Sri Lanka – Pakistan move towards stronger ties; Signs three MoU’s
Mar 26, 2018 (LBO) - Sri Lanka and Pakistan have pledged to move forward to achieving economic prosperity while further strengthening the long standing …
Economy & Markets
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IFC to loan USD 15Mn to Senkadagala Finance
Mar 23, 2018 (LBO) - Sri Lanka’s Senkadagala Finance will get loan of up to US15 million dollars from the International Finance Corporation (IFC), a …
Opinion: Economic reforms in Sri Lanka: Salvation or a recipe for inaction?
By Kithmina Hewage & Harini Weerasekera Economic reforms have become an urgent need for Sri Lanka, with successive governments since independence, …
Sri Lanka inflation down to 3.2-pct in Feb 2018
Mar 22, 2018 (LBO) - Sri Lanka's National Consumer Price Index (NCPI) slowed to 3.2 percent in February 2018 from 5. online pharmacy buy abilify with best …
Government to borrow up to USD300mn from banks in 1Q 2018
Mar 21, 2018 (LBO) – Cabinet approval has been granted on Tuesday to obtain up to a maximum of 300 million US Dollars from banks. Accordingly, Government …
Orion City and Dialog partner to build High Density Data Centre
Mar 21, 2018 (LBO) - Sri Lanka’s Dialog Axiata Group announced a joint venture partnership with Orion City to build and manage the island’s first ever …
Sri Lanka economy grew 3.1-pct in 2017: Statistics Dept.
Mar 20, 2018 (LBO) – Sri Lanka’s statistics office says economic growth rate for the year 2017 has been estimated as 3.1 percent. Agriculture, Industry, …
Data is the lifeblood of decision-making
Mar 20, 2018 (LBO) - Data is the lifeblood of decision-making, without which policy makers are unable to make informed, effective and evidence-based decisions …
Business mission from New Zealand to arrive in April
Mar 20, 2018 (LBO) – A group of 20 delegates representing 13 innovative New Zealand companies will arrive in Colombo on 2nd April for a 3-day visit to …
Sri Lanka must enhance fiscal income to offset narrowing external drains: Fin Min
Mar 19, 2018 (LBO) - Sri Lanka's Finance minister says the island must optimize utilizing local resources with a well-managed and efficient tax system as a …
Sri Lanka official reserves rebound to USD7.9bn in February
Mar 16, 2018 (LBO) – Sri Lanka’s gross official reserves have improved to 7,914.33 million US dollars by the end of February from 7,672.75 million dollars …
Sri Lanka’s Koggala EPZ earns USD122 Mn in 2017
Mar 14, 2018 (LBO) - The Board of Investment's (BoI) Koggala Export Processing Zone (KgEPZ) contributed US 122 million dollars worth of exports earnings in …
Sri Lanka to get USD100Mn from India for solar projects
Mar 14, 2018 (LBO) - The Indian government announced a Line of Credit for US 100 million dollars to finance solar power projects in Sri Lanka, during a visit …
Reforms have progressed but vulnerabilities remain: IMF Staff Mission
Mar 11, 2018 (LBO) – Despite weather-related shocks and some delays in implementation, program performance remains broadly on track, said IMF Staff Mission …
Laugfs Gas restructures to create opportunities for investors and foster growth
Mar 07, 2018 (LBO) - Sri Lanka's a Laugfs Gas PLC announced a strategic restructuring to consolidate dominance in energy operations and create opportunities …
Ravi Dadlani to lead CEAT Kelani JV as new Managing Director
CEAT Kelani Holdings has announced the appointment of Mr Ravi Dadlani as Managing Director of the company with effect from 1st March 2018. PreviouslyVice …
Not expecting rise in domestic interest rates: CB
Mar 05, 2018 (LBO) - Sri Lanka's Central Bank responding to misleading news reports said it is not expecting a rise in domestic interest rates in the period …
Sri Lanka PM reiterates island on track for economic prosperity
Mar 05, 2018 (LBO) - Sri Lanka's Prime Minister Ranil Wickremesinghe said that the island is on the path of becoming an attractive place for business in South …
SLT group EBITDA improved by 5.4-pct, increasing depreciation affected bottom line
Sri Lanka Telecom (PLC) released its Group and Company financial performance 2017 today. The group comprised of 8 subsidiaries including Mobitel (Pvt) Ltd. …
Sri Lanka, a cautionary tale about over-reliance on China: OBG
Mar 02, 2018 (LBO) – Sri Lanka, perhaps, provides the most cautionary tale from their Asia-Pacific markets about over-reliance on China-backed infrastructure …