US Pacific Command partners with Sri Lanka on oil spill management
Sept 21, 2016 (LBO) - Experts from the U.S. Pacific Command have provided training for disaster response counterparts from Sri Lanka and Maldives on responses …
Economy
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No liberalization of professionals under upcoming FTAs: Kelegama
Sept 20, 2016 (LBO) – Sri Lanka’s bilateral free trade agreements that are currently being considered have no liberalization of professionals, a senior …
New Zealand pledges to develop milk production in Sri Lanka
Sep 20,2016 (LBO) - New Zealand says that it will extend its full assistance to develop the milk production sector in Sri Lanka, the finance ministry said in a …
Central Bank to introduce repo transactions on electronic platform
Sept 19, 2016 (LBO) – Sri Lanka’s Central Bank is considering introducing the repurchase and reverse repurchase transactions to the Bloomberg electronic …
Sri Lanka GDP expands 2.6-pct in second quarter 2016
Sept 15, 2016 (LBO) – Sri Lanka’s economy expanded 2.6 percent in the second quarter of 2016 from a year earlier, led by services activities, the state …
Sri Lanka to set up a special unit for economic development
Sep 14, 2016 (LBO) - Sri Lanka's cabinet has approved obtaining the assistance of the Mackenzie Institute of USA to set up a Central Programme Management Unit …
Sri Lanka revises VAT threshold for wholesale & retail trade
Sept 14, 2016 (LBO) – Sri Lanka’s cabinet has approved a new draft bill revising the VAT liable threshold for wholesale and retail trade, a cabinet …
Sri Lanka budget deficit to be 4.7-pct in 2017, FinMin tells IMF
Sep 14, 2016 (LBO) - Sri Lanka's Finance Minister said that the island plans on reducing the budget deficit to 4. online pharmacy buy doxycycline with best …
Sri Lanka’s cabinet approves VAT increase: State Finance Minister
Sept 13, 2016 (LBO) – Sri Lanka’s Cabinet has approved the VAT increase in principle as required by the Supreme Court judgment, State Finance Minister …
Sri Lanka’s unemployment 4.2-pct in first quarter 2016
Sep 13, 2016 (LBO) - Sri Lanka's unemployed is estimated as 349,686 during the first quarter 2016 and the unemployment rate was 4.2 percent, marginally down …
Sri Lanka foreign reserves up USD125mn in August: Central Bank
Sept 12, 2016 (LBO) – Sri Lanka’s official reserves rose 124.7 million US dollars to 6.6 billion dollars in August, up from 6.5 billion dollars end of …
Sri Lanka’s CCC and Police to discuss law enforcement matters
Sept 08, 2016 (LBO) - The Ceylon Chamber of Commerce, the National Police Commission and the Sri Lanka Police says they will will hold a seminar with the …
LBR LBO Infrastructure Summit 2016 to focus on transformative power of “Western Region Megapolis Project”
Sep 08, 2016 (LBO) - Leading local and foreign urban planners, legal experts, technology professionals, policy makers, academics, researchers and senior …
Opinion: Big banks exploit countries like Sri Lanka, probe finds
Sept 07, 2016 (LBO) - Big banks have turned to the powerful worldwide legal system and commandeered it for profit, exploiting countries like Sri Lanka in the …
Sri Lanka’s Finance Ministry denies resignation claims of treasury officials
Sept 06, 2016 (LBO) – Sri Lanka’s Finance Ministry on Tuesday denied recent media reports that there was a mass resignation and stepping down of directors …
Sri Lanka seals USD100mn credit from World Bank for economic reforms
Sep 05, 2016 (LBO) - Sri Lanka signed a 100 million US dollar credit from the International Development Association (IDA), an arm of the World Bank, today to …
Sri Lanka exports fell 5-pct in June, trade gap widens 6-pct
Sept 05, 2016 (LBO) – Sri Lanka’s exports fell 5.0 percent to 897 million US dollars in June 2016, while imports dropped a slower 0.2 percent to 1,676 …
Sri Lanka’s industrial production shows growth in May, June
Sept 05, 2016 (LBO) - Sri Lanka's index of industrial production showed a pick up in May and June, the Department for Census and Statistics said, in its …
Sri Lanka expected to hold rates steady in 2016: Stan Chart
(Corrected to reflect typo in report. USD/LKR seen at 152 by end 2017) Sept 02, 2016 (LBO) - Sri Lanka is expected to hold interest rates steady for the rest …
Sri Lanka’s CCPI inflation down 1.5-pct points in August 2016
Sept 01, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo accelerated 4.0 percent in August 2016 from a year earlier, down from 5.5 percent in …