PUCSL discusses environmental concerns with Norochcholai communities
Apr 28, 2017 (LBO) - Sri Lanka's power regulator said that discussions are ongoing with communities that have raised concerns over the environmental impact of …
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EU Parliament rejects motion to deny GSP+ for Sri Lanka
Apr 27, 2017 (LBO) – Sri Lanka won the vote in Brussels by 436 against and 119 in favor for the motion to deny GSP plus for Sri Lanka. A group of EU …
Next IMF tranche by June, reserves comfortable by year end: Ravi
Apr 27, 2017 (LBO) - Sri Lanka's Finance Minister said he was optimistic about talks on reaching a staff level agreement with the International Monetary Fund …
China Heavy Machinery Corp to carry out water, sewerage feasiblity
Apr 27, 2017 (LBO) – China Heavy Machinery Corporation is to carry out a feasibility study to identify and implement a reliable water and sewerage sector …
Sri Lanka to extend Priority Bus Lanes to reduce congestion
Apr 27, 2017 (LBO) – Sri Lanka’s Megapolis Ministry has decided to expand the Priority Bus Lane concept to reduce traffic congestion in Colombo. Allocation …
Higher growth for Sri Lanka will depend on addressing structural issues: CB
Apr 27, 2017 (LBO) - Sri Lanka's economic performance in 2016 reconfirmed the necessity of addressing deep rooted structural issues, in order to enable the …
Sri Lanka, India sign MOU to cooperate on economic projects
Apr 27, 2017 (LBO) – Sri Lanka and India signed an MoU on economic co-operation in the presence of Prime Minister Narendra Modi and Sri Lankan counterpart …
Sri Lanka govt wants Sarath Fonseka as defense chief
Apr 26, 2017 (LBO) – Sri Lanka’s national government has offered ex-Army chief Sarath Fonseka the task of upholding discipline in the country by taking a …
Sri Lanka to double Development Bond limit to raise liquidity
Apr 26, 2017 (LBO) – Sri Lanka’s Finance Ministry is to increase the limit of issuing Sri Lanka Development Bonds (SLDBs) from 1,500 million US dollars to …
Sri Lanka seeks to carve out niche in medical tourism: OBG
Apr 25, 2017 (LBO) - Rising numbers of tourists from abroad and a state-led campaign to expand medical tourism could attract further investment to Sri …
Petroleum union negotiations successful, strike called off
Apr 25, 2017 (LBO) - The Ceylon Petroleum Corporation (CPC) unions called off their strike late on Monday following successful discussions with Sri Lanka's …
Sri Lanka stocks get Rs14.3 bln foreign inflow, ASPI +4.9 pct in 2017
Apr 24, 2017 (LBO) - The Colombo Stock Exchange (CSE) in recent weeks has seen interest among foreign institutional investors, with the ASPI rallying 4.9 …
Fairway Waste Management says processing facility on schedule
Apr 24, 2017 (LBO) - Fairway Waste Management said its solid waste processing facility, being built in Colombo, was an important step taken recently to tackle …
Four new papers on Sri Lanka’s constitutional reform published: CPA
Apr 21, 2017 (LBO) - Sri Lankan policy think tank Centre for Policy Alternatives (CPA) said four working papers on constitutional reform have been published …
Sri Lanka President expects foreign reserves to improve in coming months
Apr 20, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena says country’s foreign reserves have already exceeded five billion US dollars and is …
Sri Lanka to formulate standards for adventure sports
Apr 20, 2017 (LBO) – Sri Lanka plans to formulate national standards in line with international norms for all adventure activities, the National Policy and …
Capital Developers deploy five piling machines for twin tower project
Apr 20, 2017 (LBO) - Property developer Capitol Developers has deployed five piling machines to accelerate construction of Capitol Twin Peaks, the …
Sri Lanka foreign reserves fall to 7-year low in March
Apr 19, 2017 (LBO) – Sri Lanka’s external reserves have fallen to a 6.9 year low after country's reserves dropped almost 9 percent to 5.12 billion US …
Sri Lanka’s economy projected to grow 4.7 pct in 2017: World Bank
Apr 19, 2017 (LBO) - Recent policy reforms including monetary tightening and revenue-led fiscal consolidation have improved Sri Lanka's outlook, The World …
Sri Lanka’s rising fertility rate has serious implications, say experts
Apr 19, 2017 (LBO) - Sri Lanka's rising fertility rate has serious implications for the island that are not being adequately discussed, experts say. Sri Lanka …