Sri Lanka will ensure resource utilization in sustainable manner: President
Apr 19, 2018 (LBO) - Our Government’s “Blue-Green” economic plan will ensure the full utilization of the ocean and other natural resources of Sri Lanka …
Economy
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Sri Lanka pledges support for Commonwealth small states trade finance facility
Apr 18, 2018 (LBO) - Sri Lanka pledged financial contribution to setup the Small States Trade Financial Facility, In order to help Small States get access to …
Sri Lanka Govt to ensure continued progress of financial inclusion: Fin Min
Apr 18, 2018 (LBO) - Minister of Finance Mangala Samaraweera says it is important for the Sri Lankan financial system to have robust access and engagement …
Sri Lanka’s CEB threaten TU action, Says not liable for inconvenience to public
Apr 17, 2018 (LBO) - Sri Lanka’s Ceylon Electricity Board Engineers Union (CEBEU), of the state owned electricity supplier Ceylon Electricity Board (CEB) is …
South Asia regains growth lead, Still lags on jobs
Apr 17, 2018 (LBO) - South Asia has regained its lead as the fastest growing region in the world, supported by recovery in India. With the right mix of …
Sri Lanka Central Bank issues warning on virtual currencies
Apr 17, 2018 (LBO) - The Central Bank has warned the pubic about the use of “virtual currencies”, commonly used to refer to digitally created …
World Bank warns of reform slowdown amid challenging political environment
Apr 17, 2018 (LBO) - Sri Lanka's growth is projected to rebound in 2018 and continue to be around 4.5 percent in the medium term, driven by private consumption …
SriLankan reports revenue of Rs.126.9Bn in 2017/18
Apr 16, 2018 (LBO) - National carrier SriLankan Airlines has achieved a un-audited annual passenger revenue of 126.9 billion rupees (US Dollars 830.7 million) …
Asia will grow at 6-pct in 2018, Trade risk warnings: ADB
Apr 12, 2018 (LBO) - The Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6.0 per cent from 5.8 per cent, citing solid …
Sri Lanka Govt call for expediting activities related to exploration and production of petroleum
Apr 12, 2018 (LBO) - Sri Lanka's cabinet of ministers has called for an action plan for expediting the activities related to exploration and production of …
President calls for proposals to solve problems in construction field
Apr 11, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena advised the Secretary for Ministry of Skills Development and Vocational Training to prepare a …
Sri Lanka targets USD2.5Bn in FDI in 2018, USD 5Bn by 2020:Fin Min
Apr 10, 2018 (LBO) - Sri Lanka's government is looking at attracting up to US 2.5 billion dollars in Foreign Direct Investments (FDI) in 2018, and to double it …
Sri Lanka’s debt burden is higher than Ethiopia, Uganda & Ghana
Apr 09, 2018 (LBO) – Sri Lanka’s government revenue as a share of GDP is lower than many peers, while the government debt-to-GDP ratio is much higher, …
Sri Lanka trade deficit expands over USD1bn in January; imports USD2bn
Apr 09, 2018 (LBO) – Sri Lanka’s trade deficit has expanded in January surpassing 1 billion US dollars for the second consecutive month due to significant …
Fitch Ratings doubles stake in Sri Lanka unit
Apr 05, 2018 (LBO) - Fitch Ratings has doubled its stake in itch Ratings Lanka Ltd. ,to approximately 89 percent through its acquisition of the equity …
Sri Lanka CB cuts policy rate ceiling by 25bps
Apr 04, 2018 (LB0) - Sri Lanka's central bank has decided to reduce the Standing Lending Facility Rate (SLFR), which is the upper bound of the policy interest …
New IR act most progressive in SA, Will bring in extra Rs.60Bn in revenue
Apr 03, 2018 (LBO) - Sri Lanka's Finance ministry says the government expects to earn a an additional revenue of 60 billion rupees each year through the new …
Central Bank to continue exchange of altered currency notes
Mar 30, 2018 (LBO) – Central Bank has decided to continue the service of exchange of willfully mutilated, altered and defaced currency notes from CBSL until …
Sri Lanka records 4-pct unemployment rate in 4Q 2017
The Department of Census and Statistics (DCS) Sri Lanka has released the results of the Sri Lanka labour force survey for the fourth quarter of 2017 (October, …
Thumps up from US on GSP for Sri Lanka and others
Mar 29, 2018 (LBO) - Sri Lanka will be regaining the United States Generalised System of Preferences (GSP) trade concession which expired on December 31, …