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 …
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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, …
Religious violence in Sri Lanka has chronic nature: Verité
June 21, 2017 (LBO) - Religious violence in Sri Lanka is not a post-war phenomenon and has persisted over a much longer period of time, Verité Research said …
Fitch expects more interest rate pressure for Sri Lankan corporates
June 20, 2017 (LBO) – Fitch Ratings says it expects rising domestic interest rates to hurt Sri Lankan corporates over the next 12 months. buy …
Auditor General’s opinion creates chaos in Parliament
June 20, 2017 (LBO) – Sri Lanka’s Parliament on Tuesday referred the controversial annual report of the Finance Ministry to the Committee on Public Finance …
Fairway partners with Sri Lanka’s Waste Management Authority
June 20, 2017 (LBO) - Fairway Waste Management (Pvt) Ltd and the Waste Management Authority of the Western Provincial Council have signed a concession …
Infrastructure must be developed alongside admin, legal frameworks: Finance Minister
June 20, 2017 (LBO) - Sri Lanka wants to boost investments to make the country an export driven economic and financial hub of the Indian Ocean, the new finance …
Sri Lanka’s Central Bank eyes full inflation targeting: Governor
June 20, 2017 (LBO) – Sri Lanka is planning to adopt a full inflation targeting framework probably by next year, Central Bank Governor Indrajit Coomaraswamy …
Those relegated to dustbin of history exploiting extremism: UNP
June 19, 2017 (LBO) – Sri Lanka’s main ruling party, the United National Party, says political forces relegated to the dustbin of history are the ones who …
Sri Lanka’s Central Bank to sell USD515mn development bonds
June 19, 2017 (LBO) – Sri Lanka’s Central Bank will issue 515 million US dollar development bonds with a tenor of 1 year 7 months, 3 years, 4 years and 4 …
Sri Lanka calls EOIs for ferry system in Colombo
June 19, 2017 (LBO) - Sri Lanka's Megapolis Ministry said it has called for expressions of interest to establish a ferry system in Colombo canals through a …
Central Bank to stop making payments to wilfully defaced notes
June 16, 2017 (LBO) – Sri Lanka’s Central Bank said it will not make payments to wilfully mutilated, altered or defaced currency notes after the end of …
Sri Lanka plans trade, business delegation to Bangladesh
June 16, 2017 (LBO) - Sri Lanka's Ministry of Industry and Commerce plans a trade and business delegation visit to Bangladesh next month, on the back of a …
Sri Lanka’s Long Term Energy Generation Plan not in keeping with govt policy: SEMA
June 16, 2017 (LBO) - The Least Cost Long Term Generation Expansion Plan (LCLTGP) 2018-2037 proposed by the Ceylon Electricity Board (CEB) is not in line with …