitution and expected that …
Sri Lanka to introduce new scoring system to CRIB from January
Nov 29, 2019 (LBO) – Sri Lanka’s Central Bank said a new scoring system will be introduced to the Credit Information Bureau (CRIB) from January …
Fiscal stimulus should be structured not to overheat economy: CB Governor
Nov 29, 2019 (LBO) – The government is to make a policy statement as to how the recently introduced fiscal stimulus would be accommodated within a …
SL Govt re-affirms commitment Vienna Con on diplomatic relations following Swiss Embassy incident
Nov 29, 2019 (LBO) - The Government of Sri Lanka has taken serious note of the alleged criminal incident concerning a locally recruited staff member …
President appoints six-member committee to aid appointments at state institutions
Nov 29, 2019 (LBO) - The Presidential Secretariat appointed a six-member committee comprised of professionals under the directions of President …
Recent tax cuts support short term but greater fiscal clarity needed for medium term: CBSL
Nov 29, 2019 (LBO) – Sri Lanka’s Central Bank observes that the recent tax revisions would support lower inflation and higher economic growth in …
Policy rates of Sri Lanka’s Central Bank to remain unchanged
Nov 29, 2019 (LBO) – The Monetary Board of the Central Bank of Sri Lanka has decided to maintain its accommodative monetary policy stance. …
CSE comes alive with Rs2.8bn turnover but foreigners keep selling
November 28, 2019 (LBO) - The Colombo Stock Exchange (CSE) finished a busy day today with trading activity that has been rarely seen in recent years. …
Fitch revises expected rating on HNB Finance’s sub-debt issue to BBB+(EXP)
Nov 28, 2019 (LBO) – Fitch Ratings has revised the expected National Long-Term Rating on HNB Finance Limited's (HFL, A(lka)/Stable) proposed Sri …
Colombo stocks surge on Rajapaksa tax cut bonanza
November 28, 2019 (LBO) - The stock market in Sri Lanka started the day in rally mode with most of the major indices up approximately 1.5%. The sharp …
Sri Lanka announces tax reliefs; cuts VAT to 8-pct, removes PAYE, WHT & Capital Gains Tax
Nov 27, 2019 (LBO) – Sri Lanka's new Cabinet of Ministers has given its approval to reduce Value Added Tax (VAT) and various other taxes, …
Reports about any potential investment in TFC not true: Central Bank
Nov 27, 2019 (LBO) – Sri Lanka's Central Bank on Wednesday clarified that the information published in newspapers regarding any potential …
Speaker to recognise Ranil Wickremesinghe as Leader of the Opposition
November 27, 2019 (LBO) - The Speaker of Sri Lanka's Parliament Karu Jayasuriya will recognise the Leader of the UNFGG, Ranil Wickremesinghe as the …
Sri Lanka gets first bamboo–to-timber board production line with UNIDO backing
Nov 27, 2019 (LBO) – UNIDO, with the public sector, has granted hi-tech machinery for the production of bamboo boards from within Sri Lanka for the …
Dinesh Gunawardena calls on Foreign Ministry officials to rise to new challenges
Nov 27, 2019 (LBO) - Minister of Foreign Relations Dinesh Gunawardena assumed duties yesterday that the entire country is looking towards the Foreign …