New salaries commission to review public, private salary structures
Feb 24, 2016 (LBO) – The cabinet has decided to appoint a new Salaries and Cadre Commission to broadly and formally review salary structures and cadre …
Economy
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Prime Minister says ETCA being formulated, Sri Lankans won’t lose jobs
Feb 24, 2016 (LBO) - Sri Lanka is currently at the formulating stage of an "Economic Technology Cooperation Agreement" with India, Prime Minister Ranil …
Sri Lanka to get 100Mn loan from ADB for SME sector
Feb 23, 2016 (LBO) – Sri Lanka’s government signed a loan agreement with the Asian Development Bank (ADB) to borrow 100 million US dollars to implement a …
Sri Lanka inflation NCPI decelerates 0.7-pct in Jan 2016
Feb 23, 2016 (LBO) - Sri Lanka’s consumer prices decelerated 0. buy zydena online …
Sri Lanka lending to increase to USD 2Bn by 2016: ADB President
Feb 23, 2016 (LBO) - Asian Development Bank said it will scale up lending to Sri Lanka to 2 billion US dollars in loans and equity in 2016 through 2018 …
Sri Lanka Central Bank hikes interest rates by 50 bp
Feb 19, 2016 (LBO) - Sri Lanka's Central Bank hiked interest rates after a monthly policy meeting due to risks to the macroeconomy from excessive money supply …
ADB to lend USD 500Mn, shifting focus in Sri Lanka lending
Feb 19, 2016 (LBO) - The Asian Development Bank will lend 505 million dollars to Sri Lanka in 2016 and focus on new areas like private sector development, …
Elusive global outlook requires urgent policy response, says OECD
Feb 19, 2016 (LBO) - Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in …
Sri Lanka to collect corporate taxes online from next month
Feb 19, 2016 (LBO) – Sri Lanka’s state tax collector will gradually move out of manual tax administration by launching the first phase of RAMIS next month. …
Perpetual Treasuries lead sponsor Investment Summit in Singapore
Feb 18, 2016 (LBO) - Sri Lankan primary dealer Perpetual Treasuries said it will be one of the lead sponsors of the Sri Lanka Investment Summit to be held in …
One-fourth of Sri Lanka’s population will be over 60 by 2050: WB
Feb 18, 2016 (LBO) – Sri Lanka will witness dramatic impacts on aging and urbanization contrary to the demographics of most South Asian economies, the World …
Everjobs to expand job opportunities to smaller Sri Lanka towns
Feb 18, 2016 (LBO) – Everjobs, a Rocket Internet company subsidiary, wants to expand beyond Sri Lanka’s main cities this year and encourage more local …
Crowdfunding platform Crowdisland.lk launched for Sri Lankan start ups
Feb 18, 2016 (LBO) - Sri Lankan start ups will be able to utilize a new crowdfunding platform, crowdisland.lk, launched on Wednesday with the backing of an …
Sri Lanka’s five challenges for development: World Bank
Feb 16, 2016 (LBO) – Sri Lanka’s has five main challenges that need to be addressed In order to sustain progress and fulfill development potential, the …
Poverty in Sri Lanka down, revenue shortfall a concern: World Bank
Feb 16, 2016 (LBO) - Sri Lanka has reduced poverty to below 7 percent of the population but future prosperity will depend on addressing chronic revenue short …
Global stocks rebound, eyes on Saudi, Russia Oil meeting
Feb 16, 2016 (LBO) - Global stocks rebounded on chances equity markets have been oversold with China opening up two percent after Japan's seven percent surge …
Sri Lanka to strengthen economic ties with Germany through President’s visit
Feb 15, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena is on an official visit to Germany and Austria with the aim of further strengthening the …
Bharti Airtel in talks to merge Sri Lanka unit with Dialog Axiata
Feb 15, 2016 (LBO) - Bharti Airtel is believed to be in talks to merge its wholly-owned Sri Lanka unit with Dialog Axiata in a likely share-swap deal, two …
Standard Chartered lead sponsors Sri Lanka Investment Summit
Feb 15, 2016 (LBO) - Standard Chartered will lead sponsor the Sri Lanka Investment Summit to be held In Singapore on 15 March 2016. This inaugural event, …
Sri Lanka IMF issues could be worked out March or April: IMF
Feb 12, 2016 (LBO) - Sri Lanka has expressed interest in an IMF supported program as an option to address balance of payments pressures and issues could be …