Politics kills South Asian economic integration: Economist
Sept 20, 2017 (LBO) - Placing political interests above economic interests has stymied the progress of multilateral regional cooperation in South Asia, an …
Economy & Markets
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Singer Sri Lanka rating unaffected by shareholder change: Fitch
Sept 20, 2017 (LBO) - Sri Lanka's Hayleys PLC's acquisition of a controlling stake in Singer (Sri Lanka) PLC (Singer, A-(lka)/Stable) is neutral for Singer's …
PUCSL warns of shortcomings in Sri Lanka’s power supply : Report
Sept 20, 2017 (LBO) - Public Utilities Commission of Sri Lanka (PUCSL), the island's power regulator has warned of serious consequences to be expected and …
Sri Lanka’s GDP up 4-pct in 2Q 2017
Sept 18, 2017 (LBO) - Sri Lanka's economy grew by 4 percent in the second quarter of 2017, up from 3.8 percent in the earlier quarter. Issuing a statement the …
Palihapitiya raises USD600 mln in IPO for tech investments
Sept 15, 2017 (LBO) - Chamath Palihapitiya, founder of the venture-capital firm Social Capital, has launched a new "blank-check" company in partnership with …
Brandix named Sri Lanka’s Exporter of the Year for 5th successive year
Sept 15, 2017 (LBO) - The Brandix Group has topped Sri Lanka’s ranking of exporters for the fifth consecutive year in 2016 to be declared the country’s …
Sri Lanka govt expects to borrow Rs1.8 trillion in Budget 2018
Sep 13, 2017 (LBO) – Sri Lanka’s total borrowing requirement from both foreign and local sources for next year will be 1,813 billion rupees, a cabinet …
PUCSL seeks public views on electric vehicle charging stations
Sept 13, 2017 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, said it is seeking public views on issues related …
CSE and SEC to host next Invest Sri Lanka Forum in New York
(PRESS RELEASE) - The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri …
Sri Lanka’s Singer and Hayleys issued trading halt
Sept 13, 2017 (LBO) - The Colombo Stock Exchange said that a trading halt has been issued on Singer (Sri Lanka) Plc, and Hayleys, Wednesday.buy cipro online …
Sri Lanka’s export problem is not concentration but composition: Verité
Sept 13, 2017 (LBO) - Sri Lanka's export product composition is heavily concentrated in the United States and the United Kingdom while having very limited …
Sri Lanka to pilot flexible working hours this month
Sept 12, 2017 (LBO) - Sri Lanka plans to pilot flexible working hours for public servants in Battaramulla commencing 18th September, an official said. online …
Sri Lanka’s Hemas Pharmaceuticals goes regional with distribution in Myanmar
Sept 12, 2017 (LBO) - Hemas Pharmaceuticals, a pharmaceutical importer and distributor in Sri Lanka, has ventured into regional shores with its entry into …
Sri Lanka’s new revenue law augments govt revenue: Moody’s
Sep 11, 2017 (LBO) – Sri Lanka’s newly revised Inland Revenue Act will augment the country’s very low level of government revenues, Moody’s said. Vice …
Sri Lanka and India commit to stronger bilateral relations
Sept 11, 2017 (LBO) - Sri Lanka's Foreign Minister Tilak Marapana met with Indian Prime Minister Narendra Modi to convey greetings of Sri Lanka's President and …
Inland Revenue bill passed in Parliament with amendments
Sep 07, 2017 (LBO) – Third reading of the Inland Revenue bill passed in Parliament with amendments, a short while ago. The bill received 90 votes in favour …
Sri Lanka expects Rs45bn additional tax revenue from new bill: FM
Sep 07, 2017 (LBO) – Sri Lanka is expecting 45 billion rupees additional tax revenue through the new Inland Revenue Bill, the finance minister said, speaking …
Sri Lanka Inland Revenue bill to Parliament today
Sep 07, 2017 (LBO) - Sri Lanka’s Finance Minister will present the new income tax bill to Parliament on seventh of September, the ministry said issuing a …
Aloysius passed on sensitive bond information: report
Sept 06, 2017 (LBO) - Recordings of conversations between Arjun Aloysius and CEO of Perpetual Treasuries Kasun Palisena show that Aloysius had passed on …
