Finance Minister appoints Ranel Tissa Wijesinha as new Chairman of SEC
May 24, 2018 (LBO) – Finance and Media Minister has appointed Ranel Tissa Wijesinha as the new Chairman of the Securities and Exchange Commission of Sri …
Economy
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Sri Lanka tea exports up in April 2018, Low grown production down
May 24, 2018 (LBO) - Sri Lanka's tea exports for the month of April 2018 showed a gain of 0.7M/kgs when compared with the same period last year while bulk tea …
Central Bank to create intervention rules for foreign exchange market
May 23, 2018 (LBO) – Sri Lanka’s Central Bank is to introduce several rules, the officials need to follow when they are intervening in the foreign exchange …
Fin Min says Sri Lanka economy on stable footing; Challenges MR for TV debate
May 23, 2018 (LBO) - Sri Lanka's Finance Minister challenging former President Mahinda Rajapaksa to an open television debate on the economy said that sound …
Sri Lanka Central Bank clarifies on external debt and reserves
May 23, 2018 (LBO) - Sri Lanka's Central bank issuing a statement has clarified a misleading news item has been disseminated in relation to Sri Lanka’s …
SL – China FTA would result in higher gains for Sri Lankan exports: Study
May 22, 2018 (LBO) – Sri Lanka – China FTA would result in higher gains for Sri Lankan exports compared to products imported from China which are already …
Sri Lanka inflation slows to 1.6-pct in April, lowest since Feb 2016
May 22, 2018 (LBO) – Sri Lanka’s headline inflation measured by National Consumer Price Index (NCPI) has decreased to 1.6 percent in April, lowest since …
ADB, Sri Lanka sign USD210Mn loan for Mahaweli water security investment program
May 18, 2018 (LBO) - The Asian Development Bank (ADB) and the Government of Sri Lanka signed a US 210 million dollar second tranche loan agreement for the …
IMF to complete its 4th review on June 1 as SL introduced fuel price formula
May 18, 2018 (LBO) – IMF Communications Department on Thursday announced that their board is scheduled to discuss Sri Lanka's completion of its fourth review …
Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing
May 18, 2018 (LBO) - Sri Lanka's liquid petroleum gas (LPG) prices should be adjusted using a pricing mechanism that is transparent, impartial and …
LKR depreciation unwarranted; Reserves to reach US$ 11Bn by June 2018 :CB
May 17, 2018 (LBO) - The Central Bank of Sri Lanka says the underlying fundamentals do not warrant the current pressure on the Sri Lanka rupee. The rupee …
Sri Lanka among 23 countries vulnerable to Chinese debt distress: Study
May 16, 2018 (LBO) – Sri Lanka has been classified as a highly vulnerable country to debt distress of China’s Belt and Road Initiative (BRI) in a recent …
Sri Lanka Pvt bus Associations to strike, says can’t accept 6.5-pct fare hike
May 16, 2018 (LBO) - The Lanka Private Bus Owners' Association (LPBOA) and Inter-Provincial Private Bus Association (IPPBA) said it cannot accept the Cabinet …
Sri Lanka among most exposed countries to an interest rate shock: Moody’s
May 14, 2018 (LBO) – Moody’s Investors Service said the probability of an interest rate shock tends to be higher for Sri Lanka as the country is most …
Iranian companies to provide tech and engineering services to Sri Lanka
May 14, 2018 (LBO) - Iranian President Hassan Rouhani said that relations between Iran and Sri Lanka will be developed in all fields, stressing that the two …
Sri Lanka GDP will grow at 3.7-pct in Q1
May 14, 2018 (LBO) - Sri Lanka's will grow at 3.7 percent in the first quarter of 2018, althought this below the islands potential, the Governor of the …
ADB approves USD 100Mn additional funding to enhance job skills in Sri Lanka
May 11, 2018 (LBO) - The Asian Development Bank’s (ADB) has approved a US 100 million dollars results-based loan as additional financing for the Government …
Sri Lanka gross official reserves improved to USD9.9bn by end April
May 11, 2018 (LBO) – Sri Lanka's gross official reserve position had improved to 9.9 billion US dollars by end April, the record highest level in history …
Central Bank maintains policy interest rates unchanged
May 11, 2018 (LBO) – Monetary Board of the Central Bank at its meeting held on 10 May 2018 has decided to maintain policy interest rates at their current …
Sri Lanka to revise fuel price every two months
May 11, 2018 (LBO) - Fuel prices in Sri Lanka will be revised every two months under a new cabinet approved pricing formula, Finance Minister Mangala …