Prima Ceylon eyes more investments as it completes 40 years in Sri Lanka
Feb 28, 2019 (LBO) - Prima Ceylon, the flagship company of the Prima Group Sri Lanka, celebrated four decades of successful partnerships and growing together …
Economy
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Increased exports in Sri Lanka can improve jobs, raise wages: report
Feb 26, 2019 (LBO) – Increasing exports can lead to better jobs and higher wages in Sri Lanka, including more formal jobs for women, a new report launched …
Sri Lanka’s vehicle registrations rebounds in Jan 2019
Feb 26, 2019 (LBO) - Sri Lanka's vehicle registrations in the month of January 2019 on most categories have rebounded after witnessing a steep decline in …
Financial Action Task Force endorses initial progress made by Sri Lanka
Feb 25, 2019 (LBO) – Financial Action Task Force (FATF), the global policy setter on Anti-Money Laundering and Countering the Financing of Terrorism …
Inflation likely to remain in 4 – 6 percent range in 2019: Central Bank projections
Feb 22, 2019 (LBO) – Projections of the Central Bank indicates that inflation is likely to remain in the desired 4 - 6 percent range in 2019 and beyond. …
Central Bank decides to reduce SRR & keep policy rates unchanged
Feb 22, 2019 (LBO) – The Monetary Board of the Central Bank, at its meeting held on 21 February 2019, has decided to reduce the Statutory Reserve Ratio …
Rs.8bn inflows into securities since Jan; rupee appreciated 2.3-pct YTD: FM
Feb 21, 2019 (LBO) – Finance Minister Mangala Samaraweera says that foreign capital is now flowing back into the economy with 8 billion rupees worth inflows …
Five few BOI projects to start in Jaffna
Feb 20, 2019 (LBO) - The Jaffna District is one of the main districts in the Northern Province which the Board of Investment (BOI) has targeted for development …
Sri Lanka to introduce a Master Plan for Northern Province economic development
Feb 20, 2019 (LBO) – Sri Lanka’s government is to launch a framework for economic development in the Northern Province with the co-operation of UN agencies …
Reducing gender gap boosts Sri Lankan economy, says WB VP for South Asia Region
Feb 20, 2019 (LBO) - The World Bank Vice President for South Asia Region, Hartwig Schafer concluding his three-day visit to Sri Lanka said the banks is …
Sri Lanka could grow 20-pct in long-run by closing gender gap: WB Vice President
Feb 20, 2019 (LBO) – Sri Lanka specifically could grow its economy by as much as 20 percent in the long-run by closing the gender gap in the workforce, …
EU opposes death penalty; €2.2bn exports under GSP+ from June 2017 – May 2018
Feb 15, 2019 (LBO) – The European Union (EU) has reiterated its opposition to the use of the death penalty in all circumstances and encouraged Sri Lanka to …
Sri Lanka growth at 3.5-pct in 2019 : Room to be better managed : World Bank
Feb 15, 2019 (LBO) - World Bank Vice President, South Asia Region, Hartwig Schafer says that he finds the island facing a challenging macroeconomic landscape …
Sri Lanka Development Update: Navigating Sri Lanka’s demographic change
Feb 14, 2019 (LBO) – The latest edition of the World Bank’s Sri Lanka Development Update (SLDU) finds the island in a challenging macroeconomic landscape. …
Sri Lanka Trade Min. launches digital platform for small, informal biz
Feb 14, 2019 (LBO) - Sri Lanka has began work on the first national digital data bank for its SMEs and entrepreneurs recently with the backing of a Singaporean …
World Bank Vice President arrives in Sri Lanka to support country’s reform plans
Feb 13, 2019 (LBO) – The World Bank Vice President for the South Asia Region, Hartwig Schafer arrived today on his first visit to Sri Lanka to gain a better …
Sri Lanka unemployment at 4.1-pct in Q3 2018
Feb 13, 2019 (LBO) - The number of unemployed persons is estimated as 346,998 during the third quarter 2018 or 4.1 percent, the Department of Census and …
Sri Lanka’s industrial production up by 1.2-pct in Dec 2018
Feb 13, 2019 (LBO) - The volume of industrial production in Sri Lanka has increased by 1.2 percent in the month of December, 2018 compared to the same period …
Sri Lanka tourist arrivals up 2.2-pct in Jan 2019
Feb 12, 2019 (LBO) - The total number of international tourist arrivals to Sri Lanka during January 2019 was 244,239. In comparison to January 2018, there is …
UK based Flexicare sings up with BOI to manufacture disposable medical devices in Sri Lanka
Feb 08, 2019 (LBO) - Flexicare (Group) Limited, a UK manufacturer has gained BOI approvals to begin laying the foundation for its newest state of the art …