Samurai Bond to support reserves to maintain around USD8Bn throughout 2019: FC
Aug 20, 2019 (LBO) – Sri Lanka’s First Capital Research believes that the raising of 500 million dollars via Samurai Bonds is likely to support to maintain …
JVP declares Anura Kumara as their presidential candidate
Aug 18, 2019 (LBO) – Sri Lanka's Marxist Janatha Vimukthi Peramuna (JVP) today declared its leader Anura Kumara Dissanayaka as their presidential candidate …
Mahinda officially names Gotabaya as their presidential candidate
Aug 11, 2019 (LBO) – Opposition Leader Mahinda Rajapaksa today officially named former Defence Secretary Gotabaya Rajapaksa as the presidential candidate of …
Cabinet approves amendments to Nation Building Tax & Value Added Tax
Aug 06, 2019 (LBO) – Sri Lanka's Cabinet of Ministers has approved the tax amendments proposed by the Finance Minister Mangala Samaraweera in his Budget …
BOI to take action against Hayleys Free Zone Ltd for failed waste re-exports
July 19, 2019 (LBO) – Sri Lanka’s Board of Investment is to take stern action against Hayleys Free Zone Limited for failing to meet commitment laid out in …
Sri Lanka reserves improve to USD 8.9bn by end June; YTD rupee appreciation 4.1-pct
July 11, 2019 (LBO) – Sri Lanka's gross official reserves have reached 8.9 billion US dollars by end June 2019, following the receipt of 2 billion US dollars …
Ground handling, aviation fuel, and embarkation levy reduced for 6 months to boost tourism
Jul 09, 2019 (LBO) - Sri Lanka Tourism Development Authority together with the Prime Minister’s office, the Minister of Tourism, Wildlife and Christian …
Sri Lanka tourist arrivals picking up; 66-pct increase in June from May
July 03, 2019 (LBO) – Tourist arrivals to Sri Lanka increased by 66 percent in the month of June 2019 from the previous month, the latest data from the …
World Bank classifies Sri Lanka as upper-middle income country under new revision
Jul 02, 2019 (LBO) – Sri Lanka has moved up to the upper-middle income category from lower-middle income category under the World Bank’s new country …
Moody’s cuts SL GDP forecast to 2.6-pct amid challenges of tourism, debt refinancing
Jun 20, 2019 (LBO) – Moody’s Investors Service have revised down their 2019 real GDP forecast to 2.6 percent from the previous estimate of 3.4 percent …
Central Bank will impose lending cap if Sri Lanka banks do not cooperate: CBSL Chief
Jun 03, 2019 (LBO) – Sri Lanka’s Monetary Board would need to consider whether they impose a lending cap if the banks are not cooperative enough to reduce …
New Chairman for SLTDA; Kishu Gomes to focus on Sri Lanka Tourism brand promotion
May 15, 2019 (LBO) – Sri Lanka's Tourism Minister John Amaratunga has appointed Johanne Jayaratne as Chairman of the Sri Lanka Tourism Development Authority …
Sri Lanka to issue visa on arrival to tourists from 39 countries
Apr 05, 2019 (LBO) – Sri Lanka's Cabinet of Ministers has approved a proposal to issue visa on arrival to tourists visiting the island from 39 countries. …
Sri Lanka expects to make certain amendments to Singapore FTA: President
Jan 25, 2019 (LBO) – Sri Lanka’s President has discussed with the Prime Minister of Singapore that the Sri Lankan side is expecting to make certain …
5G & competition, key issues for Asia-Pacific Telco investors: Fitch Ratings
Jan 25, 2019 (LBO) – Credit investors in the Asia-Pacific telecommunications sector have key questions on telcos' growth prospects amidst rising …
Sri Lanka ready to create artificial rain for hydropower generation
Jan 23, 2019 (LBO) – Ceylon Electricity Board and Sri Lanka Air Force today signed a memorandum of understanding to facilitate the project of creating …
Fitch-rated frontier markets saw 13 positive, 6 negative rating actions in 2018
Jan 21, 2019 (LBO) – Fitch-rated frontier markets saw more positive than negative sovereign rating actions in 2018 with 13 positive rating actions compared …
IMF to visit Colombo in mid-Feb to resume program discussions: Christine Lagarde
Jan 16, 2019 (LBO) – The International Monetary Fund remains ready to support the Sri Lankan authorities and an IMF team is scheduled to visit Colombo in …
Democracy Index 2018: Sri Lanka ranking falls more than others in region after crisis
Jan 09, 2019 (LBO) – Sri Lanka’s democracy ranking has fallen more than any other country in the region with a marked decrease in its score from 6.48 in …
Recent rupee depreciation aligned with capital outflows not current account
Jan 08, 2019 (LBO) – Sri Lanka’s Central Bank Governor says that the rupee depreciation is no longer aligned with fundamentals in terms of current account …