Korean Film Festival 2016 in Colombo, Sri Lanka
Following on the success of last year’s event, the Embassy of the Republic of Korea in Sri Lanka and the Korea Foundation will co-host the Korean Film …
Fitch affirms Alliance Finance Company’s rating at BB+(lka)
Fitch Ratings Lanka has today affirmed Alliance Finance Company PLC's (AFC) National Long-Term Rating at 'BB+(lka)' with a Stable Outlook. At the same time …
Sri Lanka’s Financial Intel Unit signs MOU with Singapore authority
Sept 22, 2016 (LBO) - The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU) has entered into a memorandum of understanding with the Suspicious …
Opinion: Sampur Coal Power Plant, how did it get environmental clearance?
By Vidhura Ralapanawa The Trincomalee Coal Power Plant (TCPP), a joint venture between Ceylon Electricity Board (CEB) and Indian coal power giant NTPC, was …
Infrastructure: Port city to transform Colombo, boost facilities
Sep 22, 2016 (LBO) – Sri Lanka’s planned Port City project says its vision is to offer a modern and sustainable lifestyle without comprising services …
Asian shares surge, dollar lags on slow-motion Fed
SINGAPORE/SYDNEY, Sept 22 (Reuters) - Asian shares surged on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates …
Kumar Sangakkara Kicks OffMurali Harmony Cup 2016
(PRESS RELEASE) - The Murali Harmony Cup 2016 was declared open today (20th September 2016) in Kilinochchi. 24 teams will compete in this year’s blockbuster …
Sri Lanka nationwide inflation declines to 4.5-pct in Aug 2016
Sept 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index declined to 4. online pharmacy buy ciprodex with best prices …
Yacht operator says Merchant Shipping blocks business
Sept 21, 2016 (LBO) – Sri Lankan Aggressor, a yacht named after the island, has been blocked by the Secretariat of Merchant Shipping from registering pending …
Textured Jersey changes its name to Teejay Lanka
Sept 21, 2016 (LBO) – Sri Lanka’s Textured Jersey, a leading knitted fabric company, has officially changed its name to Teejay Lanka with effect from 15th …
Sri Lankan rupee down on importer dollar demand; forwards active
Sept 21, 2016 (Reuters) – The Sri Lankan rupee fell on Wednesday on importer dollar demand, while currency forwards were actively traded in the absence of …
New markets needed to offset Sri Lanka Tea downturn: OBG
Sept 21, 2016 (LBO) - Adverse weather conditions, combined with rising costs and greater competition, threaten to weaken Sri Lanka’s position in the global …
Summit: Office space in Colombo to quadruple with Port City
Sept 21, 2016 (LBO) – Sri Lanka’s capital Colombo office space will quadruple after the completion of the ongoing Port City development project, a Port …
US Pacific Command partners with Sri Lanka on oil spill management
Sept 21, 2016 (LBO) - Experts from the U.S. Pacific Command have provided training for disaster response counterparts from Sri Lanka and Maldives on responses …
Jinasena launches solar solutions for domestic and industrial markets
(PRESS RELEASE) - High-tech solar solutions available via 19 Service Centres across the island Jinasena (Pvt) Limited, one of the leading water management …
Sri Lanka committee to look in to Norochcholai environmental issues
Sep 21, 2016 (LBO) - Sri Lanka’s Public Utilities Commission (PUCSL) has appointed a 7 member committee to look at the environmental damage allegations that …
Asia stocks pull ahead, investors on edge before BOJ verdict
HONG KONG, Sept 21 (Reuters) - Asian shares got off to a tentative start on Wednesday, while the yen was steady as investors braced for the outcome of the Bank …