Sri Lanka’s cabinet approves National Audit Bill amendments
Oct 11, 2017 (LBO) – Sri Lanka’s cabinet has approved the highly anticipated national audit bill amendments on Tuesday after receiving the go ahead from …
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Sri Lanka warned of inadequate policies and programmes to address aging issues
Oct 10, 2017 (LBO) - Population projections show that the proportion of Sri Lankans above the age of 60 years will increase from 14 percent in 2017 to 22 …
Sri Lanka’s Appropriation Bill 2018 before Parliament today
Oct 09, 2017 (LBO) - Sri Lanka's state Minister of Finance Eran Wickramaratne will present the Appropriation Bill to parliament on 09th October 2017. buy …
Sri Lanka’s GDP growth to reach 5-pct in 2018: ADB
Oct 09, 2017 (LBO) - Sri Lanka's Gross Domestic Product (GDP) would be 4.5 percent at end 2017 and increase to 5 percent by end 2018, the Asian Development …
Animals destroy one-third of Sri Lanka’s crop production: President
Oct 06, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena highlights that one-third of country’s crop production is affected and destroyed by …
Sri Lanka to purchase 100MW of emergency power for 6 months
Oct 04, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to procure 100MW of electricity from private power producers for a period of 6 months with …
Sri Lanka to modernize financial sector with USD75mn loan
Oct 04, 2017 (LBO) – Sri Lanka’s Finance Ministry on Wednesday signed an agreement to modernize and improve the efficiency of country’s financial sector …
Sri Lanka’s Asiri Surgical to start comprehensive cancer treatment
Oct 04, 2017 (LBO) – Sri Lanka’s Asiri Surgical Hospital has divested half of its stake in Asiri AOI to India-based Cancer Treatment Services Hyderabad for …
Global changes create huge challenge to Asian ports: SLPA Chairman
Oct 03, 2017 (LBO) – Sri Lanka’s Ports Authority Chairman Parakrama Dissanayake says Global macroeconomic changes have created a huge challenge to the …
Sri Lanka’s long awaited LNG discovery to come into operation by 2021
Oct 03, 2017 (LBO) - Sri Lanka plans to commercialize the natural gas discoveries in one of the gas blocks in the Mannar Basin by 2021, Petroleum Resources …
ADB gives USD 900Mn for rural connectivity program in Sri Lanka
Oct 03, 2017 (LBO) - The Asian Development Bank’s (ADB) Board of Directors has approved financing of up to 900 million dollars for a program that will …
Sri Lanka discusses Megapolis financing with European Investment Bank
Oct 02, 2017 (LBO) – Sri Lanka’s Foreign Minister has participated in a discussion with Vice President of the European Investment Bank (EIB) to evaluate …
Sri Lanka’s Commercial High Court has over 5,000 pending cases
Oct 02, 2017 (LBO) – Sri Lanka’s Justice Minister recently revealed that country’s Commercial High Court alone had over 5,000 cases pending by March this …
Sri Lanka down to 85th place in Global Competitiveness Index
Oct 02, 2017 (LBO) - Sri Lanka has slipped to 85th place, lowest in recent years in the World Economic Forum Global Competitiveness Index (GCI), a report …
World Banks gives USD125mn loan for transport connectivity project
Sept 29, 2017 (LBO) - Sri Lanka's government signed an agreement to get a 125 million dollar loan from the World Bank for the new Transport Connectivity and …
Sri Lanka to receive new international support on tobacco control
Sep 29, 2017 (LBO) – Sri Lanka has been selected to receive dedicated international support through the United Nations to take action to reduce tobacco use. …
Sri Lanka exports grow 14-pct in July 2017 driven by industrial and argi sectors
Sept 29, 2017 (LBO) - Sri Lanka's exports grew 13.9 percent with earnings from exports up to 1,016 million dollars in July 2017, the Central Bank said. …
Construction of Litro Gas Filling Factory in Hambantota awarded to Dockyard General Engineering
Sept 28, 2017 (LBO) - Sri Lanka's Litro Gas has decided to award the contract to construct the gas filling factory of Litro Gas Lanka Company Hambantota to …
CB says 5-pct tax to be deducted from NRFC interest payments
Sep 27, 2017 (LBO) – Sri Lanka’s Central Bank on Wednesday confirmed that under the new Inland Revenue Act, a 5 percent With Holding Tax (WHT) should be …
Sri Lanka aims to be next best tourist destination in Asia: PM
Sept 27, 2017 (LBO) - Sri Lanka is looking at becoming the most sought after tourist destination in Asia as the focus of tourism shifts from other regions, …