Sri Lanka is on the brink of economic anarchy and chaos: Mangala
Nov 20, 2018 (LBO) – Sri Lanka's former Finance Minister Mangala Samaraweera says that Sri Lanka is on the brink of economic anarchy and chaos as never …
Economy
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Moody’s downgrades Sri Lanka ratings to B2 amid political crisis
Nov 20, 2018 (LBO) – Moody's Investors Service has downgraded the Government of Sri Lanka's foreign currency issuer and senior unsecured ratings to B2 from …
Prosperity Index show gains in North Western, Sabaragamuwa, Southern and Western provinces
Nov 19, 2018 (LBO) - Sri Lanka Prosperity Index (SLPI), increased to 0.771 in 2017 from 0.661 recorded in 2016, mainly due to improvements in ‘Economy and …
Norway provides USD 3.5 mn for local empowerment through ILO
Nov 16, 2018 (LBO) – Norway extended to support up to 30 million NOK (3.5 million USD) to expand the ongoing project on “Local Empowerment through Economic …
Mahinda Rajapaksa says fuel price to be further reduced tonight
Nov 15, 2018 (LBO) - In a special statement in Parliament Mahinda Rajapaksa said fuel price will be further revised tonight. "It is only in Sri Lanka the fuel …
Sri Lanka growth expected to recover to 4 – 4.5-pct in 2019: CB Gov
Nov 15, 2018 (LBO) - There are some positive signs with FDI and exports probably going to be record numbers this year and we envisage Sri Lanka's growth to be …
Sri Lanka CB Chief confident of meeting debt repayment targets in 2019
Nov 14, 2018 (LBO) - Political uncertainty will not have an impact on Sri Lanka's debt repayment preparations for 2019, the Central Bank Governor said. …
Sri Lanka official reserves at USD7.9bn by end Oct; YTD rupee depreciation 12.9-pct
Nov 14, 2018 (LBO) – Supported by the receipt of the foreign currency term financing facility of 1 billion US dollars by the government, gross official …
Central Bank reduced Statutory Reserve Ratio & increased policy interest rates
Nov 14, 2018 (LBO) – Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 13 November 2018, has decided to reduce the Statutory Reserve …
SAARC energy regulators meet in a bid to initiate regional power trade
Nov 13, 2018 (LBO) - Sri Lanka hosted the third meeting of South Asian Association for Regional Cooperation (SAARC) council of experts of energy regulators …
Sri Lanka port volumes up
Nov 13, 2018 (LBO) - State owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3 percent in …
Sri Lanka Presidents explains reasons for dissolving parliament
Nov 12, 2018 (LBO) - Sri Lanka's president Maithripala Sirisena said the main reason to dissolve Parliament last Friday night was claims of parliamentarians …
EU warns Sri Lanka constitution crisis could damage reputation and deter investors
Nov 09, 2018 (LBO) - Sri Lanka's prevailing political crisis could further delay and damage the island's international reputation and deter investors, a …
Sri Lanka tea prices mixed in Oct 2018
Nov 09, 2018 (LBO) - Sri Lanka's low growns teas continued to meet with good demand, whilst high and mid grown small leaf teas continued to witness downward …
Finance Minister revives Tax Appeals Commission to expedite dispute resolution
Nov 08, 2018 (LBO) – Sri Lanka's Tax Appeals Commission (TAC) which has been inactive for some time has now been revived with the reappointment of Justice …
Sri Lanka tourist arrivals up only 0.5-pct in Oct 2018
Nov 08, 2018 (LBO) - Sri Lanka's tourist arrivals during October 2018 was 153,123 in comparison to October last year, there is a growth of 0.5 percent when the …
Sri Lanka Central Bank rejects recent news articles on increased money printing
Nov 07, 2018 (LBO) – Sri Lanka’s Central Bank on Wednesday rejected newspaper articles published about the increased money printing by the Central Bank in …
Central Bank releases step by step guide to doing business in Sri Lanka
Nov 07, 2018 (LBO) – The Eighth edition of “A Step by Step Guide to Doing Business in Sri Lanka” has been published by the Central Bank. The guide has …
Mangala says Singapore Platts price of refined petrol down 12-pct since Oct 10
Nov 05, 2018 (LBO) – Mangala Samaraweera says that the Rajapaksa administration is attempting to revert to the opaque, politicized regime of fuel pricing …
Sri Lanka moves up 11 notches in Ease of Doing Business Index 2019
Nov 02, 2018 (LBO) – Sri Lanka rose 11 notches in the Ease of Doing Business index 2019 being ranked 100 among 190 economies, the World Bank said. Sri Lanka …