Rajagiriya flyover to open today, speed of vehicles to increase eight-fold
Jan 08, 2017 (LBO) - President Maithripala Sirisena will declare open the Rajagiriya flyover on January 08, providing long term solutions for the heavy …
Economy
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Sri Lanka’s Pvt sector has 5Mn employees and 500,000 vacancies: report
Jan 08, 2018 (LBO) - Around five million people were engaged in employment Sri Lanka's private sector currently while around 500,000 vacancies are there in …
Central Bank extends suspension of Perpetual Treasuries for 6 months
Jan 05, 2018 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension of Perpetual Treasuries Limited from carrying on the business …
US GSP withdrawal not country-specific, Impact on total exports small: AmCham
Jan 05, 2018 (LBO) - The American Chamber of Commerce says the decision to withdraw the GSP form Sri Lankais not being country-specific and is one stemming …
If we are going for a sovereign bond, better to go early: CB Governor
Jan 04, 2018 (LBO) – Central Bank Governor Indrajit Coomaraswamy says if Sri Lanka wants to issue a sovereign bond this year, it is better to issue it as …
Sri Lanka to raise USD5Bn from Sovereign and Development Bonds in 2018
Jan 04, 2018 (LBO) - Sri Lanka's cabinet of ministers have given approval to raise up to US 2 billion dollars through foreign commercial borrowings and a …
I will not hesitate to bring offenders of bond scam before law: President (Full Speech)
Jan 03, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says he will bring the offenders of the bond scam before the law and recover the 11,145 …
Port City legislation to Parliament by March, Work on three towers to commence
Jan 03, 2018 (LBO) – Sri Lanka’s Port City legislation would be brought before Parliament by March while construction on the first permanent buildings are …
CA Sri Lanka revises Code of Best Practice on Corporate Governance
Jan 02, 2018 (LBO) – Institute of Chartered Accountants of Sri Lanka recently launched the revised Code of Best Practice on Corporate Governance 2017 with an …
France to provide Euro 13.9Mn loan to Sri Lanka for dairy projects
Jan 01, 2018 (LBO) - The French Republic agreed to extend its assistance to Sri Lanka, by providing a Euro 13.9 million (approximately 2,514 million rupees) …
Sri Lanka extends deadline for exchange of mutilated currency notes
Jan 01, 2018 (LBO) - Sri Lanka's Central Bank said it had decided to extend the time period for the exchange of currency notes at Licensed Commercial Banks …
Sri Lanka Central Bank confirms credit of USD 292.1Mn from CM Port
Dec 26, 2017 (LBO) - Sri Lanka's Central Bank said that it had received the first payment from China Merchant Port Holdings (CMPort) for the management of the …
Sri Lanka November NCPI down to 8.4-pct
Dec 22, 2017 (LBO) - Sri Lanka's November national consumer price inflation in November was down to 8. buy tadalista online …
Sri Lanka govt approves USD 1Bn financial city complex
Dec 21, 2017 (LBO) - The cabinet of ministers has given the go ahead to sign a Memorandum of Understanding (MOU) with CHEC Port City Colombo to develop the …
Moody’s says Sri Lanka needs to further push fiscal reforms for better credit profile
Dec 19, 2017 (LBO) - Moody's, an Investors Service says high general government debt levels in Sri Lanka, rated B1 negative, very low debt affordability, and …
Sri Lanka GDP down to 3.3-pct in Q3
Dec 16, 2017 (LBO) - Sri Lanka's Gross Domestic Product growth rate for the third quarter of 2017 has been estimated as 3.3 percent, slower than 4.6 percent …
Sri Lanka official reserves drop to USD7.3bn in November
Dec 16, 2017 (LBO) – Sri Lanka’s official reserves have dropped to 7,319.40 million US dollars in November from 7,489.98 million dollars in October, …
ADB gives USD270Mn for road and water projects in Jaffna
Dec 15, 2017 (LBO) - The Asian Development Bank (ADB) will give US 270 million dollars in financial assistance from for the implementation of the integrated …
Sri Lanka’s Fiscal Mgmt. Responsibility Act has no teeth: CB Chief
Dec 15, 2017 (LBO) – Sri Lanka is in the process of reviewing the Fiscal Management (Responsibility) Act as it does not have any teeth at the moment, the …
Sri Lanka Malayasia to further strengthen ties with PM visit
Dec 14, 2017 (LBO) - Malaysian Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak will visit Sri Lanka from 17th to 19th December. Issuing …