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 …
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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 …
Central Bank violated the law on past issuances of treasury bonds: Fin Min-Updated
(Updated with comments from press conference) Feb 27, 2017 (LBO) - Finance Minister Ravi Karunanayake has accused former president Mahinda Rajapaksa and the …
Sri Lankans consume quarter of recommended dairy intake: experts
Feb 27, 2017 (LBO) - Helping local farmers overcome challenges through training will lead to a thriving dairy industry by addressing nutritional gaps and …
Sri Lanka to make govt securities Euroclearable
Feb 23, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to sign a MOU with Euroclear Bank making all existing and future government security …
Sri Lanka to extend credit information service providers
Feb 22, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to gazette and submit the final draft of the Credit Information Service Providers Act to …
Hotel Nippon opens to public after Rs400mn refurbishment
Feb 23, 2017 (LBO) - Sri Lanka's Hotel Nippon has reopened for tourists looking for a more sophisticated level of accommodation with a 400 million rupee …
Sri Lanka to set up special company to fund highway projects
Feb 23, 2017 (LBO) – Sri Lanka’s cabinet has approved establishing a special infrastructure company to seek funding for critical infrastructure projects, …
Sri Lanka’s BPPL Holdings latest entrant to CSE with IPO
Feb 22, 2017 (LBO) - Sri Lanka's BPPL Holdings Limited, (Beira Group), a leading brush manufacturer, will be entering the Colombo Stock Exchange next month …
Sri Lanka’s Nestlé unit net up 34-pct in December quarter
Feb 22, 2017 (LBO) – Profits at Nestlé Lanka, a unit of a Swiss-based food group, rose 34 percent to 860 million rupees in the December 2016 quarter from a …
Sri Lanka to modernize procurement with electronic system
Feb 21, 2017 (LBO) - Sri Lanka will be making its public procurement more efficient and transparent with the introduction of an electronic system, the minister …
Sri Lanka rated ‘Mostly Unfree’ in new report: Heritage Foundation
Feb 21, 2017 (LBO) - Sri Lanka slipped to be rated as a ‘Mostly Unfree’ country this year in the Index of Economic Freedom, with the lack of government …
Sri Lanka’s public sector expanded 39-pct during past decade
Feb 21, 2017 (LBO) – Sri Lanka’s public sector, excluding the semi government sector and three forces, expanded 39 percent in the last ten years, a census …
Sri Lanka may stop hydro power generation by end April
Feb 20, 2017 (LBO) – Sri Lanka will have to stop hydro power generation by the end of April if the prevailing dry weather condition continues, the power …