Sri Lanka’s NBFIs pressured by weak economic growth and vehicle sales
Mar 21, 2019 (LBO) - Fitch Ratings expects Sri Lankan non-banking financial institutions (NBFI) to continue to face pressure on asset quality and profitability …
Economy
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Sri Lanka GDP grows 3.2-pct in 2018
Mar 21, 2019 (LBO) - The Department of Census and Statistics (DCS) releasing the estimated Gross Domestic Product (GDP) data said the islands economic growth …
EU-Sri Lanka investor dialogue discusses liberalization of shipping sector
Mar 18, 2019 (LBO) - The 8th EU-Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade and many outstanding …
Sri Lanka vehicle registrations slowed in Feb. 2019 on slowing demand
Mar 18, 2019 (LBO) - Sri Lanka recorded total car registrations at 2,347 units in the month of February 2019 significantly down from 3,147 units the previous …
Fitch Assigns Sri Lanka’s USD Bonds Final ‘B’ Rating
Mar 14, 2019 (LBO) - Fitch Ratings has assigned a final rating of 'B' to the following bonds issued by Sri Lanka on 7 March 2019: USD1 billion 6.85% bond …
Sri Lanka’s new tourism advisory committee gets down to work
Mar 14, 2019 (LBO) - With an eye on achieving the targeted 3 million tourist arrivals this year, a newly constituted Tourism Advisory Committee has been …
Sri Lanka reserves at USD 6.9Bn at end 2018: Trade deficit declined
Mar 14, 2019 (LBO) - The trade deficit declined significantly in December 2018 (year-on-year) with a notable deceleration in import expenditure, data shows. …
UK’s Flexicare launches USD 10Mn health care manufacturing facility in SL
Mar 13, 2019 (LBO) - Flexicare Lanka (Pvt) Ltd., a fully owned subsidiary of Flexicare Group, UK launched the construction of a state-of-the art modern …
Fuel prices increased; Petrol hiked to Rs.132
Mar 13, 2019 (LBO) - Sri Lanka Government increased the price of petrol (92 Octane) by 3 rupees to 132 rupees a litre and auto diesel by 1 rupee to 104 rupees …
France’s Michelin eyes Sri Lanka for new operations
Mar 13, 2019 (LBO) - A delegation from Michelin, the French tire manufacturing giant met with the Board of Investment Chairman Hemasiri Fernando and Champika …
SL fiscal consolidation plans challenging without policy effectiveness and faster growth
Mar 12, 2019 (LBO) - Achieving Sri Lanka's deficit and debt targets will be challenging without a significant increase in fiscal policy effectiveness and …
JICA signs LKR 48Bn concessionary loan to establish Malabe-Fort LRT
Mar 11, 2019 (LBO) - A concessionary loan agreement for JPY 30,040 million (approx. 48 billion rupees) was signed between the Government of Sri Lanka …
Interview : Present and future trends in real-estate and condo market in Sri Lanka
Mar 11, 2019 (LBO) – The Blue Ocean Group of Companies has grown into a versatile conglomerate over the past few years. The group of companies engage in …
Sri Lanka official reserves at USD 6.0 billion by end February
Mar 08, 2019 (LBO) – Sri Lanka’s gross official reserves were 6,005. buy valtrex online …
Fitch assigns Sri Lanka’s upcoming USD bonds an expected rating of B (EXP)
Mar 07, 2019 (LBO) – Fitch Ratings has assigned Sri Lanka's upcoming US dollar-denominated bonds an expected rating of 'B (EXP)'. The rating agency said the …
Realistic budget but concern on growth & implementation: Ceylon Chamber
Mar 07, 2019 (LBO) – The Ceylon Chamber of Commerce says that the GDP growth estimates provided in the budget speech, for the period from 2019-2024 are of …
Sri Lanka Budget 2019: Overview of key taxation proposals
Mar 06, 2019 (LBO) – Sri Lanka’s budget 2019 estimates total revenue and grants of 2,464 billion rupees against a total estimated expenditure of 3,149 …
Budget 2019 will empower people and nurture poor: Fin Min
Mar 05, 2019 (LBO) - Sri Lanka's Budget – 2019 will focuses on Enterprise Sri Lanka empowering the people and nurturing the poor, the Finance Ministry said. …
Addressing the White Elephant in Lankan economic development in tourism
In the past, Sri Lanka has focused on increasing the number of tourists coming into the country and showcase the increase in tourism without much concentration …
IMF reaches understanding at staff level to extend EFF for an additional year
Mar 01, 2019 (LBO) – A staff team from the International Monetary Fund (IMF) has reached an understanding at the staff level with the Sri Lankan authorities …