Central Bank promotes C J P Siriwardana to Deputy Governor post
Aug 22, 2017 (LBO) - Sri Lanka's Monetary Board, with the concurrence of the minister of finance, has promoted Assistant Governor C J P Siriwardana to the …
Policy
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Sri Lanka Inland Revenue bill to be passed by Aug 25th, all concerns addressed: Fin Min
Aug 18, 2017 (LBO) - Sri Lanka's Inland Revenue bill will presented in Parliament next week and passed by August 25th, with most of the concerns raised …
Sri Lanka cuts taxes on telecom data, small trucks and motorcycles: Finance Minister
Aug 16, 2017 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera announced a 10 percent tax cut on telecom data and small vehicles like lorries and motor …
Colombo among biggest improvers during five years: Global Liveability Report
Aug 16, 2017 (LBO) – Sri Lanka’s main commercial city Colombo is among the five biggest improvers during the last five years in terms of liveability, …
Sri Lanka to emphasize KPIs in budget preparation: Finance Ministry
Aug 14, 2017 (LBO) - Sri Lanka's finance ministry will focus on inclusion of key performance indicators (KPIs) for all budget proposals from ministries when …
Central Bank & ICTA have no legal deal with Total Pay: Harsha
Aug 11, 2017 (LBO) – Sri Lanka’s National Policies and Economic Affairs Deputy Minister Harsha De Silva told Parliament Friday that neither the Central …
Sri Lanka’s public finances strengthening, says IMF in country report
Aug 11, 2017 (LBO) - Sri Lanka's overall fiscal deficit decreased from 7 percent to 5.4 percent of GDP between 2015 and 2016, with public finances …
Sri Lanka to share info on money laundering with China, Bhutan
Aug 08, 2017 (LBO) – Sri Lanka will share financial information with China and Bhutan facilitating investigation and prosecution of persons suspected of …
Sri Lanka holds policy rates unchanged as inflation eases
Aug 03, 2017 (LBO) - Sri Lanka's central bank held key policy rates unchanged on Thursday with inflation falling to 4.8 percent in July and likely to fall …
Sri Lanka to set up new public-private funded university
Aug 02, 2017 (LBO) – Cabinet nod has been received to establish an international level university in Sri Lanka under a public-private partnership model. …
Privatization is not part of my mandate: New PPP chief
July 26, 2017 (LBO) – Sri Lanka will look at public-private partnerships (PPPs) in transport, utilities, ports, tourism, construction, housing, health care, …
Sri Lanka income tax bill to parliament by August
July 21, 2017 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera said he is expecting to present the new income tax act to parliament in August and and …
New revenue Bill should be implemented from April 2018: Ceylon Chamber
July 17, 2017 (LBO) – Ceylon Chamber of Commerce says it is their view that the new Inland Revenue Bill, once enacted, should ideally be implemented from 1st …
National Export Strategy to be implemented with budget 2018: Advisor
July 13, 2017 (LBO) – Sri Lanka’s proposed National Export Strategy will be implemented with the budget of 2018, a senior official at the International …
Sri Lanka’s new Inland Revenue Act will be investor friendly: Finance Minister
July 12, 2017 (LBO) - Sri Lanka's Finance Minister says the main objective of the new Inland Revenue Bill is to simplify the tax system in order to create an …
IMF calls for reforms that address inequality, ahead of G20 meet
July 06, 2017 (LBO) - The International Monetary Fund has called for building of inclusive economies through structural reforms that lift incomes, ahead of the …
Sri Lanka licensed banks to adopt minimum capital standards from July
Commencing 01 July 2017, licensed banks in Sri Lanka will adopt minimum capital standards based on the Direction issued by the Central Bank of Sri Lanka in …
Central Bank holds key rates unchanged, reserves climb
June 23, 2017 (LBO) - Sri Lanka's central bank held key interest rates unchanged on Friday after a monthly monetary policy meeting with inflation moderating in …
Central Bank expected to keep key rates unchanged: First Capital
June 21, 2017 (LBO) - The Central Bank of Sri Lanka is expected to keep key interest rates unchanged in its monthly monetary policy announcement on Friday, …
Sri Lanka’s Central Bank eyes full inflation targeting: Governor
June 20, 2017 (LBO) – Sri Lanka is planning to adopt a full inflation targeting framework probably by next year, Central Bank Governor Indrajit Coomaraswamy …