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Mitra Innovation expands operations into Europe – opens office in Germany

Sept 25, 2018 (LBO) - Mitra Innovation recently announced the launch of engineering and client servicing operations in Germany. online pharmacy buy …

Feature: Building Sri Lanka’s resilience to climate change

By World Bank 38-year-old Sivasidambaram Vasugi is the General Manager of one of the first cooperative-owned seed paddy processing centers in …

Maldives elects new President: Abdulla Yameen concedes defeat

Sept 24, 2018 (LBO) - The Maldives, has voted Ibrahim Mohamed Solih, the opposition candidate, as the islands new President, foreign media reports …

“Sri Lanka Socio-Economic Data – 2018”, now available

Sept 24, 2018 (LBO) - “Sri Lanka Socio-Economic Data – 2018”, the annually published data folder of the Central Bank of Sri Lanka, is now …

Sri Lankan tech firm Auxenta in ‘30 Most Innovative Companies to Watch 2018’

Sept 21, 2018 (LBO) - The fast-growing boutique technology solutions firm, Auxenta, is proud to be named as one of ‘30 Most Innovative Companies to …

Sri Lanka’s rupee hits record lows as Central Bank hold rates

Sept 21, 2018 (LBO) - Sri Lanka’s rupee hit an all time low of 168.65/169.00 to the US dollar at the close of day Thursday down from 167.10 the …

World Bank says action needed to prevent impacts from climate change in Sri Lanka

Sept 20, 2018 (LBO) - Rising temperatures and changing rainfall patterns pose a threat to Sri Lanka and could reduce GDP and living standards, a new …

India gives Rs.300Mn grant to build cold storage for Sri Lanka’s fruits and vegetables

Sept 20, 2018 (LBO) - A Memorendem of Understanding has been signed between the Ministry of National Policies and Economic Affairs and the Government …

Sri Lanka’s Access gets Col 02 land for Rs.1.1 Bn

Sept 20, 2018 (LBO) - Sri Lanka's cabinet of ministers has approved the lease of a prime land block in the Colombo's central business district …

Cabinet nod for 500MW LNG plant in Kerawalapitiya

Sept 20, 2018 (LBO) - - The Ceylon Electricity Board has been given cabinet approval to sign an agreement with India's NTC to build and 500 …

Margin deposit requirement against LCs opened with commercial banks for vehicles

Sept 20, 2018 (LBO) - The Monetary Board of the Central Bank of Sri Lanka imposed a 100 per cent margin deposit requirement against Letters of Credit …

Pelwatte Dairy commissions new milk powder plant

Sept 19, 2018 (LBO) - Pelwatte Dairy Industries Limited, a local dairy manufacturer expanded its operations by commissioning a brand new milk powder …

NTB empowers Sri Lankan expats to become entrepreneurs through workshops in South Korea

(PRESS RELEASE) - South Korea is home to a vibrant community of Sri Lankan expatriates striving to build a better future for their families in Sri …

Sri Lanka’s CAL facilitates first cross-border share transaction by local investment bank

Sept 19, 2018 (LBO) - Capital Alliance (CAL), recently performed Sri Lanka’s first ever transaction of overseas stocks, a statement said. CAL …

JICA support to improve solid waste management in Uva

(Press release) The Japan International Cooperation Agency (JICA) completed a pilot project to improve the Galapitagalayaya landfill site which is …

Colombo City Centre Mall to opens doors today

Sept 19, 2018 (LBO) - Sri Lanka's Colombo City Centre mall by Abans and NextStory Group will open to the public at 4.30 pm today. Conveniently …

FAO-EU to support improving the role of women in agriculture through training

Sept 19, 2018 (LBO) - A two-day training programme on the integration of women in the agriculture sector was held with representatives from …

Sri Lanka records GDP growth of 3.7-pct

Sept 19, 2018 (LBO) - Sri Lanka has recorded a growth of 3.7 percent in Gross Domestic Product in the second quarter of 2018. Growth in the first …

USD 50Mn from ADB to support Enterprise Sri Lanka’s rooftop solar power project

Sept 19, 2018 (LBO) - The Enterprise Sri Lanka projects which was launched by the Ministry of Finance has received Rs 8 billion (  USD 50 Million) …

“Disrupt Asia 2018” emphasizes importance of continuity in collaboration, youth participation and industry development

(PRESS RELEASE) The 2018 edition of Disrupt Asia, Sri Lanka's Premier Start-up Conference and Innovation Festival, was successfully concluded …

SLASSCOM launches program with Uni of Colombo for data science and AI

Sept 18, 2018 (LBO) - The Center for Data Science, Department of Statistics, University of Colombo will launch a training program in fundamentals of …

Iconic developers to invest USD50Mn in Sri Lanka’s real-estate

Sept 18. 2018 (LBO) - Singapore based property developer, Iconic said they are planning to invest US 50 million dollars in Sri Lanka's luxury/semi …

Sri Lanka rupee falls to new record low: ASPI down by 1.0-pct

Sept 18, 2018 (LBO) -  Sri Lanka's rupee hit an all time low of 166. online pharmacy buy zofran with best prices today in the USA buy amoxicillin …

Sri Lanka tops South Asia in human development index 2017

Sept 18, 2018 (LBO) - Sri Lanka has been classified under the “High Human Development” category, with a Human Development Index value of 0.770 , …