Sri Lanka to cut taxes on electric vehicles, introduce carbon tax
Nov 09, 2017 (LBO) – Sri Lanka will cut taxes on electric cars by at least one million rupees, Finance Minister Mangala Samaraweera said.buy vibramycin …
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Sri Lanka plans primary surplus of 1-pct of GDP in budget 2018
Nov 09, 2017 (LBO) – Sri Lanka hopes to achieve for the first time in almost 6 decades a primary surplus of 1 percent of GDP in budget 2018, Finance Minister …
Sri Lanka tourist arrivals up 1.3-pct in Oct, Chinese visitors drop
Nov 09, 2017 (LBO) – Sri Lanka tourist arrivals rose 1.3 percent to 152,429 in October 2017 from a year earlier amid subdued growth in the main Indian and …
Sri Lanka to investigate allegations of torture under new government
Nov 09, 2017 (LBO) – Sri Lanka's Foreign Ministry says it will ensure that allegations of torture committed in the country will be investigated and …
Cabinet approves setting up new High Court for corruption cases
Nov 08, 2017 (LBO) – Sri Lanka’s cabinet has granted approval to establish a separate High Court under the article 105 (1) (c) of the constitution to …
Norochcholai power plant to purchase coal under spot tender
Nov 08, 2017 (LBO) – Sri Lanka’s cabinet has granted approval to purchase 300,000 metric tons of coal for the Norochcholai power plant under a spot tender …
Railway development, viable alternative to costly Central Expressway
Nov 08, 2017 (LBO) – Sri Lanka’s transport sector experts questioned the need for an expensive four lane expressway with interchanges which will create its …
Biomass Energy Terminal to be inaugurated in Homagama
Nov 08, 2017 (LBO) – Sri Lanka’s Power Ministry in collaboration with Ecotherm Energy Solutions Private Limited will be establishing a Biomass Energy …
I will never allow substandard oil to unload: Petroleum Minister
Nov 07, 2017 (LBO) – Petroleum Minister Arjuna Ranatunga told Parliament Tuesday that he will never allow substandard oil tanker to unload in Sri Lanka. …
Sri Lanka’s Aitken Spence second quarter profits up by 15-pct
Aitken Spence PLC posted Rs. 1.12 bn as profits before tax in the three months ended 30th September, an increase of 15.4% year-on-year. Profits attributable to …
Sri Lanka’s Central Bank keeps policy rates steady
Nov 07, 2017 (LBO) – Sri Lanka’s Monetary Board of the Central Bank has decided to keep its key interest rates steady despite rising headline inflation. …
JKH to fully subscribe its entitlement of NTB rights issue
Nov 06, 2017 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings said it will fully subscribe to its entitlement of the proposed rights issue …
Sri Lanka’s John Keells Holdings second quarter net edge down
Nov 06, 2017 (LBO) – Profits at Sri Lanka’s diversified John Keells Holdings edged down in the September quarter amid higher sales costs and lower profits …
Sri Lanka Govt gives South Korean firms nod for LRT feasibility study
Nov 02, 2017 (LBO) - The cabinet of ministers has given the go ahead for two South Korean firms to do a pre-feasibility study for six Light Rail Transit …
Sri Lanka down one notch in Ease of Doing Biz rankings
Nov 02, 2017 (LBO) - Sri Lanka has slid one place to number 111 from 110 last year, according to the latest ranking released yesterday by the World Bank. In …
Sri Lanka’s FTA with China is clearly political: Ganeshan Wignaraja
Nov 01, 2017 (LBO) – Sri Lanka’s proposed free trade agreement with China is not an economic agreement but an agreement with a very clear political nature, …
Opinion : Easy and Affordable Access to Finance, Lifeline for Female-centric MSMEs
By Janaka Wijayasiri and Dilani Hirimuthugodage Indrani is a 41-year-old cinnamon oil producer living in Meetiyagoda, Ambalangoda in the Galle district, which …
Sri Lanka should use technology to promote transparency and efficiency in businesses
Oct 31, 2017 (LBO) – Sri Lanka needs to reduce the number of institutions interfacing with traders and use technology to promote transparency and efficiency …
Any country can develop part of Trinco harbor: Prime Minister
Oct 30, 2017 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said the government has invited countries including India to develop part of the …
Social Media – a life changer, What women think about it
By Thilinika Wijesinghe It was not so long ago when we realized that there should be a mode of communication where we wished we could connect with our high …