European Investment Bank in EUR50mn Colombo water network expansion
Jan 24, 2016 (LBO) - The European Investment Bank will provide EUR 50 million to support improvement and expansion of sewage networks across the Sri Lankan …
Economy
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Over one million Sri Lankans affected by drought
Jan 23, 2017 (LBO) - Sri Lankans have been warned to conserve water and electricity with over a million persons affected so far by drought as crop output …
Central Bank says internal & external probe on 2015/16 EPF operations
Jan 23, 2017 (LBO) – Sri Lanka’s Central Bank said an internal examination is currently underway under the direction of the Monetary Board on transactions …
IMF commends Sri Lanka on economic progress made so far
Jan 23, 2017 (LBO) - The International Monetary Fund (IMF) has commended the new strategy of Sri Lankan government to create financial discipline and lead the …
Sri Lanka President to appoint committee to investigate bond scam
Jan 23, 2017 (LBO) - Sri Lanka's President Maithripala Sirisena said he would appoint a commission to investigate and recommend actions for an alleged bond …
Sri Lanka sells USD458mn in fixed and floating rate bonds
Jan 20, 2016 (LBO) - Sri Lanka has sold fixed and floating rate dollar denominated bonds worth US 458 million dollars, a statement said. The Central Bank …
Sri Lanka president advises officials to brace for impending drought
Jan 19, 2017 (LBO) - Sri Lanka's President Maithripala Sirisena has held a discussion to look into the preparations at ministerial level to provide essential …
New leasing scheme for vehicles comes into effect
Jan 18, 2017 (LBO) - Central Bank of Sri Lanka has advised commercial banks and leasing companies to follow new regulations in granting loans for vehicle …
Implementing international conventions only criteria for GSP Plus: EU
Jan 18, 2017 (LBO) – European Union today reiterated that the ratification and implementation of 27 international conventions signed by Sri Lanka are the …
Sri Lanka’s industrial output up 4.5-pct in November
Jan 18, 2017 (LBO) - Sri Lanka's Index for Industrial Production (IIP) shows volume of industrial production rose 4.5 percent in November 2016 when compared …
Prime Minister meets Chinese President at World Economic Summit
Jan 18, 2017 (LBO) - Prime Minister Ranil Wickremesinghe today met Chinese President Xi Jinping on the sidelines of the World Economic Summit to be held in …
Sri Lanka’s Treasury to establish separate unit for PPP projects
Jan 13, 2017 (LBO) – Sri Lanka is to setup a separate division for Public Private Partnerships (PPP) under the Treasury with experts in the field to support …
Foreign investors for over USD300,000 to get resident visas in Sri Lanka
Jan 13, 2017 (LBO) - Sri Lanka's Finance Minister said that foreigners who make a minimum investment of 300,000 US dollars will see a range of benefits …
Trade deficit narrows in Sept, cumulative exports down 3pct
Jan 13, 2017 (LBO) - Sri Lanka’s trade deficit narrowed in September 2016 with an increase in export earnings for the second consecutive month, together with …
CB joins Dept for Registration of Persons against money laundering
Jan 13, 2016 (LBO) - The Financial Intelligence Unit, located at the Central Bank of Sri Lanka, has entered into a memorandum of understanding with the …
European Commission proposes restoring Sri Lanka’s GSP+
Jan 11, 2017 (LBO) - The European Commission said it proposed to the European Union to remove significant import duties on Sri Lankan products, to restore GSP …
Sri Lanka cabinet approves USD1.5bn development bond issue
Jan 11, 2017 (LBO) – Sri Lanka’s cabinet on Tuesday approved a proposal to borrow 1.5 billion US dollars from the issuances of development bonds this year. …
Sri Lanka should rethink immigration, diaspora policies: Hausmann
Jan 10, 2016 (LBO) - Sri Lanka should rethink its immigration, diaspora and product development policies so as to encourage more complexity in exports, …
Sri Lanka’s credit rating upgrade depends on IMF compliance: Fitch
Jan 10, 2017 (LBO) - Sri Lanka's potential improvements in sovereign credit profiles will depend on the country's level of compliance with IMF conditions, as …
Sri Lanka to receive GSP+ concession next week: President
Jan 09, 2017 (LBO) - President Maithripala Sirisena says he has received information that Sri Lanka will receive the GSP+ trade concession next week, marking a …