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 …
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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 …
Opinion: Cabinet decision to ban women from buying liquor is unconstitutional
By Verité Research Women are permitted to purchase liquor. On 10 January 2018, the Minister of Finance and Mass Media issued Excise Notification No. 02/2018 …
Finance Ministry re-imposes ban on women buying liquor
Jan 18, 2018 (LBO) – Finance Minister Mangala Samaraweera on the request of the cabinet has withdrawn the two gazette notifications issued under the Excise …
Sri Lanka’s cabinet approves signing FTA with Singapore
Jan 17, 2018 (LBO) – Sri Lanka's Cabinet has approved a proposal to sign the proposed Free Trade Agreement between Sri Lanka and Singapore. The proposed Free …
Indian govt to develop KKS harbour at a cost of USD 45Mn
Jan 16, 2018 (LBO) - The Government of India will rehabilitate and upgrade the Kankesanthurai (KKS) Harbour as a commercial port at a cost of US 45.27 …
Sri Lanka – India to co-operate in IT and electronics fields
Jan 16, 2018 (LBO) - India's Minister of Law and Justice and Electronics and Information Technology, Ravi Shankar Prasad signed a co-operation deal in IT and …
Term of office for Sri Lanka’s President is five years: Supreme Court
Jan 15, 2018 (LBO) – Supreme Court has informed President Maithripala Sirisena that the duration of his term of office is five years, President's Media …
Sri Lanka official reserves improve to USD8bn by end 2017
Jan 12, 2018 (LBO) – Sri Lanka’s gross official reserves have improved to 7,952.58 million US dollars by the end of last year from 7,319.40 million dollars …
CEAT Kelani to invest Rs3Bn in local tyre industry , Eyes US market
Jan 11, 2018 (LBO) - Sri Lankan tyre manufacturer, CEAT Kelani said they will invest 3 billion rupees in the local industry over next two years. Unveiling …