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 …
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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 …
Sri Lanka’s CCC and Police to discuss law enforcement matters
Sept 08, 2016 (LBO) - The Ceylon Chamber of Commerce, the National Police Commission and the Sri Lanka Police says they will will hold a seminar with the …
LBR LBO Infrastructure Summit 2016 to focus on transformative power of “Western Region Megapolis Project”
Sep 08, 2016 (LBO) - Leading local and foreign urban planners, legal experts, technology professionals, policy makers, academics, researchers and senior …
Sri Lanka tourist arrivals up 11.8-pct in Aug 2016, China tops India
Sep 07, 2016 (LBO) – Tourist arrivals to Sri Lanka rose 11.8 percent in August to 186,288 visitors compared with the same month last year, official data …
IMF’s Lagarde urges action to deliver on G20’s Hangzhou commitments
Sept 06, 2016 (LBO) - Christine Lagarde, Managing Director of the International Monetary Fund (IMF), called on the leadership of the Group of 20 (G20) to …
Sri Lanka exports fell 5-pct in June, trade gap widens 6-pct
Sept 05, 2016 (LBO) – Sri Lanka’s exports fell 5.0 percent to 897 million US dollars in June 2016, while imports dropped a slower 0.2 percent to 1,676 …
Ban Ki-moon sees development, commends steps towards reconciliation
Sept 05, 2016 (LBO) - UN Secretary General Ban Ki-moon said he had seen economic development in the island since his last visit in 2009, and commended steps …
Indian Ocean Region, significant playing field for big powers: PM
Sept 02, 2016 (LBO) – Sri Lanka’s Prime Minister says the Indian Ocean region has always been a significant playing field for big powers and historically …
Sri Lanka expected to hold rates steady in 2016: Stan Chart
(Corrected to reflect typo in report. USD/LKR seen at 152 by end 2017) Sept 02, 2016 (LBO) - Sri Lanka is expected to hold interest rates steady for the rest …
HNB approves USD50 mln share issue to ADB, up to 9.9 pct stake
Sept 01, 2016 (LBO) - The Hatton National Bank PLC board has approved issuing shares for 50 million dollars to the Asian Development Bank by way of a private …
Sri Lanka’s Volkswagen project temporarily halted: Minister
Aug 29, 2016 (LBO) – The proposed project to set up a Volkswagen car plant in Sri Lanka has temporarily been halted, Deputy Minister of Public Enterprise …
Sri Lanka’s tea industry opposes state interference to use levy
Aug 29, 2016 (LBO) – Sri Lanka’s tea industry players have opposed the Finance Ministry’s move to appropriate the funds accumulated by Tea Board, …
Singapore’s decision to air-gap public sector closely watched
Aug 29, 2016 (LBO) - Singapore is working on how to "air gap" web access for public servants as a defense against cyber attacks, a media report said.buy …