Sri Lanka hikes petrol, diesel prices: Cabinet approves fuel pricing formula
May 10, 2018 (LBO) - Sri Lanka has increased the prices of petrol and diesel following a cabinet decision to approve a fuel pricing formula. Petrol (92 …
Economy
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EU provides Rs.810Mn to modernise Sri Lanka’s agricultural sector
May 10, 2018 (LBO) –The European Union has launched a 810 million rupee project to support the modernization of Sri Lanka's agriculture sector. The project …
Sri Lanka shows 4.2-pct unemployment rate for 2017
May 09, 2018 (LBO) – Sri Lanka’s statistics office said that the estimated unemployment rate for 2017 has been 4.2 percent. Unemployed persons are defined …
Sri Lanka Fin Min addresses ADB annual sessions in Manila
Statement made by Hon. MangalaSamaraweera, Minister of Finance and Media of Sri Lanka at the Business Session of the Asian Development Bank’s 51st Annual …
Sri Lanka should continue digitization of services to capture millennial tourists :JLL
May 08, 2018 (LBO) - Real estate consultancy Jones Lang La Salle (JLL) says the strong surge in tourist arrivals and earnings, which could be further enhanced …
Finance Minister holds discussion with ADB to expedite projects in Sri Lanka
May 04, 2018 (LBO) – Sri Lanka's Finance Minister Mangala Samaraweera who is attending the 51st Annual meeting of the ADB in Manila had discussions with …
Investor-friendly reforms to take focus in 2018 report on Sri Lanka:OBG
May 04, 2018 (LBO) - Sri Lanka’s plans to enhance its investment climate by introducing mechanisms aimed at reducing red tape and speeding up key processes …
Sri Lanka rupee slips to low of 158.00: Stocks down 0.2-pct
May 03, 2018 (LBO) - The Sri Lanka rupee hit a new low of 157.90/158.00 rupees against the US dollar during morning trade in the spot market. The rupee closed …
Japanese startup plans Sri Lanka’s first electric vehicle plant
May 03, 2018 (LBO) - Tokyo based high-tech research and development startup is planning Sri Lanka’s first ever large, industry scale electric vehicle (EV) …
Central Bank says foreign sentiment signals confidence in Sri Lanka’s economy
May 03, 2018 (LBO) – Sri Lanka's Central Bank said recent indicators reflect positive sentiment expressed by external foreign parties regarding the …
Sri Lanka’s telco merger to relieve competitive pressure: Fitch
May 01, 2018 (LBO) - The merger between Hutchison Telecommunications Lanka (Private) Ltd and Etisalat Lanka (Private) Ltd is likely to relieve some competitive …
Given the current debt dynamics, fiscal slippage can lead to a serious economic crisis: CB
Apr 26, 2018 (LBO) – Given the current debt dynamics, fiscal slippage can lead to a serious economic crisis, the Central Bank said releasing its Annual …
Sri Lanka political unrest tests reform momentum: Fitch
Apr 26, 2018 (LBO) - Recent political developments in Sri Lanka have created some uncertainty over reform momentum and fiscal consolidation, and prolonged …
Presidential Commission on SriLankan to commence recording of evidence
Apr 26, 2018 (LBO) - President Maithripala Sirisena said that the Presidential Commission appointed to look into the alleged frauds and malpractices in …
Central Bank rejects Bandula’s claim on lack of funds to pay off T-bonds
Apr 25, 2018 (LBO) – Central Bank on Wednesday rejected the claim made by Parliamentarian Bandula Gunawardane on lack of funds the bank has to pay-off bonds. …
China’s massive OBOR hub for Asia bullish on Sri Lanka FTA
Apr 25, 2018 (LBO) - The South East Asian Gateway Province to mainland China's ambitious One Belt-One Road (OBOR) initiative voiced its impatience to witness …
Sri Lanka inflation slows to 2.8-pct in March, lowest since April 2016
Apr 23, 2018 (LBO) – Sri Lanka’s headline inflation measured by National Consumer Price Index (NCPI) has decreased to 2.8 percent in March, lowest since …
Sri Lanka foreign reserves fall to USD7.3bn in March
Apr 23, 2018 (LBO) – Sri Lanka’s official reserves have dropped to 7,309.11 million US dollars in March from 7,914.33 million dollars in February, official …
Capacity building to manage public debt and liability is need of the hour: Eran
Apr 23, 2018 (LBO) - Sri Lanka as a developing nation needs to focus on building capacity for public debt and liability management as matter of …
IMF wants fuel pricing formula before June to complete 4th review
Apr 21, 2018 (LBO) – IMF’s Executive Board is expected to consider Sri Lanka’s request for completion of the fourth review in June, subject to cabinet …