Sri Lanka’s main Airport congestion now under control: Minister
Jan 10, 2017 (LBO) – Sri Lanka’s Tourism Development Minister says the initial congestion caused as a result of the partial closure of the Katunayake …
Sri Lanka tea see good demand at auction
Jan 11, 2016 (LBO) - Sri Lanka tea’s weekly Auction concluded seeing good demand with high grown tea prices recording gains and low grown teas fluctuating, …
Yahoo to be named Altaba, Mayer to leave board after Verizon deal
Jan 10, 2017 (Reuters) – Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the …
MR outlines issues of proposed Hambantota port deal
Since the future of the Hambantota port is now under discussion, I wish to explain to the public, my position on this matter. The loans taken for the …
Deputy Foreign Affairs Minister addresses public forum on “Indian Ocean”
Dr. Harsha de Silva, Deputy Minister of Foreign Affairs, visited Singapore on 9th January 2017 to address the Public Forum cum Panel Discussion on the theme …
Sri Lankan shares end marginally lower; T-bill yields hit 4-mth high
Jan 10, 2017 (Reuters) – Sri Lankan shares erased early gains to end marginally lower on Tuesday as yields on short-term government securities rose in a …
Banker magazine picks Ravi as Finance Minister of the year, Asia Pacific
Jan 10, 2017 (LBO) – Finance Minister Ravi Karunanayake has been selected as the Finance Minister of 2016 for Asia-Pacific by the prestigious ‘The …
MullenLowe moves Sri Lanka operations to ultramodern office
MullenLowe Sri Lanka, the local office of the MullenLowe network - a member of the Interpublic Group (IPG), will formally unveil its ultra-modern office at …
Sri Lanka should rethink immigration, diaspora policies: Hausmann
Jan 10, 2016 (LBO) - Sri Lanka should rethink its immigration, diaspora and product development policies so as to encourage more complexity in exports, …
Singer crosses Rs.1bn worth Huawei smartphone sales in December, Records 77-pct sales growth in 2016
(PRESS RELEASE) - Huawei, a leading smartphone brand in Sri Lanka, announced that Singer Sri Lanka, the exclusive national distributor for Huawei …
USAID launches water project in disaster, CKD prone areas
Jan 10, 2017 (LBO) - The United States government joined the Sri Lankan government to launch an approximately 150 million rupees ($1 million) program to …
Stocks shaky as oil slump, ‘hard’ Brexit fears dim mood
SINGAPORE, Jan 10 (Reuters) - Asian stock markets were on the back foot on Tuesday as risk appetite evaporated overnight after the year's strong start, …
Sri Lanka’s credit rating upgrade depends on IMF compliance: Fitch
Jan 10, 2017 (LBO) - Sri Lanka's potential improvements in sovereign credit profiles will depend on the country's level of compliance with IMF conditions, as …
Sri Lankan shares end flat as policy uncertainty continues to weigh
Jan 09, 2017 (Reuters) – Sri Lankan shares were little changed on Monday after hitting a nine-month low last week as uncertainty over the government's …
Sri Lankan businessman will be first to invest in Hambantota zone: PM
Jan 09, 2017 (LBO) – A Sri Lankan investor will be the first businessman investing in the proposed Hambantota economic zone, Prime Minister Ranil …
Sri Lankan rupee steady; downward pressure prevails
Jan 09, 2017 (Reuters) – The Sri Lankan rupee traded steady on Monday, but dealers expect it to fall further on growing demand for dollars from foreign banks …
Sri Lanka to receive GSP+ concession next week: President
Jan 09, 2017 (LBO) - President Maithripala Sirisena says he has received information that Sri Lanka will receive the GSP+ trade concession next week, marking a …