Frontier Research outlines salient features of new Forex Act
Feb 21, 2018 (LBO) – Sri Lanka’s new Foreign Exchange Act came into effect last year after the Parliament passed it with amendments. The new law removed …
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Sri Lanka President promises new Economic programme
Feb 21, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena said a new economic programme of the government will be finalized by the National Economic …
Sri Lanka’s Liability Management Bill presented to Parliament
Feb 20, 2018 (LBO) - The new Active Liability Management Bill, to improve public debt management, was presented to Parliament for the first reading, Monday.buy …
Transshipments at Colombo Port up by 20.4-pct in January
Feb 19, 2018 (LBO) – Transshipment operations at the Port of Colombo have shown a significant increase in January this year against last year amid an …
Insurance Industry records 15.5-pct growth in 3Q of 2017
Feb 16, 2018 (LBO) - Sri Lanka's insurance industry was able to report a growth of 15.53 percent (3Q, 2016: 16.97 percent ) in terms of overall Gross Written …
Construction sector challenged by continued labour shortage: report
RIU report 2018 - The construction industry is worth approximately USD 8 Bn and is already under strain owing to rising construction costs.This industry is …
CB keeps policy rates unchanged: Economy currently operating below potential
Feb 15, 2018 (LBO) - Sri Lanka will keep policy rates unchanged in February as the economy is stabilizing with improvements in trade figures, the …
Sri Lanka needs to create an environment that rewards investment: Harvard economist
Feb 14, 2018 (LBO) - Sri Lanka should move towards a simpler tariff structure, and implement direct taxes on things like income and property to maintain …
SriLankan explores opportunities for new direct flights to Australia
Feb 13, 2018 (LBO) – SriLankan Airlines CEO, Suren Ratwatte says the national carrier will explore more opportunities in Australia with new direct flights to …
Message from Sri Lankan people has sunk deep into UNP: Mangala
Feb 12, 2018 (LBO) – Finance Minister Mangala Samaraweera says they will join hands with all democratic political forces to ensure that Sri Lanka never again …
Mahinda’s Pohottuwa begins it’s journey with a bang
Feb 12, 2018 (LBO) - Sri Lanka's former President, Mahinda Rajapakse led Sri Lanka Podujana Peramuna (SLPP) contesting under the Pohottuwa symbol has claimed …
Auditor General reveals Rs826bn off balance sheet items of previous regime
Feb 09, 2018 (LBO) – Auditor General’s Department has found out that 826 billion rupees received during Rajapaksa regime, had not been included in the …
Sri Lanka debt sustainability: public debt Rs8.9tn; assets Rs1.1tn
Feb 09, 2018 (LBO) – Auditor General's Department says even if the total amount of domestic and foreign debt payable by the government as at 31 December 2016 …
Tamil group urges action on Sri Lankan Brigadier Priyanka Fernando
Feb 08, 2018 (LBO) – A group called Transnational Government of Tamil Eelam has urged UK Government not to allow Brigadier Priyanka Fernando from leaving to …
Japan confident of Sri Lanka’s Biz climate
Feb 08, 2018 (LBO) - A Japanese business delegation, including chief executive officers and leading officials of some of the largest companies is visiting Sri …
Sri Lanka Malabe – Fort LRT project to commence by Dec 2018
Feb 06, 2018 (LBO) - Sri Lanka’s Ministry of Megapolis and Western Province Development says that preliminary work on the Light Rail Transport (LRT) project …
Top investment bank Lazard to help Sri Lanka divest non-strategic assets
Feb 05, 2018 (LBO) – World’s top advisory and asset management firms, Lazard has shown interest in Sri Lanka, with a visit this week by an international …
Germany’s Allianz SE to buy Janashakthi General Insurance for Rs16.4bn
Feb 02, 2018 (LBO) – Janashakthi Insurance is selling its general insurance business to Allianz SE in Germany for 16.4 billion rupees subject to adjustments, …
Jack Ma’s Alibaba partners with Sri Lanka’s Supreme Global Holdings
Feb 02, 2018 (LBO) - Supreme Global Holdings, and Alibaba Group owned "Alitrip" which is now called "Fliggy", launched the "Sri Lanka Pavilion" in "Fliggy's …
Sri Lanka Budget Openness, amongst lowest ranked countries in South Asia
Jan 31, 2018 (LBO) – Sri Lanka’s budget openness in the latest survey has scored 44 out of 100, coming in next to last in South Asia, tied with Pakistan. …