New zone to create 100K jobs with USD5bn investment: Chinese Ambassador
Jan 07, 2017 (LBO) – Sri Lanka’s proposed Special Economic Zone in Hambantota will attract at least 5 billion US dollars in the coming three to five years, …
Economy
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PM says land identified for industry needs for next decade
Jan 06, 2017 (LBO) – Sri Lankan government has already identified lands for the industry needs in the country for the coming 10 to 15 years, Prime Minister …
CCC seeks business community support for CBSL independence
Jan 06, 2017 (LBO) - Sri Lanka's leading business chamber has called on the business community to support and embrace the Central Bank's Roadmap 2017 which …
CB Governor vows to stop wasting external reserves to defend rupee
Jan 03, 2017 (LBO) – Sri Lanka’s unsustainable practice of defending the external value of the rupee through market intervention should be stopped, the …
Sri Lanka’s 2017 economic growth to be 5.5-6.0 pct: Central Bank chief
Jan 03, 2017 (Reuters) – Sri Lanka economy is expected to expand between 5.5 percent and 6.0 percent in 2017, higher than last year's estimated pace of at …
Sri Lanka Foreign Reserves increase to USD6 Bln in 2016: CB
Jan 03, 2016 (LBO) - Sri Lanka's foreign reserves were around six billion dollars at the end of 2016, up from 5. online pharmacy buy abilify with best prices …
Sri Lanka’s prosperity improved in 2015 from previous year: Central Bank
Jan 03, 2017 (LBO) – Sri Lanka’s prosperity has improved to 0.864 in 2015 from 0.804 in the previous year, the Central Bank statistics showed, as measured …
Economic development with thrust on education: Finance Minister
Jan 02, 2017 (LBO) - Sri Lanka's Minister of Finance Ravi Karunanayake says there will be sustained economic development in the new year with a thrust on …
Central Bank invites proposals for USD1bn 3-year foreign financing facility
Dec 28, 2016 (LBO) – Sri Lanka’s Central Bank today said the government intends to raise a Foreign Currency Term Financing Facility (FTFF) denominated in …
Sri Lanka signs World Bank’s USD75mn Social Safety Nets Project
Dec 29, 2016 (LBO) - Sri Lanka has signed a 75 million dollar World Bank credit to support the country’s welfare programs. The project includes an integrated …
Sri Lanka Central Bank most likely to keep rates steady: POLL
Dec 28, 2016 (Reuters) – Sri Lanka's central bank is most likely to keep its key interest rates steady on Friday, even as some economists expect further …
Sri Lanka to improve public transportation in 2017: Fin Min
Dec 23, 2016 (LBO) - Several steps have been taken to improve public transportation with the building of new roads, upgrading railway, deploying priority bus …
Strong safeguards must accompany Asia’s infrastructure drive: ADB
Dec 21, 2016 (LBO) - Asia’s spending on growth-boosting infrastructure is set to get a tailwind from development financing while the safeguard systems used …
India taking steps to promote digital, mobile transactions
Dec 21, 2016 (LBO) - India is taking steps to promote digital and mobile transactions in the country after its demonitisation program. After the cancellation …
French court finds IMF’s Lagarde guilty of negligence
Dec 20, 2016 (LBO) - A French court has found International Monetary Fund chief Christine Lagarde guilty of negligence in allowing the misuse of public funds, …
Steps taken to meet Sri Lanka’s festive demand for rice: Ministry
Dec 20, 2016 (LBO) - Sri Lanka's Ministry of Industry and Commerce will increase supply of freshly milled rice to meet a surge in demand during the festive …
Sri Lanka govt revenue up 23-pct: Finance Ministry
Dec 19, 2016 (LBO) - Sri Lanka's Finance ministry says that state revenue has increased by 23 percent during the first nine months of this year compared with …
Weak growth, higher inflation risks Sri Lanka fiscal consolidation: Moody’s
Dec 19, 2016 (LBO) – Moody's Investors Service says that Sri Lanka's (B1 negative) program with the International Monetary Fund (IMF) has helped stabilize …
Malaysia, Sri Lanka consider FTA during President’s visit
Dec 19, 2016 (LBO) - Malaysia and Sri Lanka will consider the possibility of free trade agreement, a joint statement said, after the official visit of …