Shangri-La opens 145-acre resort in Hambantota Sri Lanka
June 01, 2016 (LBO) - Shangri-La opened its 145-acre Hambantota Resort & Spa in the Southeast Sri Lanka on Wednesday, one of the major hotel chains to …
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SL Funds: Equity Unit Trusts now outperform market, says Guardian Acuity
May 27, 2016 (LBO) - There's good news in fund management. Most of the professionally managed funds that invest in the Colombo market tend to outperform the …
Sri Lanka’s Islamic Finance sector growing, lacks skilled staff: report
May 26, 2016 (LBO) – Sri Lanka’s Islamic Finance sector continues to grow steadily but lacks staff that are qualified and have technical knowledge, the …
Sri Lanka’s promised reforms, repeal of PTA delayed: Int. Crisis Group
May 25, 2016 (LBO) - Sri Lanka's reform agenda has slowed and the Tamil minority is beginning to doubt the government's ability to fulfill pledges made, the …
Upper limit for Sri Lanka bank leasing to be imposed: Finance Minister
May 18, 2016 (LBO) - Several changes to Sri Lanka's financial services will be enacted soon such as leasing services offered by banks, Finance Minister Ravi …
Crisis-hit Venezuela near collapse, says new oil deal with China
May 17, 2016 (LBO) - Venezuela says it has reached a deal with China to improve loan terms as falling oil prices have driven the oil-exporting country into …
Joint Opposition MP imports first tax-free vehicle for this year
May 11, 2016 (LBO) – A Parliamentarian aligned with the joint opposition has imported a brand new Range Rover under the tax-free vehicle scheme of the …
OTT services, threat to Sri Lankan Telco revenues and state taxes: Dialog Chief
May 10, 2016 (LBO) – Sri Lanka’s telco industry may face a threat of increasing severity arising from revenue erosion due to the impact of Over the Top …
Panama Papers goes online with Sri Lankan companies on list-Updated
May 09, 2016 (LBO) - The International Consortium of Investigative Journalists on Monday released a searchable database of more than 200,000 offshore entities …
KLM to resume flights to Sri Lanka after nearly 20 years
May 09, 2016 (LBO) - KLM Royal Dutch Airlines says it will resume flights to Sri Lanka from October after almost 20 years of staying away due to the conflict …
Amazon climbing, we’ve crossed rubicon in climate change: Chamath Palihapitiya
May 09, 2016 (LBO) - Chamath Palihapitya, the Sri Lankan-born venture capitalist and tech visionary, highlighted several industry trends recently, ranging from …
Structures of a nation at war still in place, say UN Rapporteurs
May 09, 2016 (LBO) - Sri Lanka needs to remove many of its war time practices that are still in place that limit freedoms and rights of the populace, a United …
Sri Lanka wants LNG-driven power, to shift away from coal: Govt official
May 06, 2016 (LBO) - Sri Lanka wants more power generation from Liquefied Natural Gas (LNG), because natural gas is attractively priced in international …
Sri Lanka seeks FTAs with Singapore, Malayasia and Turkey
May 06, 2016 (LBO) – Sri Lanka is exploring free trade agreements with Singapore, Malaysia and Turkey, a minister said. online pharmacy buy diflucan with …
Sri Lanka’s high credit growth to private sector plateauing: Governor
May 05, 2016 (LBO) - Credit growth to Sri Lanka's private sector by commercial banks is a key variable followed in determining monetary policy. This number has …
Sri Lanka’s foreign debt servicing rises steadily
May 01, 2016 (LBO) - The amount Sri Lanka has spent on external debt repayment and interest has more than doubled over the last five years, Central Bank data …
No reason to keep exporter’s money abroad: Central Banker
Apr 28, 2016 (LBO) – Sri Lankan exporters do not have a clear reason to keep their money abroad as the Central Bank has already removed restrictions on …
Trade agreements could propel Sri Lanka’s apparel: World Bank
Apr 27, 2016 (LBO) – Sri Lanka could enter into more trade agreements to help diversify export destinations for existing apparel products, a new World Bank …
Sri Lanka budget deficit climbs, economy at USD82.3 billion
Highlights from press conference: - Budget deficit climbs to 7.4% in 2015 vs 5.7% in 2014 - Economy valued at $82.3 billion - Balance of payments deficit at …
Sri Lanka Lotus Tower land deed still not cleared
Apr 26, 2016 (LBO) – The Lotus Tower or Nelum Kuluna’s land is still in dispute and awaiting approval from the Urban Development Authority, a senior …