Sri Lanka IMF agreement faces implementation risks: Fitch
May 03, 2016 (LBO) – Sri Lanka's 1.5 billion US dollar three-year IMF programme eases near-term balance-of-payments risks but will require sustained …
Economy & Markets
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VAT goes up to 15 pct, threshold reduced: Finance Ministry
May 03, 2016 (LBO) - Sri Lanka's Value Added Tax (VAT) will be revised up to 15 percent from 11 percent from May 2nd, with pharmaceuticals and education …
Sri Lanka’s foreign debt servicing rises steadily
May 01, 2016 (LBO) - The amount Sri Lanka has spent on external debt repayment and interest has more than doubled over the last five years, Central Bank data …
Colombo inflation accelerates 3.1-pct in April 2016
Apr 29, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 3.1 percent in April 2016 from a year earlier, up from 2.0 percent in …
Sri Lanka’s deal with IMF has 3 benefits for external financing profile: Moody’s
Apr 29, 2016 (LBO) – Sri Lanka’s 1.5 billion US dollars deal announced today with the IMF will have three benefits for Sri Lanka’s external financing …
No reason to keep exporter’s money abroad: Central Banker
Apr 28, 2016 (LBO) – Sri Lankan exporters do not have a clear reason to keep their money abroad as the Central Bank has already removed restrictions on …
Sri Lanka projected economic growth 5.4-pct in 2016; 5.9-pct in 2017: UNESCAP
Apr 28, 2016 (LBO) – Sri Lanka’s economic growth is projected to gain further momentum, at 5. buy albuterol online albuterol online generic 4 percent in …
Oil hits 6-month high, speculation on OPEC-Russia deal
Apr 28, 2016 (LBO) - Oil prices hit six month highs before dipping slightly on mixed reports about inventories. Brent Crude hit a high of 47.05 dollars, but is …
Sri Lankans named in Panama Papers expected in May
Apr. 27, 2016 (LBO) - The International Consortium of Investigative Journalists said they will release on May 9th a searchable database with information on …
Fastest population shift in history, opportunity or threat to Asia?
Apr 27, 2016 (LBO) - If countries do not start planning for the rapid Asian demographic change, they will miss out on a unique opportunity to boost growth and …
Sri Lanka budget deficit climbs, economy at USD82.3 billion
Highlights from press conference: - Budget deficit climbs to 7.4% in 2015 vs 5.7% in 2014 - Economy valued at $82.3 billion - Balance of payments deficit at …
US based Millennium Challenge Corp holds discussions with Ceylon Chamber
Apr 26, 2016 (LBO) - A delegation from the Millennium Challenge Corporation, a US Government agency, held discussions with the Ceylon Chamber of Commerce, …
Sri Lanka holds rates unchanged after policy meeting
Apr 26, 2016 (LBO) - Sri Lanka's monetary board held interest rates unchanged after a monthly policy meeting to allow time for recent tightening to take its …
A new political culture will be introduced after May 01: President
Apr 26, 2016 (LBO) - Sri Lanka's President Maithripala Sirisena says he will introduce a new political programme in the country after May 01 and take several …
Swedish Foreign Minister, companies meet Sri Lankan businesses
Apr 26, 2016 (LBO) - Swedish Foreign Minister Margot Wallström met Sri Lankan government and business representatives together with representatives of several …