Sri Lanka to develop labour, attract workers overseas: PM
Aug 12, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said that it is time for a new human resource policy to go hand in hand with the …
Economy
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Sri Lanka gets USD128mn ADB loan for water and waste water management
Aug 11, 2016 (LBO) - The Asian Development Bank (ADB) will give a 128 million US dollar loan for a greater Colombo water and wastewater management improvement …
Sri Lanka expects USD671mn BOP surplus for 2016: Finance Minister
Aug 11, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Thursday that the government expects 671 million US dollars worth …
Sri Lanka adopts Swiss procedure to handle unsolicited proposals
Aug 11, 2016 (LBO) – Sri Lanka’s cabinet on Tuesday decided to include the "Swiss challenge" procedure in the government procurement guidelines to be …
Sri Lanka cabinet approves Special Deposit Account Act for foreign nationals
Aug 10, 2016 (LBO) - Sri Lanka’s cabinet has decided to approve the Special Deposits Account Act to grant residency visas for foreign individuals who bring a …
Sri Lanka Supreme Court blocks bill raising VAT
Aug 09, 2016 (LBO) - Sri Lanka's Supreme Court has ordered parliament to stop considering a bill to raise value-added tax (VAT) because the drafting of the …
Sri Lanka exports fell 12-pct in May; trade gap widens 16-pct
Aug 09, 2016 (LBO) – Sri Lanka’s exports fell 12 percent to 776.3 million US dollars in May 2016, while imports rose 0.3 percent to 1,589.8 million US …
COPE presents interim report; bond report in two weeks
Aug 09, 2016 (LBO) – Sri Lanka’s Parliamentary Committee on Public Enterprises has presented its summarized interim report for the first 3 months of this …
Sri Lanka foreign reserves at USD6.5bn by end July: Central Bank
Aug 05, 2016 (LBO) – Sri Lanka’s official reserves were 6.48 billion US dollars at the end of July, up from 5.27 billion US dollars end of June, …
ETCA first round of negotiations starts soon: Indian High Commissioner
Aug 04, 2016 (LBO) – India’s High Commissioner in Sri Lanka Y. K. Sinha says that the first round of negotiations on the Indo-Sri Lanka Economic and …
Sri Lanka forging ahead with reforms for intra-Asia trade : PM
Aug 03, 2016 (LBO) - Sri Lanka’s Prime Minister Ranil Wickremesinghe says the Unity Government action plan is to introduce a large database of products and …
Sri Lanka’s private sector being too risk averse: Finance Minister
Aug 03, 2016 (LBO) - Sri Lanka's private sector is being too risk averse and now is the time to come forward with proposals, Finance Minister Ravi Karunanayake …
Implementation, delivery, execution key: Malaysia’s Pemandu CEO
Aug 02, 2016 (LBO) - Malaysia's model for economic growth in recent years has been driven by a focus on implementation, delivery and execution, Dato Sri Idris …
Expectations of economic management not being met: Razeen Sally
Aug 02, 2016 (LBO) - After 18 months of Sri Lanka's new administration, expectations that proper economic management would be in place are going unmet, Prof …
Sri Lanka’s exports lagging in Asia: Governor
Aug 02, 2016 (LBO) - Sri Lanka's exports, as a percent of GDP, fall far below other countries in the region, Central Bank Governor Indrajit Coomaraswamy said …
Sri Lanka in investor spotlight, as new era dawns: OBG
(PRESS RELEASE) - Sri Lanka’s plans to boost foreign direct investment through a raft of pro-business policies and incentives are mapped out in a landmark …
Sri Lanka motor vehicle imports fell 29-pct in April; trade gap shrinks
Aug 01, 2016 (LBO) – Sri Lanka’s exports fell 0.9 percent to 706.6 million US dollars in April 2016, while imports fell at a faster 2.0 percent to 1,460.9 …
Deshal explains what is wrong with Sri Lankan economy
Aug 01, 2016 (LBO) – Sri Lanka’s most urgent economic risk is external debt sustainability and it has been one driving factor behind macroeconomic …
World Bank approves USD100 mln to support govt’s economic reforms
Aug 01, 2016 (LBO) - The World Bank Board has approved a 100 million dollar credit from the International Development Association (IDA) to support the …
Sri Lanka’s CCPI inflation down 0.5-pct points in July 2016
July 29, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 5.5 percent in July 2016 from a year earlier, down from 6.0 percent in …