Economy

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US Millennium Challenge selects Sri Lanka for 5-Year grant

Dec 16, 2016 (LBO) – Sri Lanka has been selected for the US Millennium Challenge Corporation’s (MCC) new five-year grant compact which aims at encouraging …

Sri Lanka’s economy grew 4.1-pct in third quarter

Dec 15, 2016 (LBO) - Sri Lanka’s economy grew 4.1 percent in the third quarter of 2016 with strong growth construction, a statement said. “During the …

Sri Lanka vulnerable to direct and indirect effects of sustained capital outflows: Moodys

Dec 15, 2016 - Sri Lanka has been named as one of the countries that have the highest vulnerability to the direct and indirect effects of sustained capital …

ADB Maintains Stable Outlook for Asia Despite Global Uncertainties

Dec 14, 2016 (LBO) - Economic growth in developing Asia remains broadly stable, but a slight slowdown in India has trimmed the region’s growth outlook for …

“No privatization or sell off of public assets” Ravi

Dec 12, 2016 (LBO) - The government will not privatize or sell off any of the public asset and there were no provisions made under the Budget-2017 to this …

State sponsored sanitation services bound in caste relations: report

By Aftab Lall (Centre for Poverty Analysis) State sponsored provision of sanitation services in Jaffna, Sri Lanka are tightly bound in caste relations. Both …

Opinion: Jaffna, high literacy, low employment and lowest income. How come?

By Jekhan Aruliah Despite the Jaffna district having the second highest Literacy Rate in Sri Lanka, it does badly on employment and dismally on incomes. What's …

Challenging external environment for Sri Lanka in 2017: WB economist

Nov 30, 2016 (LBO) – Sri Lanka will face a challenging external macroeconomic environment ahead and structural reforms needs to be consistent with improved …

Sri Lanka tourist earnings up, slower growth in workers’ remittances

Nov 30, 2016 (LBO) - Sri Lanka's earnings from tourism increased while slower growth was seen in workers’ remittances in October 2016, the Central Bank said. …

Sri Lanka’s budget headed in right direction: IMF

Nov 30, 2016 (LBO) - Sri Lanka's budget for 2017 is headed in the right direction, especially in terms of primary deficit reduction, Eteri Kvintradze, the …

CCTV, new auction system among steps to strengthen bond trading: CB

Nov 29, 2016 (LBO) - Sri Lanka's Central Bank has taken several steps to improve supervision and regulation of the government securities market, the Central …

Sri Lanka budget deficit narrows in first nine months: CB

Nov 29, 2016 (LBO) - Sri Lanka's budget deficit narrowed to 4.1 percent of GDP during the first nine months of the year helped by an increase in tax revenue, …

Monetary Board holds interest rates unchanged

Nov 29, 2016 (LBO) - Sri Lanka's Monetary Board held interest rates unchanged after a monthly policy meeting with excessive credit growth beginning to slow and …

Asian markets mixed, December rate hike eyed

Nov 28, 2016 (LBO) - Japanese stocks traded weaker on Monday after seven straight sessions of gains, with Asian markets mixed, as the U.S. dollar pulled back …

Sri Lanka must aim for sustainable, inclusive growth: Governor

Nov 25, 2016 (LBO) - Sri Lanka must aim for sustainable as well as inclusive growth, Central Bank Governor Indrajit Coomaraswamy said on Thursday, speaking to …

Sri Lanka to welcome first National Cooperative Policy framework

Nov 25, 2016 (LBO) - Sri Lanka is set to welcome its first National Cooperative Policy framework backed by the International Labour Organisation (ILO). There …

Sri Lanka balances investments across India, China and Japan: official

Nov 23, 2016 (LBO) - Sri Lanka is internationalizing key investments in infrastructure across three Asian nations India, China and Japan, a government official …

Sri Lanka nation-wide inflation accelerates to 5-pct in October

Nov 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose to 5.0 percent in October from the 4.7 percent reported …

ADB to support infrastructure reforms, revenue is key challenge

Nov 21, 2016 (LBO) - Further structural reforms are needed to strengthen the Sri Lankan economy, which has been slow to attract private investment and is …