Sri Lanka’s Finance Minister denies MR’s charges, GSP+ certain for 4 yrs
June 14, 2017 (LBO) – Sri Lanka’s Finance Minister says even if Sri Lanka was to reach the GSP+ threshold tomorrow, the country would still have access to …
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US rate hike expected to hit borrowers, eyes on equities
June 14, 2017 (LBO) - The U.S. is expected to hike rates by 25 basis points Wednesday which will have ramifications for millions of borrowers who will find it …
SriLankan Airlines adds three Indian cities to route network
Jun 13, 2017 (LBO) - SriLankan Airlines will further strengthen its presence in India with the launch of services to three more cities – Hyderabad, …
Super luxury Majestic Princess calls at Colombo port
Press Release: M.V. Majestic Princess the newest sister ship to Royal Princess and Regal Princess made her maiden call at the Port of Colombo today (12th June …
Sugathadasa Complex to cut Rs2.5mn bill with new solar system
June 12, 2017 (LBO) – Sri Lanka’s foremost institute for the development of sports, the Sugathadasa National Sports Complex Authority, is to install a new …
Sri Lanka police arrest five over religious violence
June 12, 2017 (LBO) - Sri Lanka police have arrested five people including a member of a hardline Buddhist organization for instigating religious violence …
Former Sri Lankan president warns don’t be misled by GSP+ benefits
June 12, 2017 (LBO) - Sri Lanka's former president Mahinda Rajapaksa says fulfilling the conditions to qualify for GSP+ could cause permanent damage to a …
Sri Lanka Treasury issues Rs825bn guarantees in 2016
June 09, 2017 (LBO) – The Treasury Operations Department has issued treasury guarantees and sovereign guarantees of 824.73 billion rupees at the end of the …
Sri Lanka has been living beyond its means: Governor
June 09, 2017 (LBO) - Sri Lanka has been living beyond its means, with recurrent expenditure higher than revenue, Governor of Central Bank Indrajit …
Sri Lankan banks likely to come under capital pressure from Basel III: Fitch
Jun 07, 2017 (LBO) - Sri Lankan banks are likely to come under increased capital pressure from Basel III-related requirements, Fitch Ratings said in a …
Sri Lanka seeks more air connectivity with Gulf region
June 07, 2017 (LBO) – Sri Lanka wants to improve its air connectivity with Gulf countries in order to mitigate the effects of the break off of air …
Sri Lanka cabinet approves Rs5bn capital infusion to People’s Bank
June 07, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to infuse 5 billion rupees to state-owned People's Bank in order to comply with new …
Sri Lanka trade gap widens 34-pct in March
June 07, 2017 (LBO) – Sri Lanka’s trade gap has widened 34.1 percent to 827.5 million US dollars in March from a year earlier, official data from the …
Sri Lanka tourist arrivals down in May 2017 impacted by weather
Jun 07, 2017 (LBO) - Sri Lanka's tourist arrivals were down 2. online pharmacy buy strattera with best prices today in the USA 5 percent to 121,891 in May, …
Saudi Fund for Development to provide credit for Sri Lankan importers
Jun 07, 2017 (LBO) - The Saudi Fund for Development is looking to provide credit facilities for Sri Lankan firms to import raw materials from Saudi Arabia. …
Sri Lanka to develop railway with USD 318mn credit line from India
June 06, 2017 (LBO) - Sri Lanka's Finance Ministry has signed an agreement with the Indian government to receive a US 318 million dollar line of credit …
SriLankan Airlines says flights not affected to Doha, Qatar
June 06, 2017 (LBO) – SriLankan Airlines on Tuesday stated that their flights to Qatar are not affected by diplomatic tensions in the region, though the …
Central Bank denies banks stopped from accepting Qatari Riyals
June 06, 2017 (LBO) – Sri Lanka’s Central Bank on Tuesday categorically denied that the Central Bank has informed banks not to accept Qatari Riyals. …
Hilton to open 140-room resort in Weerawila, Sri Lanka
June 06, 2017 – Hilton signed a management agreement with KDU Adventures (Pvt) Ltd, a subsidiary of KDU Group, to manage the 140-room DoubleTree by Hilton …
Korean Government approves USD200mn for Kandy tunnel
June 06, 2017 (LBO) – The Ministry of Strategy and Finance of Korea has approved 200 million US dollars for the Kandy tunnel construction project, Korean …