Sri Lanka in top 10 wedding and honeymoon destinations for 2017
Mar 06, 2017 (LBO) - Kuoni, a luxury tour operator, has named Sri Lanka as one it's top ten honeymoon and weddings abroad destinations, a recently released …
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Sri Lanka tourist arrivals down in Feb 2017 amid airport closure
Mar 06, 2017 (LBO) - Tourist arrivals in Sri Lanka fell 0.1 percent in February 2017 to 197,517, compared with the same month in 2016, the first fall since May …
Ceylon Chamber says policy on drug prices may be appropriate
Mar 06, 2017 (LBO) - The Ceylon Chamber of Commerce says it will conform to the introduction of regulations to control prices of medicinal drugs, after …
JICA kicks off study for Colombo-Malabe elevated LRT
Mar 03, 2017 (LBO) – Sri Lanka office of the Japan International Cooperation Agency (JICA) has commenced the preparatory study for the first elevated Light …
Sri Lanka CB recommends amendments to securities ordinance
Mar 03, 2017 (LBO) – Sri Lanka’s Central Bank said it will be making recommendations to the government on suitable amendments to the Registered Stock and …
CPC to improve refinery efficiency & financial viability by 2019
Mar 03, 2017 (LBO) – Sri Lanka’s state-owned Ceylon Petroleum Corporation has set out several targets to be achieved by 2019 with a view to minimize …
Sri Lanka needs to remarket public transport: official
Mar 03, 2017 (LBO) – Sri Lanka’s public transport needs to be developed and marketed as an attractive technologically savvy mode and an alternative to …
Norwegian Pension Fund doubles its investment in Sri Lanka
Mar 02, 2017 (LBO) - The Norwegian Government Pension Fund Global, which started investing in Sri Lanka in 2015, has more than doubled its investment in Sri …
Sri Lanka’s 2017 fiscal target will be more challenging: Moody’s
Mar 02, 2017 (LBO) – Sri Lanka’s ambitious 2017 fiscal deficit target will be even more challenging to achieve as drought-related government spending will …
Sri Lanka Telecom December quarter loss turns to profit
Mar 02, 2017 (LBO) – Sri Lanka Telecom group, the island's largest fixed line operator, said profits rose to 124 million rupees in the December quarter from …
Govt nod for dedicated Jet A-1 fuel line for BIA
Mar 02, 2017 (LBO) - Sri Lanka will construct a jet A-1 fuel pipeline and tank farm to supply aviation fuel to international and domestic aircraft at the …
Sri Lanka water board sets targets to achieve by 2019
Mar 01, 2017 (LBO) – Sri Lanka’s water board has agreed to undertake several targets in line with IMF and Finance Ministry requirements over implementing …
Sri Lanka govt to call bids for 100MW floating solar power plant
Mar 01, 2017 (LBO) - Sri Lanka's government will call international competitive bids to build a 100 megawatt floating solar power plant in the Maduru Oya …
Sri Lanka to introduce KPIs for SOEs in line with IMF loan
Mar 01, 2017 (LBO) –Sri Lanka will introduce key performance indicators to five state owned enterprises (SOEs) operating in the island for a period of three …
Motor car registrations down 11 percent in January: JB Securities
(Corrects motor car registration figure) Mar 01, 2017 (LBO) - Motor car registrations in Sri Lanka fell 11 percent to 3,101 in January, from 3,487 in December, …
Draft of Sri Lanka truth seeking commission within 2 months: FM to UNHRC
Feb 28, 2017 (LBO) – Sri Lanka’s Foreign Minister expects draft legislation on the truth seeking commission to be presented before the cabinet within the …
Energy regulator seeks public views on Sri Lanka’s long term power plan
Feb 28, 2017 (LBO) – Sri Lanka’s electricity regulator the Public Utilities Commission is seeking public comments on the input data and assumptions of the …
Ceylon Tobacco unit profits up 8-pct in Dec despite volume drop
Feb 28, 2017 (LBO) – Profit after tax at Ceylon Tobacco, a unit of British American Tobacco, rose 8 percent to 2.0 billion rupees in the December quarter, …
Sri Lanka’s Vidullanka to issue shares for Uganda mini-hydro
Feb 28, 2017 (LBO) - Sri Lanka's Vidullanka, a hydro power firm, said it plans to issue new shares to raise 50 million rupees for Timex Garments which would …
C W Mackie expands ’Sunquick’ brand with Danish joint venture
Feb 27, 2017 (LBO) – Sri Lanka’s CW Mackie has entered into a joint venture agreement with their Danish counterpart to expand the ’Sunquick' brand, the …