Economy

Sri Lanka gets foreign banks support: Central Bank

Dec 01, 2014 (LBO) – Sri Lanka’s Central Bank says that the foreign banks in Sri Lanka are expected to show greater participation in economic …

Sri Lanka inflation declines in November 2014: Amid rise in food prices

Nov 29, 2014 (LBO) – Sri Lanka’s inflation, continued its decelerating trend observed since June 2013 and reached 1.5 percent in November 2014 …

Sri Lanka to handover gold that recovered from LTTE banks to rightful owners

Nov 27, 2014 (LBO) – The gold that recovered from illegally operated banks by LTTE will be handed over to their rightful owners by the government of Sri …

ADB loans $150mn to develop green power and energy efficiency in Sri Lanka

Nov 24, 2014 (LBO) - The Asian Development Bank loans 150 million dollars as a the first tranche for the project of implementation of Green Power Development …

Sri Lanka EPF Share Portfolio’s Unrealized Profits passes Rs14Bn mark

Nov 18, 2014 (LBO) - Sri Lanka's Employee's Provident Fund’s unrealized profits of the share portfolio of investments in equity passed 14 billion rupees …

Sri Lanka Central Bank issues a new series of 10 rupee coins

Nov 18, 2014 (LBO) - Sri Lanka’s Central Bank yesterday issued a new series of 25 coins of 10 rupee denomination in order to recognize and portray unique …

Sri Lanka policy rates unchanged in November 2014::Inflation declined: Central Bank

Nov 18, 2014 (LBO) Sri Lanka unchanged its policy rate corridor at 6. buy elavil online …

Sri Lanka Central Bank issues a series of ten rupee coins

Nov 17, 2014 (LBO) – Sri Lanka’s Central Bank today issued a new series of 25 coins of 10 rupee denomination in order to portray each …

Fitch Rates Sampath Bank’s subordinated debentures ‘A+(lka)(EXP)’

Nov 11, 2014 (LBO)- Fitch Ratings Lanka has assigned Sampath Bank PLC's proposed subordinated debentures of up to seven billion rupees an expected National …

Sri Lanka need not worry about ornamental fish Red List: Ministry

Nov 11, 2014 (LBO) - Sri Lanka who fishes for a bigger bite of the world ornamental fish market, with targets set for one billion bills by 2020, do not need to …

Sri Lanka to change the inflation basket next year : Island’s Stat Dept

Nov 11, 2014 (LBO) - Sri Lanka will see a new inflation basket stating from next year eliminating the Colombo Consumers Price Index (CCPI), a top official at …

Sri Lanka launches floating restaurant at Wetland Park

Nov 11, 2014 (LBO) - Sri Lanka launched a new floating restaurant at the Wetland Park in Nawala, Colombo yesterday, a media report said. online pharmacy buy …

Sri Lanka signs up first tranche of US$100mn to upgrade roads

Nov 07, 2014 (LBO) – The Asian Development Bank (ADB) signed first tranche loan agreement with the Sri Lanka government to lend 800 million dollars to …

Sri Lanka external trade expands in September: Central Bank

Nov 07, 2014 (LBO) – Sri Lanka's exports rose 0.5 percent, to 903 million US dollars in September 2014 from a year earlier with largest contribution from …

Sri Lanka launches shopping festival to attract customer traffic into retail areas

Nov 04, 2014 (LBO) - Sri Lanka launched a Sri Lanka shopping festival or SLASH recently with an aim to increase customer traffic into retail areas multi-fold …

Sri Lanka Central bank says inflation declines considerably in October

Nov 03, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 1.6 per cent in October 2014 compared to …

Sri Lanka makes further progress on financial sector consolidation: Central Bank

Nov 03, 2014 (LBO) – Sri Lanka Central Bank says that further progress was made by banks and finance and leasing companies (NBFIs) on the financial …

Sri Lanka to promote local milk production: Budget 2015

Oct 28, 2014 (LBO)-Sri Lanka to increase the guaranteed price of liquid milk to 60 rupees per liter in order to increase local milk production and popularize …

Sri Lanka to continue relaxing exchange controls: Deputy Governor

Oct 27, 2014 (LBO) - Sri Lanka will continue to liberalize exchange controls to encourage the investments that needed to maintain high economic growth and to …

Sri Lanka’s government urged to have a regulatory friendly environment to facilitate SMS’s growth

Oct 21, 2014 (LBO) – Sri Lanka’s Government urged to create a friendly regulatory framework to drive the growth of the small and medium enterprises …