Sri Lanka balances investments across India, China and Japan: official
Nov 23, 2016 (LBO) - Sri Lanka is internationalizing key investments in infrastructure across three Asian nations India, China and Japan, a government official …
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Sri Lanka condominium developers welcome budget 2017
Nov 22, 2016 (LBO) – Sri Lanka’s Condominium Developers Association which represents the condominium developers in the country has hailed the budget …
Virtusa announces USD210 mln Q2 revenue, up 46.9 pct
Nov 22, 2016 (LBO) - Virtusa Corporation, a global business consulting and IT outsourcing company, with Sri Lankan founders, reported revenue for the second …
Chinese-made city near Singapore to reshape real estate
Nov 22, 2016 (LBO) - A 100 billion dollar Chinese-made city in Malaysia, near the border of Singapore, is set to reshape real estate in the region. Country …
Sri Lanka nation-wide inflation accelerates to 5-pct in October
Nov 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose to 5.0 percent in October from the 4.7 percent reported …
ADB to support infrastructure reforms, revenue is key challenge
Nov 21, 2016 (LBO) - Further structural reforms are needed to strengthen the Sri Lankan economy, which has been slow to attract private investment and is …
Seize the opportunity for investment, says Sri Lanka’s Finance Minister
Nov 21, 2016 (LBO) - The Minister of Finance has called on local and foreign entrepreneurs to seize the opportunity given by the government to invest in Sri …
IMF approves USD162.6mn disbursement to Sri Lanka
Nov 19, 2016 (LBO) – IMF Executive Board has completed its first review of Sri Lanka’s Extended Fund Facility (EFF) arrangement, which enables the …
Sri Lanka to finalize Hambantota port deal by next month
Nov 18, 2016 (LBO) – Sri Lanka expects to finalize the deal with regard to the loss-making Hambantota port within three weeks, Ports Minister said. Minister …
Supreme Court upholds right to sing National Anthem in Tamil
Nov 18, 2016 (LBO) - A fundamental rights case challenging the legality of playing the National Anthem in the Tamil language at the Independence Day …
Sri Lanka power regulator worried over delayed power plant construction
Nov 18, 2016 (LBO) – Sri Lanka's Public Utilities Commission has issued a directive to CEB expressing its grave concern over the delay in constructing the …
LBR LBO DEBRIEF to focus on unfolding economic and geo-political landscape
Nov 18, 2016 (LBO) - The fourth edition of the “Economic and Business Climate Outlook 2017” will offer an overview of emerging Asia and the Sri Lankan …
Sri Lanka budget signals continuity, but implementation key: CCC
Nov 17, 2016 (LBO) - Sri Lanka's budget 2017 has signaled continuity in the economic policy priorities of the government, but successful implementation should …
Verité identifies weakness in Sri Lanka’s public procurement
Nov 17, 2016 (LBO) – Verité Research, a private think tank, has identified three key weaknesses in public procurement in Sri Lanka. The study by the …
SLT to power Lanka Government Network, LGN 2.0
Nov 17, 2016 (LBO) - Sri Lanka Telecom has been chosen as the total communication service provider and communication infrastructure provider to the Lanka …
Sri Lanka offers long-term contracts to import refined petro products
Nov 17, 2016 (LBO) –Sri Lanka’s cabinet has granted its approval to offer three longer term contracts to Indian and Singapore companies to purchase refined …
Sri Lanka planters warn on land redistribution budget proposals
Nov 16, 2016 (LBO) - The Planters’ Association of Ceylon (PA) said it has serious reservations as to the feasibility and potential impact of recent budget …
Sri Lanka revenue reform a step toward stronger finances: Fitch
Nov 16, 2016 (LBO) - Sri Lanka's budget 2017 proposed tax hikes will strengthen the revenue base although some of the revenue assumptions look optimistic and …
Sri Lanka’s prospects for LNG investment high, especially from Japan: advisory firm
Nov 16, 2016 (LBO) - Sri Lanka's prospects for attracting investments in LNG, power plants, and natural gas infrastructure are good, especially if the island …
Lanka Sugar Company turns loss into Rs1bn profit
Nov 15, 2016 (LBO) – Lanka Sugar Company, which includes Pelwatte and Sewanagala sugar factories, has recorded a profit of 1,018 million rupees for the first …