Knit fabric maker Teejay announces plans to diversify in to lace
Jul 25, 2019 (LBO) - Teejay Lanka PLC, Sri Lanka’s only multinational textile mill, has announced plans to partner with a leading Chinese company …
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Foreign Minister clarifies appointments for UN Special Rapporteur
Special Statement by Tilak Marapana, Minister of Foreign Affairs in Parliament – 25.07.19 It has been brought to my notice that last Tuesday (23 …
ETL Colombo denies claims as the importer of waste cargo
Jul 25, 2019 (LBO) - ETL Colombo (Pvt) Ltd. outrightly denied any claims that they are the ultimate importer of the 130 containers of "Used …
CA SL to host regional forum on finance professionals combating corruption
Jul 25, 2019 (LBO) - The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will host a regional forum in Colombo next week on the role …
IMF downgrades global growth to 3.2-pct in 2019
Jul 25, 2019 (LBO) - The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next, a statement …
Sri Lanka officially adds “Port City” reclaimed land to Colombo map
Jul 24, 2019 (LBO) - Sri Lanka's Minister for Megapolis and Western Province Development said the Ministry of Local Government will be tabling an act …
NDBIB crowned Sri Lanka’s best investment bank by Euromoney
Jul 24, 2019 (LBO) - NDB Investment Bank (NDBIB) once again secured the prestigious “Best Investment Bank in Sri Lanka” award by Euromoney for …
China State Engineering rewards DP Jayasinghe for completing TRI ZEN’s piling
Jul 24, 2019 (LBO) - China State Construction Engineering Corporation (CSCEC) has rewarded DP Jayasinghe with 7 million rupees for completing TRI …
Sri Lanka Customs to investigate waste containers: Fin Min
Jul 24, 2019 (LBO) - The Finance Minister has ordered Sri Lanka's Customs to conduct an investigation into the import of containers containing …
CEAT launches new radial tyre range with Rs.350Mn production upgrade
Jul 23, 2019 (LBO) - CEAT, a tyre brand has unveiled a new series of radial tyres in Sri Lanka following an investment of 350 million rupees to …
Clarity is vital for Sri Lanka’s economic resurgence: MAS Chairman Mahesh Amalean
July 23, 2019 (LBO) – Clarity is what gives businesses enormous strength, direction and focus in a challenging environment to regain and sustain …
Sri Lanka inflation decreased in June
July 23, 2019 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index has been decreased …
Hayleys Free Zone decides to process & re-export cargo in question expeditiously
July 22, 2019 (LBO) – Hayleys Free Zone Limited today revealed that it has taken a decision to process the cargo in question and re-export them …
UN Special Rapporteur on the rights of freedom of association and peaceful assembly on country visit
Jul 19, 2019 (LBO) - The Special Rapporteur on the rights of freedom of association and peaceful assembly, Clément Nyaletsossi Voule commencing his …
Sri Lanka vehicle registrations down in June 2019
Jul 22, 2019 (LBO) - Sri Lanka's vehicle registrations across most categories have declined in June relative to May, a new report shows. Data …
YMBA Independent Movement forms national agenda; calls for one law for all Sri Lankans
July 20, 2019 (LBO) – An Independent National Movement led by the Colombo YMBA, after deliberations, have come up with a four-point national agenda …
BOI to take action against Hayleys Free Zone Ltd for failed waste re-exports
July 19, 2019 (LBO) – Sri Lanka’s Board of Investment is to take stern action against Hayleys Free Zone Limited for failing to meet commitment …
Fantasy Island (Pvt) Ltd announce family entertainment center in Battaramulla
Jul 19, 2019 (LBO) - Fantasy Island will become Colombo’s a family entertainment center located at Waters Edge in Battaramulla with the elements …
Sri Lanka needs to improve energy sector governance: Dr Priyantha Wijetunga
Jul 19, 2019 (LBO) - Sri Lanka has a long way to go when it comes to energy sector governance Director, Asian Development Bank, South Asia Energy …
Sri Lanka Central Bank expects lending rates to reduce further in immediate future
July 19, 2019 (LBO) – Sri Lanka’s Central Bank expects lending rates of banks and NBFIs to reduce further in the immediate future, and borrowers, …
EU reiterats call to maintain moratorium on death penalty in Sri Lanka with view to abolition
Jul 18, 2019 (LBO) - The Delegation of the European Union (EU) issuing a statement said they reiterated their call to Sri Lanka to maintain its …
Federal Reserve will only cut rates once in 2019: Fitch Ratings
July 18, 2019 (LBO) – The Federal Reserve is likely to cut interest rates by less than financial markets expect over the rest of 2019 given robust …
ComBank launches Sri Lanka’s first QR based payment app under LANKAQR
The Commercial Bank of Ceylon has launched ComBank Q+ – the first Quick Response (QR) based payment app to be launched under LANKAQR – creating …
JICA extends JPY 263mn grant for Sri Lanka public sector development
July 18, 2019 (LBO) – Japan International Cooperation Agency on Wednesday extended a grant agreement under JDS amounting to 263 million Japanese …