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 …
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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 …
Sri Lankan market crowded, Asian telcos under pressure in 2017: Fitch
Nov 15, 2016 (LBO) - Sri Lanka continues to be a crowded market with five operators serving a population of 21 million and set for consolidation, Fitch Ratings …
Sri Lanka’s e-commerce industry poised to take off: JLL
Nov 15, 2016 (LBO) – Sri Lanka’s online retail industry growing fast due to lack of physical infrastructure like shops and malls, Jones Lang LaSalle, …
Sri Lanka budget promotes inclusive growth: Lanka Securities
Nov 15, 2016 (LBO) - Sri Lanka's budget 2017 promotes inclusive growth with an emphasis on education, infrastructure, SMEs and incentives for business, …
Reconciliation a priority for Sri Lanka’s government: Harsha De Silva
Nov 15, 2016 (LBO) - Reconciliation is a priority for Sri Lanka's unity government and transitional justice is an important aspect of this, Deputy Foreign …
Sri Lanka to introduce new law protecting foreign reserves
Nov 11, 2016 (LBO) – Sri Lanka has proposed to introduce a new Foreign Exchange Act to protect foreign reserves from irregular transactions. Finance Minister …
Education a priority, free tablets for students: Budget
Nov 11, 2016 (LBO) - Sri Lanka will prioritize education and give free tablet computers to students and teachers in 2017, the government said in budget …
Sri Lanka property restrictions on foreigners relaxed: Budget
Nov 11, 2016 (LBO) - The Finance Minister in Budget 2017 announced measures to relax restrictions placed on property and land with regard to foreigners, and to …
Sri Lanka budget 2017: tax and revenue proposals
Nov 11, 2016 (LBO) - Finance Minister Ravi Karunanayake in his Budget 2017 speech in parliament Thursday proposed several measures to improve government …