New import rules hurt Sri Lanka’s consumer durable retailers
Oct 03, 2018 (LBO) - Sri Lanka's consumer durable retailers' operating cash flow is likely to weaken following new government regulations that impose a 100 …
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Govt. expenditure for 2019 Rs.4,376Bn : Budget deficit 4.1-pct
Oct 02, 2018 (LBO) - As per the Appropriation Bill, which was presented to the Cabinet recently by Finance and Media Minister, Mangala Samaraweera, next …
Sri Lanka reserves at USD7.3bn; used only USD184mn YTD to defend rupee
Oct 02, 2018 (LBO) – Sri Lanka’s Central Bank says the country currently has 7.3 billion US dollars worth foreign reserves and expects to close this year …
SLASSCOM to host multiple events in Norway and Sweden coinciding with PM’s visit to Oslo
Oct 02, 2018 (LBO) - The Sri Lanka Association for Software and Services Companies (SLASSCOM) will host multiple events in Norway and Sweden with the …
Current policy stance desired, less probability for a rate hike: First Capital Research
Sept 29, 2018 (LBO) – First Capital Research believes that a policy rate change is not required at this moment considering the prevailing economic conditions …
Facebook resets log in tokens of 90 million users after attackers exploited system
Sept 29, 2018 (LBO) – Facebook has discovered a vulnerability that affected almost 50 million accounts after an external actor exploited their systems. buy …
ADB provides USD300Mn for elevated highway
Sept 28, 2018 (LBO) - The Asian Development Bank’s (ADB) has approved a US 300 million dollar loan to help in the construction of about 5.3 kilometers (km) …
US BUILD act passes House; aims to counter China’s debt-trap diplomacy
Sept 27, 2018 (LBO) – United States House of Representatives have approved the inclusion of the Better Utilization of Investments Leading to Development …
FM statement on misreporting of CID investigation regarding Namal Kumara
Sept 27, 2018 (LBO) - The Criminal Investigation Department (CID) is conducting investigations into serious allegations of an alleged conspiracy to …
Sri Lanka’s looks at adaptive social protection to protect poor,vulnerable from disasters
Sept 26, 2018 (LBO) - The key concerns for Sri Lanka are less about extreme poverty; and more about vulnerability to an array of risks like disaster and the …
President to address UN General Assembly today
Sept 25, 2018 (LBO) - President Maithripala Sirisena arrived in New York to attend the 73rd Session of the United Nations General Assembly (UNGA), Sunday. …
Feature: Building Sri Lanka’s resilience to climate change
By World Bank 38-year-old Sivasidambaram Vasugi is the General Manager of one of the first cooperative-owned seed paddy processing centers in Killinochchi, Si …
Maldives elects new President: Abdulla Yameen concedes defeat
Sept 24, 2018 (LBO) - The Maldives, has voted Ibrahim Mohamed Solih, the opposition candidate, as the islands new President, foreign media reports said. …
Sri Lanka’s rupee hits record lows as Central Bank hold rates
Sept 21, 2018 (LBO) - Sri Lanka’s rupee hit an all time low of 168.65/169.00 to the US dollar at the close of day Thursday down from 167.10 the day before …
Sri Lanka records GDP growth of 3.7-pct
Sept 19, 2018 (LBO) - Sri Lanka has recorded a growth of 3.7 percent in Gross Domestic Product in the second quarter of 2018. Growth in the first quarter was …
USD 50Mn from ADB to support Enterprise Sri Lanka’s rooftop solar power project
Sept 19, 2018 (LBO) - The Enterprise Sri Lanka projects which was launched by the Ministry of Finance has received Rs 8 billion ( USD 50 Million) from the …
Iconic developers to invest USD50Mn in Sri Lanka’s real-estate
Sept 18. 2018 (LBO) - Singapore based property developer, Iconic said they are planning to invest US 50 million dollars in Sri Lanka's luxury/semi luxury and …
Sri Lanka tops South Asia in human development index 2017
Sept 18, 2018 (LBO) - Sri Lanka has been classified under the “High Human Development” category, with a Human Development Index value of 0.770 , and ranked …
Lankapak 2018 concludes with Rs.10Mn initiatives launched to boost SME packaging
Sept 17, 2018 (LBO) - Sri Lanka's Lankapak 2018 concluded over the week-end with strong Indian participation and 10 million rupees initiatives launched to …
Super luxury MV Viking Orion calls at Sri Lanka’s Colombo port
Sept 17, 2018 (LBO) - The super luxury MV Viking Orion made her maiden call at the Port of Colombo last week. MV Viking Orion one of the world’s most modern …