Sri Lanka to prepare 2018 budget on performance basis
July 05, 2017 (LBO) – Sri Lanka’s Finance Ministry is to prepare budget 2018 in line with performance-based budgeting according to the midterm budget …
Economy & Markets
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New trade policy can help to reduce anti-export bias: World Bank
July 05, 2017 (LBO) - Sri Lanka has grown rapidly in the past but the non-tradable drivers of such growth are unlikely to remain adequate for inclusive and …
A Japanese delegation raises concerns over Sri Lanka’s ad-hoc tax changes
July 04, 2017 (LBO) – A Japanese business delegation has requested that Sri Lanka's finance minister gives them at least six months notice prior to the …
Sri Lanka to conduct labour demand survey this month
July 04, 2017 (LBO) – Sri Lanka’s statistics office is to conduct a labour demand survey in the country this month to compile statistics that includes …
Sri Lanka launches FDI road map, reforms key: Prime Minister
July 04, 2017 (LBO) - Sri Lanka's Prime Minister said that the island needs to fast track reforms as part of ambitious efforts to be ranked at least 70th in …
Sri Lanka Eco Summit to discuss ‘Walking the Talk’ for Greener Growth
July 03, 2017 (LBO) - The Importance of Sri Lankan businesses aligning its growth plans with greener practices to help develop a ‘sustainable era,’ will be …
Sri Lanka’s new revenue law to help credit profile: Moody’s
July 03, 2017 (LBO) – Sri Lanka’s new Inland Revenue Act will contribute to increasing the country’s very low level of government revenues, a key …
Sri Lanka enters USD34mln financing for smallholder agribusiness
July 03, 2017 (LBO) - International Fund for Agricultural Development (IFAD) and the Government of Sri Lanka have signed a financial agreement for the …
GSP Plus could add USD350 mln in export revenue, improve FDI: Min
July 03, 2017 (LBO) - GSP plus eligibility could add 350 million dollars in export revenue to Sri Lanka, while increasing potential for FDI, the minister for …
Sri Lanka licensed banks to adopt minimum capital standards from July
Commencing 01 July 2017, licensed banks in Sri Lanka will adopt minimum capital standards based on the Direction issued by the Central Bank of Sri Lanka in …
Sri Lanka CCC appoints Rajendra Theagarajah as new chairman
June 30, 2017 (LBO) - The Ceylon Chamber of Commerce appointed Rajendra Theagarajah as its new Chairman during its 178th AGM held in Colombo, Thursday. …
Reforms in Sri Lanka urgent but need to limit cost to the poor: WB
June 30, 2017 (LBO) - Sri Lankan government led reforms to improve competitiveness, maintain macro-fiscal stability and strengthen institutions, with broad …
Revised rules on minimum public holding takes effect from July: SEC
The Securities and Exchange Commission of Sri Lanka (SEC) has instructed the Colombo Stock Exchange (CSE) to commence enforcement in respect of its …
Sri Lanka appoints Dumith Fernando to CSE Board
June 29, 2017 (LBO) - Sri Lanka's Colombo Stock Exchange said it appointed Dumith Fernando as a Director of its board at its Annual General Meeting in place …
Sri Lanka USD515mn development bond oversubscribed
June 28, 2017 (LBO) – The issue of Sri Lanka development bonds amounting to 515 million US dollars has been oversubscribed with close to 1 billion US dollars …