CSE obtains exchange control approval to list foreign companies
Jan 06, 2016 (LBO) – Sri Lanka’s Colombo Stock Exchange has obtained exchange control approval from the Finance Ministry to start listing foreign companies …
No movement of professionals under Indo-Lanka pact: Harsha de Silva
Dec 23, 2015 (LBO) – Deputy Minister of Foreign Affairs Harsha de Silva requested professionals not to mislead the public with false statements as there is …
Sri Lanka expects EU fishing ban to be revoked by mid 2016
Dec 22, 2015 (LBO) – Sri Lanka is looking at a favorable response about the lifting of EU fishing ban from the European Parliament by mid next year, the …
Enrique Iglesias performs ‘Bailando’ LIVE in Sri Lanka – Photos
Dec 21, 2015 (LBO) – Fans across the South Asian region had a rare opportunity to witness the energetic performances of Latin pop sensation Enrique Iglesias …
Sri Lanka requests India to extend USD 1.5bn swap facility by one year
Dec 17, 2015 (LBO) – Sri Lanka’s Finance Ministry has requested India to extend the existing 1.5 billion US dollars swap facility by one year, the finance …
Leapset Engineering rebrands as CAKE LABS
Dec 11, 2015 (LBO) – Tech outfit Leapset Engineering has rebranded as CAKE LABS after having changed its US name from Leapset to CAKE. “We wanted to better …
Sri Lanka currency adjustments terrible: Nishan de Mel
Dec 10, 2015 (LBO) – Sri Lanka’s currency adjustments which are poorly timed affect business planning and confidence of international community while …
Sri Lanka customs invites rights holders to fight counterfeits
Dec 04, 2015 (LBO) – Sri Lanka customs invited right holders of products to come forward to help authorities to stop importing counterfeit goods to Sri …
‘Sex and Love Tour’ of Enrique Iglesias in Sri Lanka
Dec 02, 2015 (LBO) – Award winning global superstar and Latin music idol Enrique Iglesias will be performing ‘Sex and Love Tour’ LIVE in concert in …
Railway unions calls President to stop importing locomotives from India
Nov 30, 2015 (LBO) – Sri Lanka’s Railway Trade Union Alliance has urged the President and Prime Minister to stop importing what they called substandard …
Govt to raise Rs20bn from new excise duty for motor cars
Nov 20, 2015 (LBO) – Sri Lanka’s government is to introduce a unit rate of excise duty for the vehicles on the basis of cubic centimeters (cc) that …
Google makes traffic congestion maps available for Sri Lanka
Nov 19, 2015 (LBO) - Google Maps has activated traffic information for Sri Lanka with useful congestion data for Colombo and other locations, an IT observer …
Sri Lanka’s MTD launches Walkers Colombo Shipyard
Nov 18, 2015 (LBO) – Sri Lanka’s listed MTD Walkers has acquired a ship repair and ship building entity to expand its existing presence in the marine …
JVP criticizes Ranil for inviting ‘The Man Who Broke the Bank of England’
Nov 09, 2015 (LBO) – The Marxist JVP on Monday criticized Prime Minister Ranil Wickremesinghe for inviting Hungarian-born American businessman George Soros …
Virtusa to provide IT services to Citigroup after acquiring Polaris for USD270mn
Nov 07, 2015 (LBO) – Global IT outsourcing company, Virtusa Corporation announced that it is to acquire a majority interest in Polaris Consulting, a global …
Sri Lankan born economist predicts global recession next year
Nov 06, 2015 (LBO) – Sri Lankan-born economist Howard Nicholas on Thursday warned that the world will have to face a recession by next year. Speaking at the …
Infrastructure: Colombo needs innovation to be globally competitive, says IT Innovator
Nov 05, 2015 (LBO) – Sri Lanka needs innovation to engage Colombo with the rest of the world and to transform legacy assets through the digital medium, an IT …
Infrastructure: No land shortage in Colombo, a transformation underway, says DG UDA
Nov 04, 2015 (LBO) – Sri Lanka’s commercial capital faces a core problem of under-utilization of land and there is no land shortage, the director general …
CB Governor slams CEB, CPC and SriLankan for dragging down state banks
Oct 30, 2015 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran on Thursday slammed inefficient state-owned enterprises as they have created losses …
Sri Lanka seeks to connect tax payers with revenue office online
Oct 30, 2015 (LBO) – Sri Lanka is looking at the possibilities of connecting the island’s revenue collection office with tax payers directly to streamline …