Sri Lanka to change the inflation basket next year : Island’s Stat Dept

Nov 11, 2014 (LBO) - Sri Lanka will see a new inflation basket stating from next year eliminating the Colombo Consumers Price Index (CCPI), a top official at …

Sri Lanka launches floating restaurant at Wetland Park

Nov 11, 2014 (LBO) - Sri Lanka launched a new floating restaurant at the Wetland Park in Nawala, Colombo yesterday, a media report said. online pharmacy buy …

Fitch Rates Sampath Bank’s subordinated debentures ‘A+(lka)(EXP)’

Nov 11, 2014 (LBO)- Fitch Ratings Lanka has assigned Sampath Bank PLC's proposed subordinated debentures of up to seven billion rupees an expected National …

Sri Lanka signs up first tranche of US$100mn to upgrade roads

Nov 07, 2014 (LBO) – The Asian Development Bank (ADB) signed first tranche loan agreement with the Sri Lanka government to lend 800 million dollars to …

Sri Lanka external trade expands in September: Central Bank

Nov 07, 2014 (LBO) – Sri Lanka's exports rose 0.5 percent, to 903 million US dollars in September 2014 from a year earlier with largest contribution from …

Sri Lanka launches shopping festival to attract customer traffic into retail areas

Nov 04, 2014 (LBO) - Sri Lanka launched a Sri Lanka shopping festival or SLASH recently with an aim to increase customer traffic into retail areas multi-fold …

Sri Lanka Central bank says inflation declines considerably in October

Nov 03, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 1.6 per cent in October 2014 compared to …

Sri Lanka makes further progress on financial sector consolidation: Central Bank

Nov 03, 2014 (LBO) – Sri Lanka Central Bank says that further progress was made by banks and finance and leasing companies (NBFIs) on the financial …

Sri Lanka to promote local milk production: Budget 2015

Oct 28, 2014 (LBO)-Sri Lanka to increase the guaranteed price of liquid milk to 60 rupees per liter in order to increase local milk production and popularize …

Sri Lanka to continue relaxing exchange controls: Deputy Governor

Oct 27, 2014 (LBO) - Sri Lanka will continue to liberalize exchange controls to encourage the investments that needed to maintain high economic growth and to …

Sri Lanka Ceylon Chamber to conduct a seminar on ‘Budget 2015’

Oct 21,2014 (LBO) – Sri Lanka Ceylon Chamber of Commerce plans to hold a post budget seminar to discuss the ‘National Budget of 2015’, which …

Sri Lanka’s government urged to have a regulatory friendly environment to facilitate SMS’s growth

Oct 21, 2014 (LBO) – Sri Lanka’s Government urged to create a friendly regulatory framework to drive the growth of the small and medium enterprises …

Sri Lanka to construct 537 rural bridges with an investment of US $162mn

Oct 20, 2014 (LBO) – Sri Lanka to construct and rehabilitate about 537 rural bridges with a credit facility of 162 million US dollars, provided by The …

Sri Lanka to establish a regulatory council to monitor issues in finance sector

Oct 20, 2014 (LBO) Sri Lanka's cabinet of ministers had given approval to establish an Inter Regulatory Institutions Council with a view of identifying issues …

EXIM Malaysia sees expanding investments with Sri Lanka

Oct 16, 2014 (LBO) - Malaysian Export Import (EXIM) bank said that they are looking at opportunities in investing and helping with the rapid economic …

Sri Lanka big businesses should link with SME’s: Chamber

Oct 13, 2014 (LBO) – Sri Lanka’s small and medium enterprises are encouraged to partner with big companies, so they could take advantage of …

Sri Lanka think tank highlights the need of credit rating for SME’s

Oct 13, 2014 (LBO) – Sri Lanka needs a credit rating system especially for the small and medium businesses to have easy access to finance, said Saman …

Sri Lanka’s pensioners to get a digital ID

Oct 11, 2014 (LBO) – Sri Lanka’s Department of Pensions launches a digital identity card for pensioners in partnership with Sampath Bank, a private …

Sri Lanka gets US$1.3bn in FDI by October: Ministry of Investment Promotion

Oct 11, 2014 (LBO) - Sri Lanka is estimated to have received about 1.3 billion US dollars of foreign direct investment by October 2014, investment promotions …

Sri Lanka’s Central Bank asks banks to reduce pawning advances interest rate

Oct 10, 2014 (LBO) – Sri Lanka’s Central Bank has requested all banks who are participating in the Credit Guarantee Scheme supported by the …