New salaries commission to review public, private salary structures
Feb 24, 2016 (LBO) – The cabinet has decided to appoint a new Salaries and Cadre Commission to broadly and formally review salary structures and cadre …
Economy & Markets
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Sri Lanka stocks down 0.2-pct
Feb 24, 2016 (LBO) – Sri Lankan stocks closed down at 0.18 percent with losses in some banking and finance sector stocks with low retail investor activity, …
Prime Minister says ETCA being formulated, Sri Lankans won’t lose jobs
Feb 24, 2016 (LBO) - Sri Lanka is currently at the formulating stage of an "Economic Technology Cooperation Agreement" with India, Prime Minister Ranil …
Sri Lanka to get 100Mn loan from ADB for SME sector
Feb 23, 2016 (LBO) – Sri Lanka’s government signed a loan agreement with the Asian Development Bank (ADB) to borrow 100 million US dollars to implement a …
Sri Lanka inflation NCPI decelerates 0.7-pct in Jan 2016
Feb 23, 2016 (LBO) - Sri Lanka’s consumer prices decelerated 0. buy zydena online …
Sri Lanka lending to increase to USD 2Bn by 2016: ADB President
Feb 23, 2016 (LBO) - Asian Development Bank said it will scale up lending to Sri Lanka to 2 billion US dollars in loans and equity in 2016 through 2018 …
Sri Lanka Central Bank hikes interest rates by 50 bp
Feb 19, 2016 (LBO) - Sri Lanka's Central Bank hiked interest rates after a monthly policy meeting due to risks to the macroeconomy from excessive money supply …
Ceylon Dollar Bond Fund at ‘BB-/ V5’: Fitch
Feb 19, 2016 (LBO) - Fitch Ratings has affirmed Ceylon Dollar Bond Fund's Fund Credit Quality Rating of 'BB-' and affirmed the Fund Volatility Rating at 'V5'. …
Sri Lanka stocks up 0.7-pct
Feb 19, 2016 (LBO) – Sri Lankan stocks closed up at 0.67 percent with gains in most of the index heavy stocks, brokers said. The Colombo benchmark All …
Fitch affirms Ceylon Dollar Bond Fund at BB-/ V5
Fitch Ratings has affirmed Ceylon Dollar Bond Fund's Fund Credit Quality Rating of 'BB-' and affirmed the Fund Volatility Rating at 'V5'. The fund is managed …
ADB to lend USD 500Mn, shifting focus in Sri Lanka lending
Feb 19, 2016 (LBO) - The Asian Development Bank will lend 505 million dollars to Sri Lanka in 2016 and focus on new areas like private sector development, …
Elusive global outlook requires urgent policy response, says OECD
Feb 19, 2016 (LBO) - Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in …
Sri Lanka to collect corporate taxes online from next month
Feb 19, 2016 (LBO) – Sri Lanka’s state tax collector will gradually move out of manual tax administration by launching the first phase of RAMIS next month. …
Perpetual Treasuries lead sponsor Investment Summit in Singapore
Feb 18, 2016 (LBO) - Sri Lankan primary dealer Perpetual Treasuries said it will be one of the lead sponsors of the Sri Lanka Investment Summit to be held in …
Sri Lanka’s Orient Finance IPO backed by Janashakthi
Feb 18, 2016 (LBO) – Sri Lanka's Orient Finance initial public offering was backed by Janashakthi Insurance given the trying market conditions for raising …
One-fourth of Sri Lanka’s population will be over 60 by 2050: WB
Feb 18, 2016 (LBO) – Sri Lanka will witness dramatic impacts on aging and urbanization contrary to the demographics of most South Asian economies, the World …
Everjobs to expand job opportunities to smaller Sri Lanka towns
Feb 18, 2016 (LBO) – Everjobs, a Rocket Internet company subsidiary, wants to expand beyond Sri Lanka’s main cities this year and encourage more local …