Sri Lanka tourist arrivals up 6.2-pct in May, Crosses 1Mn mark for 2018
Jun 06, 2018 (LBO) - Sri Lanka's tourist arrivals were up 6.2 percent to 129.466 in May 2018 from a year earlier with arrivals in the first five months up …
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Sri Lanka’s Ritz-Carlton Tower ready by 2021
Jun 06, 2018 (LBO) - One Transworks Square (Pvt) Ltd together with Zhong Tian Ding Hui (ZTDH) Company announced that it's 500 million dollar "THE ONE" …
New MLA amendments to restrict financing fiscal deficit by Central Bank
June 05, 2018 (LBO) – Sri Lanka’s Central Bank said there will be new legislative amendments to Monetary Law Act (MLA) to restrict financing the fiscal …
Presidential Commission on SriLankan, Mihin commences witness hearings
June 04, 2018 (LBO) – Presidential Commission appointed to look into alleged malpractices at SriLankan Airlines, SriLankan Catering, and Mihin Lanka …
IMF completes Sri Lanka’s 4th review; approves USD 252 mn disbursement
June 02, 2018 (LBO) – Executive Board of the IMF has completed the fourth review of Sri Lanka’s economic performance under the program supported by a …
Fitch Ratings to maintain a negative banking sector outlook for 2018
June 01, 2018 (LBO) – Fitch Ratings said they are maintaining a negative banking sector outlook for this year as operating conditions are likely to remain …
Sri Lanka exports up 6.3-pct to USD1.1Bn
Jun 01, 2018 (LBO) - Sri Lanka's overall exports were up by 6.3 percent to US 1.1 billion dollars with an increase in industrial exports, data from the …
Nawala, Dehiwala and Rajagiriya continue as property hot-spots : Report
By Lanka Property Web A recent study done by LankaPropertyWeb.com reveals the average residential land prices around Colombo and which areas the prices have …
Sri Lanka inks deal with Chinese firm for flood mitigation in Colombo
May 31, 2018 (LBO) - Sri Lanka's Ministry of Megapolis and Western Development signed an agreement with the China Petroleum Cooperation to construct two …
Sri Lanka signs agreement for gas exploration services
May 31, 2018 (LBO) - Sri Lanka's Minister of Petroleum Resources Development, signed an agreement with Eastern Echo DMCC, subsidiary of a major oilfield …
Colombo Port shows second highest growth rate in global port rankings
May 30, 2018 (LBO) – Colombo Port has been ranked as the port that shows the second highest growth rate among container ports worldwide, Sri Lanka Ports …
Dollar strengthening combines with political uncertainty in Sri Lanka: Moody’s
May 28, 2018 (LBO) – Strengthening of the Dollar in Sri Lanka has combined with domestic political uncertainty, weighing on the rupee, Moody’s Investors …
Listed Sri Lanka hospitals have strong growth prospects: Fitch
May 25, 2018 (LBO) - Listed hospitals in Sri Lanka will continue to grow strongly given growing demand for private health care, although regulatory price …
VAT to be reduced by 2.5-pct by 2020 : Fin Min
May 25, 2018 (LBO) - Sri Lanka will reduce Value Added Tax (VAT) by 2.5 percent in 2020 in order to relieve masses of the burden of indirect taxes, Minister …
Sri Lanka tea exports up in April 2018, Low grown production down
May 24, 2018 (LBO) - Sri Lanka's tea exports for the month of April 2018 showed a gain of 0.7M/kgs when compared with the same period last year while bulk tea …
Central Bank to create intervention rules for foreign exchange market
May 23, 2018 (LBO) – Sri Lanka’s Central Bank is to introduce several rules, the officials need to follow when they are intervening in the foreign exchange …
Fin Min says Sri Lanka economy on stable footing; Challenges MR for TV debate
May 23, 2018 (LBO) - Sri Lanka's Finance Minister challenging former President Mahinda Rajapaksa to an open television debate on the economy said that sound …
SL – China FTA would result in higher gains for Sri Lankan exports: Study
May 22, 2018 (LBO) – Sri Lanka – China FTA would result in higher gains for Sri Lankan exports compared to products imported from China which are already …
Opinion : Sub agents and migrants; dissecting their relationship to guide regulation
Bilesha Weeraratne Geetha is an unskilled and uneducated female from rural Sri Lanka. As she was saddled with financial issues and could not find a suitable …
Johann Peries successfully summits Mount Everest
May 22, 2018 (LBO) – Johann Peries has summited Mount Everest today becoming the second Sri Lankan to summit Everest after Jayanthi Kuru Utumpala in 2016. PR …