EOIs called for geophysical surveys off Mannar, Cauvery Sri Lanka
May 23, 2016 (LBO) - Sri Lanka has called for expressions of interest from geophysical exploration companies to conduct gravity, gradiometry and magnetic …
Economy & Markets
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Twilight of the Petrostate and the rise of alternatives
May 23, 2016 (LBO) - Russian billionaire Petr Aven and two Moscow economists have published an article titled the "Twilight of the Petrostate" warning of …
Sri Lanka holds rates unchanged after policy meeting
May 20, 2016 (LBO) – Sri Lanka’s monetary board held interest rates unchanged after a monthly policy meeting taking into account among other things the …
Ravi K says Japan agrees USD2.5bn development loan to Sri Lanka
May 19, 2016 (LBO) – Finance Minister Ravi Karunanayake told Parliament Thursday that Japan has agreed to provide about 2.azithromycin 5 billion US dollars …
Sri Lanka could issue Islamic finance sovereign bonds: official
May 18, 2016 (LBO) – Sri Lanka could issue Islamic finance sovereign bonds or 'Sukuks' and take the lead in becoming a regional centre for Islamic financial …
Janashakthi Insurance PLC reports consolidated Profit After Tax (PAT) of Rs.358 mn for March 2016
Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit After Tax (PAT) of Rs.358 million for the quarter ended 31st March 2016, a marked Year …
Citizens Development Bank announces Rs1bn debenture issue
May 18, 2016 (LBO) – Sri Lanka’s Citizens Development Business Finance PLC (CDB), a licensed finance company, said it will issue one billion rupees in …
CA Sri Lanka to teach Forensic Accounting to combat fraud
May 18, 2016 (LBO) - Sri Lanka's Institute of Chartered Accountants has launched a course in Forensic Accounting to help combat fraud in the country, a …
Upper limit for Sri Lanka bank leasing to be imposed: Finance Minister
May 18, 2016 (LBO) - Several changes to Sri Lanka's financial services will be enacted soon such as leasing services offered by banks, Finance Minister Ravi …
Sri Lanka’s Hayleys to raise Rs2bn in listed debt
May 17, 2016 (LBO) – Diversified Hayleys Plc is planning to raise as much as 2 billion rupees from a sale of debentures which will be quoted on the Colombo …
Sri Lanka moving ahead with Panama Papers probe, says minister
May 17, 2016 (LBO) – Sri Lanka's government is following up on the Panama Papers leaks and has requested for an official list from authorities in Panama, …
Equity crowdfunding soon for average investors in US
May 13, 2016 (LBO) - This month the U.buy flexeril online buy flexeril online no prescription S. Securities and Exchange Commission will begin implementing …
EU discusses Sri Lanka’s GSP+ application
May 12, 2016 (LBO) - Sri Lanka’s government and the EU said the island’s GSP application was discussed at the EU-Sri Lanka Working Group on Trade and …
Advance Business Partner led ICT Gateway to link SL ICT firms with Norwegian counterparts – CCC
Under the Ceylon Chamber of Commerce and Advance Business Partner AS of Norway led Sri Lanka – Norway Matchmaking program, Sri Lankan ICT firms now have …
China to help upgrade Sri Lankan hospitals, Japanese assistance for coast guard
May 12, 2016 (LBO) – Sri Lanka’s Cabinet has approved to use funds granted China amounting 85 million US dollars to develop the healthcare sector. online …
Sri Lankan rupee edges down on importer dollar demand
COLOMBO, May 11 (Reuters) - The Sri Lankan rupee was marginally weaker in early trade on Wednesday on importer dollar demand, but its decline was limited as …