W D Lakshman appointed new Governor of Sri Lanka’s Central Bank
Dec 24, 2019 (LBO) – Professor W D Lakshman has been appointed as the new Governor of Central Bank of Sri Lanka. An official at the Central Bank told LBO …
Economy
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Sri Lanka nationwide inflation decreased in November
Dec 24, 2019 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index decreased to 4.1 percent in …
CA Sri Lanka, CMA & SAFA launches Digital Competency Maturity Model for SMPs
Dec 23, 2019 (LBO) – With digitization expected to have profound implications on Small and Medium-Sized Practices (SMPs), the South Asian Federation of …
Sri Lankan authorities dispute revision of outlook to Negative by Fitch Ratings
Dec 19, 2019 (LBO) – Sri Lankan authorities stress that the recent rating action by Fitch Ratings to revise the country’s Outlook to ‘Negative’ has …
Sri Lanka records 2.7-pct growth in third quarter of 2019
Dec 19, 2019 (LBO) – Sri Lanka's national accounts estimates of the third quarter still reflect the impact of ‘Easter Sunday Attack’ especially in some …
Cabinet appoints 4-member committee to study MCC compact
Dec 19, 2019 (LBO) – Sri Lanka’s cabinet has decided to appoint an expert committee to study and look into the issues of the MCC compact and report back to …
Sep quarter earnings declined by 9.6-pct for 264 companies: FC Research
Dec 19, 2019 (LBO) – Sri Lanka's First Capital Research says that quarterly earnings have been dipped for listed companies amidst weaker consumer spending …
Fitch revises Outlook on Sri Lanka to Negative; affirms at ‘B’
Dec 19, 2019 (LBO) – Fitch Ratings has revised the Outlook on Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and …
Sri Lanka’s Multi Purpose Development Task Force to be launched on January 15
Dec 18, 2019 (LBO) – Sri Lanka's government is to launch the programme of generating 100,000 employment opportunities for poor families, on January 15, 2020. …
Opinion: Gender dimension of remittances to Sri Lanka: Who remits more?
Bilesha Weeraratne Remittances are often considered a stable and a reliable source of development financing. In 2018, remittances to Sri Lanka totaled to USD …
World Bank approves USD25mn loan to strengthen public sector efficiency in Sri Lanka
Dec 18, 2019 (LBO) – The World Bank on Tuesday approved a 25 million dollar loan to Sri Lanka to improve the transparency and efficiency of core government …
Sri Lanka economy boosted after election by local investor activity: ICRA
Dec17, 2019 (LBO) - Sri Lanka's overview activities in the economy improved post presidential election driven by positive sentiments from the local investors, …
National policy framework of Government released via Treasury web site
Dec 16, 2019 (LBO) - The Government's new National policy framework Vistas of Prosperity and Splendour has been released to the internet via Treasury …
Treasury approves bonus payments for employees of statutory bodies
Dec 12, 2019 (LBO) – Sri Lanka's Treasury has approved the payment of bonuses for 2019 for the employees of state-owned statutory bodies and fully …
Sri Lanka should list SoE and increase transparency
Dec 11, 2019 (LBO) - A top emerging markets investor said the Government should look at listing state enterprises to attract capital. He said that it will …
Fiscal stimulus will boost demand in short-run but create instability in long-run: ICRA
Dec 11, 2019 (LBO) - The Government of Sri Lanka (GoSL) reduced variety of taxes substantially in an attempt to revive the economy, which could possibly cost …
Sri Lanka tax cuts to shave off Rs560bn govt. revenue in 2020: Asia Securities
Dec 10, 2019 (LBO) – Sri Lanka’s recently announced tax cuts will likely shave off 560 billion rupees from government income in 2020, launching its equity …
Sri Lanka aims at 6.5-pct GDP growth from 2020
Dec 09, 2019 (LBO) - Sri Lanka’s economic activity will pick up following a series of tax cuts and the expansion of economic activity will boost Gross …
Sri Lanka official reserves down to USD7.5bn by end November
Dec 06, 2019 (LBO) – Sri Lanka’s gross official reserves were 7.5 billion US dollars (USD7,520.9mn) by the end of November, down from 7.8 billion US …
Dushni Weerakoon highlights critical role tax policies can play to spur economic growth
Dec 06, 2019 (LBO) – Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon this week highlighted the critical role …