Sri Lanka’s debt burden is higher than Ethiopia, Uganda & Ghana
Apr 09, 2018 (LBO) – Sri Lanka’s government revenue as a share of GDP is lower than many peers, while the government debt-to-GDP ratio is much higher, …
Economy & Markets
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Sri Lanka trade deficit expands over USD1bn in January; imports USD2bn
Apr 09, 2018 (LBO) – Sri Lanka’s trade deficit has expanded in January surpassing 1 billion US dollars for the second consecutive month due to significant …
Fitch Ratings doubles stake in Sri Lanka unit
Apr 05, 2018 (LBO) - Fitch Ratings has doubled its stake in itch Ratings Lanka Ltd. ,to approximately 89 percent through its acquisition of the equity …
Sri Lanka CB cuts policy rate ceiling by 25bps
Apr 04, 2018 (LB0) - Sri Lanka's central bank has decided to reduce the Standing Lending Facility Rate (SLFR), which is the upper bound of the policy interest …
Sri Lanka targets pharmaceuticals self-sufficiency with new zone
Apr 03, 2018 (LBO) – Efforts to increase domestic and foreign investment in Sri Lanka’s pharmaceuticals industry is set to boost output, Oxford Business …
New IR act most progressive in SA, Will bring in extra Rs.60Bn in revenue
Apr 03, 2018 (LBO) - Sri Lanka's Finance ministry says the government expects to earn a an additional revenue of 60 billion rupees each year through the new …
JO MP Balasuriya critical of active liability management bill
April 02, 2018 (LBO) - In a recent speech in Parliament, JO MP Tharaka Balasuriya highlighted some problematic technicalities in the Active Liability …
Sri Lanka post ushers money orders into the digital age with Sampath Bank
Apr 02, 2018 (LBO) - Sri Lanka's Department of Post with Sampath Bank unveiled e-Pay Mobile Cash, a service that leverages the wide spread network of post …
Invest more in people, or risk extinction: Oracle’s Dalal tells SLASSCOM Summit
Apr 02, 2018 (LBO) - No matter how successful companies are today, they may risk extinction if they fail to invest in their employees and won’t transform …
Central Bank to continue exchange of altered currency notes
Mar 30, 2018 (LBO) – Central Bank has decided to continue the service of exchange of willfully mutilated, altered and defaced currency notes from CBSL until …
Sri Lanka records 4-pct unemployment rate in 4Q 2017
The Department of Census and Statistics (DCS) Sri Lanka has released the results of the Sri Lanka labour force survey for the fourth quarter of 2017 (October, …
Thumps up from US on GSP for Sri Lanka and others
Mar 29, 2018 (LBO) - Sri Lanka will be regaining the United States Generalised System of Preferences (GSP) trade concession which expired on December 31, …
Central Bank of Sri Lanka launch’s revamped corporate website
Mar 29, 2018 (LBO) - The revamped corporate website of the Central Bank of Sri Lanka (CBSL) was launched by Governor Dr. buy neurontin online …
President gazettes Central Bank & SEC under Finance Minister
Mar 28, 2018 (LBO) – President Maithripala Sirisena has gazetted Central Bank and SEC under Finance Minister, few days ahead of the no-confidence motion …
Japan’s Orix sells Sri Lanka LOLC stake for Rs.12.8Bn
Mar 28, 2018 (LBO) – Sri Lanka’s LOLC Holdings, a firm controlled by Deputy Chairman Ishara Nanayakkara has purchased a 30 percent stake held by Japan’s …
India’s Mahindra and Sri Lanka’s Ideal Group in JV to assemble vehicles
Mar 28, 2018 (LBO) - Mahindra and Mahindra Ltd. (M&M) has announced the establishment of a Joint Venture (JV) with Ideal Motors Ltd. for assembling …
Sri Lanka to raise USD1000mn via ETFF to finance budget expenses
Mar 27, 2018 (LBO) – Government says it intends to raise a Foreign Currency Term Financing Facility (FTFF) denominated in US Dollars or Japanese Yen or Euro …
Sri Lanka’s Port of Colombo: 13th best connectivity in world
Mar 26, 2018 (LBO) - Port of Colombo has been ranked the 13th best connectivity port, up five places in the Drewry Port Connectivity Index for the 4th …
Potential challenges for Sri Lanka’s residential and retail markets beyond 2019: JLL
Mar 26, 2018 (LBO) - Sri Lanka's residential real estate sector, especially high end condominiums,faces over supply challenges, with the recent re-imposition …
Sampath Bank and Ustocktrade LK link to simplify investment in foreign securities
Mar 26, 2018 (LBO) - Sampath Bank PLC has entered into a Memorandum of Understanding (MoU) with Ustocktrade LK (Private) Ltd (ULPL) to enable investors pay …