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, …
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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 …
Sri Lanka to kick off solid waste plants with USD193 mln investment
Aug 10, 2017 (LBO) - Sri Lanka will see two solid waste-to-energy power plants starting construction as two public-private partnership (PPP) projects in …
Sri Lanka’s public institutions to go solar: Minister
Aug 09, 2017 (LBO) - Sri Lanka's cabinet has given the go ahead to budget and establish panels to generate solar power on the roofs of all public …
Sri Lanka’s Dialog Axiata profit edges up to Rs2.3 bln in June quarter
Aug 09, 2017 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, increased by 2.6 percent to 2.3 billion rupees in the June quarter, interim accounts …
Nasdaq quoted Synopsys to invest in R&D capabilities in Sri Lanka
Aug 09, 2017 (LBO) - Synopsys, Inc., a Nasdaq quoted leader in the electronic design automation industry (EDA), says it will invest futher in R&D capabilities …
Asian stocks fall as North Korea, U.S. tensions escalate
Aug 09, 2017 (LBO) - Asian stocks fell on Wednesday after U.S. and North Korea exchanged further threats amid escalating tensions between the two nations. U.S. …
Speaker seeks AG’s advice on no confidence against Ravi K
Aug 08, 2017 (LBO) – Speaker Karu Jayasuriya on Tuesday informed Parliament that he has sought Attorney General’s advice about the validity of debating the …
Sri Lanka to share info on money laundering with China, Bhutan
Aug 08, 2017 (LBO) – Sri Lanka will share financial information with China and Bhutan facilitating investigation and prosecution of persons suspected of …
Sri Lanka will not tolerate corruption and thieves : PM
Aug 08, 2017 (LBO) - Sri Lanka's Prime Minister who vowed to eliminate corruption in government has said that they would remove those involved in corruption if …