Sri Lanka’s merchandize exports surpass USD 1 billion mark in September
Oct 13, 2020 (LBO) – Sri Lanka’s merchandize exports have surpassed the US$ 1 billion mark in September after July during this year, statistics of the …
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Moody’s ratings downgrade unwarranted: Sri Lanka’s Finance Ministry
Sep 28, 2020 (LBO) – Sri Lanka's Finance Ministry says that the Moody’s ratings downgrade today is unwarranted. Releasing a statement shortly after …
Moody’s downgrades Sri Lanka’s ratings to Caa1, outlook changed to stable
Sep 28, 2020 (LBO) – Moody's Investors Service ("Moody's") has today downgraded the Government of Sri Lanka's long-term foreign currency issuer and senior …
UNICEF commends Sri Lanka for adopting policy reforms to ensure justice for children
Sep 24, 2020 (LBO) – The United Nations Children's Fund (UNICEF) is grateful to the Government of Sri Lanka for adopting two very important policy reforms …
GDP growth to record steepest contraction at -5.8-pct for 2020E; W-shape recovery ahead: FCR
Sep 15, 2020 (LBO) – First Capital Research (FCR) expects the GDP growth to record the steepest contraction at -5.8% for 2020 while the growth may continue …
Cabinet approval granted to revise Inland Revenue Act & Value Added Tax Act
Aug 27, 2020 (LBO) – Sri Lanka's Cabinet of Ministers has approved a proposal submitted to seek approval for directing the Legal Draftsman for the …
Ceylon Electricity Board announces power cut schedule
Aug 18, 2020 (LBO) – Ceylon Electricity Board says they are currently experiencing a severe capacity deficit due to the unavailability of Lakvijaya Power …
Sri Lanka’s exports surpass USD 1bn mark in July with V shape recovery
Aug 14, 2020 (LBO) – Sri Lanka’s exports have surpassed the USD 1 billion mark in July after six months time period where a similar achievement was only …
Swearing-in ceremony for Sri Lanka’s new Cabinet
Aug 12, 2020 (LBO) – The swearing-in ceremony for Sri Lanka's new Cabinet took place at the historic Magul Maduwa, the Audience Hall of Kandy Royal Palace at …
Mahinda Rajapaksa sworn in as Sri Lanka’s Prime Minister
Aug 09, 2020 (LBO) – The leader of Sri Lanka Podujana Peramuna (SLPP) Mahinda Rajapaksa was sworn in as the 13th Prime Minister of Sri Lanka before President …
We look forward to partnering with government & new parliament: United States
Aug 07, 2020 (LBO) – The United States congratulates Sri Lanka on conducting the elections in a peaceful and orderly manner despite the challenges posed by …
Sri Lanka ruling alliance secures two-thirds majority in Parliamentary Elections
Aug 07, 2020 (LBO) – Sri Lanka's ruling alliance has secured a two-thirds majority in the parliamentary elections 2020. In a twitter message, President …
Sri Lanka restricts outward remittances on capital transactions for six months
Jul 16, 2020 (LBO) – Sri Lanka's Minister of Finance with the recommendation of the Monetary Board and the approval of the Cabinet have issued an order …
Sri Lanka’s Central Bank to develop Blockchain Technology based KYC Proof of Concept
Jul 07, 2020 (LBO) – Sri Lanka's Central Bank has entered into agreements to begin the process of developing a Blockchain Technology Based Shared …
Kasturi Wilson to succeed Steven Enderby as CEO of Hemas
Jun 25, 2020 (LBO) – Hemas Holdings announced the appointment of Kasturi Chellaraja Wilson as Group Chief Executive Officer, effective 1st October 2020, …
People’s Bank introduces multiple loan schemes in line with government direction
Jun 22, 2020 (LBO) – The Chairman and Board of Directors together with the management of the People’s Bank in accordance with the direction of the …
Mangala defends Sri Lanka’s Central Bank
Jun 21, 2020 (LBO) – Former Finance Minister Mangala Samaraweera says that he is defending the actions of the Central Bank as the Bank has done what was …
Central Bank increases funding for businesses affected by COVID-19
Jun 16, 2020 (LBO) – Central Bank has decided to provide funding to Licensed Commercial Banks (LCBs) at the concessionary rate of 1.00 percent against the …
ICTA denies alleged irregularities alluded to by Dr. Weerawarana
Jun 01, 2020 (LBO) – ICTA categorically denies the alleged irregularities alluded to by Dr. Sanjiva Weerawarana and is considering what actions it should …
CPC fuel supply, deciding factor for Sri Lanka’s main power outages
Feb 26, 2020 (LBO) – Continuous fuel supply from Ceylon Petroleum Corporation (CPC) has become the principal deciding factor for an uninterrupted power …