Sri Lanka raises USD1.5 bil in international sovereign bond
May 05, 2017 (LBO) - The Central Bank of Sri Lanka, on behalf of the government, has successfully priced a 1.5 billion dollar 10-year International Sovereign …
Economy & Markets
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Sri Lanka trade gap widens 35-pct in Jan; fuel imports up 102-pct
May 05, 2017 (LBO) – Sri Lanka’s exports dropped 3. online pharmacy buy spiriva inhaler with best prices today in the USA 8 percent to 865 million dollars …
RTI can be game changer in Sri Lanka’s path to prosperity: World Bank
May 05, 2017 (LBO) - Sri Lanka's newly enacted Right to Information (RTI) Act if used effectively can be key for the country’s transition to upper-middle …
SriLankan Airlines posts Rs6.5bn loss for 2016/17
May 04, 2017 (LBO) – SriLankan Airlines has recorded an unaudited group loss of 6. buy cenforce online …
Registration fee for private companies slashed by 73-pct
For the first time in Sri Lanka’s corporate history, heavy fees levied for registering a new Company, has been scrubbed by the government in a big …
Ray Abeywardena appointed as new chairman at CSE
The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Mr. Ray Abeywardena as the Chairman of the Board of Directors of the CSE with effect …
Fitch assigns Sri Lanka’s dollar bond B+ (EXP) rating
May 04, 2017 (LBO) – Fitch Ratings has assigned Sri Lanka's upcoming US dollar-denominated bonds an expected rating of B+(EXP). The rating agency said the …
Sri Lanka to unveil massive incentives for large investments
May 04, 2017 (LBO) – Sri Lanka’s proposed Inland Revenue Act plans to include investment incentives which provide massive depreciation allowances for …
Cabinet approves Inland Revenue, NBT Acts, revision of cess levy
May 04, 2017 (LBO) - Sri Lanka's cabinet has given the go ahead to gazette and present in Parliament the new Inland Revenue Bill, as proposed in budget 2016. …
Sri Lanka proposes three-tier corporate tax structure
May 04, 2017 (LBO) – Sri Lanka’s new Inland Revenue Act seeks to introduce a three-tier simplified tax structure for corporate entities. Higher rate of 40 …
France to provide 30 mil euros for green energy in Sri Lanka
May 04, 2017 (LBO) - Sri Lanka will enter into a loan agreement with the French Agency for Development (AFD) to fund projects for green energy development and …
IMF reaches staff-level agreement, eyes on Inland Revenue Act
May 04, 2017 (LBO) - An IMF team has reached staff-level agreement with Sri Lankan authorities on the second review under a three-year Extended Fund Facility …
Supreme Court declares forex bill consistent with constitution
May 03, 2017 (LBO) – Speaker Karu Jayasuriya today informed Parliament that the Supreme Court has declared that the proposed foreign exchange bill is not …
R I L Property records Rs.1.1bn Profit After Tax for the Financial Year 2016/17
(PRESS RELEASE) - R I L Property Limited (RIL), which recently concluded its successful IPO, has recorded a Group Profit After Tax of Rs. 1.1 Bn for the …
John Keells to encourage innovators with Open Innovation Challenge
May 02, 2017 (LBO) - Sri Lanka's blue chip John Keells Holdings plans to boost local creative and intellectual talent with the launch of its second John Keells …
Sri Lanka vehicle registrations rebound to 39,173 units in March: JB Securities
May 02, 2017 (LBO) - Total vehicle registrations in Sri Lanka recorded 39,173 units in March, significantly up from 30,036 the previous month, with a rebound …
EU Parliament rejects motion to deny GSP+ for Sri Lanka
Apr 27, 2017 (LBO) – Sri Lanka won the vote in Brussels by 436 against and 119 in favor for the motion to deny GSP plus for Sri Lanka. A group of EU …
Next IMF tranche by June, reserves comfortable by year end: Ravi
Apr 27, 2017 (LBO) - Sri Lanka's Finance Minister said he was optimistic about talks on reaching a staff level agreement with the International Monetary Fund …
Higher growth for Sri Lanka will depend on addressing structural issues: CB
Apr 27, 2017 (LBO) - Sri Lanka's economic performance in 2016 reconfirmed the necessity of addressing deep rooted structural issues, in order to enable the …