Sri Lanka GDP 2.9-pct for third quarter 2018
Dec 19, 2018 (LBO) - The Department of Census and Statistics (DCS) Sri Lanka said economic growth rate of the country is estimated as 2.9 percent for the third …
Economy
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Ceylon Chamber facilitates efficient document approval process for exporters
Dec 18, 2018 (LBO) - A Memorandum of Understanding was signed between the Ceylon Chamber of Commerce and the Ministry of Foreign Affairs (MoFA) recently, for …
Constitutional violation cannot be rectified by way of an election: New PM
Dec 18, 2018 (LBO) - Taking oaths as Prime Minister of Sri Lanka, Ranil Wickremesinghe made a commitment to establishing normalcy in the country and continuing …
Opinion: After political respite, a quick pivot to Sri Lanka’s development priorities needed
What is Next for Middle-Income Asia and Sri Lanka? By Dr. Ganeshan Wignaraja* Decades of sustained economic growth have left the Asia Pacific with few …
CICT to enhance Colombo Port’s deep water capacity by March 2019
Dec 13, 2018 (LBO) - Colombo International Container Terminals (CICT) has announced a significant equipment addition that will enhance the terminal’s deep …
Expert Committee hands over report on Singapore-Sri Lanka FTA to President
Dec 11, 2018 (LBO) - The report compiled by a Presidential Commission on the Sri Lanka – Singapore Free Trade Agreement (FTA), was handed over to President …
Sri Lanka’s macro economic conditions stable, Fiscal discipline required: CB Gov
Dec 06, 2018 (LBO) - Central Bank Governor Dr. Indrajit Coomaraswamy says that the islands debt situation is manageable and that no major destruction to the …
Sri Lanka’s Central Bank disputes rating agencies’ latest rating decisions
Dec 04, 2018 (LBO) – Sri Lanka's Central Bank says it is of the view that the decisions by Fitch Ratings and Standard and Poor’s (S&P Global Ratings) …
Fitch downgrades Sri Lanka to ‘B’ amidst political crisis; outlook stable
Dec 04, 2018 (LBO) – Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B+', with a …
Sri Lanka BOI ink deal for USD29Mn Braybrooke Residential Towers
Nov 30, 2018 (LBO) - Sri Lanka's state investment agency, the Board of Investment signed an agreement with Braybrooke Residential Towers (Pvt) Ltd to set up an …
Sri Lanka to construct 60MW wind and 150MW solar power plants
Nov 29, 2018 (LBO) - Sri Lanka's cabinet of ministers has approved the procurement process for a policy framework for the construction of solar and wind power …
Sri Lanka Cabinet approves funds for 2019 first quarter
Nov 28, 2018 (LBO) - The Cabinet of Ministers has approved a proposal to present a Vote on Account in order to secure provisions for 2019 first quarter. …
Sri Lanka’s retail industry to be a prominent and important pillar of the economy
Nov 28, 2018 (LBO) - Increasingly the significance of retail as an industry, as a value creator for the economy, as an employer and as a catalyst of growth …
Entrepreneurs in Jaffna? Take a look in Ammachi!
By Jekhan Aruliah Soon after I moved to Jaffna in 2015 I heard rumours of this fantastic food court run by war widows. Friends driving North from Colombo said …
Mahinda reiterates need of general election and calls for public support
Nov 26, 2018 (LBO) - Mahinda Rajapaksa says there is no need to hold a presidential election at this stage but only a general election. In a special …
Sri Lanka NCPI down 0.1-ct in Oct 2018
Nov 23, 2018 (LBO) - The National Consumer Price Index (NCPI) , for the month of October 2018, has declined to 0.1 percent from 0.9 percent in September …
Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) - The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, a …
Sri Lanka assures lenders that debt payments will be met on due dates
Nov 21, 2018 (LBO) – Sri Lanka's government said it wishes to assure all lenders that all dues will be met on the due dates as has been the time-honored …
Sri Lanka’s Central Bank says Moody’s latest rating decision is unfounded
Nov 21, 2018 (LBO) – Sri Lanka's Central Bank on Wednesday said that it is of the view that the decision by Moody's to downgrade Sri Lanka's foreign currency …
Sri Lanka’s political crisis puts IMF loan negotiations on hold
Nov 21, 2018 (LBO) - The International Monetary Fund (IMF) loan facility to Sri Lanka, approved in mid-2016, has been put on hold due to the islands …