President orders IGP to identify VIP security vehicles
Dec 01, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has ordered the Inspector General of Police to report back to him about those who use a …
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Moody’s maintains stable outlook on Sri Lankan banking sector
Dec 01, 2016 (LBO) - Moody's Investors Service has maintained its stable outlook on Sri Lanka's banking system, as moderate economic growth and reduced …
Sri Lanka approves two wind power plants in Chunnakam
Dec 01, 2016 (LBO) - Sri Lanka's cabinet has given the approval to award tenders establish two wind power plants of 10 megawatts each in Chunnakam. "The …
New legal framework for solar in Sri Lanka, no more licences
Nov 30, 2016 (LBO) - Sri Lanka's power regulator, Public Utilities Commission of Sri Lanka (PUCSL), has decided to remove the legal barriers for consumers who …
Sri Lanka to improve essential utility services in Western Megapolis
Nov 30, 2016 (LBO) – Sri Lanka’s cabinet has granted approval to improve new utilities and infrastructure required for the Western region Megapolis. It is …
Sri Lanka’s budget headed in right direction: IMF
Nov 30, 2016 (LBO) - Sri Lanka's budget for 2017 is headed in the right direction, especially in terms of primary deficit reduction, Eteri Kvintradze, the …
Monetary Board holds interest rates unchanged
Nov 29, 2016 (LBO) - Sri Lanka's Monetary Board held interest rates unchanged after a monthly policy meeting with excessive credit growth beginning to slow and …
Sri Lanka must aim for sustainable, inclusive growth: Governor
Nov 25, 2016 (LBO) - Sri Lanka must aim for sustainable as well as inclusive growth, Central Bank Governor Indrajit Coomaraswamy said on Thursday, speaking to …
Sri Lanka’s government seeks public views to regulate news
Nov 23, 2016 (LBO) – Sri Lanka’s cabinet nod has been received to obtain public opinion with regard to establishing an independent board to regulate news …
Sri Lanka poised for a shopping spree, basic goods drive demand
Nov 23, 2016 (LBO) - Sri Lankans still demand basic products such as refrigerators and washing machines due to the country’s low penetration levels …
SL-China trade crosses USD4bn, 93-pct imports from China
Nov 23, 2016 (LBO) – Bilateral trade between Sri Lanka and China has crossed the 4 billion US dollar threshold for the first time last year, the industry and …
Korea Eximbank to establish two vocational training institutes
Nov 23, 2016 (LBO) - The Export-Import Bank of Korea (Korea Eximbank) will support establishing two vocational training institutes in Sri Lanka, namely, …
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 …
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 …