Sri Lankan loans based on consensus, says china: Report

Mar 03, 2015 (LBO) - Sri Lanka’s loans obtained from China were based on consensus through consultations between the two countries, quoting Chinese …

Sri Lanka’s Central Bank removes 5 pct- policy rate as credit picked up

Mar 03, 2015 (LBO) – Sri Lanka Central Bank removed 5.0 percent Standing Deposit Facility rate, given the signs of sustained increase in credit flows to …

Sri Lanka’s President cancels 16 foreign firms mining licenses

Mar 02, 2015 (LBO) - Sri Lanka's new president has cancelled mining licenses which has been issued by the former regime to 16 foreign companies to engage in …

Sri Lanka’s new administration to get public opinion on their work

Mar 02, 2015 (LBO) – Sri Lanka’s new administration has launched a special survey to find out the opinion of the General public and to analyze the …

Sri Lanka’s inflation drops to 2.9-pct in Feb 2015: Central Bank

Feb 27, 2015 (LBO) –Sri Lanka inflation declined to 2.9 percent in February 2015 from 3.2 percent in January 2015, on a year-on year basis, as a result …

Sri Lanka Central Bank asked all banks to pay 15-pct interest to 60+ depositors

Feb 26, 2015 (LBO) – Sri Lanka's Central Bank has asked all the banks to pay 15 percent interest for term deposits of up to a million rupees, held by …

Sri Lanka port city project would create infrastructural and sewage disposal issues: Deputy Minister

Feb 26, 2015 (LBO) - Sri Lanka’s Chinese funded port city project would have infrastructural and sewage disposal issues once implemented, Deputy Minister …

Sri Lanka’s forex reserves down to US$7.26bn in Jan 2015: Central bank

Feb 26, 2015 (LBO) - Sri Lanka's forex reserves fell to 7.261 million US dollars in January 2015, from 8.208 million US dollars in December 2015,official data …

Sri Lanka to get World Bank support in implementing policies to reduce poverty

Feb 24, 2015 (LBO) – World Bank’s vice president for the South Asia Region Annette Dixon said the Bank would partner with the government to help …

India’s Prime Minister Modi to visit Sri Lanka: First visit after 28 years

Feb 20, 2015 (LBO) – India’s Prime Minister Narendra Modi will visit Sri Lanka on March 13 which is the first visit by an Indian leader to the …

Sri Lanka’s discussion with IMF and the World Bank begun

Feb 20, 2015 (LBO) - Sri Lanka's Finance Minister Ravi Karunanayake has begun discussions with World Bank Managing Director Sri Mulyani Indrawati and with IMF …

Sri Lanka and IMF talks kicks off

Feb 19, 2015 (LBO) – Sri Lanka Finance Minister Ravi Karunanayake and International Monetary Fund Managing Director Christine Largarde discussion had …

Sri Lanka’s President visits India

Feb 15, 2015 (LBO) - Sri Lanka’s President Maithripala Sirisena is to leave for India today as his first official foreign visit after assumed office in …

Sri Lanka to attract Indian investments

Feb 13, 2015 (LBO) – Sri Lanka’s new administration plans to attract Indian Investments in to the Indian Ocean Island, and to develop strong …

Sri Lanka’s senior appointments to be decided by Constitutional Council: Deputy Policy Planning

Feb 09, 2015 (LBO) – Sri Lanka’s new government would take steps to appoint a Constitutional Council including senior respected people and …

Sri Lanka revises mansion tax rules: Report

Feb 09, 2015 (LBO) – Sri Lanka’s proposed Mansion Tax was amended imposing on houses larger than 10,000 square feet, which is twice as large as …

Sri Lanka’s economic relations with India to play a crucial role in making Island an economic hub: Chamber CEO

Feb 09, 2015 (LBO) – Sri Lanka’s economic relations with India will play a crucial role in making Sri Lanka an international logistic hub, Chief …

Sri Lanka’s former president Rajapakse goes to jail: Report

Feb 09, 2015 (LBO) – Sri Lanka’s former President Mahinda Rajapakse visited his recently acquired ally Tissa Attanayake today. He is accused of …

Sri Lanka’s Port City project to go ahead; China may get the land: Minister

Feb 06, 2015 (LBO) – Sri Lanka’s Port City project would go ahead as the appointed committee to review the project had now found that an …

Sri Lanka sealed the $750,000 Strauss-Kahn deal

Feb 06, 2015 (LBO) – Sri Lanka’s new government has wrapped the deal with former IMF Chief Dominique Strauss-Kahn after paying USD 750,000 for …