Sri Lanka tea prices mixed in Oct 2018
Nov 09, 2018 (LBO) - Sri Lanka's low growns teas continued to meet with good demand, whilst high and mid grown small leaf teas continued to witness downward …
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Sri Lanka tourist arrivals up only 0.5-pct in Oct 2018
Nov 08, 2018 (LBO) - Sri Lanka's tourist arrivals during October 2018 was 153,123 in comparison to October last year, there is a growth of 0.5 percent when the …
Sri Lanka Public Services Trade Union asks Speaker to act on parliamentary majority
Nov 09, 2018 (LBO) - The Public Services National Trade Union Federation called on Speaker Karu Jayasuriya to go along with the 116 legislators who wanted …
Sri Lanka Central Bank rejects recent news articles on increased money printing
Nov 07, 2018 (LBO) – Sri Lanka’s Central Bank on Wednesday rejected newspaper articles published about the increased money printing by the Central Bank in …
Foreign Minister Amunugama says “no justification for changing Travel Advisories”
Nov 02, 2018 (LBO) – Foreign Minister Dr. Sarath Amunugama, said that there was no justification for the Travel Advisories issued by a few countries since …
Sri Lanka moves up 11 notches in Ease of Doing Business Index 2019
Nov 02, 2018 (LBO) – Sri Lanka rose 11 notches in the Ease of Doing Business index 2019 being ranked 100 among 190 economies, the World Bank said. Sri Lanka …
Finance Minister introduces changes to WHT, VAT, Income Tax, Telecom Levy
Nov 01, 2018 (LBO) – Sri Lanka's Prime Minister as the new Finance Minister has given direction to implement a range of initiatives to revive the economy …
Sri Lanka Finance Minister cuts fuel prices under new economic programme
Nov 01, 2018 (LBO) – Given the impact of fuel pricing on all strata of the society especially those engaged in transport, agriculture and fisheries sectors, …
US, Japan, France, Afghanistan new Ambassadors present credentials to President
Nov 01, 2018 (LBO) – New Ambassadors of the United States, Japan, France, and Afghanistan have presented credentials to President Maithripala Sirisena today …
Sri Lanka Parliament to be reconvened on Monday as earlier scheduled
Nov 01, 2018 (LBO) – Sri Lanka’s Parliament will be reconvened on Monday as earlier scheduled, quoting the President, Prime Minister Mahinda Rajapaksa …
S R Attygalle assumes duties as new Secretary to Finance Ministry
Oct 31, 2018 (LBO) – Deputy Secretary to Treasury S R Attygalle who has been appointed as the Secretary to Ministry of Finance and Economic Affairs and the …
Current political crisis in Sri Lanka is credit negative for sovereign: Moody’s
Oct 29, 2018 (LBO) – Moody's says the current political crisis in Sri Lanka is credit negative for the sovereign and the President’s sudden appointment of …
Parliament passes resolution to raise Rs.310Bn under Active Liability Mgmt
Oct 26, 2018 (LBO) – Sri Lanka’s Parliament on Friday passed a resolution to raise up to 310 billion rupees by way of loans, in or outside Sri Lanka under …
Sri Lanka reiterates that Colombo East Terminal will not be given to any country
Oct 25, 2018 (LBO) – East terminal of Sri Lanka’s busiest Colombo port will not be given to any other country as it is being developed by the Sri Lanka …
Let us make this a starting point to double our revenue from tourism: PM
Oct 24, 2018 (LBO) – Sri Lanka should make Lonely Planet’s appreciation as a starting point to double the revenue from tourism, Prime Minister Ranil …
Two weeks not enough to place EOIs for Hyatt and Hilton Hotels: Vasudeva
Oct 23, 2018 (LBO) – Sri Lanka’s government should extend the time period given to investors to place Expressions of Interests (EOIs) for the divestiture …
Sri Lanka introduces Business to Consumer direct transaction under E-commerce
Oct 22, 2018 (LBO) – Sri Lanka's Finance Ministry as envisaged in the Budget-2018 has established a regulatory framework enabling the Sri Lankan companies to …
Finance Ministry justifies divestiture of Hyatt and Hilton Hotels
Oct 22, 2018 (LBO) – Sri Lanka’s Finance Ministry on Monday justifying the divestiture of Hyatt and Hilton Hotels said the decision was taken by the …
Govt. will support retail sector to make Sri Lanka a regional shopping destination: Fin Min
Oct 19, 2018 (LBO) - Opportunities for the retail sector will continue to expand with Sri Lanka recently crossing the US 4,000 dollar GDP per capita …
Mangala reveals fuel pricing formula
Oct 18, 2018 (LBO) - Sri Lanka's Finance Minister Mangala Smaraweera reveled to media the recently introduced fuel price formula calculation method following …