US Embassy explains next steps for MCC grant
Nov 06, 2019 (LBO) – With presidential elections approaching, the United States anticipates working toward grant signing and parliamentary approval …
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Sri Lankan spices & other products to benefit from Geographical Indications
Nov 06, 2019 (LBO) – The Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Primary Industries and Social …
Fitch rates Singer Finance (Lanka)’s senior debt ‘BBB(lka)(EXP)’
Nov 06, 2019 (LBO) - Fitch Ratings has assigned Singer Finance (Lanka) PLC's (SFL, BBB(lka)/Stable) proposed Sri Lanka rupee-denominated senior …
The future of Sri Lanka’s education in the 4IR : IPS
The profound impacts that an emerging fourth industrial revolution (4IR) will have on the future employment landscape underscore the crucial role of …
Government will not sign MCC before election: Sajith Premadasa
Nov 06, 2019 (LBO) – Presidential Candidate Sajith Premadasa says that the government will not sign the Millenium Challenge Corporation (MCC) …
SEC files action against Wegapitiya & others for market manipulation in Laugfs Gas
Nov 05, 2019 (LBO) – Sri Lanka’s Securities & Exchange Commission (SEC) today filed an action in the Colombo Fort Magistrate Court against …
Finance Ministry has no legal authority to sign MCC: Bar Association of Sri Lanka
Nov 05, 2019 (LBO) – Bar Association of Sri Lanka (BASL) says that the Finance Ministry has no legal authority to sign the MCC Agreement which …
Kingsbury Hotel to redesign spaces with unique dining experiences under BOI deal
Nov 05, 2019 (LBO) – Sri Lanka's Board of Investment has signed a supplementary agreement with the Kingsbury PLC to expand and refurbish the hotel …
Sri Lanka economy remains vulnerable to adverse shocks: IMF
Nov 05, 2019 (LBO) – Sri Lanka's economy remains vulnerable to adverse shocks given the high public debt and low reserves, the International …
Sri Lanka economy to grow 3.5-pct in 2020: Central Bank
Nov 05, 2019 (LBO) - The Sri Lankan economy is projected to grow by around 3.5 percent in real terms in 2020, a new Central Bank report says. "The …
Sri Lanka FDI down in first half of 2019: Dips in service and infrastructure sectors
Nov 05, 2019 (LBO) - The Central Bank says that Foreign Direct Investment (FDI) including loans to projects approved by the Board of Investment …
New network member logo introduced for qualified chartered accountants
Nov 04, 2019 (LBO) – CA Sri Lanka applauded Chartered Accountants Worldwide (CAW) for building international recognition of the Chartered …
Fitch affirms Melstacorp & Distilleries at ‘AAA(lka)’; outlook stable
Nov 04, 2019 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp, and its subsidiary, …
ComBank receives best bank award from Global Finance
The Commercial Bank of Ceylon was recently presented the award for ‘Sri Lanka’s Best Bank in 2019’ by the USA-based Global Finance magazine at …
Opinion: Are we finally done taxing Aunty Flo?
By Nishtha Chadha One of the most talked about election promises this week has been Sajith Premadasa’s promise to distribute free sanitary hygiene …
Fin Min says LPG supplies on the way
Nov 04, 2019 (LBO) - Sri Lanka’s Finance Ministry says an emergency purchase of 12,000 metric tonnes of liquefied petroleum gas is on its way …
IMF completes sixth review of Sri Lanka’s EFF with USD164mn disbursement
Nov 02, 2019 (LBO) – Sri Lanka's Central Bank should maintain a data-dependent monetary policy, completing the sixth review of the country’s …
JKH Sept quarter net profit down 55-pct amid Easter Sunday impacts
Nov 01, 2019 (LBO) – Sri Lanka’s diversified John Keells Holdings said its profits for the second quarter were mainly impacted by the Easter …
Finance Ministry releases MCC draft agreement to the public
Nov 01, 2019 (LBO) – Sri Lanka's Finance Ministry today released the draft agreement of the Millenium Challenge Compact to the public. The …
Moody’s affirms 3 Sri Lankan banks’ ratings
Nov 01, 2019 (LBO) – Moody's Investors Service has affirmed the long-term/short-term local currency deposit ratings of Bank of Ceylon (BOC), Hatton …
Govt will send MCC agreement to Parliament once it is signed: US Embassy
Nov 01, 2019 (LBO) – Sri Lanka's Parliament will have ample opportunity to review the MCC grant assistance agreement once the agreement is signed, …
Bar Association of Sri Lanka urges Govt not to proceed with MCC deal
Oct 31, 2019 (LBO) – The Bar Association of Sri Lanka urges the Government not to proceed with the proposed MCC agreement whatever compelling …
MCC will be submitted to Parliament once it is signed: Finance Ministry
Oct 31, 2019 (LBO) – The Millennium Challenge Corporation's compact agreement and the program implementation agreement will be submitted to and …
Seylan Bank records profit after tax of Rs. 2.6Bn in 3Q 2019
Oct 31, 2019 (LBO) – Seylan Bank closed the nine months ending 30th September 2019 with a post-tax profit of Rs. 2,554 Mn, a marginal increase of …