Amalgamation of Janashakthi General with Allianz Insurance completed
Oct 15, 2018 (LBO) - Allianz Insurance Lanka Limited (Allianz Lanka) said, the acquisition of Janashakthi General Insurance in February 2018, has now been …
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Sri Lanka successfully launches a platform to define the Indian Ocean’s future
Oct 15, 2018 (LBO) - Sri Lanka's Prime Minister Ranil Wickremesinghe,highlighted the need to maintain freedom of navigation and freedom of digital connectivity …
Sri Lanka introduces national standard for mobile QR code payments
Oct 12, 2018 (LBO) – Sri Lanka’s Central Bank has introduced a National Quick Response (QR) Code Standard for local currency payments with the aim of …
Central Bank says Cabraal’s comments on rupee depreciation misleading
Oct 12, 2018 (LBO) – Central Bank says the allegations made by former Governor Nivard Cabraal in a recent newspaper article that the Central Bank has …
Price controls dominate political debate but may not help consumers: Report
Oct 10, 2018 (LBO) - A new report by The Advocata Institute, titled “Price Controls in Sri Lanka: Political Theatre” finds that consumer price controls …
Sri Lanka FM interview ahead of IMF and WB annual meet on global trade, economy
Oct 10, 2018 (LBO) - Global finance and reserve bank chiefs will gather this week in Bali, Indonesia for the annual gathering of the International Monetary …
CMC pays up in order for SLLRDC to resume garbage collection
Oct 10, 2018 (LBO) - The Megapolis and Western Development Ministry yesterday said Colombo Municipal Council (CMC) made an advance payment of 100 million …
We do not expect govt. to implement a price formula for electricity soon: Fitch
Oct 09, 2018 (LBO) – Fitch Ratings on Tuesday said that they do not expect the government to raise electricity tariffs or implement a cost-reflective pricing …
Sri Lanka earnings from tourism up: Workers’ remittances decline marginally in July 2018
Oct 09, 2018 (LBO) - Sri Lanka’s external sector recorded a moderate performance in July 2018. The trade deficit continued to widen in July 2018 …
Sri Lanka to integrate SMEs into formal sector to facilitate their growth : Fin Min
Oct 09, 2018 (LBO) - Sri Lanka's Minister of Finance said the government aims to integrate small and medium scale enterprises into an official sector and …
Palm Oil industry rejects vilification of crop as “baseless and unscientific”
Oct 08, 2018 (LBO) - The vilification of oil palm in Sri Lanka on the grounds of the crop’s purported adverse impact on the environment is completely …
Sri Lanka has potential to more than double it’s exports to South Asia Region: WB
Oct 08, 2018 (LBO) - If trade barriers are overcome, trade within South Asia can increase three-fold, from 23 billion US dollars to 67 billion US dollars, …
Deregulation of real estate market to boost foreign investment :JLL
Oct 08, 2018 (LBO) - Real estate consultancy JLL Lanka commended the passing of recent legislation pertaining to foreign ownership of land in Sri Lanka, noting …
ICJ orders US to ease Iran sanctions; India to continue purchasing crude oil from Iran
Oct 07, 2018 (LBO) – India will buy a total of 9 million barrels of oil from Iran in November, foreign media reported yesterday, citing an industry source, …
Sri Lanka targets USD2.5Bn FDI in 2018
Oct 05, 2018 (LBO) - Sri Lanka is targeting 2.5 billion US dollars worth of foreign direct investments (FDI) for 2018 from 1.63 billion US dollars in 2017, a …
Fuel price formula will be useless if we reveal it: CBSL Senior Deputy Governor
Oct 05, 2018 (LBO) – Senior Deputy Governor of Sri Lanka’s Central Bank, Nandalal Weerasinghe says that the fuel price formula will be useless if everyone …
Tourist arrivals to Sri Lanka up 2.8-pct in September with largest source from India
Oct 05, 2018 (LBO) – Tourist arrivals to Sri Lanka were up 2.8 percent to 149,087 in September 2018 from a year earlier, official data showed. Last month, …
President, NEC hold discussions on devaluation of rupee and economy
Oct 05, 2018 (LBO) - Special attention was drawn at a discussion regarding the promotion of Sri Lanka’s export sector and managing the devaluation of the …
Sri Lanka tea prices marginally up in Sept 2018
Oct 04, 2018 (LBO) - Auction average for the month of September 2018 totalled Rs.537.77 compared to Rs.534.02 of August 2018 showing a marginal increase of …
Ceylon Motor Traders Association pushing for registration of vehicle importers
Oct 04, 2018 (LBO) – Ceylon Motor Traders Association (CMTA) suggests that the Government implements a scheme to register vehicle importers as it could be a …