Infrastructure: Friction free inter-agency cooperation key, says PUCSL DG
Sep 26, 2016 (LBO) – Sri Lanka needs mechanisms and skills to manage multiple agency involvement in order to ensure the proper and timely implementation of …
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Fund flows into emerging markets at three-year high
Sept 26, 2016 (LBO) - After cash outflows over the last few years, money flowing back into emerging markets has hit a three-year high. Investors have chanelled …
Infrastructure: Sri Lanka should rethink housing for urbanizing population
Sep 23, 2016 (LBO) - Sustainable city development will need to entail alternative housing for urban poor as they are service providers for city dwellers, …
Sri Lanka’s Financial Intel Unit signs MOU with Singapore authority
Sept 22, 2016 (LBO) - The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU) has entered into a memorandum of understanding with the Suspicious …
Infrastructure: Port city to transform Colombo, boost facilities
Sep 22, 2016 (LBO) – Sri Lanka’s planned Port City project says its vision is to offer a modern and sustainable lifestyle without comprising services …
New markets needed to offset Sri Lanka Tea downturn: OBG
Sept 21, 2016 (LBO) - Adverse weather conditions, combined with rising costs and greater competition, threaten to weaken Sri Lanka’s position in the global …
Sri Lanka committee to look in to Norochcholai environmental issues
Sep 21, 2016 (LBO) - Sri Lanka’s Public Utilities Commission (PUCSL) has appointed a 7 member committee to look at the environmental damage allegations that …
No liberalization of professionals under upcoming FTAs: Kelegama
Sept 20, 2016 (LBO) – Sri Lanka’s bilateral free trade agreements that are currently being considered have no liberalization of professionals, a senior …
Interview: Sri Lanka stock earnings +6 pct in June quarter, valuations improve
Sept 20, 2016 (LBO) - Sri Lankan listed companies posted earnings of 49.9 billion rupees in the quarter to June, up six percent from the same quarter last …
Sri Lanka should add 1275MW to grid by 2020: PUCSL
Sep 19, 2016 (LBO) - Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has given the nod for the Ceylon Electricity Board’s (CEB) to add …
Sri Lanka vehicle registrations rebound from July lows: JB
Sept 19, 2016 (LBO) - Sri Lanka vehicle registrations saw a rebound in August from the July lows in the categories of small cars, three-wheelers, two-wheelers …
Sri Lanka GDP expands 2.6-pct in second quarter 2016
Sept 15, 2016 (LBO) – Sri Lanka’s economy expanded 2.6 percent in the second quarter of 2016 from a year earlier, led by services activities, the state …
Sri Lanka revises VAT threshold for wholesale & retail trade
Sept 14, 2016 (LBO) – Sri Lanka’s cabinet has approved a new draft bill revising the VAT liable threshold for wholesale and retail trade, a cabinet …
Sri Lanka budget deficit to be 4.7-pct in 2017, FinMin tells IMF
Sep 14, 2016 (LBO) - Sri Lanka's Finance Minister said that the island plans on reducing the budget deficit to 4. online pharmacy buy doxycycline with best …
Sri Lanka’s cabinet approves VAT increase: State Finance Minister
Sept 13, 2016 (LBO) – Sri Lanka’s Cabinet has approved the VAT increase in principle as required by the Supreme Court judgment, State Finance Minister …
Sri Lanka’s unemployment 4.2-pct in first quarter 2016
Sep 13, 2016 (LBO) - Sri Lanka's unemployed is estimated as 349,686 during the first quarter 2016 and the unemployment rate was 4.2 percent, marginally down …
Sri Lanka foreign reserves up USD125mn in August: Central Bank
Sept 12, 2016 (LBO) – Sri Lanka’s official reserves rose 124.7 million US dollars to 6.6 billion dollars in August, up from 6.5 billion dollars end of …
Hanjin shipping bankruptcy to have indirect impact on Sri Lanka
Sept 10, 2016 (LBO) - The filing for bankruptcy by South Korean container shipper Hanjin Shipping will have an indirect impact on Sri Lanka with reduced space …
Sri Lanka to adopt chip card system before end 2017: Central Bank
Sept 09, 2016 (LBO) – Sri Lanka is looking at completely adopting the more secure and efficient chip card system before the end of next year, a Central Bank …
Walkers Piling commences Sri Lanka’s first sea piling project
Sept 08, 2016 (LBO) – Sri Lanka's Walkers Piling, a subsidiary of MTD Walkers, announced that they have commenced work on Sri Lanka’s first sea piling …