Sri Lanka hikes policy rates by 25 bp to curb inflationary pressure
Mar 24, 2017 (LBO) - Sri Lanka's central bank tightened monetary policy on Friday, hiking policy rates by 25 basis points to curb inflationary expectations and …
Economy
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Sri Lanka’s new revenue act to include capital gains policy
Mar 23, 2017 (LBO) – Sri Lanka’s proposed Inland Revenue Act is to be drafted in conformity with the announced policy design of capital gains tax, the …
Sri Lanka govt approves Securities Exchange Commission bill
Mar 23, 2017 (LBO) - Sri Lanka's government will replace the Securities and Exchange Commission Act No. online pharmacy buy spiriva inhaler with best prices …
Sri Lanka NCPI inflation at 8.2-pct in Feb 2017
Mar 22, 2017 (LBO) - Sri Lanka's inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), increased to 8.2 percent in …
President Sirisena to undertake official visit to Russian Federation
Mar 21, 2017 (LBO) - President Maithripala Sirisena will undertake an official visit to the Russian Federation on 22-24 March 2017 at the invitation of …
Stakeholders identify 15 tourism priorities in Sri Lanka
Mar 20, 2017 (LBO) - Key public and private sector tourism stakeholders in Sri Lanka have identified 15 priority projects to boost and sustain tourism growth …
Ravi urges investors to make use of opportunities in Sri Lanka: summit
Mar 18, 2017 (LBO) - Sri Lanka offers investment opportunities that provide secure and diverse business options as the country has been achieving economic …
Sri Lanka to raise USD 1Bn by listing SOEs: Finance Minister
Mar 16, 2017 (LBO) - Sri Lanka's government plans to raise one billion US dollars by listing non-strategic enterprises on the capital market this year, Finance …
Sri Lanka’s GDP grows 4.4-pct in 2016, dips on agriculture
Mar 16, 2017 (LBO) - Sri Lanka’s Gross Domestic Product grew 4.4 percent in 2016, down from 4.8 percent a year earlier, with drought and floods leading to …
Sri Lanka to sign statements of corporate intent with key SOEs
Mar 15, 2017 (LBO) - Sri Lanka's government will sign Statements of Corporate Intent (SCIs) with five state-owned enterprises: Ceylon Electricity Board, Ceylon …
Sri Lanka sells USD973mn in dollar denominated bonds
Mar 15, 2017 (LBO) - Sri Lanka's government has sold 973.25 million dollars worth of bonds in one-, two-, three- and five-year periods with the majority …
Sri Lanka’s manufacturers make steady progress: OBG
Mar 15, 2017 (LBO) - Rising demand and expectations of stronger sales should sustain growth in Sri Lankan manufacturing in 2017, though labour shortages will …
Ceylon Chamber looks forward to engaging on Inland Revenue bill
Mar 13, 2017 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce says they are looking forward to engaging with authorities on suggestions and recommendations …
Sri Lanka labour force 8.4 mn in 3Q with 36.5-pct female
Mar 13, 2017 (LBO) – Sri Lanka’s labour force for the third quarter 2016 is estimated to be 8.4 million with 36.5 percent females contributing to the …
US likely to hike rates by 25 bp this week
Mar 13, 2017 (LBO) - The United States is likely to hike interest rates by 25 basis points on Wednesday to prevent chances of the economy overheating, although …
Building lives, not only a new bridge at Kelani river
Mar 13, 2017 (LBO) - The Japan International Cooperation Agency (JICA) is keen that relocations from the Sedawatta and Wadullawatta communities for the new …
Sri Lanka foreign reserves up by USD165mn in February
Mar 10, 2017 (LBO) – Sri Lanka’s official reserves rose 165 million US dollars to 5.62 billion dollars in February, up from 5.45 billion dollars at the end …
COPE should inquire transactions of Templeton fund in Sri Lanka: Harsha
Mar 09, 2017 (LBO) – Sri Lanka’s Committee On Public Enterprises (COPE) should investigate the transactions carried out between the US-based Franklin …
Indonesia, Sri Lanka to strengthen trade and economic ties
Mar 09, 2017 (LBO) Sri lanka's President Maithripala Sirisena, who is on a state visit to Indonesia, met with President Joko Widodo Wednesday with a proposal …
S&P keeps negative outlook unchanged, confirms ‘B+’ rating on Sri Lanka
Mar 08, 2017 (LBO) - Standard and Poor global ratings affirmed its 'B+' long-term and 'B' short-term sovereign credit ratings on Sri Lanka while keeping a …