Central Bank to introduce new law regulating moneylenders
Dec 06, 2019 (LBO) – Sri Lanka's Central Bank with the Ministry of Finance is currently in the process of drafting a new law for licensing, regulation and …
Economy
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Tourism, the Northern Province Game Changer
By Jekhan Aruliah Tourism is the single most game-changing opportunity for the North. Game changing because for those visitors with eyes to see and ears to …
Investor Dr. Mark Mobius in Colombo next week
Dec 03, 2019 (LBO) - Colombo’s upcoming major mixed development, Cinnamon Life announced the visit of the legendary emerging markets investment pioneer, Dr. …
Finance Ministry outlines intention behind Sri Lanka’s new tax regime
Dec 02, 2019 (LBO) – Sri Lanka’s Finance Ministry says that the recent tax reforms constitute a much-needed transformation in the country’s tax system to …
Sri Lanka Y-o-Y inflation down to 4.4-pct in Nov 2019
Dec 02, 2019 (LBO) - The yer‐on‐year inflation as measured by CCPI is 4.4 percent in November 2019 and inflation calculated for October 2019 was 5.4 …
Fiscal stimulus should be structured not to overheat economy: CB Governor
Nov 29, 2019 (LBO) – The government is to make a policy statement as to how the recently introduced fiscal stimulus would be accommodated within a stable …
Recent tax cuts support short term but greater fiscal clarity needed for medium term: CBSL
Nov 29, 2019 (LBO) – Sri Lanka’s Central Bank observes that the recent tax revisions would support lower inflation and higher economic growth in the short …
Policy rates of Sri Lanka’s Central Bank to remain unchanged
Nov 29, 2019 (LBO) – The Monetary Board of the Central Bank of Sri Lanka has decided to maintain its accommodative monetary policy stance. Accordingly, the …
Sri Lanka announces tax reliefs; cuts VAT to 8-pct, removes PAYE, WHT & Capital Gains Tax
Nov 27, 2019 (LBO) – Sri Lanka's new Cabinet of Ministers has given its approval to reduce Value Added Tax (VAT) and various other taxes, Co-Cabinet …
4IR: A challenge or an opportunity for gender equality
Institute of Policy Studies - IPS These technological advances of the hold significant implications on existing gender structures and balances, especially in …
Government puts Enterprise Sri Lanka loan scheme on-hold for review
Nov 26, 2019 (LBO) – Sri Lanka's newly formed government has decided to put Enterprise Sri Lanka along with other concessionary loan schemes launched by the …
Central Bank expresses its strong objection to statement released by Fitch Ratings
Nov 21, 2019 (LBO) – Sri Lanka's Central Bank says that it strongly objects to the statement released by Fitch Ratings today as it depicts the complete …
Sri Lanka election result increases policy uncertainty: Fitch Ratings
Nov 21, 2019 (LBO) – Sri Lanka's presidential election significantly increases policy uncertainty and could prompt loosening that exacerbates fiscal …
Sri Lanka stocks up after GR election victory
Nov 18, 2019 (LBO) - Sri Lanka's All Share Index rose 94 points or 1.56 percent to 6,117 points in the first half of the day of trading following the election …
Sri Lanka Prosperity Index increased in 2018 with improvements in all sub-indices
Nov 15, 2019 (LBO) – Sri Lanka Prosperity Index (SLPI) that measures the level of prosperity of the country increased to 0.783 in 2018 from 0.548 recorded in …
Attorney General advises Central Bank not to make Forensic Audit reports public
Nov 12, 2019 (LBO) – Sri Lanka's Attorney General has opined that the findings of the Forensic Audit reports should be treated as having the potential to be …
Sri Lanka official reserves at USD7.8bn by end October
Nov 08, 2019 (LBO) – Sri Lanka’s gross official reserves were 7.8 billion US dollars (USD7,783.6mn) by the end of October, up from 7.6 billion US dollars …
US Embassy explains next steps for MCC grant
Nov 06, 2019 (LBO) – With presidential elections approaching, the United States anticipates working toward grant signing and parliamentary approval with the …
Sri Lanka economy remains vulnerable to adverse shocks: IMF
Nov 05, 2019 (LBO) – Sri Lanka's economy remains vulnerable to adverse shocks given the high public debt and low reserves, the International Monetary Fund …
Sri Lanka economy to grow 3.5-pct in 2020: Central Bank
Nov 05, 2019 (LBO) - The Sri Lankan economy is projected to grow by around 3.5 percent in real terms in 2020, a new Central Bank report says. "The growth is …