Cabinet approval granted to revise Inland Revenue Act & Value Added Tax Act
Aug 27, 2020 (LBO) – Sri Lanka's Cabinet of Ministers has approved a proposal submitted to seek approval for directing the Legal Draftsman for the …
Economy & Markets
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BOI discusses strategies with British High Commissioner to attract more FDI
Aug 26, 2020 (LBO) – Board of Investment of Sri Lanka (BOI) has engaged with the British High Commissioner to discuss strategies to attract more Foreign …
Central Bank extends deadline of application for Working Capital Loan Scheme
Aug 21, 2020 (LBO) – The Monetary Board of the Central Bank has decided to extend the deadline of 4% Working Capital Loan Scheme. Accordingly, COVID-19 …
Central Bank sets up Financial Consumer Relations Dept to handle all external complaints
Aug 21, 2020 (LBO) – The Central Bank of Sri Lanka (CBSL) has established a new department named “Financial Consumer Relations Department” (FCRD) to …
Colombo Stock Brokers Association commends appointment of a special minister
Aug 21, 2020 (LBO) – The Colombo Stock Brokers Association (CSBA) extends its congratulations and best wishes to the new government and newly-appointed State …
Enhanced focus on import substitution will have significant implications on a longer horizon: CBSL
Aug 20, 2020 (LBO) – The Monetary Board of the Central Bank believes that the enhanced focus on domestic production for import substitution as well as to …
Central Bank to continue its accommodative monetary policy stance
Aug 20, 2020 (LBO) – The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 19 August 2020, has decided to maintain the SDFR and the …
President kick starts building a people-centric economy
Aug 19, 2020 (LBO) - President Gotabaya Rajapaksa stated that the structures of the State Ministries were formulated with the intention of building a people …
Probability for a rate cut to discourage LCBs from using SDFR facility: First Capital Research
Aug 19, 2020 (LBO) – First Capital Research (FCR) says that the Central Bank either can choose to hold policy rates steady or cut by 25 bps or 50 bps while a …
Sivan Arul Illam: Northern Province enterprise exporting spices worldwide started as 2004 Tsunami children’s refuge
By Jekhan Aruliah “Charity begins at home”. For the Northern Province based Sivan Arul Illam charity began by creating a children’s home. The home was …
CEAT to develop local industry: Save Rs.11Bn in foreign exchange via import substitution
Aug 18, 2020 (LBO) - CEAT Kelani Holdings has announced that in response to the Government's policies to develop domestic industry, it has stepped up capacity …
Strengthen your brand digitally – with Progressive Web Apps (PWAs).
Being able to settle into a remote work environment hasn’t been the only important aspect of business continuity, after the COVID-19 pandemic. Isolation and …
BOI signs agreement with HTCey Aqua Culture for Vannamei Shrimp project in Puttalam
Aug 17, 2020 (LBO) - The Board of Investment of Sri Lanka has signed an agreement with HTCey Aqua Culture (Pvt) Limited for a 12 million pl (Post Larvae) …
MarCom Collective congratulates new Govt: Seeks partnership to rebuild industry
Aug 17, 2020 (LBO) - The MarCom Collective congratulated Prime Minister Mahinda Rajapaksa and his newly appointed cabinet of ministers as well as all other …
Sampath Bank reports PAT of Rs 3.97Bn for six months ended 30th Jun 2020
Aug 13, 2020 (LBO) - The global economy took a steep downward trend with the COVID-19 pandemic epicentre shifting from China and East Asia to the United States …
Sri Lanka gross official reserves rebound to USD 7.1bn in July
Aug 07, 2020 (LBO) – Sri Lanka’s gross official reserves have improved to 7,102.0 million US dollars by the end of July from 6,693.2 million dollars in …
Sri Lanka’s GDP contracts by 1.6% in 1Q 2020
Aug 06, 2020 (LBO) - Sri Lanka's GDP growth rate for the first quarter of 2020 has been estimated as 1.6 percent of negative growth rate, when compared to the …
How cloud computing is redefining management.
As the cloud transforms the manner in which we interact with technology overall, businesses and consumers alike are now highly reliant on the vast number of …
SEC introduces a Framework for Real Estate Investment Trusts (REITs)
In Sri Lanka, owing to spiraling property prices it is a challenge for average citizens to finance real estate investments. Therefore, a significant proportion …
CCPI based inflation increased to 4.2-pct in July
Aug 01, 2020 (LBO) – Headline inflation as measured by the year-on-year change in the Colombo Consumer Price Index increased to 4.2 percent in July from 3.9 …