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 …
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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, …
Hayleys unveils Sri Lanka’s largest capacity solar power plant in Welikande
Jan 16, 2016 (LBO) - Hayleys Group PLC, together with Windforce Pvt Ltd, have commissioned their 10 megawatt solar power plant. Located in Welikande in the …
Sri Lanka prepared for power crisis in 2017: Minister
Jan 16, 2017 (LBO) - Sri Lanka's power minister says that steps have been taken to face the hydro power generation loss due to the record drought in 2016. …
Sri Lanka taking steps to deal with troubled past: Foreign Minister
Jan 16, 2016 (LBO) - Sri Lanka will deal with her troubled past honestly and truthfully, Foreign Minister Managala Samaraweera said, speaking at the Chatham …
Sri Lanka ratifies the ILO Maritime Labour Convention
Jan 16, 2016 (LBO) - Sri Lanka recently deposited the instrument of ratification with the International Labour Office (ILO) of the Maritime Labour Convention, …
Sri Lanka’s Treasury to establish separate unit for PPP projects
Jan 13, 2017 (LBO) – Sri Lanka is to setup a separate division for Public Private Partnerships (PPP) under the Treasury with experts in the field to support …
Foreign investors for over USD300,000 to get resident visas in Sri Lanka
Jan 13, 2017 (LBO) - Sri Lanka's Finance Minister said that foreigners who make a minimum investment of 300,000 US dollars will see a range of benefits …
Australia to boost Sri Lanka tourism skills with Rs1.6 bln
Jan 13, 2017 (LBO) - The Australian government will provide 1.6 billion rupees in aid and technical assistance, over four years, to strengthen Sri Lanka’s …