Opinion: Why the sale of single stick cigarettes must be banned
Dilani Hirimuthugodage, IPS This month, the National Authority on Tobacco and Alcohol (NATA) announced the drafting of legislation to ban the sale of single …
Economy
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‘SriLanka @100’ launched to boost economic prosperity through mid-market firms growth
Sep 24, 2020 (LBO) - Sri Lanka@100, a private sector-led initiative was launched in Colombo on Thursday with the emphasis to enable the island to become a …
Central Bank releses ‘Sri Lanka Socio Economic Data – 2020’
“Sri Lanka Socio Economic Data – 2020”, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The …
Government requests suppliers to register with e-GP procurement system promptly
Sep 18, 2020 (LBO) – Sri Lanka's Government is inviting the supplier community to register with Electronic Government Procurement System (e-GP System) who …
SL ranks 83 on Economic Freedom of World index
Sep 17, 2020 (LBO) - Sri Lanka ranks 83 out of 162 countries and territories included in the Economic Freedom of the World: 2020 Annual Report, released …
Australia announces business partnership opportunities in Sri Lanka for COVID-19 recovery
Sep 15, 2020 (LBO) – The Australian High Commission in Colombo announced a call for proposals on 14 September 2020, to support COVID-19 economic recovery in …
GDP growth to record steepest contraction at -5.8-pct for 2020E; W-shape recovery ahead: FCR
Sep 15, 2020 (LBO) – First Capital Research (FCR) expects the GDP growth to record the steepest contraction at -5.8% for 2020 while the growth may continue …
Developing Asia’s economies to recover next year: ADB
Sep 15, 2020 (LBO) - Economies across developing Asia will contract this year for the first time in nearly six decades but recovery will resume next …
Sri Lanka’s exports drop slightly in August 2020
Sep 12, 2020 (LBO) – Sri Lanka’s exports during the month of August 2020 recorded a downfall of 8.3% to US$ 947.7 Mn as compared to the value of US$ …
Mastercard launches Central Bank Digital Currencies Testing Platform
Sep 11, 2020 (LBO) – Mastercard has announced a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDCs) …
No discussion yet to amend unfavorable conditions of MCC compact, says Cabraal
Sep 10, 2020 (LBO) – State Minister of Money and Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal says that the government has not yet …
Council for Business with Britain to strengthen the UK-SL trade corridor
Sep 04, 2020 (LBO) - The newly elected President of the Council for Business with Britain says efforts will primarily be focused on enhancing business and …
EDB and Foreign Ministry accelerate efforts to boost exports
Aug 28, 2020 (LBO) - The Export Development Board (EDB) and the Foreign Ministry are working closely together to increase the country’s export revenue and …
Cabinet approval granted to revise Inland Revenue Act & Value Added Tax Act
Aug 27, 2020 (LBO) – Sri Lanka's Cabinet of Ministers has approved a proposal submitted to seek approval for directing the Legal Draftsman for the …
BOI discusses strategies with British High Commissioner to attract more FDI
Aug 26, 2020 (LBO) – Board of Investment of Sri Lanka (BOI) has engaged with the British High Commissioner to discuss strategies to attract more Foreign …
Central Bank extends deadline of application for Working Capital Loan Scheme
Aug 21, 2020 (LBO) – The Monetary Board of the Central Bank has decided to extend the deadline of 4% Working Capital Loan Scheme. Accordingly, COVID-19 …
Central Bank sets up Financial Consumer Relations Dept to handle all external complaints
Aug 21, 2020 (LBO) – The Central Bank of Sri Lanka (CBSL) has established a new department named “Financial Consumer Relations Department” (FCRD) to …
Colombo Stock Brokers Association commends appointment of a special minister
Aug 21, 2020 (LBO) – The Colombo Stock Brokers Association (CSBA) extends its congratulations and best wishes to the new government and newly-appointed State …
Enhanced focus on import substitution will have significant implications on a longer horizon: CBSL
Aug 20, 2020 (LBO) – The Monetary Board of the Central Bank believes that the enhanced focus on domestic production for import substitution as well as to …
CEAT to develop local industry: Save Rs.11Bn in foreign exchange via import substitution
Aug 18, 2020 (LBO) - CEAT Kelani Holdings has announced that in response to the Government's policies to develop domestic industry, it has stepped up capacity …