Sri Lanka official reserves drop to USD7.3bn in November
Dec 16, 2017 (LBO) – Sri Lanka’s official reserves have dropped to 7,319.40 million US dollars in November from 7,489.98 million dollars in October, …
Policy
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Sri Lanka’s Fiscal Mgmt. Responsibility Act has no teeth: CB Chief
Dec 15, 2017 (LBO) – Sri Lanka is in the process of reviewing the Fiscal Management (Responsibility) Act as it does not have any teeth at the moment, the …
IMF completes 3rd review; approves USD251.4Mn disbursement
Dec 08, 2017 (LBO) – IMF Executive Board has completed the third review of Sri Lanka’s Extended Fund Facility arrangement, which enables the disbursement …
New liability Mgmt. bill to raise money above borrowing limit: CB Chief
Dec 07, 2017 (LBO) – Sri Lanka’s Central Bank Chief says the proposed liability management bill will enable the government to exceed the borrowing limit …
New reforms to create win-win situation for Central Bank & Treasury
Nov 24, 2017 (LBO) – Proposed Liability Management Act and recently introduced market-based Treasury bond auction system will create a win-win situation for …
PCs should tax businesses with quarterly income up to Rs3mn: FC
Nov 13, 2017 (LBO) – Sri Lanka’s Finance Commission (FC) has recommended that Provincial Councils should be allowed to collect taxes from business entities …
Sri Lanka’s Central Bank keeps policy rates steady
Nov 07, 2017 (LBO) – Sri Lanka’s Monetary Board of the Central Bank has decided to keep its key interest rates steady despite rising headline inflation. …
Sri Lanka’s FTA with China is clearly political: Ganeshan Wignaraja
Nov 01, 2017 (LBO) – Sri Lanka’s proposed free trade agreement with China is not an economic agreement but an agreement with a very clear political nature, …
PM to introduce liability Mgmt. fund; funds to be raised with transparency
Oct 20, 2017 (LBO) – Sri Lanka’s Prime Minister told Parliament Friday that they will introduce a comprehensive secondary market trading platform and a …
External pressures constrain Sri Lanka’s credit profile: Moody’s
Oct 17, 2017 (LBO) – Moody's Investors Service says that Sri Lanka's (B1 negative) significant borrowing requirements and heavy reliance on external and …
IMF reaches staff level agreement on third review of Sri Lanka’s EFF
Oct 16, 2017 (LBO) – Sri Lanka’s central bank should stand ready to head off pressures on inflation and credit growth while continuing to enhance exchange …
Sri Lanka’s poor will benefit from more economic freedom
Oct 16, 2016 (LBO) - Sri Lanka's poor stands to gain big benefits if more economic freedoms are given, while businesses and foreign investors will also be …
Sri Lanka warned of inadequate policies and programmes to address aging issues
Oct 10, 2017 (LBO) - Population projections show that the proportion of Sri Lankans above the age of 60 years will increase from 14 percent in 2017 to 22 …
Sri Lanka Finance Ministry calls for Budget proposals
Sept 27, 2017 (LBO) - The Ministry of Finance calls for proposals from all stakeholders including the general masses to be included in the Budget – 2018, to …
Sri Lanka’s Central Bank holds policy rates unchanged
Sep 26, 2017 (LBO) – Sri Lanka’s Central Bank has decided to maintain the Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR) …
PUCSL seeks public views on electric vehicle charging stations
Sept 13, 2017 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, said it is seeking public views on issues related …
Sri Lanka expects Rs45bn additional tax revenue from new bill: FM
Sep 07, 2017 (LBO) – Sri Lanka is expecting 45 billion rupees additional tax revenue through the new Inland Revenue Bill, the finance minister said, speaking …
Sri Lanka’s high-end condos under pressure, no bubble yet
Sept 06, 2017 (LBO) - Sri Lanka’s luxury residential condominium prices would stagnate or come down in 2018-2020 due to large levels of unabsorbed supply, …
Ministers cannot grant tax concessions under new Inland Revenue Act: Finance Minister
Sept 04, 2017 (LBO) - Discretionary powers vested in Sri Lankan ministers to grant tax concessions has been expunged under the new Inland Revenue Act, the …