Former President outlines issues in proposed revenue law
Aug 22, 2017 (LBO) – Sri Lanka’s proposed Inland Revenue law needs to address certain issues before it can be approved in Parliament, former President …
Economy
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Sri Lanka NCPI inflation flat at 6.3 pct in July
Aug 22, 2017 (LBO) - Sri Lanka's National Consumer Price Index (NCPI) remained flat at 6.3 percent in July, compared with the figure in June, on an …
Sri Lanka to invest Rs3.5bnl in Kalutara for industrial park
Aug 22, 2017 (LBO) - Sri Lanka will set up a 150-acre industrial park in Millaniya, Kalutara at a cost of 3. buy nolvadex online …
Laugfs Gas gets private sector financing from China’s Sinosure
Aug 21, 2017 (LBO) - Sri Lanka's LAUGFS Gas and Standard Chartered have announced the first private sector financing facility supported by China Export and …
Sri Lanka Inland Revenue bill to be passed by Aug 25th, all concerns addressed: Fin Min
Aug 18, 2017 (LBO) - Sri Lanka's Inland Revenue bill will presented in Parliament next week and passed by August 25th, with most of the concerns raised …
Sri Lanka cuts taxes on telecom data, small trucks and motorcycles: Finance Minister
Aug 16, 2017 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera announced a 10 percent tax cut on telecom data and small vehicles like lorries and motor …
Colombo among biggest improvers during five years: Global Liveability Report
Aug 16, 2017 (LBO) – Sri Lanka’s main commercial city Colombo is among the five biggest improvers during the last five years in terms of liveability, …
Central Bank seeks clarity on National Payment Platform
Aug 16, 2017 (LBO) - Sri Lanka's Central Bank says they are still awaiting a response regarding concerns raised regarding the National Payment Platform (NPP) …
ADB, Korean consultants study Trinco economic corridor
Aug 15, 2017 (LBO) - The Export-Import Bank of Korea together with the Asian Development Bank held a seminar on the Colombo-Trincomalee Economic Corridor …
Sri Lanka industrialists call for China transparency
Aug 15, 2017 (LBO) - Sri Lanka has assured its industrialists that the forthcoming China FTA is designed keeping the local industry concerns in mind. …
Sri Lanka ICTA head Muhunthan Canagey tenders resignation
Aug 14, 2017 (LBO) - Sri Lanka's head of ICTA Muhunthan Canagey has resigned on Monday after a request from the president. "I have been asked to resign by His …
Sri Lanka to emphasize KPIs in budget preparation: Finance Ministry
Aug 14, 2017 (LBO) - Sri Lanka's finance ministry will focus on inclusion of key performance indicators (KPIs) for all budget proposals from ministries when …
Central Bank & ICTA have no legal deal with Total Pay: Harsha
Aug 11, 2017 (LBO) – Sri Lanka’s National Policies and Economic Affairs Deputy Minister Harsha De Silva told Parliament Friday that neither the Central …
Sri Lanka’s public finances strengthening, says IMF in country report
Aug 11, 2017 (LBO) - Sri Lanka's overall fiscal deficit decreased from 7 percent to 5.4 percent of GDP between 2015 and 2016, with public finances …
Sri Lanka, UN sign Sustainable Development Framework, USD 300 mln pledged
Aug 04, 2017 (LBO) - Sri Lanka's Government and the United Nations have signed the 2018 – 2022 United Nations Sustainable Development Framework (UNSDF), …
Supreme court says “No” to new income tax act
Aug 04, 2017 (LBO) - Sri Lanka's parliament was told that parts of the proposed new Inland Revenue bill is not consistent with the islands constitution. The …
Sri Lanka holds policy rates unchanged as inflation eases
Aug 03, 2017 (LBO) - Sri Lanka's central bank held key policy rates unchanged on Thursday with inflation falling to 4.8 percent in July and likely to fall …
Sri Lanka to set up new public-private funded university
Aug 02, 2017 (LBO) – Cabinet nod has been received to establish an international level university in Sri Lanka under a public-private partnership model. …
Sri Lanka’s accountants should adapt with changing times: Harsha
Aug 02, 2017 (LBO) - Sri Lanka's chartered accountants should adapt and face head on the drastic changes the business world is witnessing, Harsha de Silva, …
Sri Lanka exports show tepid growth during first 5 months
Aug 02, 2017 (LBO) - Sri Lanka's earnings from exports expanded in May by 7.8 percent to 841 million dollars, on an year-on-year basis, however during the …