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 …
Economy & Markets
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Tax reforms would help SL rating outlook back to stable: Moody’s
July 14, 2017 (LBO) – Evidence of effective implementation of reforms that leads to significant and lasting improvements in tax collection, and more stable …
National Export Strategy to be implemented with budget 2018: Advisor
July 13, 2017 (LBO) – Sri Lanka’s proposed National Export Strategy will be implemented with the budget of 2018, a senior official at the International …
World Bank doubles assistance to Sri Lanka over next three years
July 13, 2017 (LBO) - Sri Lanka will receive US1,340 million dollars in financial and technical assistance through a transitional support facility of the …
CSE records second highest yearly foreign inflow
July 12, 2017 (LBO) – Sri Lanka’s Colombo Stock Exchange has recorded the second highest-ever yearly net foreign inflow of 22.8 billion rupees, the …
Sri Lanka cuts export earnings target to USD18bn by 2020
July 12, 2017 (LBO) – Sri Lanka is currently looking at a target for export earnings of 18 billion US dollars by 2020, State Minister of International Trade …
Sri Lanka’s new Inland Revenue Act will be investor friendly: Finance Minister
July 12, 2017 (LBO) - Sri Lanka's Finance Minister says the main objective of the new Inland Revenue Bill is to simplify the tax system in order to create an …
Sri Lanka’s foreign debt USD25.6bn by April: Mid Year Fiscal Report
July 10, 2017 (LBO) – Sri Lanka’s total outstanding external debt was 25.61 billion US dollars (Rs3,886bn) by the end of April 2017, up from 23.1 billion …
SriLankan Airlines, CEB, CPC record Rs30bn loss in first 4 months
July 10, 2017 (LBO) – State-owned carrier Sri Lankan Airline, main power supplier Ceylon Electricity Board and Ceylon Petroleum Corporation together have …
India will move on ETCA at a pace set by Lanka: envoy
By P.K. Balachandran Assuaging fears that India is set to “impose” an Economic and Technical Cooperation Agreement (ETCA) on Sri Lanka, the Indian High …
Sri Lanka foreign reserves up 3-pct in June
July 07, 2017 (LBO) – Sri Lanka’s official foreign reserves climbed three percent (USD193.9mn) to 6.9 billion dollars in June, official Central Bank data …
Mannar identified for major tourism development: Ministry
The Ministry of Tourism Development has identified Mannar District for major tourism infrastructure development projects.buy flagyl online buy flagyl online no …
Sri Lanka’s exports +11.9 pct, trade gap +7.8 pct in April
July 07, 2017 (LBO) – Sri Lanka’s exports rose 11.9 percent to 794.7 million US dollars in April, while imports rose 9. buy celexa online …
JICA provides Rs42bn loan for Kalu Ganga water supply expansion
A concessionary loan agreement for JPY 31,810 million (approx. Rs. 42,307 million) was signed on 7th of July 2017 between the Government of Sri Lanka and Japan …
Central Bank suspends business of Perpetual Treasuries for 6 months
July 06, 2017 (LBO) – The Monetary Board of the Central Bank of Sri Lanka on Thursday suspended Perpetual Treasuries Limited from carrying on the business …
ADB doubles its assistance to Sri Lanka to USD1bn
July 06, 2017 (LBO) – Asian Development Bank (ADB) has doubled its multi-sectoral assistance to Sri Lanka as a result of the merger of its two main windows …
Independence of Sri Lanka SEC should be extended: IOSCO review
July 06, 2017 (LBO) – The International Organization of Securities Commissions (IOSCO) says it has identified progress made by Sri Lanka’s securities …
IMF calls for reforms that address inequality, ahead of G20 meet
July 06, 2017 (LBO) - The International Monetary Fund has called for building of inclusive economies through structural reforms that lift incomes, ahead of the …
India’s top economic adviser to speak at SL Economic Summit
Dr. Arvind Subramanian, the Chief Economic Adviser of the Government of India, will attend as the keynote speaker of the Sri Lanka Economic Summit 2017 …
HNB Rights issue approved by shareholders at the EGM
(PRESS RELEASE) -The Extra Ordinary General Meeting(EGM) held by Hatton National Bank PLC with regard to the issuance of shares by way of a Rights Issue was …