Sri Lanka Govt., IMF talks to start
Jan 14, 2019 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera led delegation arrived in Washington, Sunday for talks with the International Monetary …
Economy
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Sri Lanka GDP growth up 4.1-pct, Global slows to 2.9-pct : World Bank
Jan 10, 2019 (LBO) - Sri Lanka Gross Domestic Product growth is anticipated to speed up slightly to 4 percent in 2019, supported by robust domestic demand and …
FM to meet IMF Managing Director in Washington on IMF Fund Facility
Jan 09, 2019 (LBO) – Minister Mangala Samaraweera will leave for Washington on Friday, to get the IMF External Fund Facility (EFF) back on track, …
Reserve Bank of India agrees to provide USD400mn SWAP to Central Bank
Jan 09, 2019 (LBO) – Reserve Bank of India (RBI) has agreed to provide 400 million US dollars to the Central Bank of Sri Lanka under its SAARC SWAP facility …
Recent rupee depreciation aligned with capital outflows not current account
Jan 08, 2019 (LBO) – Sri Lanka’s Central Bank Governor says that the rupee depreciation is no longer aligned with fundamentals in terms of current account …
Sri Lanka’s Biz Chamber to host 2019 Outlook Seminar
Jan 07, 2019 (LBO) - The Ceylon Chamber of Commerce will organize its annual outlook seminar for 2019 under the theme of ‘Building Resilience Amidst …
Sri Lanka Budget 2019: Targets public revenue to increase 17-pct, Debt to GDP down to 70-pct
Jan 07, 2019 (LBO) - Sri Lanka's Finance Ministry says Budget 2019 will increase public revenue to 17 percent of Gross Domestic Product (GDP) while capital …
Financial sector regulators sign MoU for consolidated risk-based supervision
Jan 04, 2019 (LBO) - The Central Bank of Sri Lanka (CBSL) entered into a Memorandum of Understanding (MoU) with the Securities and Exchange Commission of Sri …
Perpetual Treasuries suspension of business activities extended by 6 months
Jan 04, 2019 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the …
LRT project to kick start in 2019 : Cabinet nod for Japanese aid of USD1850Mn
Jan 04, 2019 (LBO) - Sri Lanka's Finance Ministry says that cabinet approval has been received to go ahead with US 1850 million dollar loan agreement with …
I think we are understating Sri Lanka’s GDP under new methodology: CB Governor
Jan 02, 2019 (LBO) – Sri Lanka’s Central Bank Governor on Wednesday pointed out that the authorities need to look at carefully whether they are recording …
Sri Lanka to cut threshold for foreign investment in rupee denominated securities
Jan 02, 2019 (LBO) – Central Bank intends to reduce the threshold for foreign investment in rupee denominated Government securities from 10 percent of the …
Sri Lanka to complete IMF programme in 2019; reserves at USD6.9bn
Jan 02, 2019 (LBO) – Sri Lanka’s Central Bank Governor remained optimistic that the staff level agreement reached in principle with the IMF on the fifth …
Sri Lanka and Nepal to strengthen economic cooperation
Jan 02, 2018 (LBO) - The Embassy of Sri Lanka in Nepal, together with the Nepal- Sri Lanka Chamber of Commerce and Industry organized a programme on …
Sri Lanka inflation 2.8-pct in Dec 2018
Jan 01, 2019 (LBO) - Sri Lanka's Colombo Consumer Price Index was down to 2.8 percent in December 2018 from 3.3 percent in November 2018, data shows. "The …
First Capital increases equity exposure as global funds reversing towards Asia
Dec 28, 2018 (LBO) – First Capital Research has upgraded its equity exposure to 60 percent with the belief that the events that have unfolded globally may …
Harsha assumes duties as Minister of Economic Reform
Dec 26, 2018 (LBO) - Sri Lanka’s former deputy Minister of National Policies and Economic Affairs assumed duties as Minister of Economic Reform and Public …
Benefits of global oil price reduction should be passed on to people: Fin Min
Dec 26, 2018 (LBO) - As a result of the price formula introduced by the Government, the price of petrol and diesel has been reduced by Rs. buy valtrex online …
Sri Lanka vehicle registration down in Nov 2018
Dec 26, 2018 (LBO) - Vehicle registration momentum across most categories came down in the month of November relative to October 2018, a new report said. Data …
BOI inks deals in tourism and pharmaceutical sectors
Dec 21, 2018 (LBO) - The Board of Investment signed Agreements for projects in the field of hotels and the manufacture of pharmaceuticals. The Agreements were …