Torture in Sri Lanka among “worst in the world,” says UN Special Rapporteur
By P.K. Balachandran Torture of persons in custody under the Prevention of Terrorism Act (PTA) in Sri Lanka is on an “industrial scale” and is “among the …
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Tax reforms would help SL rating outlook back to stable: Moody’s
July 14, 2017 (LBO) – Evidence of effective implementation of reforms that leads to significant and lasting improvements in tax collection, and more stable …
Sri Lankan Supreme Court petitioned to stop building steel houses for IDPs
By P.K.Balachandran Tamil National Alliance (TNA) MP for Jaffna District, M.A.Sumanthiran, on Thursday filed a Fundamental Rights petition in the Supreme Court …
National Export Strategy to be implemented with budget 2018: Advisor
July 13, 2017 (LBO) – Sri Lanka’s proposed National Export Strategy will be implemented with the budget of 2018, a senior official at the International …
Sri Lanka President heads 73-member delegation to Bangladesh
By P.K. Balachandran July 13, 2017 (LBO) - Sri Lankan President Maithripala Sirisena, accompanied by a 73-member delegation including representatives of 40 …
World Bank doubles assistance to Sri Lanka over next three years
July 13, 2017 (LBO) - Sri Lanka will receive US1,340 million dollars in financial and technical assistance through a transitional support facility of the …
Sri Lanka to manage use of polythene, polystyrene
July 13, 2017 (LBO) - Sri Lanka's government has decided to manage the use of polythene with the intention of minimizing its environmental impact from …
CSE records second highest yearly foreign inflow
July 12, 2017 (LBO) – Sri Lanka’s Colombo Stock Exchange has recorded the second highest-ever yearly net foreign inflow of 22.8 billion rupees, the …
Sri Lanka cuts export earnings target to USD18bn by 2020
July 12, 2017 (LBO) – Sri Lanka is currently looking at a target for export earnings of 18 billion US dollars by 2020, State Minister of International Trade …
Sri Lanka’s new Inland Revenue Act will be investor friendly: Finance Minister
July 12, 2017 (LBO) - Sri Lanka's Finance Minister says the main objective of the new Inland Revenue Bill is to simplify the tax system in order to create an …
Odel plans USD106mn mixed development project in Sri Lanka
July 12, 2017 (LBO) – Odel Properties One (Private) Limited, a fully owned subsidiary of Odel, has entered into an agreement with Sri Lanka's Board of …
Srilankan Airlines recruits 20 management trainees
July 11, 2017 (LBO) - State-run SriLankan Airlines has recruited 20 management trainees, following a one-year training programme, to absorb new blood into the …
Sri Lanka’s foreign debt USD25.6bn by April: Mid Year Fiscal Report
July 10, 2017 (LBO) – Sri Lanka’s total outstanding external debt was 25.61 billion US dollars (Rs3,886bn) by the end of April 2017, up from 23.1 billion …
SriLankan Airlines, CEB, CPC record Rs30bn loss in first 4 months
July 10, 2017 (LBO) – State-owned carrier Sri Lankan Airline, main power supplier Ceylon Electricity Board and Ceylon Petroleum Corporation together have …
India will move on ETCA at a pace set by Lanka: envoy
By P.K. Balachandran Assuaging fears that India is set to “impose” an Economic and Technical Cooperation Agreement (ETCA) on Sri Lanka, the Indian High …
Sri Lanka foreign reserves up 3-pct in June
July 07, 2017 (LBO) – Sri Lanka’s official foreign reserves climbed three percent (USD193.9mn) to 6.9 billion dollars in June, official Central Bank data …
Interview: Pacts entered into during Sirisena’s visit will be bedrock of Lanka-Bangla ties
By P.K.Balachandran The 12 to 13 pacts that Sri Lanka and Bangladesh will sign during President Maithripala Sirisena’s three-day visit to Bangladesh …
Sri Lanka’s exports +11.9 pct, trade gap +7.8 pct in April
July 07, 2017 (LBO) – Sri Lanka’s exports rose 11.9 percent to 794.7 million US dollars in April, while imports rose 9. buy celexa online …
JICA provides Rs42bn loan for Kalu Ganga water supply expansion
A concessionary loan agreement for JPY 31,810 million (approx. Rs. 42,307 million) was signed on 7th of July 2017 between the Government of Sri Lanka and Japan …
Sri Lanka tourist arrivals continue to rise, up 4.5-pct in June
July 07, 2017 - Sri Lanka's tourist arrivals were up 4.5 percent to 123,351 in June 2017 from a year earlier, as arrivals continued to rise for the second …