Sri Lanka signs MoU with Korean firm for LRT feasibility
Nov 23, 2017 (LBO) - Sri Lanka's Ministry of Megapolis and Western Province Development signed and Memeorendum of Understanding with South Korean firm Seoyoung …
Economy & Markets
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ADB to give USD 350Mn for power and road projects
Nov 23, 2017 (LBO) - Sri Lanka's Govenment and has entered into two loan agreements with Asian Development Bank (ADB) to borrow 150 million US dollars to …
National consumer price inflation up to 8.8-pct in October
Nov 22, 2017 (LBO) - Sri Lanka's national consumer price inflation (year on year) is up to 8. online pharmacy buy abilify with best prices today in the USA 8 …
Sri Lanka to double FDI to USD1.5Bn in 2017 : BoI Chief
Nov 21, 2017 (LBO) - Sri Lanka is targeting 1.5 billion US dollars worth of foreign direct investments (FDI) for 2017, a doubling from last year, a senior …
Sri Lanka’s new Foreign Exchange Act comes into effect
Nov 20, 2017 (LBO) – Sri Lanka’s new Foreign Exchange Act No 12 of 2017 has come into effect from today.buy nolvadex online buy nolvadex online no …
Sri Lanka’s Brandix signs Joint Venture agreement with Best Pacific of Hong Kong
Nov 20, 2017 (LBO) - Sri Lanka's Brandix has signed a joint venture agreement with Best Pacific of Hong Kong to produce synthetic fabric and webbing in the …
Fitch Ratings assigns LB Finance A- (lka)/Stable) rating for debentures
(PRESS RELEASE) - Fitch Ratings has assigned LB Finance PLC's (LB; A- (lka)/Stable) proposed senior unsecured and subordinated debentures final National …
Finance Minister says budget aims at fast tracking liberalization
Nov 17, 2017 (LBO) – Sri Lanka’s Finance Minister said they are aiming at fast tracking liberalisation with legislative reforms as they have identified …
Sri Lanka plans to reduce debt to GDP ratio to 70-pct by 2020
Nov 16, 2017 (LBO) - The government has endeavored to reduce its debt to a risk-free and manageable level through revenue enhancement and mobilization efforts, …
CSE to conduct a full day of trading from the Disaster Recovery site
(PRESS RELEASE) - The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery site using ATS Version 7 Disaster …
Sri Lanka needs to strengthen women’s work force to achieve growth and equity goals
Nov 16, 2017 (LBO) - Removing barriers to women’s paid work will encourage more Sri Lankan women to participate in the workforce, a new World Bank report …
Janashakthi Insurance records growth of 12.4-pct upto Sept
Nov 15, 2017 (LBO) - Janashakthi Insurance PLC (Janashakthi) reported a consolidated Gross Written Premium (GWP) of 11.047 billion rupees for the nine months …
Sri Lanka to give Rs.15Bn as concessionary loans to target sectors: Finance minister
Nov 15, 2017 (LBO) - The Ministry of Finance says that it will create a credit scheme with the allocation of 15 billion rupees in target sectors for low …
Sri Lanka Budget Keeps to IMF Plan But Fiscals Still Weak: Fitch
Nov 14, 2017 (LBO) - Fitch Ratings says Sri Lanka's budget for 2018 sticks broadly to the targets for fiscal deficit reduction under its three-year IMF …
EU gives Rs.5.4Bn to reduce poverty in Uva and Central Provinces
Nov 14, 2017 (LBO) – The European Union will contribute 5.4 billion rupees to reduce poverty in the Uva and Central provinces by improving the income of poor …
Hemas achieves revenue growth of 11.6-pct
(PRESS RELEASE) - Hemas Holdings PLC (HHL) and its subsidiaries achieved consolidated revenue of Rs.23.0 billion, a year-on-year (YoY) growth of 11.6% and …
PCs should tax businesses with quarterly income up to Rs3mn: FC
Nov 13, 2017 (LBO) – Sri Lanka’s Finance Commission (FC) has recommended that Provincial Councils should be allowed to collect taxes from business entities …
Ceylon Chamber welcomes 2018 Budget; urges effective implementation
Nov 13, 2017 (LBO) – Ceylon Chamber of Commerce said the proposed 2018 Budget progresses the recent economic policy visions of the government despite …
Sri Lanka official reserves improve to USD7.5bn by end October
Nov 13, 2017 (LBO) – Sri Lanka’s gross official reserves have improved to 7,489.98 million US dollars by end October from 7,288. online pharmacy buy …
Sri Lanka’s RIL Property acquires 30-pct stake in United Motors Lanka
Nov 13, 2017 (LBO) - RIL Property PLC announced on the Colombo Stock Exchange that it acquired a 30 percent stake in United Motors Lanka PLC from the …