Sri Lanka’s high-end condos under pressure, no bubble yet
Sept 06, 2017 (LBO) - Sri Lanka’s luxury residential condominium prices would stagnate or come down in 2018-2020 due to large levels of unabsorbed supply, …
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Ministers cannot grant tax concessions under new Inland Revenue Act: Finance Minister
Sept 04, 2017 (LBO) - Discretionary powers vested in Sri Lankan ministers to grant tax concessions has been expunged under the new Inland Revenue Act, the …
Sri Lanka accepts power generation with LNG as policy
Aug 30, 2017 (LBO) – Sri Lanka’s cabinet on Tuesday officially accepted generating electricity with Liquid Natural Gas and providing required …
China and Sri Lanka to establish sister city relationships
Aug 31, 2017 (LBO) - Authorities in Monaragala, Uva Province Sri Lanka, have signed an MOU on establishing a sister city relationship with Jishan, Shanxi …
Dilmah Ceylon to consolidate, acquire export business of MJF Teas
Aug 30, 2017 (LBO) – Sri Lanka’s global tea brand Dilmah Ceylon Tea Company is to acquire the tea export business of MJF Teas (Private) Limited for 442.5 …
Sri Lanka ranks 11th worst-affected in malware attacks in Asia
Aug 29, 2017 (LBO) - Microsoft Asia recently released regional findings from their global Security Intelligence Report which found that Asian countries, …
Hayleys Advantis buys Sri Lanka Shipping Company for Rs4.9 bln
Aug 28, 2017 (LBO) – Hayleys Advantis Limited, a subsidiary of Hayleys PLC, has acquired 94.81 percent equity stake of Sri Lanka Shipping Company Limited for …
Jaffna Investor Forum by SEC, CSE gets good response
Aug 28, 2017 (LBO) - The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) said they conducted the third Investor …
Sri Lankan startups pitch for Oslo Innovation Week
Aug 28, 2017 (LBO) - Sri Lankan startups can take part in Oslo Innovation Week, with a pitching event this week, says the Sri Lanka Association of Software and …
Sri Lanka in the eye of the storm, in terms of disasters: World Bank country head
Aug 28, 2017 (LBO) - Sri Lanka is in the eye of the storm, in terms of natural disasters, and now is the time to improve response mechanisms and disaster …
ADB earmarks USD5bln for Sri Lanka from 2018-2022
Aug 25, 2017 (LBO) - The Asian Development Bank said they have endorsed a country partnership strategy (CPS) for 2018-2022, amounting to up to US 1 billion …
Sri Lanka motor car registrations rise to 3,221 units in July: JB
Aug 25, 2017 (LBO) Sri Lanka's motor car registrations rose to 3,221 units in July, up from 2,802 units in June, the highest monthly figure so far this year, …
Norway’s pension fund reports best half-yearly returns
Aug 25, 2017 (LBO) - Norway's Government Pension Fund Global has returned a total 2.6 percent, or 202 billion kroner, in the second quarter of 2017, making the …
Sri Lanka to provide health insurance for school children
Aug 24, 2017 (LB0) - Sri Lanka's cabinet of ministers has approved health insurance cover for school children, a statement said. Budget 2017 proposed to …
Sri Lanka awards contract for BIA duty free shops to Dufry AG
Aug 23, 2017 (LBO) – Sri Lanka’s cabinet has approved awarding the second contract for the operation of duty free shops at Bandaranaike International …
Sri Lanka launches e-Chamber with laptops for MPs
Aug 23, 2017 (LBO) – Sri Lanka’s Parliament on Tuesday officially launched the Chamber Management Information System (e-Chamber) to allow parliamentarians …
Sri Lanka telcos agree to grant more data after levy removal
Aug 23, 2017 (LBO) - Sri Lanka's licensed telecommunications operators said that all mobile and fixed line subscribers would be granted a 10 percent bonus …
Sri Lanka’s Dialog Axiata conducts 5G technology trial
Aug 23, 2017 (LBO) - Sri Lanka's Dialog Axiata said that a 5G technology capability trial was carried out with technology partners Ericsson and Huawei at the …
UNP calls President to remove Wijedasa from all cabinet posts
Aug 22, 2017 (LBO) – Sri Lanka’s main ruling United National Party on Tuesday said the party leadership has urged the President to remove Minister of …
Sri Lanka to invest Rs3.5bnl in Kalutara for industrial park
Aug 22, 2017 (LBO) - Sri Lanka will set up a 150-acre industrial park in Millaniya, Kalutara at a cost of 3. buy nolvadex online …