Rs50 bln in bonds likely privately placed by Sri Lanka Central Bank
Dec 29, 2015 (LBO) - Sri Lanka's Central Bank may have privately placed 50 billion rupees in bonds with state funds this month making an exception to its …
Policy
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Sri Lanka’s economic goals can be achieved through addressing brain drain: Eran
Dec 23, 2015 (LBO) - Sri Lanka’s deputy Minister of State Enterprise Development said that internationally exposed management skills of local expatriates are …
We are not dictated by IMF policy: Finance Minister
Dec 17, 2015 (LBO) – Sri Lanka’s Finance Minister told Parliament Wednesday that the country has a strong balance of payments environment and rejected …
“If required by MR, able to sell Mihin Air for one rupee” – Eran
Dec 17, 2015 (LBO) – Sri Lanka’s Deputy Minister of Public Enterprise Development Eran Wickramaratne proposed that if required by former President Mahinda …
US Fed raises rates by 25 bp, first hike since 2006
Dec 17, 2015 (LBO) – The US Federal Reserve has raised interest rates by 25 basis points, its first increase since 2006. Fed Chair Janet Yellen said the move …
IMF concludes fourth post-program monitoring
Dec 10, 2015 (LBO) - The International Monetary Fund concluded its fourth Post-Program Monitoring with Sri Lanka, noting a more challenging external …
Two individuals arrested over misuse of funds at SEC: Police
Nov 04, 2015 (LBO) - Sri Lanka's Criminal Investigations Division has arrested two individuals, including a Securities and Exchange Commission (SEC) official, …
Colombo International Financial Centre requires right talent: experts
Nov 27, 2015 (LBO) - Sri Lanka's plans to set up an international financial district bodes well for financial sector development and should be set up with the …
Interest rates unchanged after monetary policy meeting
Nov 24, 2015 (LBO) - Sri Lanka's Monetary Board held interest rates unchanged after a monthly policy meeting citing low inflation and a lack of necessity to …
Major thrust of budget is formalizing economy: Ravi K
Nov 24, 2015 (LBO) - A major thrust of Sri Lanka's budget for 2016 is formalizing the economy to bring in sectors that do not use formal banking channels, the …
No need to raise interest rates, seek IMF funding: CB Governor
Nov 24, 2015 (LBO) - Sri Lanka has no need to raise interest rates at the moment given the loose monetary policy being followed in regional countries such as …
Sri Lanka to increase bursary payment for university students
Nov 20, 2015 (LBO) – Sri Lanka’s Higher Education and Highways Ministry has taken steps to minimize the gap between Mahapola Scholarship holders and …
Sri Lanka to draft legislation to abolish Executive Presidency, improve electoral system
Nov 19, 2015 (LBO) – Sri Lanka plans to draft legislations to abolish the Executive Presidency and to transfer the powers to the Parliament while introducing …
Sri Lanka local authorities act to increase women’s representation to be amended
Nov 19, 2015 (LBO) – Sri Lanka is to amend the local authorities act so as to increase women’s representation in local authorities. Although about 51 …
Innovation crucial for Sri Lanka’s future success: ex central banker
Nov 17, 2015 (LBO) – Sri Lanka’s ability to invent and innovate will be vital for economic development and developed country status, a former central …
Sri Lanka sets standard for plugs and socket outlets
Nov 16, 2015 (LBO) – Sri Lanka’s Public Utility Commission said that it has decided to create an enabling environment to systematically move to using one …
Sri Lanka to restrict revocation of deeds of gift
Nov 12, 2015 (LBO) - Sri Lanka plans to draft legislations to make provision for revocation of irrevocable deeds of gift to provide greater security for …
Sri Lanka to amend Fisheries act, increase penalties for offences in international waters
Nov 12, 2015 (LBO) – Sri Lanka will change the law on governing the operation of fishing vessels in international waters, cabinet spokesman Minister Rajitha …
Interview: State enterprise strategic plan in progress, management skill the biggest issue, says Eran
Nov 11, 2015 (LBO) – Sri Lanka is in the process of making plans to restructure the state owned enterprises and boosting management skill levels, Deputy …
Harsha explains Sri Lanka’s EPF move
Nov 11, 2015 (LBO) – Sri Lanka's new move to separate Employee Provident Fund from the Central Bank would only ensure more security to the fund and end …