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 …
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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 …
Gamifying ahead through the enterprise solutions landscape : Virtusa
Globally, we are witnessing a steady rise in the pace of digital transformation with enterprises leading the charge. Gartner, Inc. projects worldwide IT …
Sri Lanka reiterates that Hambantota cannot be used for military purposes
July 02, 2018 (LBO) – Sri Lanka has informed China that Hambantota cannot be used for military purposes, Prime Minister’s office said in a statement …
Sri Lanka private sector to facilitate skills supply in tourism sector with launch of TSC
Jul 02, 2018 (LBO) - The Private Sector Tourism Skills Committee (TSC) launched Tourism Workforce Competitiveness Road-map in collaboration with the private …
Tackling challenges through reforms crucial for sustained, equitable growth in Sri Lanka
Jun 28, 2018 (LBO) - The World Bank says that although recent policy measures have contributed to macroeconomic stability in Sri Lanka there are still …
Opinion: Northern Province Tourism? Is there more in the North than just Jaffna’s airport?
By Jekhan Aruliah According to the Sri Lanka Tourist Development Authority’s (SLTDA) map of “Tourist Attractions” at the time of writing this post, the …
IMF working paper suggests new Keynesian models for monetary policy decisions
June 26, 2018 (LBO) – An International Monetary Fund (IMF) working paper released yesterday suggested the Central Bank of Sri Lanka use new Keynesian models …
Apartments only 1.7-pct of Colombo’s living units: Pradeep Moraes
Jun 26, 2018 (LBO) - Contrary to popular perception, apartments currently account for only 1.7 per cent of Colombo’s residential facilities despite the …
Enterprise Sri Lanka to strengthen local entrepreneurs: President
Jun 25, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena says as we introduce Credit Programmes for entrepreneurs, a joint programme implemented by all …
SEC, CSE launch ‘Empower’ for SME’s
Jun 25, 2018 (LBO) - The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) will launch “Empower” - the …
Buddha said to respect democracy, No dictatorial rule: PM
Jun 25, 2018 (LBO) - Prime Minister Ranil Wickremesinghe said the Buddha had never preached a dictatorial rule but instead his thought was to consult, …
Cabinet approval for electricity pricing mechanism expected by Sept: IMF
June 22, 2018 (LBO) – Cabinet approval for an automatic tariff adjustment mechanism for electricity under the 2015 tariff methodology is expected by …
Sri Lanka’s unabated credit growth in real estate sector raises concerns: IMF
June 21, 2018 (LBO) – Sri Lanka’s significant credit growth for more than two consecutive years warrants attention, an International Monetary Fund (IMF) …