Sri Lanka expects accession to Madrid Protocol for trademarks in 2018
Aug 21, 2017 (LBO) – Sri Lanka plans to complete its historic accession to the international trademark system called the Madrid Protocol by August next year. …
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Panasian Power plans two mini hydro plants in Nuwara Eliya
Aug 21, 2017 (LBO) - Panasian Power has announced the acquisition of Lower Kotmale-Oya Power Two (Pvt) Ltd to construct two mini hydro-power plants (MHP) in …
Laugfs Gas gets private sector financing from China’s Sinosure
Aug 21, 2017 (LBO) - Sri Lanka's LAUGFS Gas and Standard Chartered have announced the first private sector financing facility supported by China Export and …
Sri Lanka Inland Revenue bill to be passed by Aug 25th, all concerns addressed: Fin Min
Aug 18, 2017 (LBO) - Sri Lanka's Inland Revenue bill will presented in Parliament next week and passed by August 25th, with most of the concerns raised …
Sri Lanka cuts taxes on telecom data, small trucks and motorcycles: Finance Minister
Aug 16, 2017 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera announced a 10 percent tax cut on telecom data and small vehicles like lorries and motor …
Clear vision and unity key for Sri Lanka’s family businesses
Aug 17, 2017 (LBO) - Sri Lanka's family business continuity will depend on their ability to have a clear vision and retaining family unity, business leader …
Softlogic Holdings records Rs15.2 bln revenue in 1Q, +6.2 pct
Aug 17, 2017 (LBO) - Softlogic Holdings recorded a revenue growth of 6.2% posting Rs15.2 bn in the first quarter this year, from Rs14.3 bn in the same period …
Govt approves further amendments to plantation estate act
Aug 16, 2017 (LBO) - Sri Lanka's cabinet of ministers has approved to further amend the tea, rubber and coconut estates (Control of fragmentation) Act No.2 of …
Colombo among biggest improvers during five years: Global Liveability Report
Aug 16, 2017 (LBO) – Sri Lanka’s main commercial city Colombo is among the five biggest improvers during the last five years in terms of liveability, …
Central Bank seeks clarity on National Payment Platform
Aug 16, 2017 (LBO) - Sri Lanka's Central Bank says they are still awaiting a response regarding concerns raised regarding the National Payment Platform (NPP) …
Hambantota Port PPP, important step towards maritime hub: CCC
Aug 15, 2017 (LBO) – Ceylon Chamber of Commerce says it appreciates the steps taken to develop the Hambantota Port as a Public Private Partnership (PPP) as …
CB suspends Pan Asia Bank primary dealership for 6 months
Aug 15, 2017 (LBO) – Sri Lanka’s Central Bank has suspended business activities of the primary dealer of Pan Asia Banking Corporation (PABC) for a period …
ADB, Korean consultants study Trinco economic corridor
Aug 15, 2017 (LBO) - The Export-Import Bank of Korea together with the Asian Development Bank held a seminar on the Colombo-Trincomalee Economic Corridor …
Sri Lanka industrialists call for China transparency
Aug 15, 2017 (LBO) - Sri Lanka has assured its industrialists that the forthcoming China FTA is designed keeping the local industry concerns in mind. …
Sri Lanka ICTA head Muhunthan Canagey tenders resignation
Aug 14, 2017 (LBO) - Sri Lanka's head of ICTA Muhunthan Canagey has resigned on Monday after a request from the president. "I have been asked to resign by His …
Sri Lanka to emphasize KPIs in budget preparation: Finance Ministry
Aug 14, 2017 (LBO) - Sri Lanka's finance ministry will focus on inclusion of key performance indicators (KPIs) for all budget proposals from ministries when …
Central Bank & ICTA have no legal deal with Total Pay: Harsha
Aug 11, 2017 (LBO) – Sri Lanka’s National Policies and Economic Affairs Deputy Minister Harsha De Silva told Parliament Friday that neither the Central …
Proparco (AFD) grants €20mn loan to DFCC to promote alternate energy, SME
Aug 11, 2017 (LBO) - DFCC Bank has been granted a long term loan of €20 million by Proparco, a subsidiary of Agence Française de Développement (AFD), to …
Sri Lanka’s public finances strengthening, says IMF in country report
Aug 11, 2017 (LBO) - Sri Lanka's overall fiscal deficit decreased from 7 percent to 5.4 percent of GDP between 2015 and 2016, with public finances …
Sri Lanka’s Foreign Minister resigns over corruption allegations
Aug 10, 2017 (LBO) – Sri Lanka's Foreign Minister Ravi Karunanayaka on Thursday announced his resignation in parliament over corruption charges leveled …