Local, foreign insurers to get equal opportunities with new law
Aug 03, 2016 (LBO) – Sri Lanka’s cabinet of ministers has approved a proposal to finalize the draft bill on Regulation of Insurance Industry Act by adding …
Minister of Foreign Affairs, Canada and UNDP inaugurate Jaffna’s only Siddha Medicine Center
(PRESS RELEASE) - Honourable Stéphane Dion, Minister of Foreign Affairs of the Government of Canada and Her Excellency Shelley Whiting, Canadian High …
Sri Lanka forging ahead with reforms for intra-Asia trade : PM
Aug 03, 2016 (LBO) - Sri Lanka’s Prime Minister Ranil Wickremesinghe says the Unity Government action plan is to introduce a large database of products and …
Deputy Minister Harsha de Silva heads Sri Lanka Delegation at 23rd ASEAN Regional Forum
(PRESS RELEASE) - Deputy Foreign Minister, Dr. Harsha De Silva headed the Sri Lanka delegation at the 23rd ASEAN Regional Forum (ARF) held in Vientiane, Lao …
Sri Lanka’s private sector being too risk averse: Finance Minister
Aug 03, 2016 (LBO) - Sri Lanka's private sector is being too risk averse and now is the time to come forward with proposals, Finance Minister Ravi Karunanayake …
Sri Lanka’s Port City developer withdraws compensation claims
Aug 02, 2016 (LBO) – Sri Lanka’s port city developer CHEC Port City Colombo, who is handling the project for the Chinese investor, China Communications …
Implementation, delivery, execution key: Malaysia’s Pemandu CEO
Aug 02, 2016 (LBO) - Malaysia's model for economic growth in recent years has been driven by a focus on implementation, delivery and execution, Dato Sri Idris …
Expectations of economic management not being met: Razeen Sally
Aug 02, 2016 (LBO) - After 18 months of Sri Lanka's new administration, expectations that proper economic management would be in place are going unmet, Prof …
Sri Lanka’s exports lagging in Asia: Governor
Aug 02, 2016 (LBO) - Sri Lanka's exports, as a percent of GDP, fall far below other countries in the region, Central Bank Governor Indrajit Coomaraswamy said …
Sri Lanka’s Sampath Bank profits surge 54-pct in June quarter
Aug 02, 2016 (LBO) – Net profits at Sri Lanka’s Sampath Bank group rose 54 percent to 2.5 billion rupees in the June quarter from a year earlier, interim …
Sri Lanka’s Commercial Bank to raise Rs7bn from listed debenture
Aug 02, 2016 (LBO) – Sri Lanka’s Commercial Bank is to raise 7.0 billion rupees from a listed debenture issue, the bank said in a stock exchange filing. …
Sri Lanka in investor spotlight, as new era dawns: OBG
(PRESS RELEASE) - Sri Lanka’s plans to boost foreign direct investment through a raft of pro-business policies and incentives are mapped out in a landmark …
Kia goes East with smart new Sales Centre
(PRESS RELEASE) - Kia Motors (Lanka) has opened its first Vehicle Sales Centre in Sri Lanka’s Eastern Province as part of the company’s on-going dealership …
Fitch affirms 10 Finance Companies; expects asset quality to deteriorate
Aug 02, 2016 (LBO) – Fitch Ratings has affirmed the ratings of 10 Finance Companies following its periodic review of the large and midsized finance …
SriLankan launch real-time card transactions for on-board duty free purchases
Passengers purchasing items from SriLankan Airlines’ ‘Serendib Treasures’ on-board duty-free collection will from August 1 enjoy enhanced convenience and …
Esala Weerakoon appointed as new secretary of Foreign Ministry
Esala Weerakoon, member of the Sri Lanka Foreign Service batch of 1988 received his letter of appointment as the Secretary to the Ministry of Foreign Affairs, …
Aitken Spence PLC Joins CSE to Open Trading for August
Aitken Spence PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today and pledged to play its part in furthering the nation’s …
Huawei Sri Lanka says P9 first shipment sold out within a week
Huawei, Sri Lanka’s fastest growing smartphone announced that it has successfully sold out its first shipment of the new flagship smartphone Huawei P9 in Sri …
We need to position our country: Harsha de Silva
Aug 02, 2016 (LBO) – Sri Lanka’s deputy minister of foreign affairs says that as a nation we need to ease rules and attract investment and build confidence …