Sri Lanka’s average inflation remains at 18-month high in June
July 24, 2017 (LBO) – Sri Lanka’s annual average inflation remained at a more than 18-month high of 6.1 percent in June, unchanged from a month ago. buy …
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10 Sri Lankan Finance Companies ratings affirmed : Fitch
July 24, 2017 (LBO) - Fitch Ratings, a credit ratings agency, has affirmed the long-term issuer default ratings (IDRs) of ten local finance companies, a …
Sri Lanka’s economy to bounce back in 2017 and accelerate in 2018: IMF
July 24, 2017 (LBO) - The International Monetary Fund (IMF) forecasts Sri Lankan economy to rebound in 2017 and accelerate in 2018, despite the lower than …
UK says Sri Lanka among 30 human rights priority countries
July 21, 2017 (LBO) – Sri Lanka is one of 30 ‘Human Rights Priority Countries’ (HRPCs) that the UK looks for positive engagement with to address human …
Sri Lanka income tax bill to parliament by August
July 21, 2017 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera said he is expecting to present the new income tax act to parliament in August and and …
Travel goods from Sri Lanka to receive duty free entry to US
July 21, 2017 (LBO) – Export of travel-related products from Sri Lanka will enjoy duty free entry to the United States following a decision by the US …
No coal in Sri Lanka’s PUCSL approved long-term power generation plan
July 20, 2017 (LBO) - Sri Lanka's Public Utilities Commission has approved an alternate Least Cost Long Term Generation Expansion Plan (LCLTGEP) 2018- 2037 of …
One third of Sri Lankan family firms don’t have a succession plan: survey
July 20, 2017 (LBO) – The Sri Lanka Institute of Directors and global strategy consulting firm Stax, highlighting their 2017 Family Business Survey, says 32 …
Cocaine detected by employees of Lanka Sathosa in container
July 20, 2017 (LBO) - A haul of 150 Kg of cocaine has been detected by employees of Lanka Sathosa in a container addressed to CWE (Sathosa) on Wednesday. …
Sri Lanka Ports Authority to modernize Jaya Container Terminal
July 19, 2017 (LBO) – Cabinet nod has been received to modernize the Jaya Container Terminal (JCT) of the Sri Lanka Ports Authority in order to improve the …
Sri Lanka will be our gateway in Indian Ocean: Singapore’s Foreign Minister
July 19, 2017 (LBO) – The proposed Sri Lanka-Singapore Free Trade Agreement will serve as Sri Lanka’s gateway to Southeast Asia, while Sri Lanka will be …
Dumindra Ratnayaka appointed chairman of BOI: Reports
July 18, 2017 (LBO) – Dumindra Ratnayaka has been appointed as the chairman of the Board of Investment (BOI) of Sri Lanka, media reports said. He is the only …
Sri Lanka stock market records 8-pct gain in 1H
July 18, 2017 (LBO) – The benchmark All Share Price Index of the Colombo Stock Exchange (CSE) recorded an 8.23 percent gain year-to-date, a noteworthy …
IMF completes second review, to disburse USD167.2 mln
July 18, 2017 (LBO) - The Executive Board of the International Monetary Fund (IMF) has completed the second review of Sri Lanka’s economic performance under …
New revenue Bill should be implemented from April 2018: Ceylon Chamber
July 17, 2017 (LBO) – Ceylon Chamber of Commerce says it is their view that the new Inland Revenue Bill, once enacted, should ideally be implemented from 1st …
Hayleys Advantis to expand Maldives operations with two landing craft
Press Release: Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the …
Neville Fernando hospital handed over to government
July 17, 2017 (LBO) – Dr Neville Fernando on Monday signed an agreement to hand over the Neville Fernando hospital to the government. As per the agreement, …
LAUGFS to set up cylinder manufacturing plant in Bangladesh
July 17, 2017 (LBO) – LAUGFS Gas Bangladesh, part of the diversified Sri Lankan multinational LAUGFS Holdings, said it is planning to set up a cylinder …
Sri Lanka prepares for 7th session of FTA talks with China
July 17, 2017 (LBO) - Sri Lanka is preparing for a seventh session of talks with China on a Free Trade Agreement, the Ministry of Industry and Commerce said. …
Bangladesh’s first ever FTA will be with Sri Lanka later this year
By P.K. Balachandran Bangladesh’s first-ever FTA will be with Sri Lanka and that is expected to signed by year end, Bangladesh’s Foreign Secretary Mohmmad …