Lubricant players concerned over duty hike on synthetic lubricants
Mar 22, 2017 (LBO) – Sri Lanka’s lubricant suppliers are starting to pass the tax imposed on synthetic lubricants to end users, the Ceylon Motor Traders …
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New Sri Lanka securities law to give finance minister more flexibility
Mar 21, 2017 (LBO) – The Sri Lankan premier has asked for a new securities law which gives the finance minister flexibility to raise a lower or higher amount …
Sri Lanka investor forum garners interest in Australia
Mar 21, 2017 (LBO) - The Invest Sri Lanka Investor Forum hosted in Sydney by the Colombo Stock Exchange and Securities and Exchange Commission drew over 150 …
Lanka Sathosa to open 50 branches next week
Mar 21, 2017 (LBO) - Sri Lanka’s state-owned retail network Sathosa will open 50 branches next week while targeting 500 branches by end of 2017 and then …
President Sirisena to undertake official visit to Russian Federation
Mar 21, 2017 (LBO) - President Maithripala Sirisena will undertake an official visit to the Russian Federation on 22-24 March 2017 at the invitation of …
Stakeholders identify 15 tourism priorities in Sri Lanka
Mar 20, 2017 (LBO) - Key public and private sector tourism stakeholders in Sri Lanka have identified 15 priority projects to boost and sustain tourism growth …
Fairfax consolidates Sri Lanka insurance operations
Mar 20, 2017 (LBO) – Fairfax Financial Holdings Limited (Fairfax) announced that it has successfully completed the amalgamation of Fairfirst Insurance …
Sri Lanka SEC releases its Capital Market Strategy 2020
Mar 20, 2017 (LBO) - The Securities and Exchange Commission of Sri Lanka (SEC) has released its ‘Capital Market Strategy 2020,’ a transformative plan for …
LOLC acquires majority stake in Cambodian microfinance firm
Mar 17, 2017 (LBO) – LOLC Group has acquired 48 percent stake in a micro finance company in Cambodia for 186 million US dollars through LOLC International …
Sri Lanka BIA runway renovation ahead of schedule
Mar 17, 2017 (LBO) - Sri Lanka's renovation of the Bandaranaike International Airport (BIA) runway is expected to be completed ahead of schedule, the minister …
US invites countries to co-sponsor UNHRC resolution on Sri Lanka
Mar 16, 2017 (LBO) – United States State Department says it is pleased that Sri Lanka has agreed once again to co-sponsor a UNHRC resolution and applauds the …
Sri Lanka to raise USD 1Bn by listing SOEs: Finance Minister
Mar 16, 2017 (LBO) - Sri Lanka's government plans to raise one billion US dollars by listing non-strategic enterprises on the capital market this year, Finance …
Sri Lanka CSE woos investors from Australia and New Zealand
Mar 16, 2017 (LBO) - The Colombo Stock Exchange (CSE) will host a series of ‘Invest Sri Lanka’ Forums in Australia and New Zealand promoting capital market …
Microimage opens R&D Centre in Jaffna, plans to draw new talent
Mar 16, 2017 (LBO) - Microimage, one of Sri Lanka's top enterprise software solution companies, has opened a research and development center in Jaffna. "This …
Sri Lanka to purchase petrol, diesel through long-term contracts
Mar 16, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to purchase petrol and diesel through long-term contracts for a period of eight months …
Sri Lanka wants Rs100mn Biotechnology Park in Homagama
Mar 16, 2017 (LBO) – Sri Lanka’s cabinet has agreed to establish the Biotechnology Innovation Park in the Nanotechnology Park in Pitipana, Homagama as a …
Sri Lanka’s GDP grows 4.4-pct in 2016, dips on agriculture
Mar 16, 2017 (LBO) - Sri Lanka’s Gross Domestic Product grew 4.4 percent in 2016, down from 4.8 percent a year earlier, with drought and floods leading to …
Sri Lanka’s Vidullanka to commission Uganda hydropower plant
Mar 15, 2017 (LBO) - Sri Lanka’s Vidullanka, a hydro power firm, will commission the completed 6.5MW mini hydro power plant in Uganda next week. buy lasix …
Sri Lanka to sign statements of corporate intent with key SOEs
Mar 15, 2017 (LBO) - Sri Lanka's government will sign Statements of Corporate Intent (SCIs) with five state-owned enterprises: Ceylon Electricity Board, Ceylon …
Sri Lanka sells USD973mn in dollar denominated bonds
Mar 15, 2017 (LBO) - Sri Lanka's government has sold 973.25 million dollars worth of bonds in one-, two-, three- and five-year periods with the majority …