Finance Minister introduces changes to WHT, VAT, Income Tax, Telecom Levy
Nov 01, 2018 (LBO) – Sri Lanka's Prime Minister as the new Finance Minister has given direction to implement a range of initiatives to revive the economy …
Economy
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S R Attygalle assumes duties as new Secretary to Finance Ministry
Oct 31, 2018 (LBO) – Deputy Secretary to Treasury S R Attygalle who has been appointed as the Secretary to Ministry of Finance and Economic Affairs and the …
Central Bank releases publication with highlights of 2018 & prospects for 2019
Oct 30, 2018 (LBO) – Central Bank of Sri Lanka today released its half-yearly publication - “Recent Economic Developments: Highlights of 2018 and Prospects …
Sri Lanka’s political standoff lifts refinancing risk: Fitch Ratings
Oct 30, 2018 (LBO) – Sri Lankan president's sudden replacement of the prime minister on 26 October highlights tensions within the coalition government and …
Sri Lanka export income up in Aug 2018: Reserves at USD 8.6Bn
Oct 30, 2018 (LBO) - The Central Bank of Sri Lanka said the island's external sector performance remained subdued in August 2018. "During the month, the …
Current political crisis in Sri Lanka is credit negative for sovereign: Moody’s
Oct 29, 2018 (LBO) – Moody's says the current political crisis in Sri Lanka is credit negative for the sovereign and the President’s sudden appointment of …
Parliament passes resolution to raise Rs.310Bn under Active Liability Mgmt
Oct 26, 2018 (LBO) – Sri Lanka’s Parliament on Friday passed a resolution to raise up to 310 billion rupees by way of loans, in or outside Sri Lanka under …
EU Ambassador appreciates progress being made to resolve investor issues
Oct 26, 2018 (LBO) – EU Ambassador Tung-Lai Margue participating in the 7th Edition of EU Dialogue that was held last week, has appreciated the encouraging …
Finance Ministry launches dedicated hotline for Enterprise Sri Lanka
Oct 25, 2018 (LBO) – Sri Lanka’s Finance Ministry has introduced a call center and a hotline number 1925 to assist and resolve issues faced by …
Finance Ministry justifies divestiture of Hyatt and Hilton Hotels
Oct 22, 2018 (LBO) – Sri Lanka’s Finance Ministry on Monday justifying the divestiture of Hyatt and Hilton Hotels said the decision was taken by the …
Govt. will support retail sector to make Sri Lanka a regional shopping destination: Fin Min
Oct 19, 2018 (LBO) - Opportunities for the retail sector will continue to expand with Sri Lanka recently crossing the US 4,000 dollar GDP per capita …
Mangala reveals fuel pricing formula
Oct 18, 2018 (LBO) - Sri Lanka's Finance Minister Mangala Smaraweera reveled to media the recently introduced fuel price formula calculation method following …
BOI rejects reports about resignation of its Director General
Oct 18, 2018 (LBO) – Sri Lanka’s Board of Investment on Thursday rejected media reports that its Director General Duminda Ariyasinghe has tendered his …
Sri Lanka secures USD1Bn Foreign Currency Term Financing Facility
Oct 17, 2018 (LBO) – Sri Lanka has secured 1,000 million US dollars from the China Development Bank (CDB) under the Foreign Currency Term Financing Facility …
Sri Lanka plans new import controls for non essential goods
Oct 17, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed the Finance Ministry to study the current imports and submit a report on …
Sri Lanka vehicle registrations down in Sept 2018
Oct 17, 2018 (LBO) - Sri Lanka's motor car registrations dropped to 4,990 units in September 2018 from 7,003 in the previous month following hike in taxes …
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité
Oct 16, 2018 (LBO) – Sri Lanka’s private think tank Verité Research has found out that only 8 percent of promises announced in the 2018 budget are …
Sri Lanka’s growth to recover and remain at 4-pct : World Bank
Oct 16, 2018 (LBO) - Sri Lanka's economic growth is projected to recover from the effects of last year’s weather disruptions, which negatively affected …
SAARC looks to go high tech to boost regional trade : Minister
Oct 15, 2018 (LBO) - Despite low trade within the region, there is potential for using information and communication technologies to contribute to social and …
Central Bank introduces whistleblowing policy & code of conduct for employees
Oct 15, 2018 (LBO) – Sri Lanka’s Central Bank said a whistleblowing policy and a new code of conduct for all employees have been introduced as part of the …