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 …
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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 …
Sri Lanka’s HNB to halve carbon footprint by 2020 with renewable energy
Mar 15, 2017 (LBO) – Sri Lanka's Hatton National Bank plans to reduce its carbon footprint by half by 2020 through the generation of energy for …
Germany’s TUI to develop hospitality training in Sri Lanka
Mar 14, 2017 (LBO) - Germany's TUI Group, a leading tour operator, said it would be expanding operations in Sri Lanka to assist in developing hospitality …
Ceylon Chamber looks forward to engaging on Inland Revenue bill
Mar 13, 2017 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce says they are looking forward to engaging with authorities on suggestions and recommendations …
Sri Lanka labour force 8.4 mn in 3Q with 36.5-pct female
Mar 13, 2017 (LBO) – Sri Lanka’s labour force for the third quarter 2016 is estimated to be 8.4 million with 36.5 percent females contributing to the …
Sri Lanka foreign reserves up by USD165mn in February
Mar 10, 2017 (LBO) – Sri Lanka’s official reserves rose 165 million US dollars to 5.62 billion dollars in February, up from 5.45 billion dollars at the end …
Sri Lanka’s CSE approves RIL Property’s Rs960mn IPO
Mar 10, 2017 (LBO) - RIL Property Limited (RIL), a developer, owner and operator of commercial office space in Colombo has received an in-principle approval …
Sri Lanka to test Bus Priority System in Rajagiriya: Min
Mar 10, 2017 (LBO) - Sri Lanka Megapolis Ministry will test launch a new bus priority system from Rajagiriya to promote better use of public transport in an …
Sri Lanka Port Authority records Rs11bn in profits for 2016
Mar 10, 2017 (LBO) - The Sri Lanka Ports Authority made profits of 11 billion rupees in 2016 while recording a revenue of 44 billion rupees, the Ports Ministry …
PM reveals progress of Presidential Commission of Inquiry
Mar 09, 2017 (LBO) – Sri Lanka’s Presidential Commission of Inquiry has carried out in-depth investigations into 400 complaints to date and investigations …
COPE should inquire transactions of Templeton fund in Sri Lanka: Harsha
Mar 09, 2017 (LBO) – Sri Lanka’s Committee On Public Enterprises (COPE) should investigate the transactions carried out between the US-based Franklin …
Possible SriLankan, TPG deal may take over six months: Eran
Mar 08, 2017 (LBO) – SriLankan Airlines restructuring plan with the shortlisted private equity fund TPG may take over six months to arrive at a possible …
New Zealand keen to broaden investment in Sri Lanka
Mar 08, 2017 (LBO) - The Government of New Zealand expects to broaden existing investment in Sri Lanka and is ready to assist in economic development …