Sri Lanka’s new revenue law to help credit profile: Moody’s
July 03, 2017 (LBO) – Sri Lanka’s new Inland Revenue Act will contribute to increasing the country’s very low level of government revenues, a key …
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Japan provides Rs358 mln grant for public sector scholarships
July 03, 2017 (LBO) - The Japanese Grant Aid for Human Resources Development Scholarship (JDS) Programme has offered grant assistance of 358 million rupees to …
Sri Lanka enters USD34mln financing for smallholder agribusiness
July 03, 2017 (LBO) - International Fund for Agricultural Development (IFAD) and the Government of Sri Lanka have signed a financial agreement for the …
GSP Plus could add USD350 mln in export revenue, improve FDI: Min
July 03, 2017 (LBO) - GSP plus eligibility could add 350 million dollars in export revenue to Sri Lanka, while increasing potential for FDI, the minister for …
Reforms in Sri Lanka urgent but need to limit cost to the poor: WB
June 30, 2017 (LBO) - Sri Lankan government led reforms to improve competitiveness, maintain macro-fiscal stability and strengthen institutions, with broad …
Sri Lanka technical interns to be trained in Japan
June 29, 2017 (LBO) – Sri Lanka is to sign a memorandum of understanding with International Manpower Development Organization of Japan (IM Japan) to send …
Sri Lanka tourism office grades restaurants in Colombo
June 29, 2017 (LBO) – Sri Lanka Tourism Development Authority (SLDA) has launched a project to encourage upgrading of food safety, hygiene and services of …
Asbestos industry warns of economic, social and environmental impact from ban
June 29, 2017 (LBO) – Sri Lanka's Minister of Technology and Research said that he was awaiting reports regarding the safe use of Chrysotile, a type of …
Anilana Hotels to sell 51-pct stake to Somap International
June 28, 2017 (LBO) – Sri Lanka’s Anilana Hotels said an international firm Somap International (Private) Limited plans to invest in up to 51 percent of …
Laugfs enters residential apartment development
June 27, 2017 (LBO) – Sri Lanka’s Laugfs Property Developers, a subsidiary of Laugfs Gas PLC, has formed a fully owned subsidiary to undertake residential …
GMOA says “NO” to President’s statement on SAITM
June 27, 2017 (LBO) - Sri Lanka's Government Medical Officers Association (GMOA) said Monday that they were not accepting President Maithripala Sirisena's …
Sri Lanka Economic Summit to discuss need for Smarter Trade Strategy
June 27, 2017 (LBO) - ‘Sri Lanka Economic Summit 2017’ will dig deeper into the island's trade reform agenda anchored towards new preferential trade …
Sri Lanka should relax issuing licenses for beer & wine: FinMin
June 23, 2017 (LBO) – Sri Lanka’s Finance Minister told Parliament Thursday that the country needs to relax issuing liquor licenses for beer & wine as …
Central Bank holds key rates unchanged, reserves climb
June 23, 2017 (LBO) - Sri Lanka's central bank held key interest rates unchanged on Friday after a monthly monetary policy meeting with inflation moderating in …
PM to head committee on UNHRC recommendations
June 22, 2017 (LBO) - Sri Lanka's Prime Minister Ranil Wickremesinghe will head a special committee to oversee implementation of United Nations Human Rights …
World Bank’s IFC to sell Sri Lanka rupee bonds
June 22, 2017 (LBO) - Sri Lanka's government has approved a proposal to establish an offshore Sri Lankan Rupee (LKR) Bond Programme by the International …
Sri Lanka inflation slows to 7.1-pct in May 2017
June 22, 2017 (LBO) - Sri Lanka's inflation according to the National Consumer Price Index (NCPI) was down to 7.1 percent in May 2017 from 8.4 percent in …
Sri Lanka to postpone SVAT abolition till end 2017
June 22, 2017 (LBO) – Sri Lanka’s cabinet approval has been granted to postpone the abolition of SVAT system until the end of this year. Accordingly, the …
Sri Lanka to abolish import control fee for tea
June 21, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to abolish the import control license fee for imported tea in line with 2017 budget …
Central Bank expected to keep key rates unchanged: First Capital
June 21, 2017 (LBO) - The Central Bank of Sri Lanka is expected to keep key interest rates unchanged in its monthly monetary policy announcement on Friday, …