World’s largest car, truck carrier to call at Hambantota port
Feb 20, 2017 (LBO) - MV Hoegh Tracer, the world’s largest pure car and truck Carrier (PCTC), belonging to Hoegh Autoliners AS, Oslo, is scheduled to call at …
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Sri Lanka-Singapore FTA to be finalised in 2017: Singapore PM
Feb 20, 2017 (LBO) - The Free Trade Agreement (SLSFTA) between Sri Lanka and Singapore will hopefully be finalised this year, Singapore Prime Minister Lee …
Sri Lanka to review public sector cadre, redeploy excess
Feb 17, 2017 (LBO) – Sri Lanka will conduct a cadre review to determine the total cadre requirement of the public sector and provincial councils. The review …
Sri Lanka to forge ahead despite external pressures: Ravi
Feb 17, 2017 (LBO) - Sri Lanka's finances are improving despite global turmoil, Brexit and higher interest rates in the US, backed by a Fitch Ratings outlook …
Sri Lanka’s NITF gets reinsurance cover for agriculture
Feb 17, 2017 (LBO) - Sri Lanka's National Insurance Trust Fund says they have procured a reinsurance program for its agriculture insurance schemes. "This …
Google loon may leave Sri Lanka, corruption accusation baseless: Harin
Feb 16, 2017 (LBO) – Sri Lanka’s controversial Google loon pilot project may be withdrawn from the country as a result of a spectrum issue with the …
With foreign debt servicing of USD4 bil, cabinet approves sovereign bond
Feb 16, 2017 (LBO) – Sri Lanka’s Finance Minister says the island's total domestic and foreign debt service payments for 2017 is estimated to be around …
Indonesia donates 5,000MT of rice to Sri Lanka
Feb 15, 2017 (LBO) The Indonesian government will donate 5,000 metric tonnes of rice to Sri Lanka following a request of President Maithripala Sirisena …
Rice millers call for release of govt stock to maintain price control
Feb 14, 2017 (LBO) - Sri Lanka's Small and Medium Scale Rice Mill Owners’ Association says if they are to sell rice to consumers at a controlled price the …
Sri Lanka puts in place competitive pricing for medium scale solar
Feb 13, 2017 (LBO) - Sri Lanka’s Power Ministry has decided to put in place a competitive pricing mechanism for medium scale solar power generation …
Sri Lanka calls tenders for petroleum development in Mannar Basin
Feb 12, 2017 (LBO) - The Sri Lankan government is inviting expressions of interest for partners to undertake the appraisal and development of gas discoveries …
Ravi upset over Central Bank leaks, media portrayal
Feb 09, 2017 (LBO) - Sri Lanka's Finance Minister has expressed his concern about the leak of information with regard to closed door meetings at the island's …
Fitch affirms Sri Lanka at B+; outlook revised to stable
Feb 09, 2017 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign- and Local Currency Issuer Default Ratings (IDR) at 'B+' and …
Australia’s tourism skills development to start in East
Feb 09, 2017 (LBO) - Under the skills for inclusive growth program Australia will provide around 1.6 billion rupees in aid and technical assistance, to …
Cabinet resolves to increase People’s Bank authorized capital
Feb 09, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to instruct legal draftsman to amend certain sections of People's Bank Act which seeks to …
Sri Lanka COPE reveals Rs110bn loss from 15 public institutions
Feb 08, 2017 (LBO) – Sri Lanka’s Parliamentary Committee on Public Enterprises today presented its third interim report to the Parliament. The interim …
Sri Lanka’s external situation manageable, but more FDI needed: Governor
Feb 08, 2017 (LBO) - Sri Lanka's external debt situation is manageable. However, the current challenge is to increase inflows from exports and FDI, Central …
SAITM says ready to forge ahead amid protests
Feb 08, 2017 (LBO) - South Asian Institute of Technology and Medicine (SAITM) says they are ready for the rough road ahead and will push ahead despite …
Sri Lanka plans to generate electricity from tidal power
Feb 07, 2017 (LBO) – Sri Lanka plans a new project with Finnish assistance to generate electricity from tidal power, the power ministry said. Following a …
Sri Lanka committee finalizing report on Muslim Marriage and Divorce Act
Feb 07, 2017 (LBO) - A committee appointed by Sri Lanka's former Minister of Justice and Law Reform Milinda Moragoda to consider and recommend amendments to …