Eminent lawyer K Kanag-Isvaran highlights need for Tax Ombudsman
Feb 07, 2019 (LBO) – President’s Counsel Dr. K. Kanag-Isvaran, who is one of the country’s most respected lawyers highlighted the need for a “Tax …
Policy
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Appropriation Bill for 2019 presented in parliament
Feb 05, 2019 (LBO) - The Appropriation Bill for the year 2019 was presented in parliament by Minister Gayantha Karunathilaka, Tuesday. The Cabinet in early …
Sri Lanka reserves at USD7.0Bn
Jan 29, 2019 (LBO) - Sri Lanka Governments's gross official reserves stood at US dollars 7.0 billion which was equivalent to 3.7 months of imports at end …
Sri Lanka Govt introduces more loans for 3-wheel owners and migrant workers
Jan 28, 2019 (LBO) - The Finance Ministry under the Enterprise Sri Lanka concessionary loan scheme is to introduce further concessionary loans to widen the …
Sri Lanka vehicle registration down in Dec 2018
Jan 28, 2018 (LBO) - Sri Lanka's vehicle registrations across all categories showed a slowdown in December 2018, a new research report said. buy stromectol …
Ailing rupee and price controls may lead to a shortage of milk powder: Advocata
Jan 17, 2019 (LBO) - A cup of tea is every Sri Lankan’s morning mantra. This might not be the case much longer as Sri Lanka may face a shortage of milk …
Sri Lanka Govt., IMF talks to start
Jan 14, 2019 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera led delegation arrived in Washington, Sunday for talks with the International Monetary …
FM to meet IMF Managing Director in Washington on IMF Fund Facility
Jan 09, 2019 (LBO) – Minister Mangala Samaraweera will leave for Washington on Friday, to get the IMF External Fund Facility (EFF) back on track, …
Reserve Bank of India agrees to provide USD400mn SWAP to Central Bank
Jan 09, 2019 (LBO) – Reserve Bank of India (RBI) has agreed to provide 400 million US dollars to the Central Bank of Sri Lanka under its SAARC SWAP facility …
Sri Lanka Budget 2019: Targets public revenue to increase 17-pct, Debt to GDP down to 70-pct
Jan 07, 2019 (LBO) - Sri Lanka's Finance Ministry says Budget 2019 will increase public revenue to 17 percent of Gross Domestic Product (GDP) while capital …
Financial sector regulators sign MoU for consolidated risk-based supervision
Jan 04, 2019 (LBO) - The Central Bank of Sri Lanka (CBSL) entered into a Memorandum of Understanding (MoU) with the Securities and Exchange Commission of Sri …
Sri Lanka Central Bank maintains policy interest rates at current levels
Dec 28, 2018 (LBO) – Monetary Board of the Central Bank has decided to maintain policy interest rates at their current levels with the broad aim of …
Benefits of global oil price reduction should be passed on to people: Fin Min
Dec 26, 2018 (LBO) - As a result of the price formula introduced by the Government, the price of petrol and diesel has been reduced by Rs. buy valtrex online …
Sri Lanka Cabinet approves funds for 2019 first quarter
Nov 28, 2018 (LBO) - The Cabinet of Ministers has approved a proposal to present a Vote on Account in order to secure provisions for 2019 first quarter. …
Sri Lanka’s political crisis puts IMF loan negotiations on hold
Nov 21, 2018 (LBO) - The International Monetary Fund (IMF) loan facility to Sri Lanka, approved in mid-2016, has been put on hold due to the islands …
Sri Lanka growth expected to recover to 4 – 4.5-pct in 2019: CB Gov
Nov 15, 2018 (LBO) - There are some positive signs with FDI and exports probably going to be record numbers this year and we envisage Sri Lanka's growth to be …
Central Bank reduced Statutory Reserve Ratio & increased policy interest rates
Nov 14, 2018 (LBO) – Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 13 November 2018, has decided to reduce the Statutory Reserve …
Parliament passes resolution to raise Rs.310Bn under Active Liability Mgmt
Oct 26, 2018 (LBO) – Sri Lanka’s Parliament on Friday passed a resolution to raise up to 310 billion rupees by way of loans, in or outside Sri Lanka under …
CBSL Deputy Governor C. J. P. Siriwardena appointed Commissioner General of Inland Revenue
October 23, 2018 (LBO) - Central Bank of Sri Lanka Deputy Governor Mr. C. P. J. Siriwardena has been appointed as Commissioner General of Inland Revenue by …
Sri Lanka plans new import controls for non essential goods
Oct 17, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed the Finance Ministry to study the current imports and submit a report on …