IMF expects global economy to perform better this year
Apr 11, 2017 (LBO) - The International Monetary Fund expects the global economy to perform better this year and next year compared with 2016, but it has …
Economy & Markets
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Asia to deliver 60-pct of global growth, South Asia fastest growing: ADB
Apr 07, 2017 (LBO) - Growth is picking up in two-thirds of economies in developing Asia, supported by higher external demand, rebounding global commodity …
Sri Lanka removes ad-hoc tax concessions; new incentives for SMEs
Apr 05, 2017 (LBO) – Sri Lanka’s Finance Ministry has removed ad-hoc and unproductive tax concessions offered by various agencies and under various regimes …
Sri Lanka’s Mobitel appoints Nalin Perera as CEO
(PRESS RELEASE) - Nalin Perera has been appointed as Chief Executive Officer (CEO) of Mobitel (Pvt.) Ltd. He started his career at Mobitel in 2001 as General …
India’s Asian Paints acquires Causeway Paints for Rs9 bln
Apr 04, 2017 (LBO) - Asian Paints subsidiary Berger International has acquired Sri Lanka’s Causeway Paints in an all-cash deal of 3. online pharmacy buy …
Sri Lanka vehicle registrations fall further in February: JB Securities
Apr 03, 2017 (LBO) - Sri Lanka vehicle registrations in February fell sharply on the back of measures to tighten credit, with motor car registrations recording …
Sri Lanka govt’s constitutional reform communication unsuccessful: CPA poll
Apr 03, 2017 (LBO) - Sri Lanka's Centre for Policy Alternatives’ latest opinion poll on constitutional reforms shows that 55 percent of those polled believe …
Sri Lanka Dec quarter listed company earnings +5 pct: First Capital
Apr 03, 2017 (LBO) - Earnings of Sri Lanka's listed companies grew 5 percent, year-on-year, during the December quarter supported by the banking and …
Sri Lanka’s Merchant Bank to raise Rs2bn in listed debenture
Apr 03, 2017 (LBO) – Merchant Bank of Sri Lanka and Finance is planning to raise as much as two billion rupees from a sale of debenture which will be quoted …
Huawei announces FY16 results, Revenue up 32-pct
(PRESS RELEASE) - Huawei released its audited financial results for 2016, reporting that its Carrier, Enterprise, and Consumer business groups (BGs) each …
WIPO supports Sri Lanka’s legislation on Traditional Knowledge
Apr 03, 2017 (LBO) - The World Intellectual Property Organization (WIPO) will support Sri Lanka's efforts to draft a national policy on 'Traditional Knowledge' …
Japanese firm buys 11-pct of Sri Lanka’s Sunshine Holdings
Apr 03, 2017 (LBO) - Japan’s SBI Ven Holdings, an investment holding company, bought a 11 percent stake in Sri Lanka's Sunshine Holdings for 742.5 million …
Ceylon Chamber welcomes govt decision to postpone SVAT abolition
Mar 31, 2017 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce has welcomed the decision by the Finance Ministry to postpone the abolition of the SVAT system …
Sri Lanka to set up Public Enterprises Board for managing SOEs
Mar 30, 2017 (LBO) - The Sri Lankan government is in the process of setting up a Public Enterprises Board to manage loss-making state-owned enterprises (SOEs), …
Economic policies of government falling far short, says JO’s Balasuriya
Mar 29, 2017 (LBO) - Economic policies of the present Sri Lankan government are falling far short of expectations, driven by lack of confidence in the finance …
Laugfs Terminals seeks USD42.6Mn funding from People’s Bank
Mar 29, 2017 (LBO) - Sri Lanka’s Laugfs Terminals Limited will borrow 42. buy champix online …
European Investment Bank to explore future investment in Sri Lanka
Mar 28, 2017 (LBO) - A delegation from the European Investment Bank will make a three-day visit to Sri Lanka later this week to discuss recent engagement and …