Sri Lanka needs to create an environment that rewards investment: Harvard economist
Feb 14, 2018 (LBO) - Sri Lanka should move towards a simpler tariff structure, and implement direct taxes on things like income and property to maintain …
Economy & Markets
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Sri Lanka’s Industrial production up 4.3-pct in Dec 2017
Feb 14, 2018 (LBO) - Sri Lanka's industrial production has increased by 4.3 percent in the month of December, 2017 compared to the same month in 2016, latest …
Sri Lanka’s RIL Property goes for Rs.1.6Bn Rights Issue
Feb 14, 2018 (LBO) - RIL Property Plc said they will be raising 1.6 billion rupees through one for three Rights Issues to settle part of the long-term loan …
Sri Lanka – Iran sign mutual cooperation deal
Feb 13, 2018 (LBO) - Iran and Sri Lanka have inked a deal for further cooperation between the two nation in the areas of trade and economy. The agreements …
Hayleys sees strong 9-month top line growth, Turnover up to Rs.112.3Bn
Strong top line performances across the Hayleys Group and the addition of recent strategic acquisitions resulted in a 37% YoY increase in turnover up to Rs. …
Hemas Holdings posts consolidated revenue of Rs.35.6Bn
Hemas Holdings PLC and its subsidiaries reported consolidated revenue of Rs.35.6 billion; a year-on-year (YoY) growth of 11.4% and profit attributable to …
Auditor General reveals Rs826bn off balance sheet items of previous regime
Feb 09, 2018 (LBO) – Auditor General’s Department has found out that 826 billion rupees received during Rajapaksa regime, had not been included in the …
Sri Lanka debt sustainability: public debt Rs8.9tn; assets Rs1.1tn
Feb 09, 2018 (LBO) – Auditor General's Department says even if the total amount of domestic and foreign debt payable by the government as at 31 December 2016 …
Sri Lanka Central Bank issues clarification on media reports over Government debt
Feb 09, 2018 (LBO) - The Central Bank of Sri Lanka (CBSL) in reply to media reports on debt says it compiles and publishes central Government debt based on its …
Colombo Stock Exchange records Rs4bn in net foreign purchases last month
CSE Feature Interview: CSE records strongest ever start to a year in terms of Foreign Investment Record breaking foreign investment in the Sri Lankan stock …
Japan confident of Sri Lanka’s Biz climate
Feb 08, 2018 (LBO) - A Japanese business delegation, including chief executive officers and leading officials of some of the largest companies is visiting Sri …
Fitch confirms Sri Lanka ‘B+’ rating
Feb 07, 2018 (LBO) - Fitch Ratings has confirmed Sri Lanka's 'B+' rating with a stable outlook, saying revised policy framework supports the islands …
RIU to host UK-Sri Lanka Investor Forum for 3rd consecutive year in London
Colombo, Sri Lanka - The Research Intelligence Unit will be hosting its annual edition of RIU Investor Forum on Thursday May 17 2018 at the Sri Lanka High …
Top investment bank Lazard to help Sri Lanka divest non-strategic assets
Feb 05, 2018 (LBO) – World’s top advisory and asset management firms, Lazard has shown interest in Sri Lanka, with a visit this week by an international …
Sri Lanka’s Hatton Plantations starts trading on CSE
Feb 02, 2018 (LBO) - The shares of Hatton Plantations Ltd (CODE: HPL) commenced trading on the Colombo Stock Exchange (CSE) today. The shares, which were …
Jack Ma’s Alibaba partners with Sri Lanka’s Supreme Global Holdings
Feb 02, 2018 (LBO) - Supreme Global Holdings, and Alibaba Group owned "Alitrip" which is now called "Fliggy", launched the "Sri Lanka Pavilion" in "Fliggy's …
Sri Lanka Budget Openness, amongst lowest ranked countries in South Asia
Jan 31, 2018 (LBO) – Sri Lanka’s budget openness in the latest survey has scored 44 out of 100, coming in next to last in South Asia, tied with Pakistan. …
Australia provides Rs.3,850Mn in grant assistance for governance initiatives
Jan 30, 2018 (LBO) - Sri Lanka and Australia signed a subsidiary arrangement for grant assistance to work together on strengthening governance through a …
Sri Lanka-Singapore FTA is credit positive for both sovereigns: Moody’s
Jan 29, 2018 (LBO) – Moody’s Investors Service expects that the Sri Lanka-Singapore Free Trade Agreement will enhance the cross-border trade of goods and …
Sri Lanka achieves highest ever FDI of USD1.63bn in 2017
Jan 28, 2018 (LBO) – Foreign Direct Investment (FDI) into Sri Lanka has grown to over 1.63 billion US dollars in 2017, doubling the 802 million dollars …