IMF wants fuel pricing formula before June to complete 4th review
Apr 21, 2018 (LBO) – IMF’s Executive Board is expected to consider Sri Lanka’s request for completion of the fourth review in June, subject to cabinet …
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Sri Lanka will ensure resource utilization in sustainable manner: President
Apr 19, 2018 (LBO) - Our Government’s “Blue-Green” economic plan will ensure the full utilization of the ocean and other natural resources of Sri Lanka …
Opinion: The Glyphosate Story, CKDu, food security and national economy
Time-tested weed control techniques/tools such as glyphosate,have been removed without scientific proof, affecting our food security and national …
Sri Lanka Govt to ensure continued progress of financial inclusion: Fin Min
Apr 18, 2018 (LBO) - Minister of Finance Mangala Samaraweera says it is important for the Sri Lankan financial system to have robust access and engagement …
Virtusa says 85-pct businesses plan to invest in digital transformation in 2018
Virtusa Corporation(NASDAQ GS:VRTU), a global provider of digital engineering and IT outsourcing services that accelerate business outcomes for its clients, …
Sri Lanka’s CEB threaten TU action, Says not liable for inconvenience to public
Apr 17, 2018 (LBO) - Sri Lanka’s Ceylon Electricity Board Engineers Union (CEBEU), of the state owned electricity supplier Ceylon Electricity Board (CEB) is …
South Asia regains growth lead, Still lags on jobs
Apr 17, 2018 (LBO) - South Asia has regained its lead as the fastest growing region in the world, supported by recovery in India. With the right mix of …
Sri Lanka Central Bank issues warning on virtual currencies
Apr 17, 2018 (LBO) - The Central Bank has warned the pubic about the use of “virtual currencies”, commonly used to refer to digitally created …
World Bank warns of reform slowdown amid challenging political environment
Apr 17, 2018 (LBO) - Sri Lanka's growth is projected to rebound in 2018 and continue to be around 4.5 percent in the medium term, driven by private consumption …
SriLankan reports revenue of Rs.126.9Bn in 2017/18
Apr 16, 2018 (LBO) - National carrier SriLankan Airlines has achieved a un-audited annual passenger revenue of 126.9 billion rupees (US Dollars 830.7 million) …
Sri Lanka President to attend CHOGM in London and meet UK PM May
Apr 16, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena left for the United Kingdom, Sunday to attend the Commonwealth Heads of Government Meeting …
Sri Lanka’s Norochcholai power plant shuts down temporarily
Apr 12, 2018 (LBO) - The unit one of Lakvijaya power station which is also known as the Norochcholai power station has been shut down following the release …
Asia will grow at 6-pct in 2018, Trade risk warnings: ADB
Apr 12, 2018 (LBO) - The Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6.0 per cent from 5.8 per cent, citing solid …
Sri Lanka Govt call for expediting activities related to exploration and production of petroleum
Apr 12, 2018 (LBO) - Sri Lanka's cabinet of ministers has called for an action plan for expediting the activities related to exploration and production of …
Colombo’s Port City ready for investors
Apr 11, 2018 (LBO) - CHEC Port City Colombo (Pvt) Ltd., presented the Development Control Regulations (DCR) for the Colombo Port City project.to the …
EU to turn on new law amidst Facebook, YouTube criticized for data misuse
Apr 10, 2018 (LBO) – European Union’s wide data protection instrument, the General Data Protection Regulation (GDPR) will become directly applicable on 25 …
Sri Lanka targets USD2.5Bn in FDI in 2018, USD 5Bn by 2020:Fin Min
Apr 10, 2018 (LBO) - Sri Lanka's government is looking at attracting up to US 2.5 billion dollars in Foreign Direct Investments (FDI) in 2018, and to double it …
Sri Lanka’s debt burden is higher than Ethiopia, Uganda & Ghana
Apr 09, 2018 (LBO) – Sri Lanka’s government revenue as a share of GDP is lower than many peers, while the government debt-to-GDP ratio is much higher, …
Sri Lanka trade deficit expands over USD1bn in January; imports USD2bn
Apr 09, 2018 (LBO) – Sri Lanka’s trade deficit has expanded in January surpassing 1 billion US dollars for the second consecutive month due to significant …
Joint committee of both parties to study cabinet reshuffle: President
Apr 06, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena on Friday said the proposed cabinet reshuffle will be studied by a joint committee of the …