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 …
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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 …
Softlogic Holdings to acquire Suzuki Motors Lanka
July 06, 2017 (LBO) – Softlogic Retail (Private) Limited, a subsidiary of Softlogic Holdings, has entered into a share sale and purchase agreement with …
Central Bank suspends business of Perpetual Treasuries for 6 months
July 06, 2017 (LBO) – The Monetary Board of the Central Bank of Sri Lanka on Thursday suspended Perpetual Treasuries Limited from carrying on the business …
Independence of Sri Lanka SEC should be extended: IOSCO review
July 06, 2017 (LBO) – The International Organization of Securities Commissions (IOSCO) says it has identified progress made by Sri Lanka’s securities …
Sri Lanka press council law hinders RTI implementation: report
July 05, 2017 (LBO) – Sri Lanka's Press Council Law, which is not consistent with the Right to Information (RTI) Act, can hinder the media from publishing …
A Japanese delegation raises concerns over Sri Lanka’s ad-hoc tax changes
July 04, 2017 (LBO) – A Japanese business delegation has requested that Sri Lanka's finance minister gives them at least six months notice prior to the …
No reason for qualified hoteliers to look for jobs overseas: Amaratunga
July 04, 2017 (LBO) - Sri Lanka's Minister of Tourism Development John Amaratunga says that there is no longer any reason for our qualified hoteliers to look …
Sri Lanka launches FDI road map, reforms key: Prime Minister
July 04, 2017 (LBO) - Sri Lanka's Prime Minister said that the island needs to fast track reforms as part of ambitious efforts to be ranked at least 70th in …
Sri Lanka blacklists 67 foreign recruitment agencies in 2017
July 03, 2017 (LBO) – The Sri Lanka Bureau of Foreign Employment has blacklisted licenses of 67 foreign recruitment agencies in the first half of this year. …