Sri Lanka Budget Keeps to IMF Plan But Fiscals Still Weak: Fitch
Nov 14, 2017 (LBO) - Fitch Ratings says Sri Lanka's budget for 2018 sticks broadly to the targets for fiscal deficit reduction under its three-year IMF …
Economy
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EU gives Rs.5.4Bn to reduce poverty in Uva and Central Provinces
Nov 14, 2017 (LBO) – The European Union will contribute 5.4 billion rupees to reduce poverty in the Uva and Central provinces by improving the income of poor …
PCs should tax businesses with quarterly income up to Rs3mn: FC
Nov 13, 2017 (LBO) – Sri Lanka’s Finance Commission (FC) has recommended that Provincial Councils should be allowed to collect taxes from business entities …
Sri Lanka to cut taxes on electric vehicles, introduce carbon tax
Nov 09, 2017 (LBO) – Sri Lanka will cut taxes on electric cars by at least one million rupees, Finance Minister Mangala Samaraweera said.buy vibramycin …
Sri Lanka Budget 2018: revenue proposals at a glance
Nov 09, 2017 (LBO) – Sri Lanka is expecting 110 billion rupees through the revenue proposals presented to Parliament in the budget proposals of 2018. These …
Sri Lanka’s Central Bank keeps policy rates steady
Nov 07, 2017 (LBO) – Sri Lanka’s Monetary Board of the Central Bank has decided to keep its key interest rates steady despite rising headline inflation. …
Integrated Management of Risks Key to Success of Sri Lanka’s New Growth Model
Nov 02, 2017 (LBO) - To sustain growth, job creation and poverty reduction, Sri Lanka needs to move to a more private investment, tradable sector-led growth …
Sri Lanka Govt gives South Korean firms nod for LRT feasibility study
Nov 02, 2017 (LBO) - The cabinet of ministers has given the go ahead for two South Korean firms to do a pre-feasibility study for six Light Rail Transit …
Sri Lanka down one notch in Ease of Doing Biz rankings
Nov 02, 2017 (LBO) - Sri Lanka has slid one place to number 111 from 110 last year, according to the latest ranking released yesterday by the World Bank. In …
Sri Lanka’s FTA with China is clearly political: Ganeshan Wignaraja
Nov 01, 2017 (LBO) – Sri Lanka’s proposed free trade agreement with China is not an economic agreement but an agreement with a very clear political nature, …
Sri Lanka should use technology to promote transparency and efficiency in businesses
Oct 31, 2017 (LBO) – Sri Lanka needs to reduce the number of institutions interfacing with traders and use technology to promote transparency and efficiency …
Sri Lanka to boost bilateral ties with Qatar, Seeks partnership for National carrier
Oct 27, 2017 (LBO) - President Maithripala Sirisena who is on a two-day state visit to State of Qatar to boost bilateral ties has sought the assistance of it's …
German companies invested USD98mn from 2005 to 2016: BOI
Oct 26, 2017 (LBO) – German companies had invested an estimated 98 million US dollars from 2005 to 2016 in the Island nation even though there is a drop of …
Port city phase two EIA for public comments next month
Oct 26, 2017 (LBO) - Sri Lanka's US 1.4 billion dollar Port City project Environmental Impact Assessment with 72 conditions will be soon open for public …
Sri Lanka’s Port City completes phase one of land reclamation: Minister
Oct 25, 2017 (LBO) - Sri Lanka's proposed Financial City better known as the Port City has now completed almost 50 percent of the land reclamation with the …
Sri Lanka Securities Exchange Act to be presented in Parliament
Oct 25, 2017 (LBO) - Sri Lanka's cabinet of Ministers has given their nod to publish in the gazette and present in parliament for approval the new Securities …
Sri Lanka gets USD73Mn from Saudi Fund for Development
Oct 24, 2017 (LBO) - Sri Lanka's Government has signed two agreements amounting to US 73 million dollars with the Saudi Fund for Development (SFD) to provide …
PM to introduce liability Mgmt. fund; funds to be raised with transparency
Oct 20, 2017 (LBO) – Sri Lanka’s Prime Minister told Parliament Friday that they will introduce a comprehensive secondary market trading platform and a …
Sri Lanka targets USD5bn FDI per year; per capita income to USD5,000: PM
Oct 20, 2017 (LBO) – Sri Lanka is looking at increasing foreign direct investment to 5 billion US dollars per year under a 3-year economic delivery …