IMF staff mission concludes visit to Sri Lanka; stresses on reforms
Sept 28, 2018 (LBO) – Authorities should accelerate reforms to strengthen the Sri Lankan economy’s resilience to domestic and external shocks, given still …
Economy
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ADB provides USD300Mn for elevated highway
Sept 28, 2018 (LBO) - The Asian Development Bank’s (ADB) has approved a US 300 million dollar loan to help in the construction of about 5.3 kilometers (km) …
Sri Lanka launches first social impact funds to support social entrepreneurs
Sept 27, 2018 (LBO) – Two Memoranda of Understanding were signed today in New York, launching Sri Lanka’s first social impact funds aimed at supporting …
Collapse of rupee and yahapalana govt.’s economic mismanagement: MR
Sept 26, 2018 (LBO) - The Rupee has depreciated steadily against the US Dollar ever since the yahapalana government came into power - a trend which has now …
Appropriation Bill to parliament second week of October
Sept 25, 2018 (LBO) - Sri Lanka's cabinet has approved the Appropriation Bill proposed by Finance Minister Mangala Samaraweera, to be presented in Parliament …
“Sri Lanka Socio-Economic Data – 2018”, now available
Sept 24, 2018 (LBO) - “Sri Lanka Socio-Economic Data – 2018”, the annually published data folder of the Central Bank of Sri Lanka, is now available for …
Sri Lanka’s rupee hits record lows as Central Bank hold rates
Sept 21, 2018 (LBO) - Sri Lanka’s rupee hit an all time low of 168.65/169.00 to the US dollar at the close of day Thursday down from 167.10 the day before …
World Bank says action needed to prevent impacts from climate change in Sri Lanka
Sept 20, 2018 (LBO) - Rising temperatures and changing rainfall patterns pose a threat to Sri Lanka and could reduce GDP and living standards, a new World Bank …
India gives Rs.300Mn grant to build cold storage for Sri Lanka’s fruits and vegetables
Sept 20, 2018 (LBO) - A Memorendem of Understanding has been signed between the Ministry of National Policies and Economic Affairs and the Government of India, …
Cabinet nod for 500MW LNG plant in Kerawalapitiya
Sept 20, 2018 (LBO) - - The Ceylon Electricity Board has been given cabinet approval to sign an agreement with India's NTC to build and 500 Meggawatt …
Margin deposit requirement against LCs opened with commercial banks for vehicles
Sept 20, 2018 (LBO) - The Monetary Board of the Central Bank of Sri Lanka imposed a 100 per cent margin deposit requirement against Letters of Credit opened …
Colombo City Centre Mall to opens doors today
Sept 19, 2018 (LBO) - Sri Lanka's Colombo City Centre mall by Abans and NextStory Group will open to the public at 4.30 pm today. Conveniently situated by the …
Sri Lanka records GDP growth of 3.7-pct
Sept 19, 2018 (LBO) - Sri Lanka has recorded a growth of 3.7 percent in Gross Domestic Product in the second quarter of 2018. Growth in the first quarter was …
USD 50Mn from ADB to support Enterprise Sri Lanka’s rooftop solar power project
Sept 19, 2018 (LBO) - The Enterprise Sri Lanka projects which was launched by the Ministry of Finance has received Rs 8 billion ( USD 50 Million) from the …
Iconic developers to invest USD50Mn in Sri Lanka’s real-estate
Sept 18. 2018 (LBO) - Singapore based property developer, Iconic said they are planning to invest US 50 million dollars in Sri Lanka's luxury/semi luxury and …
Sri Lanka rupee falls to new record low: ASPI down by 1.0-pct
Sept 18, 2018 (LBO) - Sri Lanka's rupee hit an all time low of 166. online pharmacy buy zofran with best prices today in the USA buy amoxicillin online …
Sri Lanka tops South Asia in human development index 2017
Sept 18, 2018 (LBO) - Sri Lanka has been classified under the “High Human Development” category, with a Human Development Index value of 0.770 , and ranked …
Sri Lanka Govt. cuts VAT on imported fabric by 5-pct
Sept 18, 2018 (LBO) - Sri Lanka's Finance Ministry issuing a gazette amended the Value Added Tax (VAT) act further to reduce the VAT on imported fabric to 5 …
Lankapak 2018 concludes with Rs.10Mn initiatives launched to boost SME packaging
Sept 17, 2018 (LBO) - Sri Lanka's Lankapak 2018 concluded over the week-end with strong Indian participation and 10 million rupees initiatives launched to …
Unilever and UNDP handover PPP policy paper to President’s secretary
Sept 17, 2018 (LBO) - Outlining plans to support Sri Lanka in achieving the Sustainable Development Goals, Unilever Sri Lanka and United Nations Development …