Finance Minister appoints Ranel Tissa Wijesinha as new Chairman of SEC
May 24, 2018 (LBO) – Finance and Media Minister has appointed Ranel Tissa Wijesinha as the new Chairman of the Securities and Exchange Commission of Sri …
Policy
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Central Bank to create intervention rules for foreign exchange market
May 23, 2018 (LBO) – Sri Lanka’s Central Bank is to introduce several rules, the officials need to follow when they are intervening in the foreign exchange …
Sri Lanka Central Bank clarifies on external debt and reserves
May 23, 2018 (LBO) - Sri Lanka's Central bank issuing a statement has clarified a misleading news item has been disseminated in relation to Sri Lanka’s …
SL – China FTA would result in higher gains for Sri Lankan exports: Study
May 22, 2018 (LBO) – Sri Lanka – China FTA would result in higher gains for Sri Lankan exports compared to products imported from China which are already …
IMF to complete its 4th review on June 1 as SL introduced fuel price formula
May 18, 2018 (LBO) – IMF Communications Department on Thursday announced that their board is scheduled to discuss Sri Lanka's completion of its fourth review …
Sri Lanka among 23 countries vulnerable to Chinese debt distress: Study
May 16, 2018 (LBO) – Sri Lanka has been classified as a highly vulnerable country to debt distress of China’s Belt and Road Initiative (BRI) in a recent …
Sri Lanka among most exposed countries to an interest rate shock: Moody’s
May 14, 2018 (LBO) – Moody’s Investors Service said the probability of an interest rate shock tends to be higher for Sri Lanka as the country is most …
Sri Lanka gross official reserves improved to USD9.9bn by end April
May 11, 2018 (LBO) – Sri Lanka's gross official reserve position had improved to 9.9 billion US dollars by end April, the record highest level in history …
Central Bank maintains policy interest rates unchanged
May 11, 2018 (LBO) – Monetary Board of the Central Bank at its meeting held on 10 May 2018 has decided to maintain policy interest rates at their current …
Sri Lanka to revise fuel price every two months
May 11, 2018 (LBO) - Fuel prices in Sri Lanka will be revised every two months under a new cabinet approved pricing formula, Finance Minister Mangala …
Central Bank says foreign sentiment signals confidence in Sri Lanka’s economy
May 03, 2018 (LBO) – Sri Lanka's Central Bank said recent indicators reflect positive sentiment expressed by external foreign parties regarding the …
World Bank warns of reform slowdown amid challenging political environment
Apr 17, 2018 (LBO) - Sri Lanka's growth is projected to rebound in 2018 and continue to be around 4.5 percent in the medium term, driven by private consumption …
Sri Lanka’s debt burden is higher than Ethiopia, Uganda & Ghana
Apr 09, 2018 (LBO) – Sri Lanka’s government revenue as a share of GDP is lower than many peers, while the government debt-to-GDP ratio is much higher, …
Sri Lanka CB cuts policy rate ceiling by 25bps
Apr 04, 2018 (LB0) - Sri Lanka's central bank has decided to reduce the Standing Lending Facility Rate (SLFR), which is the upper bound of the policy interest …
New IR act most progressive in SA, Will bring in extra Rs.60Bn in revenue
Apr 03, 2018 (LBO) - Sri Lanka's Finance ministry says the government expects to earn a an additional revenue of 60 billion rupees each year through the new …
JO MP Balasuriya critical of active liability management bill
April 02, 2018 (LBO) - In a recent speech in Parliament, JO MP Tharaka Balasuriya highlighted some problematic technicalities in the Active Liability …
Opinion: Economic reforms in Sri Lanka: Salvation or a recipe for inaction?
By Kithmina Hewage & Harini Weerasekera Economic reforms have become an urgent need for Sri Lanka, with successive governments since independence, …
Business mission from New Zealand to arrive in April
Mar 20, 2018 (LBO) – A group of 20 delegates representing 13 innovative New Zealand companies will arrive in Colombo on 2nd April for a 3-day visit to …
Sri Lanka must enhance fiscal income to offset narrowing external drains: Fin Min
Mar 19, 2018 (LBO) - Sri Lanka's Finance minister says the island must optimize utilizing local resources with a well-managed and efficient tax system as a …
Sri Lanka official reserves rebound to USD7.9bn in February
Mar 16, 2018 (LBO) – Sri Lanka’s gross official reserves have improved to 7,914.33 million US dollars by the end of February from 7,672.75 million dollars …