Palihapitiya raises USD600 mln in IPO for tech investments
Sept 15, 2017 (LBO) - Chamath Palihapitiya, founder of the venture-capital firm Social Capital, has launched a new "blank-check" company in partnership with …
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British tourist killed by crocodile near Arugam Bay
Sept 15, 2017 (LBO) - A british journalist has been killed by a crocodile at a lagoon in Sri Lanka during a holiday with friends, the Telegraph reported. Paul …
EU gives thumbs up for Sri Lanka but says torture must stop
Sept 14, 2017 (LBO) - The European Union (EU) praised the government for the progress made in human rights, labour and environmental standards, but stressed …
Hayleys Group buys 62-pct stake in Singer Sri Lanka
Sep 13, 2017 (LBO) – Sri Lanka’s diversified Hayleys PLC has entered into an agreement with Retail Holdings (Sri Lanka) BV of Netherlands to purchase 61. …
Sri Lanka govt expects to borrow Rs1.8 trillion in Budget 2018
Sep 13, 2017 (LBO) – Sri Lanka’s total borrowing requirement from both foreign and local sources for next year will be 1,813 billion rupees, a cabinet …
PUCSL seeks public views on electric vehicle charging stations
Sept 13, 2017 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, said it is seeking public views on issues related …
Sri Lanka’s export problem is not concentration but composition: Verité
Sept 13, 2017 (LBO) - Sri Lanka's export product composition is heavily concentrated in the United States and the United Kingdom while having very limited …
Dialog acquires 80-pct of Colombo Trust Finance, aims FinTech solutions
Sept 13, 2017 (LBO) - Dialog Axiata PLC said it had successfully completed the acquisition of an 80.34 percent stake in finance company Colombo Trust Finance …
Propaganda about Islamic radicalization fails to affect tourism in Maldives, says official
By P.K. Balachandran Top Maldivian officials say that the on-going international propaganda about Islamic radicalism in the country is not based on facts. It …
Sri Lanka to consider District Law Colleges to expand legal education
Sep 12, 2017 (LBO) – Sri Lanka's Policy Development Office has proposed to set up legal education institutes at district level in order to enhance the …
Changing weather patterns raise long-term risks for insurers: Fitch
Sep 12, 2017 (LBO) – Sri Lanka's highly competitive non-life sector needs more rigorous pricing and assessment as changing weather patterns have increased …
Sri Lanka to pilot flexible working hours this month
Sept 12, 2017 (LBO) - Sri Lanka plans to pilot flexible working hours for public servants in Battaramulla commencing 18th September, an official said. online …
Sri Lanka’s Hemas Pharmaceuticals goes regional with distribution in Myanmar
Sept 12, 2017 (LBO) - Hemas Pharmaceuticals, a pharmaceutical importer and distributor in Sri Lanka, has ventured into regional shores with its entry into …
Sri Lanka’s new revenue law augments govt revenue: Moody’s
Sep 11, 2017 (LBO) – Sri Lanka’s newly revised Inland Revenue Act will augment the country’s very low level of government revenues, Moody’s said. Vice …
Sri Lanka expects Rs45bn additional tax revenue from new bill: FM
Sep 07, 2017 (LBO) – Sri Lanka is expecting 45 billion rupees additional tax revenue through the new Inland Revenue Bill, the finance minister said, speaking …
Sri Lanka tea prices up in August 2017
Sept 07, 2017 (LBO) - Sri Lanka's tea prices at auctions in August averaged 606.86 rupees, up from 473.78 rupees from an year ago, Forbes and Walker Tea …
Sri Lanka Inland Revenue bill to Parliament today
Sep 07, 2017 (LBO) - Sri Lanka’s Finance Minister will present the new income tax bill to Parliament on seventh of September, the ministry said issuing a …
Aloysius passed on sensitive bond information: report
Sept 06, 2017 (LBO) - Recordings of conversations between Arjun Aloysius and CEO of Perpetual Treasuries Kasun Palisena show that Aloysius had passed on …
Ceylon Index Fund emerges top performer during 1H 2017
Sept 06, 2017 (LBO) - The Ceylon Index Fund (CIF) which invests in blue chips listed on the Colombo Stock Exchange (CSE) was the top performing Unit Trust out …
PropertyGuru Asia Property Awards shortlists best developers of 2017
Sep 06, 2017 (LBO) - Sri Lanka’s developers will compete in the PropertyGuru Asia Property Awards Grand Final with nine shortlisted companies competing in …