Maersk Line to invest in Colombo Port expansion
Jan 13, 2016 (LBO) – Danish multinationals including Maersk Line and Novo Nordisk are seeking to invest in Sri Lanka, Danish Ambassador for Sri Lanka Peter …
Fitch rates Commercial Bank’s subordinated debentures AA-
Jan 13, 2016 (LBO) – Fitch Ratings Lanka has assigned Commercial Bank's proposed Basel II-compliant subordinated debentures of up to 7 billion rupees a …
YouTube launches localized version in Sri Lanka
Jan 13, 2016 (LBO) – The most popular video sharing site in the world, YouTube on Tuesday launched its localized version for Sri Lanka, Google Asia Pacific …
Obama gives last state of the union address
Jan 13, 2016 (LBO) - U.S. President Barack Obama gave his final state of the union address on Tuesday attempting to bridge an optimistic assessment of the …
Sri Lanka’s People’s Insurance commences trading on CSE
Jan 12, 2016 (LBO) – People's Insurance rang the opening bell to commence trading at the Colombo Stock Exchange (CSE), Tuesday. “Our parent is part of the …
ODEL donates its Kids’ play area to Lady Ridgeway Children’s Hospital
The Lady Ridgeway Children’s Hospital has become a brighter and happier place for its little patients and young visitors thanks to the generosity of ODEL. …
Sri Lanka stocks close with highest intra-day loss in 5 months
Jan 12, 2016 (LBO) – Sri Lankan stocks closed down at 1.74 percent for a seventh consecutive day with losses across the board as regional markets also …
Colombo port city proposal to be downsized: Minister
Jan 12, 2016 (LBO) – Sri Lanka will continue with the Colombo port city project after downsizing the previous agreement entered with China, the International …
CCC Import Section conducts forum on ‘Single Window System’ tomorrow
Import Section of the Ceylon Chamber of Commerce together with Sri Lanka Customs will hold a forum on the 13th January, 2016 to create industry level awareness …
Medium term growth prospects for Sri Lanka market: CT CLSA
Jan 12, 2016 (LBO) - The Sri Lankan economy is forecast to grow 6 percent 2016 with fiscal proposals to stimulate manufacturing, export and construction …
An investor to park USD1 bln in dollar deposits, says Finance Minister
Jan 12, 2016 (LBO) - An investor has promised to park 1 billion dollars in dollar deposits in Sri Lanka to help the island nation defend its currency, …
UN High Commissioner for Human Rights to visit Sri Lanka next month
Jan 11, 2016 (LBO) – UN High Commissioner for Human Rights Zeid Al Hussein will visit Sri Lanka early next month, Humanitarian Coordinator of UN in Sri Lanka …
‘Virusara’ privilege card for War Heroes to be launched in January
The first leg of special privilege card for War Heroes, 'Virusara' is to be launched on the 25th of January (2016) under the patronage of the President. It was …
Prof. Mahadevan to hold CA Sri Lanka programme on Inspirational Leadership
World-renowned speaker Prof. B. Mahadevan will be in Sri Lanka in February on the invitation of the CA Sri Lanka Business School to conduct a one-day programme …
No official song to mark one year of President’s term
Jan 11, 2016 (LBO) – Secretary to the President P.B. Abeykoon says no official song has been released to mark one year of democratic governance under the …
SEC advises TKS Securities over possible violation of rules
Jan 11, 2016 (LBO) – Sri Lanka’s securities watchdog has advised TKS Securities, a registered stockbroker, that their agent has made representations to the …
Interview: Sector specific Acts needed for water, petroleum, says DG PUCSL
Jan 11, 2016 (LBO) – Sri Lanka’s Public Utilities Commission will need to have sector specific Acts for it to have power to regulate water and petroluem …