China & Sri Lanka do not need third party to handle relations with each other: China tells US
Oct 27, 2020 (LBO) – China and Sri Lanka have enough wisdom to handle relations with each other and do not need a third party to dictate, the …
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Health Ministry issues guidelines for closing down certain public premises
Oct 27, 2020 (LBO) - The Health Ministry as part of COVID-19 control measures has issued special guidelines when closing down certain public …
Capacity expansion project at Colombo International Container Terminal
Oct 27, 2020 (LBO) – Sri Lanka’s cabinet has approved a proposal to expand the capacity at the Colombo International Container Terminal (CICT) …
MAGA completes civil works of Kelani Right-Bank Water Supply Project, Stage II
Oct 26, 2020 (LBO) – The Kelani Right-Bank (KRB) Water Treatment Plant is the joint-largest in the Country, and is expected to benefit more than …
SLTDA streamlines tourism investment approval process
Oct 26, 2020 (LBO) - Sri Lanka Tourism Development Authority (SLTDA) has made the tourism investment process easy by streamlining the project …
Development assistance from Norwegian Investment Fund (Norfund) to Sri Lanka
Ambassador Godfrey Cooray had a zoom meeting with the Chief Executive Officer of the Norwegian Investment Fund, Tellef Thorleifsson recently to seek …
Three ways Sri Lanka can deal with COVID-19 induced poverty
Global poverty is expected to increase for the first time in over 20 years due to the COVID-19 pandemic. Up to 115 million people worldwide will fall …
Richard Pieris Group invests Rs. 1Bn in Richard Pieris Finance Ltd
Oct 26, 2020 (LBO) - Richard Pieris Finance Ltd is a member of the Richard Pieris Group, a diversified conglomerate with a workforce of 28,000 …
US Secretary of State to undertake official visit to Sri Lanka
Oct 26, 2020 (LBO) - The Secretary of State of the United States of America, Michael R. Pompeo will undertake an official visit to Sri Lanka from 27 …
World Bank Country Director meets Central Bank Governor
Oct 23, 2020 (LBO) – The World Bank Country Director for Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos, accompanied by the World Bank Country …
Hemas Hospital Thalawathugoda issues statement regarding Covid-19 positive patient
Oct 23, 2020 (LBO) – Hemas Hospital Thalawathugoda in a statement to media said that a patient who visited the Emergency Treatment Unit (ETU) of …
Central Bank cancels licence issued to ICICI Bank Limited in Sri Lanka
Oct 23, 2020 (LBO) – The Monetary Board of the Central Bank having considered the request made by the ICICI Bank Limited, India, has granted …
Sri Lanka’s Parliament passes 20th Amendment to the Constitution
Oct 22, 2020 (LBO) – Sri Lanka’s Parliament on Thursday passed the ‘Twentieth Amendment to the Constitution’ after two days of debate. The …
Regional Plantation Companies complete 39,150 new houses for estate workers
Oct 22, 2020 (LBO) – The Planters’ Association of Ceylon (PA) commended the exhaustive measures taken by Regional Plantation Companies (RPC) in …
Export companies in Gampaha District & curfew areas can operate: EDB
Oct 22, 2020 (LBO) – Export companies in the Gampaha district can continue to operate during the curfew period strictly following the Covid 19 …
Foreign Ministry temporary suspends consular services
Oct 22, 2020 (LBO) – The Foreign Ministry has decided to suspend all services offered by the Consular Affairs Division of the Ministry until …
Unexpected COVID-19 cluster could somewhat affect near term growth momentum: CBSL
Oct 22, 2020 (LBO) – The Sri Lankan economy is expected to move along a faster recovery path, despite the latest surge in COVID-19 cases locally …
Central Bank continues its accommodative monetary policy stance
Oct 22, 2020 (LBO) – The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 21 October 2020, has decided to maintain the …
Opinion: Three ways Sri Lanka can deal with COVID-19 induced poverty
By Faris Hadad-Zervos, World Bank Country Director for Sri Lanka: Global poverty is expected to increase for the first time in over 20 years due to …
British High Commissioner welcomes appointment of PM’s Trade Envoy for Sri Lanka
Oct 21, 2020 (LBO) – UK Prime Minister Boris Johnson appointed Lord Davies of Abersoch CBE as the new Prime Minister’s Trade Envoy for Sri Lanka …
Korean PM calls PM Rajapaksa; focus on strengthening bilateral relations
Oct 20, 2020 (LBO) – Prime Minister of Korea Chung Sye-kyun called Prime Minister Mahinda Rajapaksa this morning, and the two leaders discussed a …
Fitch affirms Melstacorp & subsidiary Distilleries at ‘AAA(lka)’; outlook stable
Oct 20, 2020 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp PLC, and its subsidiary, …
CSE approves Softlogic Finance Rs 1.9Bn Rights Issue
Softlogic Finance PLC received Colombo Stock Exchange (CSE) approval for its Rights Issue of Rs 1.9 billion and the Extraordinary General Meeting of …
Certain clauses of 20A need referendum: Supreme Court informs Speaker
Oct 20, 2020 (LBO) – Speaker Mahinda Yapa Abeywardena today announced in Parliament the determination of the Supreme Court on the ‘Twentieth …