Sri Lanka to add new domestic air service in 2017: Budget
Nov 11, 2016 (LBO) - Sri Lanka will introduce a new domestic airline by March 2017 to increase local connectivity, the Finance minister said. "This airline …
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Sri Lanka targets 4.6-pct budget deficit for 2017: Ravi
Nov 10, 2016 (LBO) – Sri Lanka's government unveiled its budget for 2017 that aimed to cut the budget deficit while increasing spending on education, health …
Sri Lanka to list Mobitel, Hyatt other state enterprises: Budget 2017
Nov 10, 2016 (LBO) - Sri Lanka's Finance Minister Ravi Karunanayake said several state-owned enterprises such as Mobitel, Hyatt, Waters Edge, Grand Oriental …
Sri Lanka to set up sugar fund with ethanol tax and cess: Ravi
Nov 10, 2016 (LBO) – Sri Lanka will set up a special price stabilization fund for sugar cane, and give state land and a 100 percent capital allowance to set …
Sri Lanka economy expected to grow 6.3-pct in 2017: CB
Nov 10, 2016 (LBO) –Sri Lanka’s economic growth is likely to be around 5 to 5.5 percent this year and expected to increase to 6.3 percent in 2017 and to …
Sri Lanka govt to fund Rs635Mn development of BIA
Nov 10, 2016 (LBO) - Sri Lanka's cabinet of ministers have given the go ahead to construct a new immigration hall, electronic mall and an expansion of the …
Sri Lanka govt approves phase 2 of Central Expressway, only single bidders
Nov 09, 2016 (LBO) - Sri Lanka’s cabinet has given the nod to build the second section of Central Expressway which runs from Mirigama to Kurunegala for …
Sri Lanka bans cinnamon imports and re-exports
Nov 09, 2016 (LBO) – Sri Lanka’s cabinet nod has been received to list Cinnamon as a banned commodity to import from other parts of the world. The move …
Interview: Strength of potential partners key to LNG negotiations, says PRDS DG
Nov 08, 2016 (LBO) - The reputation and financial strength of potential partners is key to developing Sri Lanka's LNG infrastructure, according to the head of …
Sri Lanka’s tourism minister highlights red-tape as major challenge
Nov 09, 2016 (LBO) - Sri Lanka’s ambitious plans to develop its tourism sector are being held up by too much bureaucracy, according to the island’s …
Sri Lanka welcomes first KLM flight after nearly 20 years
Nov 08, 2016 (LBO) - KLM Royal Dutch Airlines resumed flights to Sri Lanka on 01 November with a twice-weekly service between Colombo and Amsterdam operated by …
Nestlé Lanka invests Rs500Mn in Sri Lanka’s dairy industry
Nov 08, 2016 (LBO) - Nestlé Lanka, a unit of the Swiss-based food group, announced the opening of a new UHT milk plant in their factory in Kurunegala. online …
VC fund BOV Capital invests in OMAK Technologies
Nov 08, 2016 (LBO) - BOV Capital has led a successful investment round for OMAK Technologies, a fast growing regional restaurant management solutions provider …
Budget 2017 will bring change to Sri Lanka: Ravi K
Nov 08, 2016 (LBO) - Sri Lanka's Budget 2017 will reduce cost of living and strengthen investments, the Finance Minister said. online pharmacy buy diflucan …
Sri Lanka tourist arrivals up 14-pct in October 2016, India, China lead
Nov 07, 2016 (LBO) – Tourist arrivals to Sri Lanka were up by 13.7 percent in October 2016 from a year ago with Indian and Chinese markets growing in double …
Gemfields PLC announces preferred suppliers for supply chain
Nov 07, 2016 (LBO) - Ratnapura Lanka Gemstones, a subsidiary of Gemfields plc, has announced the shortlisting of preferred suppliers following the call for …
Ceylon Chamber concerned over pharma product pricing
Nov 07, 2016 (LBO) - The Ceylon Chamber of Commerce has expressed concerns about fixed prices on medicinal drugs announced by Government Gazette. "Sri Lanka …
India, Sri Lanka hold ministerial talks on fishermen
Nov 07, 2016 (LBO) - India and Sri Lanka have held ministerial level talks to find solutions to fishermen's issues. External Affairs Minister Sushma Swaraj and …
Smart reforms could improve Sri Lanka’s exports: World Bank
Nov 07, 2016 (LBO) - Sri Lanka could grow it exports by encouraging resources to more productive firms through managing urbanization and fostering …
Sri Lanka’s JKH net up 8-pct in September 2016 quarter
Nov 04, 2016 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings group net profits rose 8 percent to 3.8 billion rupees in the September …