Sri Lanka army seeks USD50mn loan from Russia for Mali operations
Jan 26, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to obtain a 50 million US dollar loan from a Russian bank to purchase military equipment …
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Sri Lanka’s 2016 tea production, exports down, revenue up
Jan 26, 2017 (LBO) - Sri Lanka's tea exports for 2016 totaled 288.7M/kgs compared with 306.9M/kgs during 2015 showing, a decrease of 18.2M/kgs, a tea market …
Experts from Facebook, Google coming to Sri Lanka for summit
Jan 25, 2017 (LBO) – Sri Lanka is planning to hold a digital summit in March this year to boost the country's global digital presence. It is expected that …
Sri Lanka’s Auditor General acted unprofessionally: Finance Minister
Jan 25, 2017 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake today accused the Auditor General of releasing a confidential report to COPE without …
Sri Lanka to expedite grid connections for roof top solar: PUCSL
Jan 25, 2017 (LBO) - Sri Lanka's power regulator has directed the Ceylon Electricity Board (CEB) and Lanka Electricity Company Private Limited (LECO) to …
Watch the West, Reach Out To The East: Stan Chart Economist
Jan 24, 2017 (LBO) - Sri Lanka should keep a keen eye on the developments in the West, the traditional export markets, but should reach out to the East for …
JVP calls Speaker to take over controversial bond investigations
Jan 24, 2017 (LBO) – Sri Lanka’s Marxist JVP today demanded that Speaker Karu Jayasuriya takes over the future course of action against the controversial …
Technology and know-how essential for development: Hausmann
Jan 24, 2016 (LBO) - The guest lecture in Colombo recently by Prof. Ricardo Hausmann highlighted the importance of technology and know-how in fostering …
IMF commends Sri Lanka on economic progress made so far
Jan 23, 2017 (LBO) - The International Monetary Fund (IMF) has commended the new strategy of Sri Lankan government to create financial discipline and lead the …
Sri Lanka sells USD458mn in fixed and floating rate bonds
Jan 20, 2016 (LBO) - Sri Lanka has sold fixed and floating rate dollar denominated bonds worth US 458 million dollars, a statement said. The Central Bank …
Sri Lankan exporters face critical barriers at own border: Nishan de Mel
Jan 19, 2017 (LBO) – Sri Lankan exporters face some critical problems at the border of their own country than in the borders of other countries, a top …
Sri Lanka president advises officials to brace for impending drought
Jan 19, 2017 (LBO) - Sri Lanka's President Maithripala Sirisena has held a discussion to look into the preparations at ministerial level to provide essential …
New leasing scheme for vehicles comes into effect
Jan 18, 2017 (LBO) - Central Bank of Sri Lanka has advised commercial banks and leasing companies to follow new regulations in granting loans for vehicle …
Sri Lanka signs USD125Mn credit to modernize agriculture
Jan 18, 2017 (LBO) - Sri Lanka has signed a 125 million dollar credit with the World Bank to support and promote commercial and export-oriented agriculture, …
Sri Lanka, Thailand FTA feasibility to conclude by August
Jan 18, 2017 (LBO) - Sri Lanka is looking at purchasing sugar from Thailand, while the feasibility study for the Free Trade Agreement with Thailand is set to …
Power Minister dissolves board of Lanka Coal Company
Jan 18, 2017 (LBO) – Sri Lanka’s Power Minister Ranjith Siyambalapitiya has dissolved the director board of Lanka Coal Company with immediate effect, the …
Prime Minister meets Chinese President at World Economic Summit
Jan 18, 2017 (LBO) - Prime Minister Ranil Wickremesinghe today met Chinese President Xi Jinping on the sidelines of the World Economic Summit to be held in …
APTA countries agree to widening tariff concessions by mid 2017
Jan 17, 2017 (LBO) – Sri Lanka along with other members of Asia Pacific Trade Agreement (APTA) last week agreed to sign the protocol to conclude the 4th …
Coca-Cola eyes Sri Lanka for production facility: Fin Min
Jan 17, 2017 (LBO) - International beverage company Coca-Cola has expressed their interest in setting up a production hub in Sri Lanka, the Finance Ministry …
Sri Lanka’s JKH files patent on energy storage nanomaterial
Jan 16, 2017 (LBO) - Sri Lanka's John Keells Holdings plc filed its first patent jointly with the Council for Scientific and Industrial Research (CSIR) India, …