Sri Lanka to build 100,000 bpd refinery with India
NEW DELHI, Oct 6 (Reuters) - Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, …
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Central Bank, immigration office to tackle money laundering
Oct 06, 2016 (LBO) – Sri Lanka’s Central Bank has joined with the immigration office to receive information in order to facilitate investigations and …
Colombo Fort pavement hawkers to be relocated to new building
Oct 06, 2016 (LBO) – The Megapolis Ministry has received cabinet approval to relocate pavement hawkers and shops in the Colombo Fort area. It was proposed to …
Coal carrier Ceylon Princess arrives in Sri Lanka
Oct 06, 2016 (LBO) - Sri Lanka’s Ceylon Shipping Corporation (CSC) has taken delivery of its second newly built bulk carrier for the transportation of coal …
SriLankan Airlines says loss reduced, six A320s on the way
Oct 05, 2016 (LBO) - SriLankan Airlines said in the financial year ending 31st March 2016, the airline recorded a reduced loss of 9.03 billion rupees, which …
SriLankan Airlines adds new routes Jakarta, Gan Island
Oct 05, 2016 (LBO) - SriLankan airlines said in a bid to boost regional routes and higher profits it will add Jakarta in Indonesia and Gan Island in Maldives …
Sri Lanka tourist arrivals grow 3.6 pct in September
Oct 05, 2016 (LBO) – Tourist arrivals to Sri Lanka rose 3.6 percent in September to 148,499 visitors compared with the same month last year, official data …
Sri Lanka’s growth will be below average for South Asia: World Bank
Oct 05, 2016 (LBO) - Sri Lanka’s growth will be below average for South Asia which the World Bank expects to grow by 7. buy lariam online …
UNDP signs Rs20 mln biogas agreement with Kaduwela MC
Oct 04, 2016 (LBO) - The United Nation Development Programme (UNDP) entered into its first government co-financed project with the Kaduwela Municipal Council …
SriLankan Airlines cancels Airbus deal with USD98 mln penalty
Oct 04, 2016 (LBO) - An order for four A350 aircraft that SriLankan Airlines was to take delivery of in 2016-2017 would be cancelled, the Finance Minister said …
Sri Lanka’s Global Competitiveness rank reflects exports, govt weakness: WEF report
Oct 04, 2016 (LBO) - Sri Lanka fell three notches to 71st in terms of the Global Competitiveness Index for 2016-2017 compiled by the World Economic Forum, with …
Sri Lanka’s CEB proposes tariff increase or subsidy to cover revenue gap
Oct 03, 2016 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has proposed that the power regulator approves a uniform tariff or a subsidy through …
Himalaya launches direct flights between Kathmandu – Colombo
Oct 03, 2016 (LBO) – Himalaya Airlines, a Nepal-China Joint Venture Airline, has conducted its maiden commercial flight from Kathmandu to Colombo on 1st …
Nepal regrets SAARC postponement due to Indo-Pak tensions
Oct 03, 2016 (LBO) - Nepal, the current chair of SAARC, has expressed regret that the regional environment is not conducive to host the 19th SAARC Summit in …
Sri Lanka adds more taxes for smokers
Sep 30, 2016 (LBO) - Sri Lanka's Cabinet has approved a 15 percent Value Added Tax (VAT) and 5.buy doxycycline online buy doxycycline online no prescription 00 …
Infrastructure: Sri Lanka’s ministries should be aligned to be more effective
Sep 30, 2016 (LBO) – Sri Lanka's budget allocations for national road development are high, but it needs to be attuned to needs, and ministries should be …
Sri Lanka can meet 5.4-pct budget deficit target for 2016: Ravi
Sep 30, 2016 (LBO) - Finance Minister Ravi Karunanayake said Sri Lanka is well on its way to achieving the fiscal target for 2016 as the Value Added Tax …
Sri Lanka’s Central Bank allows foreign investors full control: CIFL
Sep 29, 2016 (LBO) – Sri Lanka’s troubled Central Investment and Finance Company says the Monetary Board has assured that investors would get 100 percent …
Sri Lanka lube market grows 6.8-pct in 2015: report
Sep 29, 2016 (LBO) - Sri Lanka's lubricant market has grown by 6.8 percent to 23.4 billion rupees in 2015, with 10.1 percent growth in automotive and 7.7 …
One in four Sri Lankan households own a computer: survey
Sep 29, 2016 (LBO) - At least one computer is available in 24 percent of households in Sri Lanka, in urban as well as rural areas, the Department of Census and …