Foreign investor bond exodus nears $ 300mn; Colombo stocks close week near multiyear lows
August 25, 2018 (LBO) - The Colombo Stock Exchange ended the week near unchanged as indices approach key technical levels. The All Share Price …
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US warship arrived in Trinco, location to be tested for air logistics hub concept
Aug 24, 2018 (LBO) – Amphibious transport dock USS Anchorage (LPD 23), with the embarked 13th Marine Expeditionary Unit (MEU) arrived in …
Australian PM Malcolm Turnbull ousted, Scott Morrison to replace him
Aug 24, 2018 (LBO) – Former treasurer Scott Morrison is to become Australia’s sixth Prime Minister in 11 years, prolonging an era of …
Moody’s expects Brent spot price to average around USD72 per barrel in 2018
Aug 23, 2018 (LBO) – Moody’s Investors Service expects crude oil price to remain elevated in the near term but to moderate over the medium term. …
Sri Lanka Govt gives Cabinet nod to increase subsidy for rubber planting
Aug 23, 2018 (LBO) - Sri Lanka’s cabinet of Ministers has given the go ahead for increasing subsidies given to farmers for planting rubber in a bid …
New Executive Director at Lakshman Kadirgamar Institute (LKI)
August 22, 2018 (LBO) - Dr. Ganeshan Wignaraja has been appointed as the new Executive Director of the Lakshman Kadirgamar Institute of International …
Mobitel partners first-ever ‘YouTube Open Mic Night’ in Sri Lanka
Mobitel was the Official Telecommunication Partner for the first-ever ‘YouTube Open Mic Night’ in Sri Lanka held at the Shangri-a - Colombo …
Sri Lanka July inflation up to 3.4-pct
Aug 22, 2018 (LBO) - Sri Lanka's overall rate of inflation as measured by the National Consumer Price Index (NCPI),on year on year is 3.4 percent in …
Sri Lanka’s first Permanent High Court at Bar ceremonially opens
Justice Minister Thalatha Athukorala on Tuesday ceremonially opened the Special Court established to expedite the cases that involve large-scale …
New country branding for Sri Lanka Tourism to be unveiled in November
Aug 21, 2018 (LBO) – Sri Lanka Tourism’s the new country branding will be unveiled at the World Travel Mart (WTM) in London in November 2018. …
Sri Lanka’s Hemas Holdings’ weak 1Q results reflect seasonality: Fitch Ratings
Aug 21, 2018 (LBO) – Fitch Ratings said the weakness in Sri Lanka-based diversified conglomerate Hemas Holdings first-quarter financial results is …
Melstacorp to enter into health care industry in Sri Lanka
Aug 21, 2018 (LBO) – Melstacorp is to enter into the healthcare industry in Sri Lanka shortly through the subsidiaries incorporated to undertake …
eChannelling launches its digital services at District Hospitals in Sri Lanka
Aug 21, 2018 (LBO) – A Fully-owned subsidiary of Sri Lanka Telecom, e-Channelling PLC recently launched its service at Ampara General Hospital …
Office space demand and long term optimism for apartments to drive real-estate market
Aug 21, 2018 (LBO) – It is clear that Sri Lanka has enjoyed a sustained growth in the supply of high-end luxury apartments. online pharmacy buy …
Sri Lanka looks forward to work closely with new Premier of Pakistan
Aug 20, 2018 (LBO) – Sri Lanka’s head of state, President Maithripala Sirisena says he is looking forward to working closely with the …
Hirdaramani completes 1st stage of long-term Solar Panel Project
Celebrating 10 years since the opening of its flagship green facility Mihila, Asia’s first CarbonNeutral® Apparel factory, The Hirdaramani group …
Sri Lanka to expand Electronic Document Attestation System to DS level
Aug 20, 2018 (LBO) – Sri Lanka is to expand Electronic Document Attestation System (e-DAS) of the Foreign Ministry to Divisional Secretariat level …
Altair sponsors RCGC Open Golf tournament for 2ndsuccessive year
The best of Sri Lanka’s amateur and professional golfing talent will vie for the title of the country’s champion golfer when the 2018 edition of …
LAUGFS Gas Partners with Colombo City Centre as its exclusive LPG service provider
LAUGFS Gas has come into an exclusive arrangement with Colombo City Centre’s upcoming mall to provide LPG to all its restaurants and food outlets. …
Cochin International Airport closure extended until August 26
Aug 17, 2018 (LBO) – SriLankan Airlines said they introduced a series of measures to mitigate inconvenience to its passengers from the closure of …
Moody’s Investors Service annual credit analysis assigns Sri Lanka B1 Negative
Aug 17, 2018 (LBO) – Moody's Investors Service says that the credit profile of the Government of Sri Lanka (B1 negative) is supported by the …
Central Bank to assist “Enterprise Sri Lanka” loan programme with training
Aug 17, 2018 (LBO) – Finance Ministry is to conduct training programs for all new entrepreneurs covered under the “Enterprise Sri Lanka” loan …
Sri Lanka, Oman sign agreement on avoidance of double taxation and prevention of fiscal evasion
Aug 17, 2018 (LBO) - During the second meeting of the Sri Lanka-Oman bilateral consultations, held recently in Colombo, an agreement on avoidance of …
Sri Lanka’s Manufacturing growth marginally slows at beginning of Q3
Aug 17, 2018 (LBO) - The Manufacturing Sector PMI decreased to 57.2 index points in July 2018 from 57.6 index points observed in the previous month, …