Central Bank introduces new primary issuance system for T-bonds
July 25, 2017 (LBO) – Sri Lanka’s Central Bank is to introduce a new primary issuance system for Treasury bonds. Effective from July 27, 2017, the new …
Economy & Markets
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Presidential Commission on Bonds extended further by 3 months
July 25, 2017 (LBO) – Sri Lanka’s President has extended the time period of the Presidential Commission of inquiry to investigate and inquire into the …
Arguing against globalization is like disagreeing with the law of gravity
July 25, 2017 (LBO) - Muhammad bin Ibrahim, governor Bank Negara Malaysia, referring a famous quote by Kofi Annan in his opening remarks at IMF joint …
Sri Lanka’s average inflation remains at 18-month high in June
July 24, 2017 (LBO) – Sri Lanka’s annual average inflation remained at a more than 18-month high of 6.1 percent in June, unchanged from a month ago. buy …
Sri Lanka’s economy to bounce back in 2017 and accelerate in 2018: IMF
July 24, 2017 (LBO) - The International Monetary Fund (IMF) forecasts Sri Lankan economy to rebound in 2017 and accelerate in 2018, despite the lower than …
National Challenges to be discussed at Sri Lanka Economic Summit
July 24, 2017 (LBO) - Sri Lankan Government ministers, opposition parliamentarians and advisers will discuss current national challenges faced by the country …
World Economic Outlook on track, emerging economies to see sustained pickup: IMF
July 24, 2017 (LBO) - The pickup in global growth anticipated in the April World Economic Outlook remains on track, with global output projected to grow by …
Dollar falls to more than year lows on delayed Trumponomics
July 24, 2017 (LBO) - The U.S. dollar fell to levels seen more than an year ago with President Donald Trump failing to deliver on tax cuts and infrastructure …
Sri Lanka income tax bill to parliament by August
July 21, 2017 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera said he is expecting to present the new income tax act to parliament in August and and …
Travel goods from Sri Lanka to receive duty free entry to US
July 21, 2017 (LBO) – Export of travel-related products from Sri Lanka will enjoy duty free entry to the United States following a decision by the US …
One third of Sri Lankan family firms don’t have a succession plan: survey
July 20, 2017 (LBO) – The Sri Lanka Institute of Directors and global strategy consulting firm Stax, highlighting their 2017 Family Business Survey, says 32 …
Cocaine detected by employees of Lanka Sathosa in container
July 20, 2017 (LBO) - A haul of 150 Kg of cocaine has been detected by employees of Lanka Sathosa in a container addressed to CWE (Sathosa) on Wednesday. …
Dumindra Ratnayaka appointed chairman of BOI: Reports
July 18, 2017 (LBO) – Dumindra Ratnayaka has been appointed as the chairman of the Board of Investment (BOI) of Sri Lanka, media reports said. He is the only …
Sri Lanka stock market records 8-pct gain in 1H
July 18, 2017 (LBO) – The benchmark All Share Price Index of the Colombo Stock Exchange (CSE) recorded an 8.23 percent gain year-to-date, a noteworthy …
IMF completes second review, to disburse USD167.2 mln
July 18, 2017 (LBO) - The Executive Board of the International Monetary Fund (IMF) has completed the second review of Sri Lanka’s economic performance under …
New revenue Bill should be implemented from April 2018: Ceylon Chamber
July 17, 2017 (LBO) – Ceylon Chamber of Commerce says it is their view that the new Inland Revenue Bill, once enacted, should ideally be implemented from 1st …
Sri Lanka prepares for 7th session of FTA talks with China
July 17, 2017 (LBO) - Sri Lanka is preparing for a seventh session of talks with China on a Free Trade Agreement, the Ministry of Industry and Commerce said. …
Bangladesh’s first ever FTA will be with Sri Lanka later this year
By P.K. Balachandran Bangladesh’s first-ever FTA will be with Sri Lanka and that is expected to signed by year end, Bangladesh’s Foreign Secretary Mohmmad …