Sri Lanka inflation accelerates to 1.7-pct in February 2016
Mar 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose 1.7 percent in February from the 0.7 percent deflation …
Economy & Markets
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CSE Wins Global HR Excellence Award
The Colombo Stock Exchange (CSE) won the award for “The Most Innovative Use of Training and Development” at the recently concluded World …
Debt crisis in developing nations likely if slowdown continues: Kelegama
Mar 21, 2015 (LBO) – The main priority for policy makers worldwide should be to support a robust and balanced global recovery, a Sri Lankan economist said. …
Investment Summit: Sri Lanka bonds attractive in Asia, say officials
Singapore, Mar 18, 2016 (LBO) - With Sri Lanka never defaulting on sovereign debt, rupee bonds are an attractive proposition within the bond offerings in Asia, …
European Commission announces Euro 38 mn for development in Sri Lanka
Mar 16, 2016 (LBO) - The European Commission co-signed two new support programmes worth 38 million Euros in the field of rural development and trade …
Carl Cruz assumes duties as Chairman of Unilever Sri Lanka
With effect from March 1, 2016, Carl Cruz assumed duties as Chairman of Unilever Sri Lanka, taking the helm from his predecessor, Shazia Syed who has …
Sri Lanka foreign reserves at USD6.6bn; IMF support by mid 2016
Mar 16, 2016 (LBO) – Sri Lanka’s gross official reserves were estimated at 6.6 billion US dollars by today, Special Assignments Minister Sarath Amunugama …
Sri Lanka’s GSP+ process on the right track: EU Commissioner
Mar 16, 2016 (LBO) – The European Union has noted progress made by Sri Lanka on GSP+ criteria and supports renewed application, a senior EU official said. …
Sri Lanka’s economy grew 4.8-pct in 2015: Census Department
Mar 15, 2016 (LBO) – Sri Lanka’s economy has grown 4.8 percent in 2015 against the 4.9 percent growth recorded in the previous year, the statistics …
Sri Lanka on cusp of growth, say officials at Singapore Investment Summit
Highlights - Agreement with IMF possible mid April: Governor Central Bank - GDP growth seen at 6.5 pct, budget deficit at 5.9 pct vs 6.0: Governor - USD10 mln …
Sri Lanka gives official go ahead for China Port City; CHEC welcomes approval
Mar 15, 2016 (LBO) – Sri Lanka’s government officially informed the Chinese investors of resuming the construction of the Port City project in capital …
Asia is ray of hope for global recovery: Narendra Modi
New Delhi, Mar 13, (LBO) - Prime Minister Narendra Modi said Asia, which is the most dynamic region in the world, brings a ray of hope for global economic …
Monetary policy cannot substitute for structural reforms: Raghuram Rajan
New Delhi, Mar 13, 2016 (LBO) - “Structural reforms, typically ones that increase competition, foster innovation, and drive institutional change, are the way …
Sri Lanka Investment Summit to kick off in Singapore
Mar 12, 2016 (LBO) - Sri Lankan and international delegates will congregate at the Sri Lanka Investment Summit in Singapore on Tuesday, with the island …
IMF capacity development centre to be setup in India
New Delhi, Mar 12, 2016 (LBO) - Christine Lagarde, Managing Director of the International Monetary Fund (IMF) and Minister Arun Jaitley agreed today to …
Sri Lanka stocks close up 1.5-pct; Continued foreign in-flow
Mar 10, 2016 (LBO) – Sri Lankan stocks closed up 1.46 percent after two consecutive days of losses with gains in index heavy stocks, brokers said. The …
Standard & Poor’s revises Sri Lanka outlook to Negative
Mar 10, 2016 (LBO) – Standard & Poor's Ratings Services on Thursday revised the outlook on its 'B+' long-term sovereign credit ratings on Sri Lanka to …