Sri Lanka’s FIU and Inland Revenue to share info
Oct 25, 2016 (LBO) - Sri Lanka's Central Bank says its Financial Intelligence Unit (FIU) has entered into a memorandum of understanding with the Department of …
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Danish delegation to look at infrastructure in Sri Lanka
Oct 25, 2016 (LBO) - A business delegation is due from Denmark to look at investment opportunities in Sri Lanka in in energy, infrastructure and water. “The …
UN to look at innovative development, policy support in Sri Lanka
Oct 24, 2016 (LBO) – United Nations resident coordinator Una McCauley says the United Nations needs to move away from immediate humanitarian engagements into …
Issues of fisherfolk affected by Colombo Financial City to be discussed
Oct 24, 2016 (LBO) - Sri Lanka's Ministry of Megapolis has appointed a committee to look into the grievances being voiced by the fishing community due to the …
Sri Lanka introduces electronic card to charge electric vehicles
Oct 24, 2016 (LBO) – Sri Lanka’s Power Ministry has introduced a new rate structure and an easy-to-use electronic card when charging electric vehicles. As …
Acceptance of e-documents an urgent matter: Sri Lankan companies
Oct 24, 2016 (LBO) - Sri Lanka's trading companies say acceptance of electronic documents is a matter that requires urgent attention. online pharmacy buy …
Sri Lanka inflation accelerates to 4.7-pct in September
Oct 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose to 4.7 percent in September from the 4.5 percent …
Sri Lanka to issue gazette reducing essential drug prices today
Oct 21, 2016 (LBO) – The special gazette notification announcing the price reduction of 48 essential medical drugs will be issued midnight today, Health …
Sri Lanka central bank considers revamping primary auctions
Oct 21, 2016 (LBO) - Sri Lanka's Central Bank is considering revamping the Primary Auction system for government securities, sources said. The proposed system …
World Bank raises 2017 forecast for crude oil to USD55 per barrel
Oct 21, 2016 (LBO) - The World Bank is raising its 2017 forecast for crude oil prices to 55 US dollars per barrel from 53 per barrel following OPEC's …
Ceylon Chamber welcomes relaxing export proceeds rule
Oct 20, 2016 (LBO) – Ceylon Chamber of Commerce has welcomed the move to ease the rule on repatriation of export earnings, increased from the earlier 90 days …
Sri Lanka allocates Rs1.8tn for 2017 in Appropriation Bill
Oct 20, 2016 (LBO) – Sri Lanka’s government has allocated 1,819 billion rupees to meet the estimated expenditure requirements of next year through the …
Sri Lanka to develop IT platform for tea with Rs220mn
Oct 19, 2016 (LBO) – Sri Lanka is to introduce an industry-wide and real-time IT solution to integrate functions associated with tea in order to improve …
Sri Lanka to regulate petroleum industry through PUCSL
Oct 19, 2016 (LBO) - Sri Lanka’s cabinet has approved appointment of the Public Utilities Commission as the regulator of the petroleum industry. "The …
Sri Lanka to conduct feasibility studies for 5 LRTs excluded by JICA
Oct 19, 2016 (LBO) – Sri Lanka’s cabinet has approved conducting of detailed feasibility studies for five remaining light railway transits (LRTs) with an …
Sri Lanka Central Bank resolves four insolvent institutions
Oct 19, 2016 (LBO) - Sri Lanka's Monetary Board says it has approved repayments to depositors and investors in four insolvent financial institutions. The …
Sri Lanka’s power users to be compensated for damages: PUCSL
Oct 19, 2016 (LBO) - Sri Lanka's electricity consumers will be compensated for the damages to equipment due to abnormal voltages and phase reversals in the …
Opinion: Perpetual and the problem of unfettered capitalism
By Chamath Ariyadasa Questions about rampant capitalism are raised not just in Sri Lanka but in all developed financial markets. Hence, calls for a more …
Finance Minister obtains proposals for budget from Ceylon Chamber
Oct 18, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake recently met with the committee members of the Ceylon Chamber of Commerce to obtain …
Sri Lanka exports, imports decline; BOP in surplus
Oct 17, 2016 (LBO) – Sri Lanka’s exports fell 4.4 percent to 891.2 million US dollars in July, while imports also fell at a faster 6. buy stendra online …