Sri Lankan and U.S. doctors pioneer first robot-assisted surgery Onboard USNS Mercy
May 14, 2018 (LBO) - U.S. and Sri Lankan surgeons conducted the first ever robot-assisted surgery aboard the USNS Mercy on May 4. The joint team of …
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Mastercard and SLTPB invite Indian travellers to discover the best of Sri Lanka
Discounts on Flights, Hotel Stays and Shoppingset to give Indians more reasons to visit Sri Lanka Mastercard and the Sri Lanka Tourism Promotions …
Sri Lanka among most exposed countries to an interest rate shock: Moody’s
May 14, 2018 (LBO) – Moody’s Investors Service said the probability of an interest rate shock tends to be higher for Sri Lanka as the country is …
Top Harvard Professor to speak at CCC’s Future of Business event
World renowned and leading academic in development economics, Professor Ricardo Hausmann will share his insights on innovation from a global …
Mangala reveals why Ranil won’t give up on UNP leadership
May 14, 2018 (LBO) – Sri Lanka’s Finance and Media Minister Mangala Samaraweera recently revealed the reason as to why current leader of the UNP …
Iranian companies to provide tech and engineering services to Sri Lanka
May 14, 2018 (LBO) - Iranian President Hassan Rouhani said that relations between Iran and Sri Lanka will be developed in all fields, stressing that …
Sri Lanka GDP will grow at 3.7-pct in Q1
May 14, 2018 (LBO) - Sri Lanka's will grow at 3.7 percent in the first quarter of 2018, althought this below the islands potential, the Governor of …
ADB approves USD 100Mn additional funding to enhance job skills in Sri Lanka
May 11, 2018 (LBO) - The Asian Development Bank’s (ADB) has approved a US 100 million dollars results-based loan as additional financing for the …
Sri Lanka gross official reserves improved to USD9.9bn by end April
May 11, 2018 (LBO) – Sri Lanka's gross official reserve position had improved to 9.9 billion US dollars by end April, the record highest level …
Central Bank maintains policy interest rates unchanged
May 11, 2018 (LBO) – Monetary Board of the Central Bank at its meeting held on 10 May 2018 has decided to maintain policy interest rates at their …
Sri Lanka’s Nations Trust Bank PAT Rs.939Mn, up 30-pct
May 11, 2018 (LBO) - Nations Trust Bank recorded a post-tax profit of 939 million rupees, up by 30 percent in the first quarter of 2018 over the …
Sri Lanka to revise fuel price every two months
May 11, 2018 (LBO) - Fuel prices in Sri Lanka will be revised every two months under a new cabinet approved pricing formula, Finance Minister Mangala …
GSP Plus is a transient popup for apparel sector: Apparel Institute’s Chairman
May 10, 2018 (LBO) – Apparel industry leaders say that increasing apparel exports and receiving trade benefits such as GSP Plus facility, should …
Sri Lanka hikes petrol, diesel prices: Cabinet approves fuel pricing formula
May 10, 2018 (LBO) - Sri Lanka has increased the prices of petrol and diesel following a cabinet decision to approve a fuel pricing formula. Petrol …
15 finalists selected for Mother Daughter Fashion Designer Contest
The Chokolaate LiCC Mother Daughter Fashion Designer Contest organized by Sri Lanka’s premier teen magazine Chokolaate returns for the 9th …
EU provides Rs.810Mn to modernise Sri Lanka’s agricultural sector
May 10, 2018 (LBO) –The European Union has launched a 810 million rupee project to support the modernization of Sri Lanka's agriculture sector. The …
Siyapatha Finance to raise Tier 1 capital with a rights issue
May 10, 2018 (LBO) – Sri Lanka’s Siyapatha Finance is planning to raise 250 million rupees by way of a rights issue, the company said in a stock …
Mahathir Mohamad, 92 will become worlds oldest PM
May 10, 2018 (LBO) - Former Malaysian leader Dr Mahathir Mohamad will become the world’s oldest prime minister after wining the recently held …
Sri Lankan FDI flow into Singapore totaled USD150 Mn in 2014
Sri Lanka’s newest Free Trade partner in the world, itself a major economic hub, hinted its keen ambitions to leverage the Sri Lankan economic …
Sri Lanka shows 4.2-pct unemployment rate for 2017
May 09, 2018 (LBO) – Sri Lanka’s statistics office said that the estimated unemployment rate for 2017 has been 4.2 percent. Unemployed persons …
Why Sri Lanka’s unsaturated real estate market works to its advantage
(PRESS RELEASE) Sri Lanka’s now-vibrant real estate market has developed greatly in recent years. Whilst the current growth trajectory has given …
Teejay Lanka’s PAT Rs.508Mn; Up 3-pct
May 09, 2018 (LBO) - Teejay Lanka PLC has reported a profit after tax for the March quarter of 508.4 million rupees, an increase of 3 percent …
Sri Lanka tourist arrivals up 12.6-pct in April 2018
May 08, 2018 (LBO) – Sri Lanka tourist arrivals increased 12.6 percent in April this year against last year with the largest source market for …