Dollar gains limited in 2016, fund managers look elsewhere
Dec 29, 2015 (LBO) - US Dollar gains are expected to be limited next year compared with the strengthening seen over the last two years after a well-expected …
Economy
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Sri Lanka foreign reserves rise to USD7.3 bln in Nov
Dec 29, 2015 (LBO) - Sri Lanka's official foreign reserves increased to 7,295 million dollars at the end of November this year, up from 6,480 million dollars …
Sri Lanka labour force 9 mn, unemployment 5 pct in 3Q: Census Dept
Dec 23, 2015 (LBO) – Sri Lanka’s labour force is about nine million in the third quarter of 2015, of which 64.5 percent are males and 35.5 percent are …
Sri Lanka’s economic goals can be achieved through addressing brain drain: Eran
Dec 23, 2015 (LBO) - Sri Lanka’s deputy Minister of State Enterprise Development said that internationally exposed management skills of local expatriates are …
Details on new investment and exports framework in January: Malik
Dec 22, 2015 (LBO) – Sri Lanka will have its first glance of the country’s new investment and export framework as early as next January, a top Cabinet …
Sri Lanka inflation accelerates to 4.8-pct in November
Dec 21, 2015 (LBO) – Sri Lanka’s consumer prices rose 4. buy silvitra online buy silvitra generic buy zoloft online buy zoloft online no prescription 8 …
Colombo Port will have trouble providing welfare facilities to employees: Minister
Dec 21, 2015 (LBO) – Sri Lanka’s Minister of Port and Shipping Arjuna Ranatunga had yesterday revealed that even though the annual income is 29 billion …
Motor car registrations high at 10,054 in November: JB Securities
Dec 18, 2015 (LBO) - Vehicle registration momentum continued into the month of November due to the pre-Nov 20 budget surge and relaxation of LTV rule, JB …
Sri Lanka cannot expect IMF to come and sort out problems: Razeen Sally
Dec 18, 2015 (LBO) – Sri Lanka might need IMF funds as money flow tightens in the future with global economic complexity but the government cannot expect a …
Turkey to provide USD350mn for development projects in Sri Lanka
Dec 17, 2015 (LBO) – Finance Ministry is to enter into an agreement with Turkey that will enable Sri Lanka to have 350 million US dollars from Turk Exim Bank …
Sri Lanka requests India to extend USD 1.5bn swap facility by one year
Dec 17, 2015 (LBO) – Sri Lanka’s Finance Ministry has requested India to extend the existing 1.5 billion US dollars swap facility by one year, the finance …
We are not dictated by IMF policy: Finance Minister
Dec 17, 2015 (LBO) – Sri Lanka’s Finance Minister told Parliament Wednesday that the country has a strong balance of payments environment and rejected …
US Fed raises rates by 25 bp, first hike since 2006
Dec 17, 2015 (LBO) – The US Federal Reserve has raised interest rates by 25 basis points, its first increase since 2006. Fed Chair Janet Yellen said the move …
Sri Lanka GDP grows 4.8-pct in 2015 third quarter: Census Dept.
Dec 15, 2015 (LBO) – Sri Lanka’s gross domestic product expanded 4.82 percent in the third quarter of 2015 from a year earlier, the state statistics office …
USD 1.6 bn worth FDI expected from 66 projects, 45 expansions: BOI
Dec 15, 2015 (LBO) – Sri Lanka’s Board of Investment says they are expecting 1.6 billion US dollars worth foreign direct investments through 66 new …
Fed liftoff largely priced in by emerging markets: ABN AMRO
Dec 15, 2015 (LBO) - A first rate hike by the U.S. Fed in nearly a decade expected this week is largely priced-in and emerging markets may have already seen …
Special economic zones, a driving force for increased trade in Asia: ADB
Dec 14, 2015 (LBO) - Special economic zones (SEZs) can be a driving force for increased trade, investment, and economic reform in Asia as it experiences a …
“I Paid A Bribe” anti-corruption website launched in Sri Lanka
Dec 11, 2015 (LBO) - Sri Lanka's government and I Paid A Bribe Sri Lanka has launched a "first of its kind" anti-corruption website www.ipaidabribe.lk to crowd …
Sri Lanka female labor force participation could boost productivity: Kvintradze
Dec 11, 2015 (LBO) - Sri Lanka needs labor market reforms including boosting of female labor force participation rate, a senior International Monetary Fund …
IMF concludes fourth post-program monitoring
Dec 10, 2015 (LBO) - The International Monetary Fund concluded its fourth Post-Program Monitoring with Sri Lanka, noting a more challenging external …