New Zealand keen to broaden investment in Sri Lanka
Mar 08, 2017 (LBO) - The Government of New Zealand expects to broaden existing investment in Sri Lanka and is ready to assist in economic development …
Economy
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Sri Lanka fulfilled Dec fiscal targets, eyes on SOE reforms: IMF
Mar 07, 2017 (LBO) – Sri Lanka needs to accelerate implementation of structural reforms in public financial management and state owned enterprises, the …
Ceylon Chamber says policy on drug prices may be appropriate
Mar 06, 2017 (LBO) - The Ceylon Chamber of Commerce says it will conform to the introduction of regulations to control prices of medicinal drugs, after …
Norwegian Pension Fund doubles its investment in Sri Lanka
Mar 02, 2017 (LBO) - The Norwegian Government Pension Fund Global, which started investing in Sri Lanka in 2015, has more than doubled its investment in Sri …
Sri Lanka’s 2017 fiscal target will be more challenging: Moody’s
Mar 02, 2017 (LBO) – Sri Lanka’s ambitious 2017 fiscal deficit target will be even more challenging to achieve as drought-related government spending will …
Sri Lanka to introduce KPIs for SOEs in line with IMF loan
Mar 01, 2017 (LBO) –Sri Lanka will introduce key performance indicators to five state owned enterprises (SOEs) operating in the island for a period of three …
Sri Lanka, IFC to develop sustainable finance roadmap
Mar 01, 2017 (LBO) - President Maithripala Sirisena has urged the financial sector and other stakeholders to work towards sustainable development, during the …
Motor car registrations down 11 percent in January: JB Securities
(Corrects motor car registration figure) Mar 01, 2017 (LBO) - Motor car registrations in Sri Lanka fell 11 percent to 3,101 in January, from 3,487 in December, …
JICA kicks-off study to formulate plans for developing Kandy city
Feb 28, 2017 (LBO) – Sri Lanka’s Urban Development Authority together with Japan International Cooperation Agency today commenced a study to formulate …
Central Bank violated the law on past issuances of treasury bonds: Fin Min-Updated
(Updated with comments from press conference) Feb 27, 2017 (LBO) - Finance Minister Ravi Karunanayake has accused former president Mahinda Rajapaksa and the …
Sri Lankans consume quarter of recommended dairy intake: experts
Feb 27, 2017 (LBO) - Helping local farmers overcome challenges through training will lead to a thriving dairy industry by addressing nutritional gaps and …
Sri Lanka rated ‘Mostly Unfree’ in new report: Heritage Foundation
Feb 21, 2017 (LBO) - Sri Lanka slipped to be rated as a ‘Mostly Unfree’ country this year in the Index of Economic Freedom, with the lack of government …
Sri Lanka’s public sector expanded 39-pct during past decade
Feb 21, 2017 (LBO) – Sri Lanka’s public sector, excluding the semi government sector and three forces, expanded 39 percent in the last ten years, a census …
Sri Lanka Central Bank launches data library for public use
Feb 21, 2017 (LBO) - The Central Bank of Sri Lanka (CBSL) has launched a data library for the general public to use via the CBSL external website. "Data …
Sri Lanka-Singapore FTA to be finalised in 2017: Singapore PM
Feb 20, 2017 (LBO) - The Free Trade Agreement (SLSFTA) between Sri Lanka and Singapore will hopefully be finalised this year, Singapore Prime Minister Lee …
Sri Lanka to review public sector cadre, redeploy excess
Feb 17, 2017 (LBO) – Sri Lanka will conduct a cadre review to determine the total cadre requirement of the public sector and provincial councils. The review …
Sri Lanka to forge ahead despite external pressures: Ravi
Feb 17, 2017 (LBO) - Sri Lanka's finances are improving despite global turmoil, Brexit and higher interest rates in the US, backed by a Fitch Ratings outlook …
Australia and Sri Lanka sign new partnership agreement
Feb 16, 2017 (LBO) - Australia and Sri Lanka have signed a new development cooperation partnership during Prime Minister Ranil Wickramasinghe’s visit to …
With foreign debt servicing of USD4 bil, cabinet approves sovereign bond
Feb 16, 2017 (LBO) – Sri Lanka’s Finance Minister says the island's total domestic and foreign debt service payments for 2017 is estimated to be around …
Sri Lanka senior citizens’ deposits up to Rs1.5Mn to get higher interest
Feb 15, 2017 (LBO) - Sri Lanka's Finance Ministry said that it will increase the upper limit up to 1.5 million rupees for 15 percent special interest paid on …