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Cabinet approves proposal to find an investor for new 300MW LNG plant in Kerawalapitya

Sep 17, 2020 (LBO) – The Cabinet of Ministers have approved a proposal to find an investor for the second 300MW combined cycle LNG power plant in …

Sri Lanka vehicle registrations down in Aug 2020

Sep 17, 2020 (LBO) - Total vehicle registrations significantly came down in August to 17,493 units down from 28,572 the previous month with slow …

SL ranks 83 on Economic Freedom of World index

Sep 17, 2020 (LBO) - Sri Lanka ranks 83 out of 162 countries and territories included in the Economic Freedom of the World: 2020 Annual Report, …

Seylan Bank joins hands with PickMe for exciting promotions

Seylan Bank recently partnered with PickMe, Sri Lanka’s leading transportation service provider, to offer all Seylan Credit and Debit Cardholders …

165 MW to be restored to national grid soon from Kelanitissa: Power Minister

Sep 16, 2020 (LBO) – The Minister of Power and Energy, Dullas Alahapperuma has instructed the officials of the Kelanitissa Power Plant to restore …

BOI signs agreement to set up a sea cucumber processing factory in Jaffna

Sep 16, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Suganth Seafood (Pvt) Ltd to set up a Sea Cucumber …

President authorized the construction of a docking bay in Beruwala

President Gotabaya Rajapaksa said that Sri Lanka can use its unique locational advantage to become one of the world's leading maritime hubs. …

Australia announces business partnership opportunities in Sri Lanka for COVID-19 recovery

Sep 15, 2020 (LBO) – The Australian High Commission in Colombo announced a call for proposals on 14 September 2020, to support COVID-19 economic …

Committee appointed to study 20th amendment handed over report to PM

Sep 15, 2020 (LBO) – The Committee appointed to study the 20th Amendment to the Constitution presented their report to Prime Minister Mahinda …

GDP growth to record steepest contraction at -5.8-pct for 2020E; W-shape recovery ahead: FCR

Sep 15, 2020 (LBO) – First Capital Research (FCR) expects the GDP growth to record the steepest contraction at -5.8% for 2020 while the growth may …

70-pct of electricity demand will be generated using renewable energy by 2030

President Rajapaksa directed that the plans should be devised to meet 70% of the country’s electricity demand using renewable energy sources by the …

MAGA commences construction of 624 housing units in Col 05

An initiative of the Urban Development Authority (UDA) of Sri Lanka, this 11-storey housing complex situated on Colombage Mawatha, Narahenpita is …

Sri Lanka to have short and long term plans to meet domestic liquid milk demand

Sep 15, 2020 (LBO) - President Gotabaya Rajapaksa has instructed officials to implement a short-term and long-term plan in collaboration with the …

Competition in Sri Lanka non-life insurance sector to rise as premiums fall

Sep 15, 2020 (LBO) - Price competition among non-life insurers in Sri Lanka is likely to intensify as a ban on auto imports and an economic downturn …

Developing Asia’s economies to recover next year: ADB

Sep 15, 2020 (LBO) - Economies across developing Asia will contract this year for the first time in nearly six decades but recovery will …

EU funds capacity-building projects for higher education in Sri Lanka

Sep 15, 2020 (LBO) - The Delegation of the European Union (EU) to Sri Lanka and the Maldives in collaboration with the University of Peradeniya …

CNBC to promote Sri Lanka Tourism

Sep 15, 2020 (LBO) - CNBC, the world’s leading channel for consumer and business news, extended their support to Sri Lanka Tourism by providing USD …

Opinion: It’s Ruwan! – Wijewardene in line to lead the UNP

September 14, 2020 (LBO) - After many weeks of anticipation, the UNP’s apex body (working committee) has put in place a transition plan for the …

The hype around cloud computing (and why it matters).

The COVID-19 pandemic has changed the way we live, study and work in a multitude of ways, no doubt. But some technologies have been at the forefront …