Economy

Sri Lanka to establish a human heart valve bank

September 19, 2014 (LBO) – Sri Lanka cabinet has given approval to establish a Human Heart Valve bank at a cost of 30 million rupees to provide cardiac …

What Sri Lanka Should Know about China’s New Economic Dynamism

September 18, 2014 (LBO) – Sri Lanka and China in talks to finalise a free-trade agreement which would bring substantial economic and trade benefits to …

Sri Lanka President reduces fuel and electricity prices

Sep 17, 2014 (LBO)-The Government of Sri Lanka reduced the prices of fuel and electricity tariff with effect from midnight yesterday, a media report said. …

Sri Lanka GDP grows 7.8-pct in 2014 second quarter: Census Dept

Sep 16, 2014 (LBO) - Sri Lanka's gross domestic product was up 7. online pharmacy buy ciprodex with best prices today in the USA 8 percent in the second …

LOLC Group acquires 60 pct stake in Cambodian Microfinance Company for USD 20.3 Mn

Sep 16, 2014 (LBO) –Sri Lanka’s Lanka Orix Leasing Company acquired a 60 percent stake in Thaneakea Phum Cambodia (TPC) a microfinance company in …

Sri Lanka EPF Share Portfolio’s Unrealized Profits passes Rs10Bn mark

Sep 13, 2014 (LBO) - Sri Lanka's Employee's Provident Fund’s unrealized profits of the share portfolio passed 10 billion rupees on September this year, …

Sri Lanka Orient Garments to raise 824 million rupees

Sept 10, 2014 (LBO) - Sri Lanka's Orient Garments Ltd, a listed apparel exporter is to raise 824 million rupees through a right issue of 54. online pharmacy …

Sri Lanka and Japan enters in to a new partnership

September 09, 2014 (LBO) – Sri Lanka and Japan enters into a new partnership to enhance the cooperation in the maritime field recognizing Sri …

Sri Lanka’s inflation at 4.5-pct in August 2014: Central Bank

August 30, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 4.5 per cent in August 2014 compared to …

Sri Lanka and Seychelles is set to promote investments

August 29, 2014 (LBO) – Sri Lanka signed a Memorandum of Understanding with Seychelles in order to promote investment and business opportunities among …

Sri Lanka inflation decreased to 3.5-pct in August 2014

August 29, 2014 (LBO) - Sri Lanka's consumer prices dropped 3.5 percent in the 12 months to August 2014, with inflation compared to 3. online pharmacy buy …

Sri Lanka invites Japan SME’s to set up businesses in the island

Aug 27, 2014 (LBO) – Sri Lanka invites japan small and medium entrepreneurs to set up manufacturing facilities in the island to explore Indian and …

Lower external funding needs buffer, EM Asia heading into US tightening : by Fitch

A year after the taper tantrum, emerging Asian sovereigns with the biggest external funding needs are generally reducing their degree of external …

Sri Lanka FDI flows reach $817mn in the first half 2014

August 21,2014 (LBO) - Foreign direct investment flows to Sri Lanka in the first half of 2014 reached 817 million US dollars up 51 percent and the full year …

Sri Lanka facilitates infrastructure to attract investors into rural

Aug 20, 2014 (LBO) – Sri Lanka to open up five factories in every district in the county and to widen the facilities for investors who goes into the …

Sri Lanka policy rates to be steady: Central Bank

Aug 15, 2014 (LBO) Sri Lanka unchanged a policy rate corridor at 6.5 to 8.0 percent in order to remain broadly on target in 2014 with low inflation the Central …

Sri Lanka needs to think beyond USD 4000 per capita income: Chamber Official

August 14, 2014 (LBO) - Sri Lanka’s private sector should foresee the needs of the future customer and armed themselves to cater to the demand of the …

Sri Lanka slams US over travel warning

COLOMBO, August 12, 2014 (AFP) - Sri Lanka accused the United States Monday of creating a "false and alarmist view" after Washington warned of possible …

Sri Lanka to pave A5 road with an investment of $140 mn

(08, Aug, 2014 LBO)- Sri Lanka will rebuild 151.3 kilometers of road from Badulla to Chenkaladi with an estimated cost of 140 million US dollars, a statement …

Sri Lanka debt profile improves mid-year: Central Bank

Aug 08, 2014 (LBO) - Sri Lanka's state debt statistics has improved by mid 2014 with public debt to gross domestic product falling to 7.4.3 percent, and …