Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité
Oct 16, 2018 (LBO) – Sri Lanka’s private think tank Verité Research has found out that only 8 percent of promises announced in the 2018 budget are …
Policy
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Central Bank introduces whistleblowing policy & code of conduct for employees
Oct 15, 2018 (LBO) – Sri Lanka’s Central Bank said a whistleblowing policy and a new code of conduct for all employees have been introduced as part of the …
Sri Lanka FM interview ahead of IMF and WB annual meet on global trade, economy
Oct 10, 2018 (LBO) - Global finance and reserve bank chiefs will gather this week in Bali, Indonesia for the annual gathering of the International Monetary …
President, NEC hold discussions on devaluation of rupee and economy
Oct 05, 2018 (LBO) - Special attention was drawn at a discussion regarding the promotion of Sri Lanka’s export sector and managing the devaluation of the …
Govt. expenditure for 2019 Rs.4,376Bn : Budget deficit 4.1-pct
Oct 02, 2018 (LBO) - As per the Appropriation Bill, which was presented to the Cabinet recently by Finance and Media Minister, Mangala Samaraweera, next …
Sri Lanka reserves at USD7.3bn; used only USD184mn YTD to defend rupee
Oct 02, 2018 (LBO) – Sri Lanka’s Central Bank says the country currently has 7.3 billion US dollars worth foreign reserves and expects to close this year …
Sri Lankan rupee depreciates 9.7-pct YTD; CB says observed stabilizing exchange rate
Oct 02, 2018 (LBO) – Recent measures are expected to ease the excessive demand for foreign currency and therefore the pressure in the domestic foreign …
Central Bank of Sri Lanka maintains policy interest rates at current levels
Oct 02, 2018 (LBO) – Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 01 October 2018, has decided to maintain policy interest rates …
Sri Lanka restricts vehicle imports for MPs, Ministries, state sector employees & others
Sept 29, 2018 (LBO) – Sri Lanka’s government in order to ease the pressure on the Sri Lankan rupee has decided to take the following measures temporarily …
IMF staff mission concludes visit to Sri Lanka; stresses on reforms
Sept 28, 2018 (LBO) – Authorities should accelerate reforms to strengthen the Sri Lankan economy’s resilience to domestic and external shocks, given still …
Collapse of rupee and yahapalana govt.’s economic mismanagement: MR
Sept 26, 2018 (LBO) - The Rupee has depreciated steadily against the US Dollar ever since the yahapalana government came into power - a trend which has now …
Appropriation Bill to parliament second week of October
Sept 25, 2018 (LBO) - Sri Lanka's cabinet has approved the Appropriation Bill proposed by Finance Minister Mangala Samaraweera, to be presented in Parliament …
Sri Lanka’s rupee hits record lows as Central Bank hold rates
Sept 21, 2018 (LBO) - Sri Lanka’s rupee hit an all time low of 168.65/169.00 to the US dollar at the close of day Thursday down from 167.10 the day before …
Sri Lanka to introduce an investment law for single window facilitation: PM
Sept 14, 2018 (LBO) – Sri Lanka will bring in a new legislation for the Single Window Investment Facilitation model, Prime Minister Ranil Wickremesinghe …
We are not exporting at least 60 products under GSP+ list of 6,000 items: PM
Sept 14, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe on Friday draw the attention of the country’s top business leaders, the …
New Executive Director at Lakshman Kadirgamar Institute (LKI)
August 22, 2018 (LBO) - Dr. Ganeshan Wignaraja has been appointed as the new Executive Director of the Lakshman Kadirgamar Institute of International Relations …
Moody’s Investors Service annual credit analysis assigns Sri Lanka B1 Negative
Aug 17, 2018 (LBO) – Moody's Investors Service says that the credit profile of the Government of Sri Lanka (B1 negative) is supported by the authorities' …
Central Bank to assist “Enterprise Sri Lanka” loan programme with training
Aug 17, 2018 (LBO) – Finance Ministry is to conduct training programs for all new entrepreneurs covered under the “Enterprise Sri Lanka” loan programme, …
Singapore-SL FTA revenue protection not yet gazetted but published by Treasury
Aug 16, 2018 (LBO) – Department of Trade & Investment Policy has not yet published the extraordinary gazette pertaining to the revenue protection order …
Fitch maintains negative banking sector outlook for Sri Lanka in 2018
Aug 15, 2018 (LBO) – Fitch Ratings said it maintains a negative banking sector outlook for Sri Lanka as operating conditions remain challenging, which could …