Sri Lanka’s port deal boosts foreign reserves, a credit positive: Moody’s
Aug 01, 2017 (LBO) - The Hambantota port deal is credit positive for Sri Lanka because it will boost foreign-exchange reserves, which will ease the …
Economy
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Ceylon Chamber presents recommendations to fast-track PPPs
July 31, 2017 (LBO) – The Ceylon Chamber of Commerce national agenda committee on infrastructure has presented a set of recommendations on fast-tracking …
Privatization is not part of my mandate: New PPP chief
July 26, 2017 (LBO) – Sri Lanka will look at public-private partnerships (PPPs) in transport, utilities, ports, tourism, construction, housing, health care, …
Sri Lanka Parliament passes foreign exchange bill with amendments
July 26, 2017 (LBO) - Sri Lanka's Parliament on Tuesday passed the new foreign exchange law, a more rule-based regulatory system with a vote that was 94 in …
Arguing against globalization is like disagreeing with the law of gravity
July 25, 2017 (LBO) - Muhammad bin Ibrahim, governor Bank Negara Malaysia, referring a famous quote by Kofi Annan in his opening remarks at IMF joint …
Sri Lanka’s average inflation remains at 18-month high in June
July 24, 2017 (LBO) – Sri Lanka’s annual average inflation remained at a more than 18-month high of 6.1 percent in June, unchanged from a month ago. buy …
Sri Lanka’s economy to bounce back in 2017 and accelerate in 2018: IMF
July 24, 2017 (LBO) - The International Monetary Fund (IMF) forecasts Sri Lankan economy to rebound in 2017 and accelerate in 2018, despite the lower than …
National Challenges to be discussed at Sri Lanka Economic Summit
July 24, 2017 (LBO) - Sri Lankan Government ministers, opposition parliamentarians and advisers will discuss current national challenges faced by the country …
World Economic Outlook on track, emerging economies to see sustained pickup: IMF
July 24, 2017 (LBO) - The pickup in global growth anticipated in the April World Economic Outlook remains on track, with global output projected to grow by …
Sri Lanka income tax bill to parliament by August
July 21, 2017 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera said he is expecting to present the new income tax act to parliament in August and and …
Travel goods from Sri Lanka to receive duty free entry to US
July 21, 2017 (LBO) – Export of travel-related products from Sri Lanka will enjoy duty free entry to the United States following a decision by the US …
Dumindra Ratnayaka appointed chairman of BOI: Reports
July 18, 2017 (LBO) – Dumindra Ratnayaka has been appointed as the chairman of the Board of Investment (BOI) of Sri Lanka, media reports said. He is the only …
IMF completes second review, to disburse USD167.2 mln
July 18, 2017 (LBO) - The Executive Board of the International Monetary Fund (IMF) has completed the second review of Sri Lanka’s economic performance under …
New revenue Bill should be implemented from April 2018: Ceylon Chamber
July 17, 2017 (LBO) – Ceylon Chamber of Commerce says it is their view that the new Inland Revenue Bill, once enacted, should ideally be implemented from 1st …
Bangladesh’s first ever FTA will be with Sri Lanka later this year
By P.K. Balachandran Bangladesh’s first-ever FTA will be with Sri Lanka and that is expected to signed by year end, Bangladesh’s Foreign Secretary Mohmmad …
Tax reforms would help SL rating outlook back to stable: Moody’s
July 14, 2017 (LBO) – Evidence of effective implementation of reforms that leads to significant and lasting improvements in tax collection, and more stable …
National Export Strategy to be implemented with budget 2018: Advisor
July 13, 2017 (LBO) – Sri Lanka’s proposed National Export Strategy will be implemented with the budget of 2018, a senior official at the International …
World Bank doubles assistance to Sri Lanka over next three years
July 13, 2017 (LBO) - Sri Lanka will receive US1,340 million dollars in financial and technical assistance through a transitional support facility of the …
Sri Lanka cuts export earnings target to USD18bn by 2020
July 12, 2017 (LBO) – Sri Lanka is currently looking at a target for export earnings of 18 billion US dollars by 2020, State Minister of International Trade …
Sri Lanka’s new Inland Revenue Act will be investor friendly: Finance Minister
July 12, 2017 (LBO) - Sri Lanka's Finance Minister says the main objective of the new Inland Revenue Bill is to simplify the tax system in order to create an …