Sri Lanka ministers need good vehicles to serve people: Rajitha
June 08, 2016 (LBO) – Sri Lanka’s ministers should be given proper vehicles to serve the public though there may be public resistance to tax-free vehicles, …
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Sri Lanka exports, imports decline; trade gap shrinks in February
June 07, 2016 (LBO) – Sri Lanka’s exports fell 1.7 percent to 887.7 million US dollars in February, while imports fell at a faster 5.9 percent to 1,439.3 …
IMF approves 36-month EFF facility of USD1.5 Bln to Sri Lanka
June 04, 2016 (LBO) - The Executive Board of the International Monetary Fund (IMF) has approved a 36-month Extended Fund Facility (EFF) to Sri Lanka for 1.5 …
Korean firm wants to revive KKS cement with USD450mn investment
June 03, 2016 (LBO) - Korea's AFKO group is interested in reviving the Kankesanthurai cement plant with a 450 million dollar investment, the Ministry of …
Sri Lanka drops Bus Rapid Transport proposal from Megapolis
June 02, 2016 (LBO) – The transport committee of Sri Lanka's Western Megapolis has dropped an earlier proposal to introduce a Bus Rapid Transport (BRT) …
Neoliberalism oversold? Inequality throttles growth, say IMF economists
June 02, 2016 (LBO) - Instead of delivering growth, some neoliberal policies increase inequality which in turn jeopardize sustainable development, three IMF …
Federal proposal among Sri Lankan views on constitutional reform: PRC
June 01, 2016 (LBO) – Sri Lanka’s Public Representations Committee (PRC) on constitutional reforms has received various proposals from the public including …
Sri Lanka to sign MoU with Singapore’s Surbana Jurong to develop Trinco
Jun 01, 2016 (LBO) – Sri Lanka’s Minister of International Trade said that Surbana Jurong, a firm specializing in urbanization and infrastructure …
Shangri-La opens 145-acre resort in Hambantota Sri Lanka
June 01, 2016 (LBO) - Shangri-La opened its 145-acre Hambantota Resort & Spa in the Southeast Sri Lanka on Wednesday, one of the major hotel chains to …
SL Funds: Equity Unit Trusts now outperform market, says Guardian Acuity
May 27, 2016 (LBO) - There's good news in fund management. Most of the professionally managed funds that invest in the Colombo market tend to outperform the …
Sri Lanka’s Islamic Finance sector growing, lacks skilled staff: report
May 26, 2016 (LBO) – Sri Lanka’s Islamic Finance sector continues to grow steadily but lacks staff that are qualified and have technical knowledge, the …
Sri Lanka’s promised reforms, repeal of PTA delayed: Int. Crisis Group
May 25, 2016 (LBO) - Sri Lanka's reform agenda has slowed and the Tamil minority is beginning to doubt the government's ability to fulfill pledges made, the …
Upper limit for Sri Lanka bank leasing to be imposed: Finance Minister
May 18, 2016 (LBO) - Several changes to Sri Lanka's financial services will be enacted soon such as leasing services offered by banks, Finance Minister Ravi …
Crisis-hit Venezuela near collapse, says new oil deal with China
May 17, 2016 (LBO) - Venezuela says it has reached a deal with China to improve loan terms as falling oil prices have driven the oil-exporting country into …
Joint Opposition MP imports first tax-free vehicle for this year
May 11, 2016 (LBO) – A Parliamentarian aligned with the joint opposition has imported a brand new Range Rover under the tax-free vehicle scheme of the …
OTT services, threat to Sri Lankan Telco revenues and state taxes: Dialog Chief
May 10, 2016 (LBO) – Sri Lanka’s telco industry may face a threat of increasing severity arising from revenue erosion due to the impact of Over the Top …
Panama Papers goes online with Sri Lankan companies on list-Updated
May 09, 2016 (LBO) - The International Consortium of Investigative Journalists on Monday released a searchable database of more than 200,000 offshore entities …
KLM to resume flights to Sri Lanka after nearly 20 years
May 09, 2016 (LBO) - KLM Royal Dutch Airlines says it will resume flights to Sri Lanka from October after almost 20 years of staying away due to the conflict …
Amazon climbing, we’ve crossed rubicon in climate change: Chamath Palihapitiya
May 09, 2016 (LBO) - Chamath Palihapitya, the Sri Lankan-born venture capitalist and tech visionary, highlighted several industry trends recently, ranging from …
Structures of a nation at war still in place, say UN Rapporteurs
May 09, 2016 (LBO) - Sri Lanka needs to remove many of its war time practices that are still in place that limit freedoms and rights of the populace, a United …