Sri Lankan Beer makers to regain market share with tax changes: Fitch
Nov 15, 2017 (LBO) – Sri Lanka's beer industry will regain market share from hard liquor following a more favourable tax regime for the segment announced in …
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Sri Lanka to give Rs.15Bn as concessionary loans to target sectors: Finance minister
Nov 15, 2017 (LBO) - The Ministry of Finance says that it will create a credit scheme with the allocation of 15 billion rupees in target sectors for low …
Sri Lanka to gazette guidelines on adventure tourism by March 2018
Nov 14, 2017 (LBO) – Sri Lanka’s Policy Development Office said steps are being taken to promulgate regulations related to all adventure tourism activities …
PCs should tax businesses with quarterly income up to Rs3mn: FC
Nov 13, 2017 (LBO) – Sri Lanka’s Finance Commission (FC) has recommended that Provincial Councils should be allowed to collect taxes from business entities …
Sri Lanka official reserves improve to USD7.5bn by end October
Nov 13, 2017 (LBO) – Sri Lanka’s gross official reserves have improved to 7,489.98 million US dollars by end October from 7,288. online pharmacy buy …
No investigation against war heroes for involvement in war: President
Nov 13, 2017 (LBO) - Sri Lanka's President Maithripala Sirisena says that no investigation has been conducted by the present government regarding war heroes …
Colombo district land price index up 12.6-pct in 1H 2017: CBSL
Nov 10, 2017 (LBO) – Sri Lanka's Central Bank says that on yearly basis Land Price Index for the period ending June 2017 has increased 12.6 percent, …
Debt Repayment Levy for banks will be tax deductible: Finance Minister
Nov 10, 2017 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera told Parliament Friday that the planned bank levy will be a tax deductible business …
Sri Lanka to cut taxes on electric vehicles, introduce carbon tax
Nov 09, 2017 (LBO) – Sri Lanka will cut taxes on electric cars by at least one million rupees, Finance Minister Mangala Samaraweera said.buy vibramycin …
Sri Lanka plans primary surplus of 1-pct of GDP in budget 2018
Nov 09, 2017 (LBO) – Sri Lanka hopes to achieve for the first time in almost 6 decades a primary surplus of 1 percent of GDP in budget 2018, Finance Minister …
Sri Lanka tourist arrivals up 1.3-pct in Oct, Chinese visitors drop
Nov 09, 2017 (LBO) – Sri Lanka tourist arrivals rose 1.3 percent to 152,429 in October 2017 from a year earlier amid subdued growth in the main Indian and …
Sri Lanka to investigate allegations of torture under new government
Nov 09, 2017 (LBO) – Sri Lanka's Foreign Ministry says it will ensure that allegations of torture committed in the country will be investigated and …
Cabinet approves setting up new High Court for corruption cases
Nov 08, 2017 (LBO) – Sri Lanka’s cabinet has granted approval to establish a separate High Court under the article 105 (1) (c) of the constitution to …
Norochcholai power plant to purchase coal under spot tender
Nov 08, 2017 (LBO) – Sri Lanka’s cabinet has granted approval to purchase 300,000 metric tons of coal for the Norochcholai power plant under a spot tender …
Railway development, viable alternative to costly Central Expressway
Nov 08, 2017 (LBO) – Sri Lanka’s transport sector experts questioned the need for an expensive four lane expressway with interchanges which will create its …
Biomass Energy Terminal to be inaugurated in Homagama
Nov 08, 2017 (LBO) – Sri Lanka’s Power Ministry in collaboration with Ecotherm Energy Solutions Private Limited will be establishing a Biomass Energy …
I will never allow substandard oil to unload: Petroleum Minister
Nov 07, 2017 (LBO) – Petroleum Minister Arjuna Ranatunga told Parliament Tuesday that he will never allow substandard oil tanker to unload in Sri Lanka. …
Sri Lanka’s Aitken Spence second quarter profits up by 15-pct
Aitken Spence PLC posted Rs. 1.12 bn as profits before tax in the three months ended 30th September, an increase of 15.4% year-on-year. Profits attributable to …
Sri Lanka’s Central Bank keeps policy rates steady
Nov 07, 2017 (LBO) – Sri Lanka’s Monetary Board of the Central Bank has decided to keep its key interest rates steady despite rising headline inflation. …
JKH to fully subscribe its entitlement of NTB rights issue
Nov 06, 2017 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings said it will fully subscribe to its entitlement of the proposed rights issue …