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 …
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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. …
Ravi K should not exercise duties as Assistant Leader of UNP: Marapana Committee
Jan 31, 2018 (LBO) – Marapana committee has recommended that former minister Ravi Karunanayake should not exercise any duties as an Assistant Leader of the …
Sri Lanka-Singapore FTA is credit positive for both sovereigns: Moody’s
Jan 29, 2018 (LBO) – Moody’s Investors Service expects that the Sri Lanka-Singapore Free Trade Agreement will enhance the cross-border trade of goods and …
Sri Lanka achieves highest ever FDI of USD1.63bn in 2017
Jan 28, 2018 (LBO) – Foreign Direct Investment (FDI) into Sri Lanka has grown to over 1.63 billion US dollars in 2017, doubling the 802 million dollars …
CHEC to kick off Port City project with billion dollar towers : Minister
Jan 26, 2018 (LBO) - Sri Lanka government has signed two Memorandums of Understanding with China Harbour Engineering Company (CHEC) to facilitate investment …
Sri Lanka – Indonesia sign 3 MoU’s, Explores FTA option
Jan 25, 2018 (LBO) - President of Indonesia Joko Widodo in the island on a offical vist met with Sri Lanka's President and exchanged views on the progress …
Singapore FTA: What it means for Trade and Investment Flows
By Janaka Wijayasiri and Kithmina Hewage The freshly-signed Sri Lankan-Singapore FTA (SLSFTA) marks a new milestone in the relations between the two island …
Cost reflective pricing formula for fuel, electricity this year: CB Governor
Jan 24, 2018 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy says the government will introduce a cost reflective pricing formula for both …
Sri Lanka inflation dips to 7.3-pct in December 2017
Jan 23, 2018 (LBO) - The overall rate of inflation as measured by National Consumer Price Index (NCPI) on year on year basis was down to 7.3 percent in …
Restricting sale of liquor to women: public debate is misinformed
Jan 22, 2018 (LBO) – Interdisciplinary think tank, Verité Research says that contrary to popular understanding, Excise Notification No.04/2018 issued by the …
Sri Lanka signs FTA with Singapore tomorrow
Jan 22, 2018 (LBO) - A Free Trade Agreement between Sri Lanka and Singapore will be signed following bilateral talks between the two nations, Tuesday. Prime …
Seat belts, air bags compulsory on vehicles from July: Finance Ministry
Jan 19, 2018 (LBO) – Finance Ministry has decided to postpone the implementation of the budget proposal on introduction of emission standards and safety …
Sri Lanka’s USD500mn development bond oversubscribed
Jan 19, 2018 (LBO) – The issue of Sri Lanka development bonds amounting to 500 million US dollars has been oversubscribed with close to 527 million US …