CB Governor slams CEB, CPC and SriLankan for dragging down state banks
Oct 30, 2015 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran on Thursday slammed inefficient state-owned enterprises as they have created losses …
Economy
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China ends decades old “one child” policy, now they can have two
Oct 30, 2015 (LBO) - China's Communist Party has ended a decades-old 'one child' policy and married couples will now be allowed to have two children. online …
Sri Lanka seeks to connect tax payers with revenue office online
Oct 30, 2015 (LBO) – Sri Lanka is looking at the possibilities of connecting the island’s revenue collection office with tax payers directly to streamline …
90-pct vehicle leasing facility to come into effect today
Oct 29, 2015 (LBO) - Sri Lanka's Finance Ministry said that a 90 percent loan margin of leasing facility for motor vehicles will come into effect from …
Income security for older persons in Sri Lanka, a key future concern
Oct 29, 2015 (LBO) – Sri Lanka’s pension schemes need to be reevaluated as an adequate pension is essential to ensure income security for the elderly to …
Sri Lanka ranked 107 in ease of doing business index 2016
Oct 28, 2015 (LBO) – Sri Lanka was ranked 107 in the World Bank's "Doing Business 2016" index, which measures the ease of doing business in 189 different …
Sri Lanka raises USD1.5bn in Sovereign Bond issue: report
Oct 28, 2015 (LBO) – Sri Lanka has raised 1.5 billion dollars from a 10-year sovereign bond issued to international investors at 6.85 percent, a report …
Sri Lanka 10-year sovereign bond gets orders over USD2.5 bn: report
Oct 27, 2015 (LBO) - Sri Lanka has opened a 10-year sovereign bond issue to international investors with a price guidance of 6.85 percent to raise at least 500 …
Sri Lanka’s EDB called on to perform like private sector entity
Oct 23, 2015 (LBO) – Sri Lanka’s Export Development Board has been called upon to perform as a private sector entity to ensure a better performance from …
Finance Ministry to set up separate department for private sector from 2016
Oct 22, 2015 (LBO) – Sri Lanka’s Finance Ministry is to set up a separate department for the private sector development at the ministry from January 01, …
ADB to fund USD800mn for the 3rd phase of connecting rural in Sri Lanka
Oct 22, 2015 (LBO) – Sri Lanka to get financial assistance of 800 million US dollars from the Asian Development Bank (ADB) for the implementation of phase 3 …
Sri Lanka to introduce National Consumer Price Index
Oct 22, 2015 (LBO) – Sri Lanka is to introduce a new National Consumer Price Index to represent the national level changes in the inflation. The cabinet nod …
Sri Lanka’s exports and imports declines in August 2015: Central Bank
Oct 22, 2015 (LBO) – Sri Lanka’s exports earnings recorded a decline of 19.5 per cent, year-on-year, to 799 million US dollars in August 2015, showing …
CEO Forum: Inter-ministerial task force to boost economy, says Harsha
Oct 22, 2015 (LBO) – Sri Lanka’s new government has formed an inter-ministerial task force to develop the economy by coordinating work of important …
Sri Lanka parliament approves borrowing increase, taxes
Oct 21, 2015 (LBO) – Sri Lanka’s parliament has approved raising the ceiling on treasury bill borrowing by 400 billion rupees to finance a higher budget …
Sri Lanka to face tough challenges in adjusting economic reforms: Eran
Oct 21, 2015 (LBO) – Sri Lanka’s new administration is facing a lot of internal and external challenges with the economy received from the former regime …
Sri Lanka needs a proper development policy: German ambassador
Oct 21, 2015 (LBO) – Sri Lanka’s full potential can be achieved if the new government can come up with a proper economic policy framework for the island, …
Ravi K warns companies not paying bonuses due to Super Gains Tax
Oct 20, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Tuesday that the government is in search for big companies that are not …
Sri Lanka BOI chief says land policy for foreigners will be corrected
Oct 20, 2015 (LBO) – Sri Lanka’s Board of Investment says that the new administration will correct the land policy for foreigners which will help to …
Central Bank holds key interest rates unchanged
Oct 20, 2015 (LBO) - Sri Lanka's Central Bank held key interest rates unchanged on Tuesday after a monthly monetary policy announcement citing low inflation, a …