Sri Lanka’s quality mall space shortage to continue: JLL
June 16, 2017 (LBO) - As Sri Lanka's tourist arrivals rise and the local consumer becomes more brand conscious along with demand for better quality goods and …
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Sri Lanka economy grew 3.8-pct in first quarter of 2017
June 15, 2017 (LBO) – Sri Lanka’s statistics office says economic growth rate for the first quarter of 2017 has been estimated as 3. buy ciprodex online …
Srilankan Airlines says media misguided, losses dramatically reduced
June 15, 2017 (LBO) - Srilankan Airlines said on Thursday that media was misguided when reporting losses and the airline had dramatically reduced the annual …
Commercial Bank leads Sri Lanka’s SME financing in 2016
June 15, 2017 (LBO) – Sri Lanka’s SME sector has been injected with 719 billion rupees by both state and private sector banks in 2016, with Commercial Bank …
Sri Lanka poised for growth across all real estate asset classes: JLL
June 15, 2017 (LBO) - Sri Lanka is poised for growth across all real estate asset classes on the back of increased private sector participation in …
Cyberattack on Ukraine’s power grid may be replicated elsewhere
June 15, 2017 (LBO) - Cybersecurity researchers say the 2016 attack on Ukraine’s power grid that deprived part of its capital Kiev of power was caused by a …
Sri Lanka to regulate real estate valuation professionals
June 14, 2017 (LBO) – Sri Lanka is looking at incorporating the Institute of Real Estate and Valuation through an Act of Parliament in order to regulate the …
Cabinet directs Police to take action against anti-religious violence
June 14, 2017 (LBO) – Sri Lanka’s cabinet of ministers has directed law enforcement authorities and the Attorney General to take immediate action against …
Sri Lanka’s Finance Minister denies MR’s charges, GSP+ certain for 4 yrs
June 14, 2017 (LBO) – Sri Lanka’s Finance Minister says even if Sri Lanka was to reach the GSP+ threshold tomorrow, the country would still have access to …
US rate hike expected to hit borrowers, eyes on equities
June 14, 2017 (LBO) - The U.S. is expected to hike rates by 25 basis points Wednesday which will have ramifications for millions of borrowers who will find it …
SriLankan Airlines adds three Indian cities to route network
Jun 13, 2017 (LBO) - SriLankan Airlines will further strengthen its presence in India with the launch of services to three more cities – Hyderabad, …
Super luxury Majestic Princess calls at Colombo port
Press Release: M.V. Majestic Princess the newest sister ship to Royal Princess and Regal Princess made her maiden call at the Port of Colombo today (12th June …
Sugathadasa Complex to cut Rs2.5mn bill with new solar system
June 12, 2017 (LBO) – Sri Lanka’s foremost institute for the development of sports, the Sugathadasa National Sports Complex Authority, is to install a new …
Sri Lanka police arrest five over religious violence
June 12, 2017 (LBO) - Sri Lanka police have arrested five people including a member of a hardline Buddhist organization for instigating religious violence …
Former Sri Lankan president warns don’t be misled by GSP+ benefits
June 12, 2017 (LBO) - Sri Lanka's former president Mahinda Rajapaksa says fulfilling the conditions to qualify for GSP+ could cause permanent damage to a …
Sri Lanka Treasury issues Rs825bn guarantees in 2016
June 09, 2017 (LBO) – The Treasury Operations Department has issued treasury guarantees and sovereign guarantees of 824.73 billion rupees at the end of the …
Sri Lanka has been living beyond its means: Governor
June 09, 2017 (LBO) - Sri Lanka has been living beyond its means, with recurrent expenditure higher than revenue, Governor of Central Bank Indrajit …
Sri Lankan banks likely to come under capital pressure from Basel III: Fitch
Jun 07, 2017 (LBO) - Sri Lankan banks are likely to come under increased capital pressure from Basel III-related requirements, Fitch Ratings said in a …
Sri Lanka seeks more air connectivity with Gulf region
June 07, 2017 (LBO) – Sri Lanka wants to improve its air connectivity with Gulf countries in order to mitigate the effects of the break off of air …
Sri Lanka cabinet approves Rs5bn capital infusion to People’s Bank
June 07, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to infuse 5 billion rupees to state-owned People's Bank in order to comply with new …