Opinion: Budget 2017 expectations, unrealistic or achievable?
Oct 28, 2016 (LBO)- Gearing for the new budget in a few weeks time Finance Minister Ravi Karunanayake is optimistic about Budget 2017. An equity buyout for …
Policy
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Sri Lanka’s FIU and Inland Revenue to share info
Oct 25, 2016 (LBO) - Sri Lanka's Central Bank says its Financial Intelligence Unit (FIU) has entered into a memorandum of understanding with the Department of …
Acceptance of e-documents an urgent matter: Sri Lankan companies
Oct 24, 2016 (LBO) - Sri Lanka's trading companies say acceptance of electronic documents is a matter that requires urgent attention. online pharmacy buy …
Sri Lanka central bank considers revamping primary auctions
Oct 21, 2016 (LBO) - Sri Lanka's Central Bank is considering revamping the Primary Auction system for government securities, sources said. The proposed system …
Sri Lanka Central Bank resolves four insolvent institutions
Oct 19, 2016 (LBO) - Sri Lanka's Monetary Board says it has approved repayments to depositors and investors in four insolvent financial institutions. The …
Monetary Board considers interim report on Primary Dealers
Oct 14, 2016 (LBO) - The Monetary Board, at a special meeting on Friday, considered an interim report on the operations of primary dealers, including their …
Sri Lanka to draft new counter terrorism law: Cabinet
Oct 14, 2016 (LBO) - Sri Lanka has appointed a committee to draft a new counter terrorism law, a statement on cabinet decisions said. online pharmacy buy …
Philippines visa waiver to benefit Sri Lankan diplomats & officials
Oct 11, 2016 (LBO) - Sri Lanka and the Philippines have entered into a visa waiver agreement for diplomatic and official passport holders, a statement said. …
No 100 percent tax waivers given to Beer Company: Finance Ministry
Oct 04, 2016 (LBO) – Sri Lanka’s Finance Ministry says there is no truth that a beer manufacturing company has been given concessions for imports which …
Sri Lanka Central Bank holds key interest rates unchanged
Sept 28, 2016 (LBO) - Sri Lanka's Monetary Board held key interest rates unchanged with slow second quarter growth in the economy, despite credit growth to the …
POLL: CB to stand pat this wk, assessing impact of previous hikes
Sept 26, 2016 (Reuters) – Sri Lanka's central bank is expected to keep its key interest rates steady on Wednesday, after cutting three times since December …
Sri Lanka’s Financial Intel Unit signs MOU with Singapore authority
Sept 22, 2016 (LBO) - The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU) has entered into a memorandum of understanding with the Suspicious …
No liberalization of professionals under upcoming FTAs: Kelegama
Sept 20, 2016 (LBO) – Sri Lanka’s bilateral free trade agreements that are currently being considered have no liberalization of professionals, a senior …
Sri Lanka to adopt chip card system before end 2017: Central Bank
Sept 09, 2016 (LBO) – Sri Lanka is looking at completely adopting the more secure and efficient chip card system before the end of next year, a Central Bank …
Sri Lanka expected to hold rates steady in 2016: Stan Chart
(Corrected to reflect typo in report. USD/LKR seen at 152 by end 2017) Sept 02, 2016 (LBO) - Sri Lanka is expected to hold interest rates steady for the rest …
World Bank to improve transparency with new procurement system in Sri Lanka
Aug 22, 2016 (LBO) – The World Bank in keeping pace with global trends has introduced a new procurement framework in South Asia including Sri Lanka to …
Sri Lanka expects USD671mn BOP surplus for 2016: Finance Minister
Aug 11, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Thursday that the government expects 671 million US dollars worth …
Sri Lanka adopts Swiss procedure to handle unsolicited proposals
Aug 11, 2016 (LBO) – Sri Lanka’s cabinet on Tuesday decided to include the "Swiss challenge" procedure in the government procurement guidelines to be …
Sri Lanka Supreme Court blocks bill raising VAT
Aug 09, 2016 (LBO) - Sri Lanka's Supreme Court has ordered parliament to stop considering a bill to raise value-added tax (VAT) because the drafting of the …
FCID collecting vital information necessary for governance: official
Aug 06, 2016 (LBO) - A stream of former government and corporate officials who have been questioned by the Financial Crimes Investigation Division (FCID) of …