Sri Lanka to build two luxury hotels at Katunayake Airport
Mar 30, 2017 (LBO) – Sri Lanka’s cabinet is expected to approve a proposal to lease out two blocks of land at the Katunayake International Airport to build …
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Sri Lanka to set up Public Enterprises Board for managing SOEs
Mar 30, 2017 (LBO) - The Sri Lankan government is in the process of setting up a Public Enterprises Board to manage loss-making state-owned enterprises (SOEs), …
SriLankan still looking for takers in restructuring: Hashim
Mar 29, 2017 (LBO) - Sri Lanka's Minister of Public Enterprise Development Kabir Hashim says that although TPG is a preliminary bidder for the restructuring …
Sri Lanka’s high end commercial property to narrow the gap with demand: RIU
Mar 29, 2017 (LBO) - Sri Lanka's Research Intelligence Unit (RIU), a real-estate advisory firm, says Grade A commercial property developments over the next …
Economic policies of government falling far short, says JO’s Balasuriya
Mar 29, 2017 (LBO) - Economic policies of the present Sri Lankan government are falling far short of expectations, driven by lack of confidence in the finance …
Laugfs Terminals seeks USD42.6Mn funding from People’s Bank
Mar 29, 2017 (LBO) - Sri Lanka’s Laugfs Terminals Limited will borrow 42. buy champix online …
Sri Lanka Visa payments grew 22-pct in 2016
Mar 28, 2017 (LBO) – Sri Lankan market has showed 22 percent growth in Visa payment volumes last year, according to VisaNet Data, along with a 61 percent …
European Investment Bank to explore future investment in Sri Lanka
Mar 28, 2017 (LBO) - A delegation from the European Investment Bank will make a three-day visit to Sri Lanka later this week to discuss recent engagement and …
R3 invites Sri Lanka’s Central Bank to join blockchain initiative
Mar 28, 2017 (LBO) – Financial innovation firm R3 has invited Sri Lanka’s Central Bank to join their collaborative initiative to design a distributed …
CB to start disciplinary action on EPF investments in securities
Mar 28, 2017 (LBO) – The Monetary Board of the Central Bank has decided to commence disciplinary proceedings against any officials of the central bank where …
Sri Lanka drafting new immigrants and emigrants law
Mar 27, 2017 (LBO) – Sri Lanka is drafting a new immigrants and emigrants law to comply with developments in the international environment and the island’s …
VirtusaPolaris continues investment in “Future Architects” program
Mar 27, 2017 (LBO) - VirtusaPolaris, a worldwide provider of information technology consulting and outsourcing, said it recently inducted a second batch of …
Harsha appreciates support for adoption of HR Resolution
Mar 24, 2017 (LBO) - Sri Lanka's deputy minister of foreign affairs has expressed his appreciation to members of the Human Rights Council and observer states …
Sri Lanka hikes policy rates by 25 bp to curb inflationary pressure
Mar 24, 2017 (LBO) - Sri Lanka's central bank tightened monetary policy on Friday, hiking policy rates by 25 basis points to curb inflationary expectations and …
Sri Lanka ministries pay Rs150mn for rented premises every month
Mar 23, 2017 (LBO) – Sri Lanka’s Parliament was informed Thursday that the government paid around 150 million rupees as monthly rent for buildings occupied …
Loans for domestic solar panels extended to all consumers
Mar 23, 2017 (LBO) – Sri Lanka’s power ministry will extend the loan scheme for the installation of domestic solar panels to all electricity consumers in …
Sri Lanka’s new revenue act to include capital gains policy
Mar 23, 2017 (LBO) – Sri Lanka’s proposed Inland Revenue Act is to be drafted in conformity with the announced policy design of capital gains tax, the …
Sri Lanka’s foreign exchange law to remove criminal offences
Mar 23, 2017 (LBO) – Sri Lanka’s proposed Foreign Exchange Bill is to move away from criminal offences which are considered too harsh. buy valtrex online …
Sri Lanka govt approves Securities Exchange Commission bill
Mar 23, 2017 (LBO) - Sri Lanka's government will replace the Securities and Exchange Commission Act No. online pharmacy buy spiriva inhaler with best prices …
China may divest 20-pct of Hambantota port JV within 10 yrs
Mar 22, 2017 (LBO) – China Merchant Port Holdings may divest 20 percent of the initial shareholding of the proposed Hambantota port joint venture within 10 …