Fitch says borrowing risks raised due to attacks
Apr 25, 2019 (LBO) - Fitch Ratings issuing a statement said that the aftermath of the Easter Sunday attacks will undermine tourism earnings and pose …
Economy
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SL Fin Min says economy resilient will withstand negative impacts from terror attacks
Apr 25, 2019 (LBO) - Sri Lanka's Finance Minister says that the islands strong economic fundamentals will be able to support resilience to withstand the …
Mangala PB Yapa appointed new Chairman of Board of Investments
Apr 11, 2019 (LBO) – Mangala PB Yapa has been appointed as the new Chairman of the Board of Investment of Sri Lanka, President's Media Division said in a …
Central Bank launches roadmap for sustainable finance in Sri Lanka
Apr 11, 2019 (LBO) – Central Bank of Sri Lanka launched a Roadmap for Sustainable Finance in Sri Lanka on 10 April 2019 at the Sustainable Banking Network …
CB introduces real time notifications for transactions in Govt securities via SMS, Email
Apr 08, 2019 (LBO) – Sri Lanka's Central Bank which operates and maintains the LankaSecure system has introduced an SMS, Email alert service from 25th March …
Policy rates could be reduced in future if current trends continue: Central Bank
Apr 08, 2019 (LBO) – Monetary Board of the Central Bank today said that they are of the view that, if the current trends in global financial markets, trade …
Sri Lanka Central Bank maintains policy interest rates at current levels
Apr 08, 2019 (LBO) – Monetary Board of Sri Lanka's Central Bank at its meeting held today decided to maintain policy interest rates at their current levels. …
Sri Lanka official reserves improve to USD 7.6 billion by end March
Apr 05, 2019 (LBO) – Sri Lanka’s gross official reserves were 7,621.9 million US dollars by the end of March, up from 6,035.16 million US dollars in …
CEB Eng Union points fingers at PUCSL and Snr. Govt officials for power crisis
Apr 04, 2019 (LBO) - The power crisis in the country is mainly due to the timely non approval of the `Least Cost Long-Term Generation Expansion Plan’ …
CEB to appear in Court regarding un-scheduled power cuts
Apr 03, 2019 (LBO) - The Colombo Fort Magistrate Tuesday noticed the Ceylon Electricity Board (CEB) to be present in courts on April 9 over its failure to …
Opinion: SL Planters Assosiation on allegations of labour abuse
The Planters’ Association of Ceylon (PA) wishes to draw the general public’s attention to serious factual misrepresentations and inaccuracies initially …
Rs.79,000 million loans disbursed under Enterprise SL Program
Apr 01, 2019 (LBO) - Sri Lanka's Finance Ministry said it had disbursed 79 billion rupees to 46,673 persons under the Enterprise Sri Lanka loan scheme so …
Kottawa-Makumbura multimodal transport center opens 31st March
Mar 29, 2019 (LBO) - The Kottawa-Makumbura multimodal transport center, the first of its kind in Sri Lanka providing seamless access for passengers …
How will Brexit impact UK-SL trade: RIU report
Mar 29. 2019 (LBO) - The United Kingdom is one of the major trading partners of Sri Lanka, amounting to over 10 percent of the total annual trade. The trade …
Empowering women with financial independence by closing the investment gap
Mar 29, 2019 (LBO) - As Sri Lankan women join the workforce – particularly in the corporate sector - at a higher rate than ever before, a new opportunity to …
“Apartment sales slowing due to relatively lesser cash flows for these investments” HNB CEO
Mar 27, 2019 (LBO) - Successful real estate sector outcomes will be dependent upon sound strategy that puts into place foreign investment for new projects, a …
OBG Sri Lanka report:Looks at steps being taken to encourage innovation and boost export earnings to USD20Bn in 2019
Mar 27, 2019 (LBO) - A new report from research and consultancy firm Oxford Business Group (OBG) shines a spotlight on Sri Lanka’s wide-ranging plan to …
China’s Chengdu delegation meets BOI Chairman, Eyes steel plant in Hambantota
mar 26, 2019 (LBO) - A delegation from Chengdu Association for Foreign Trade and Cooperation (CAFTEC) Chengdu, China visited the Board Of Investment and …
USD3.85Bn oil refinery, cement plant projects launched in Sri Lanka’s Hambantota
Mar 25, 2019 (LBO) - Inaugurating the construction work of the US 3.85 billion dollar oil refinery project and the cement manufacturing plant in …
Concessional loan of USD 989Mn from China’s EXIM Bank for Central Expressway
Mar 22, 2019 (LBO) - The Export- Import Bank of China (EXIM Bank) has agreed to provide a concessional loan amounting to US 989 million dollars covering 85 …