Sri Lanka introduces national standard for mobile QR code payments
Oct 12, 2018 (LBO) – Sri Lanka’s Central Bank has introduced a National Quick Response (QR) Code Standard for local currency payments with the aim of …
Economy
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Central Bank says Cabraal’s comments on rupee depreciation misleading
Oct 12, 2018 (LBO) – Central Bank says the allegations made by former Governor Nivard Cabraal in a recent newspaper article that the Central Bank has …
Sri Lanka revises fuel prices: Diesel not increased
Oct 10, 2018 (LBO) - Sri Lanka's government increased the prices of petrol and super diesel with effect from midnight Wednesday. Issuing a statement the …
Price controls dominate political debate but may not help consumers: Report
Oct 10, 2018 (LBO) - A new report by The Advocata Institute, titled “Price Controls in Sri Lanka: Political Theatre” finds that consumer price controls …
Sri Lanka FM interview ahead of IMF and WB annual meet on global trade, economy
Oct 10, 2018 (LBO) - Global finance and reserve bank chiefs will gather this week in Bali, Indonesia for the annual gathering of the International Monetary …
Sri Lanka earnings from tourism up: Workers’ remittances decline marginally in July 2018
Oct 09, 2018 (LBO) - Sri Lanka’s external sector recorded a moderate performance in July 2018. The trade deficit continued to widen in July 2018 …
Sri Lanka to integrate SMEs into formal sector to facilitate their growth : Fin Min
Oct 09, 2018 (LBO) - Sri Lanka's Minister of Finance said the government aims to integrate small and medium scale enterprises into an official sector and …
Palm Oil industry rejects vilification of crop as “baseless and unscientific”
Oct 08, 2018 (LBO) - The vilification of oil palm in Sri Lanka on the grounds of the crop’s purported adverse impact on the environment is completely …
Sri Lanka has potential to more than double it’s exports to South Asia Region: WB
Oct 08, 2018 (LBO) - If trade barriers are overcome, trade within South Asia can increase three-fold, from 23 billion US dollars to 67 billion US dollars, …
Net foreign outflows from Sri Lanka’s stock/bond markets approach $ 500mn for 2018
October 8, 2018 (LBO) - Net foreign selling of Sri Lanka's stocks and bonds is nearing US$500 million dollars for 2018. The outflows have been a significant …
Sri Lanka targets USD2.5Bn FDI in 2018
Oct 05, 2018 (LBO) - Sri Lanka is targeting 2.5 billion US dollars worth of foreign direct investments (FDI) for 2018 from 1.63 billion US dollars in 2017, a …
President, NEC hold discussions on devaluation of rupee and economy
Oct 05, 2018 (LBO) - Special attention was drawn at a discussion regarding the promotion of Sri Lanka’s export sector and managing the devaluation of the …
Sri Lanka tea prices marginally up in Sept 2018
Oct 04, 2018 (LBO) - Auction average for the month of September 2018 totalled Rs.537.77 compared to Rs.534.02 of August 2018 showing a marginal increase of …
New import rules hurt Sri Lanka’s consumer durable retailers
Oct 03, 2018 (LBO) - Sri Lanka's consumer durable retailers' operating cash flow is likely to weaken following new government regulations that impose a 100 …
Govt. expenditure for 2019 Rs.4,376Bn : Budget deficit 4.1-pct
Oct 02, 2018 (LBO) - As per the Appropriation Bill, which was presented to the Cabinet recently by Finance and Media Minister, Mangala Samaraweera, next …
Sri Lanka reserves at USD7.3bn; used only USD184mn YTD to defend rupee
Oct 02, 2018 (LBO) – Sri Lanka’s Central Bank says the country currently has 7.3 billion US dollars worth foreign reserves and expects to close this year …
Sri Lankan rupee depreciates 9.7-pct YTD; CB says observed stabilizing exchange rate
Oct 02, 2018 (LBO) – Recent measures are expected to ease the excessive demand for foreign currency and therefore the pressure in the domestic foreign …
Central Bank of Sri Lanka maintains policy interest rates at current levels
Oct 02, 2018 (LBO) – Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 01 October 2018, has decided to maintain policy interest rates …
Sri Lanka restricts vehicle imports for MPs, Ministries, state sector employees & others
Sept 29, 2018 (LBO) – Sri Lanka’s government in order to ease the pressure on the Sri Lankan rupee has decided to take the following measures temporarily …
Opinion: Central Bank intervention likely to exacerbate foreign selling of Sri Lanka bonds
September 29, 2018 (LBO) - The main subject of discussion on the Colombo cocktail circuit has been the Sri Lanka Rupee (LKR) and its significant recent …