Intercompany employees union opposes funding VCs through EPF, ETF
Nov 27, 2015 (LBO) – Sri Lanka’s Inter-company Employees Union on Thursday opposed a budget proposal to create a venture capital structure using EPF and …
Economy & Markets
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Colombo International Financial Centre requires right talent: experts
Nov 27, 2015 (LBO) - Sri Lanka's plans to set up an international financial district bodes well for financial sector development and should be set up with the …
Sri Lanka stocks close down 0.7-pct: JKH losses
Nov 26, 2015 (LBO) – Sri Lankan stocks closed down at 0.67 percent on Thursday with losses in John Keells Holdings, brokers said. The Colombo benchmark All …
Several IPOs slated for CSE next year
Nov 25, 2015 (LBO) - Sri Lanka can expect three to four new IPOs on the Colombo Stock Exchange by the first quarter of next year, a CSE official told Lanka …
Colombo Stock Exchange moving ahead with CCP
Nov 26, 2015 (LBO) - The Colombo Stock Exchange is moving ahead with setting up the Central Counter Party institution for secondary market transactions, the …
No tariff increase on utility bills due to VAT revision: Finance Ministry
Nov 26, 2015 (LBO) – Sri Lanka’s water, power, telecom will be exempted from value added tax and the prices of most essential goods will also be reduce …
Budget flawed, no confidence motion against Fin Min: Balasuriya
Nov 26, 2015 (LBO) - Sri Lanka's budget for 2016 proposed by the government is flawed and a no confidence motion will be brought against the finance minister, …
Interest rates unchanged after monetary policy meeting
Nov 24, 2015 (LBO) - Sri Lanka's Monetary Board held interest rates unchanged after a monthly policy meeting citing low inflation and a lack of necessity to …
Sri Lanka Budget lacks consolidation but reforms positive: Fitch
Nov 24, 2015 (LBO) – Sri Lanka's 2016 budget, released on 20 November, provides no clear plan for fiscal consolidation over the medium term, Fitch Ratings …
Major thrust of budget is formalizing economy: Ravi K
Nov 24, 2015 (LBO) - A major thrust of Sri Lanka's budget for 2016 is formalizing the economy to bring in sectors that do not use formal banking channels, the …
Sri Lanka to abolish vehicle permit schemes, Rs40bn loss per year: Ravi K
Nov 24, 2015 (LBO) - Sri Lanka's Finance Minister Ravi Karunanayake has proposed to end the tax-free vehicles given to state workers and elected ruling class …
No need to raise interest rates, seek IMF funding: CB Governor
Nov 24, 2015 (LBO) - Sri Lanka has no need to raise interest rates at the moment given the loose monetary policy being followed in regional countries such as …
Exporters support budget 2016, call it export friendly
Nov 24, 2015 (LBO) – The Exporters’ Association of Sri Lanka pledges its unstinted support and co-operation to the budget 2016 saying it is an exporter …
Sri Lanka inflation at 3.0-pct in October
Nov 23, 2015 (LBO) – Sri Lanka’s consumer prices rose 3. online pharmacy buy diflucan with best prices today in the USA buy abilify online …
Sri Lanka stocks close up 0.5-pct: Budget gains
Nov 23, 2015 (LBO) – Sri Lankan stocks closed up at 0.55 percent on Friday with John Keells Holdings and other index heavy stocks showing gains following …
Sri Lanka budget has reformist agenda: CT CLSA
Nov 23, 2015 (LBO) - The 2016 budget can be termed as a reformist agenda, that looks to address short-term risks to the economy while setting up Sri Lanka for …
Budget 2016 is forward looking: CSE Chairman
Nov 23, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange chief Vajira Kulathilake has said the budget 2016 is forward looking and praised tax breaks and …