Government uses an unseen formula to manipulate fuel prices: MR
July 12, 2018 (LBO) – Sri Lanka’s ex-President Mahinda Rajapaksa alleges the government for what he called fleecing the public through fuel price …
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Transparency in tender procedures vital for attracting FDI inflows to Sri Lanka :EU
Jul 11, 2018 (LBO) - The 6th EU- Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade recently. Many of the …
Prevailing political uncertainty affects investor confidence: First Capital Research
July 11, 2018 (LBO) – Prevailing policy uncertainty created through the political uncertainty is a major deterrent which may slow down the gradual …
Pidilite opens new adhesive manufacturing plant in Polgahawela
Jul 11, 2018 (LBO) - A state-of-the-art manufacturing plant of Pidilite Lanka (Private) Limited was formally commissioned at Polgahawela in Sri Lanka’s …
Sri Lanka President, Fin Min agree to go ahead with fuel price formula, Prices hiked
Jul 10, 2018 (LBO) - Sri Lanka's President and Finance Minister following meeting earlier Tuesday decided to revise its fuel prices according to an earlier …
Simplifying exporter registration process is critical for export success: Study
July 10, 2018 (LBO) – Sri Lanka’s current exporter registration process is unnecessarily lengthy, inefficient and unduly burdensome especially for Small …
Thailand PM to visit Sri Lanka, negotiations for a possible FTA
July 10, 2018 (LBO) – Prime Minister of Thailand, General Prayut Chan-o-cha will undertake an official visit to Sri Lanka on 12 and 13 July 2018. This visit …
Sri Lanka needs to politically, financially revitalize and empower local governments: PM
Jul 10, 2018 (LBO) - Sri Lanka's Prime Minister said that the island needs to reconsider the structure of it's local governments as concepts such as …
SLASSCOM elects new chairman, board, and general council for 2018/2019
Jul 09, 2018 (LBO) - SLASSCOM, a representative body that represents growth of the Sri Lankan IT and BPM Industry elected Jeevan Gnanam, chief executive …
Sri Lanka’s govt gets USD 50Mn loan from OPEC fund for international development
Jul 09, 2018 (LBO) - Sri Lanka's government signed a loan agreement for obtaining financial assistance of US 50 million dollars from OPEC fund for …
ADB grants US 9.5Mn for Govt’s women entrepreneurs finance initiative
Jul 09, 2018 (LBO) - The Asian Development Bank has signed an grant agreement of US 9.5 million dollars for the Women Entrepreneurs Finance Initiative (We …
Fuel pricing chaos: Gov Info Dept says CPC will sell fuel at previous rates
July 06, 2018 (LBO) – Government Information Department says the Ceylon Petroleum Corporation has decided to sell fuel at the previous rates. Director …
Sri Lanka gross official reserves improve to USD 9.2 bn by end June
July 06, 2018 (LBO) – Sri Lanka’s gross official reserve position is estimated to have improved to around 9.2 billion US dollars by end June 2018, compared …
Central Bank maintains policy interest rates at current levels
July 06, 2018 (LBO) – Monetary Board of the Central Bank, at its meeting held on 05 July 2018, has decided to maintain policy interest rates at their …
Sri Lanka continues upward trend in tourist arrivals: June up 19.0-pct
Jul 05, 2018 (LBO) - Sri Lanka's tourist arrivals was up 19.0 percent to 146,828 in June 2018 from an year ago driven by the islands two largest source …
‘The Frozen Fire’, first Sri Lankan movie to enter mainstream category at Oscars
Jul 05, 2018 (LBO) - For the first time in the history of Sri Lankan film industry, a movie from the local industry will vie for Oscars 2019. The movie …
JKH hits post war valuation lows as second Balendra era beckons
Jul 04, 2018 (LBO) - The Colombo Stock Exchange has had a tough 2018, and there is no stock where this is more apparent than John Keells Holdings (JKH). JKH …
Transparency International calls for four key amendments to National Audit Bill
Jul 04, 2018 (LBO) - Transparency International Sri Lanka (TISL) has released a legislative brief on the National Audit Bill detailing key amendments to be …
No backward calculation to obtain GDP with pre-decided deflators: Stats Office
July 03, 2018 (LBO) – Sri Lanka’s statistics office rejecting the recent claims on the GDP estimates said it is almost impossible to carry out backward …
Korean concessional loan of USD 14Mn to support garbage collecting in local authorities
Jul 02, 2018 (LBO) - The Government of Republic of Korea has agreed to provide two concessional loans for US 14 million dollars (Approximately Rs.2,240 …