Ekuinas sells APIIT Lanka for RM41mil
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has disposed of its entire equity interest, together with its minority partners in APIIT Lanka Pvt Ltd …
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BOI inks agreement with edotco to equip Sri Lanka with Smart City Solutions
July 17, 2019 (LBO) – The Board of Investment (BOI) and edotco Sri Lanka, an integrated telecommunications infrastructure services company today …
UN expert to assess rights to freedom of peaceful assembly in Sri Lanka
July 17, 2019 (LBO) – UN Special Rapporteur Clément Nyaletsossi Voule will visit Sri Lanka from 18 to 26 July 2019 to assess rights to freedom of …
Lagarde to resign from IMF w.e.f Sept; selection process for next MD to start promptly
July 17, 2019 (LBO) – IMF Executive Board has accepted Managing Director Christine Lagarde’s resignation from the fund with effect from 12 …
SenzMate, the Internet of Things tech company born in Jaffna
By Jekhan Aruliah I visited SenzMate a few months ago, and am only now getting around to writing about them. The reason for my hesitation has been …
PUCSL, Moratuwa Uni to introduce self-powered housing model for low-income households
July 16, 2019 (LBO) – Sri Lanka's electricity sector regulator, Public Utilities Commission signed a Memorandum of Understanding with Moratuwa …
China’s Sinopec sets up fuel oil unit in Sri Lanka
July 16, 2019 (LBO) – China Petroleum and Chemical Corp, Sinopec Corp has launched a fuel oil company in Sri Lanka as it looks to supply fuel to …
EU offers EUR 8.5mn for Sri Lanka to focus on counter-narratives, online radicalisation
July 15, 2019 (LBO) – The European Union (EU) and Sri Lanka held on Monday an informal counterterrorism dialogue, chaired on the EU side by EU …
JICA supports “Build-Back-Better” tourism sector in Sri Lanka
July 15, 2019 (LBO) – The Japan International Cooperation Agency (JICA), in cooperation with the Tourism Ministry, successfully completed a joint …
England wins 2019 Cricket World Cup
Jul 15, 2019 (LBO) - England pulled off the greatest World Cup final win over New Zealand to secure cup after a nail-biting tie-break finish, Sunday …
Sri Lanka’s “Enterprise SL” exhibition goes to A’pura in July
Jul 15, 2019 (LBO) - The Finance Ministry'S "Enterprise Sri Lanka" exhibition will be held in Anuradhapura from July 24-27. This exhibition will be a …
Fitch downgrades Bimputh Finance to ‘BB-(lka)’; outlook stable
July 12, 2019 (LBO) – Fitch Ratings Lanka has downgraded Bimputh Finance PLC's National Long-Term Rating to 'BB-(lka)' from 'BB(lka). The Outlook …
US Ambassador meets Plantation Industries Minister Navin Dissanayake
US Ambassador to Sri Lanka Alaina B. Teplitz met Minister of Plantation Industries Navin Dissanayake and State Minister of Plantation Industries …
Sri Lanka’s possible fiscal slippage, main argument for not relaxing policy: CBSL Chief
July 12, 2019 (LBO) – Sri Lanka’s possible fiscal slippage is the main argument against relaxing monetary policy, the Central Bank Governor …
Sri Lanka government survives no confidence vote
July 11, 2019 (LBO) – Sri Lanka’s government on Thursday survived a no-confidence vote in parliament after a majority of legislators voted to …
Sri Lanka reserves improve to USD 8.9bn by end June; YTD rupee appreciation 4.1-pct
July 11, 2019 (LBO) – Sri Lanka's gross official reserves have reached 8.9 billion US dollars by end June 2019, following the receipt of 2 billion …
Sri Lanka Central Bank maintains policy interest rates at current levels
July 11, 2019 (LBO) – Monetary Board of Sri Lanka’s Central Bank at its monetary policy meeting has decided to maintain policy interest rates at …
John Keells empowers skills development of over 9200 youth in 2018/19
(PRESS RELEASE) “When I came home with my poor O/L results, my father asked me what I would do with my life now? He actually gave up on me. It was …
Ambassador of Sri Lanka to US Rodney Perera presents credentials to President Trump
July 11, 2019 (LBO) – Ambassador of Sri Lanka to the United States, Rodney M. Perera, presented his credentials to the President of the United …
No SOFA deal yet; MCC to be presented to Parliament after cabinet approval: PM
July 10, 2019 (LBO) – Sri Lanka’s government has not signed a new Status of Forces Agreement (SOFA) with the United States although discussions …
EU Counter-Terrorism Coordinator to visit Sri Lanka
July 10, 2019 (LBO) – European Union's Counter-Terrorism Coordinator Gilles de Kerchove will visit Sri Lanka this week. The visits aim to support …
Ceylon Chamber to hold discussion on constitutional powers of President post 19A
The Ceylon Chamber of Commerce will hold an informative discussion on the constitutional powers of the President post the 19th Amendment to the …
Spectrum’s aircraft landed Sri Lanka only for crew rest & refueling: Civil Aviation Authority
July 09, 2019 (LBO) – Sri Lanka's Civil Aviation Authority says the private aircraft ZS-ASN landed at the Bandaranaike International Airport only …
BOI signs deal with Japanese company to set up Boutique Hotel with USD 8.4Mn investment
July 10, 2019 (LBO) – Sri Lanka's Board of Investment recently signed a new investment agreement with Wakana JPN (Pvt) ltd. to construct and …