Central Bank violated the law on past issuances of treasury bonds: Fin Min-Updated
(Updated with comments from press conference) Feb 27, 2017 (LBO) - Finance Minister Ravi Karunanayake has accused former president Mahinda Rajapaksa and the …
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Sri Lankans consume quarter of recommended dairy intake: experts
Feb 27, 2017 (LBO) - Helping local farmers overcome challenges through training will lead to a thriving dairy industry by addressing nutritional gaps and …
Sri Lanka to make govt securities Euroclearable
Feb 23, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to sign a MOU with Euroclear Bank making all existing and future government security …
Sri Lanka to extend credit information service providers
Feb 22, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to gazette and submit the final draft of the Credit Information Service Providers Act to …
Hotel Nippon opens to public after Rs400mn refurbishment
Feb 23, 2017 (LBO) - Sri Lanka's Hotel Nippon has reopened for tourists looking for a more sophisticated level of accommodation with a 400 million rupee …
Sri Lanka to set up special company to fund highway projects
Feb 23, 2017 (LBO) – Sri Lanka’s cabinet has approved establishing a special infrastructure company to seek funding for critical infrastructure projects, …
Sri Lanka’s BPPL Holdings latest entrant to CSE with IPO
Feb 22, 2017 (LBO) - Sri Lanka's BPPL Holdings Limited, (Beira Group), a leading brush manufacturer, will be entering the Colombo Stock Exchange next month …
Sri Lanka’s Nestlé unit net up 34-pct in December quarter
Feb 22, 2017 (LBO) – Profits at Nestlé Lanka, a unit of a Swiss-based food group, rose 34 percent to 860 million rupees in the December 2016 quarter from a …
Sri Lanka to modernize procurement with electronic system
Feb 21, 2017 (LBO) - Sri Lanka will be making its public procurement more efficient and transparent with the introduction of an electronic system, the minister …
Sri Lanka rated ‘Mostly Unfree’ in new report: Heritage Foundation
Feb 21, 2017 (LBO) - Sri Lanka slipped to be rated as a ‘Mostly Unfree’ country this year in the Index of Economic Freedom, with the lack of government …
Sri Lanka’s public sector expanded 39-pct during past decade
Feb 21, 2017 (LBO) – Sri Lanka’s public sector, excluding the semi government sector and three forces, expanded 39 percent in the last ten years, a census …
Sri Lanka may stop hydro power generation by end April
Feb 20, 2017 (LBO) – Sri Lanka will have to stop hydro power generation by the end of April if the prevailing dry weather condition continues, the power …
World’s largest car, truck carrier to call at Hambantota port
Feb 20, 2017 (LBO) - MV Hoegh Tracer, the world’s largest pure car and truck Carrier (PCTC), belonging to Hoegh Autoliners AS, Oslo, is scheduled to call at …
Sri Lanka-Singapore FTA to be finalised in 2017: Singapore PM
Feb 20, 2017 (LBO) - The Free Trade Agreement (SLSFTA) between Sri Lanka and Singapore will hopefully be finalised this year, Singapore Prime Minister Lee …
Sri Lanka to review public sector cadre, redeploy excess
Feb 17, 2017 (LBO) – Sri Lanka will conduct a cadre review to determine the total cadre requirement of the public sector and provincial councils. The review …
Sri Lanka to forge ahead despite external pressures: Ravi
Feb 17, 2017 (LBO) - Sri Lanka's finances are improving despite global turmoil, Brexit and higher interest rates in the US, backed by a Fitch Ratings outlook …
Sri Lanka’s NITF gets reinsurance cover for agriculture
Feb 17, 2017 (LBO) - Sri Lanka's National Insurance Trust Fund says they have procured a reinsurance program for its agriculture insurance schemes. "This …
Google loon may leave Sri Lanka, corruption accusation baseless: Harin
Feb 16, 2017 (LBO) – Sri Lanka’s controversial Google loon pilot project may be withdrawn from the country as a result of a spectrum issue with the …
With foreign debt servicing of USD4 bil, cabinet approves sovereign bond
Feb 16, 2017 (LBO) – Sri Lanka’s Finance Minister says the island's total domestic and foreign debt service payments for 2017 is estimated to be around …
Indonesia donates 5,000MT of rice to Sri Lanka
Feb 15, 2017 (LBO) The Indonesian government will donate 5,000 metric tonnes of rice to Sri Lanka following a request of President Maithripala Sirisena …