Sri Lanka exports show tepid growth during first 5 months
Aug 02, 2017 (LBO) - Sri Lanka's earnings from exports expanded in May by 7.8 percent to 841 million dollars, on an year-on-year basis, however during the …
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Hirdaramani Puthukudiyruppu factory achieves LEED platinum status
Aug 02, 2017 (LBO) - The Hirdaramani group's facility in Puthukudiyruppu has been awarded LEED Platinum certification established by the US Green Building …
Sri Lankan companies eye Africa as next investment destination: Stax
Aug 01, 2017 (LBO) - STAX Inc, a strategy consultancy, says as African economies continue to grow, more opportunities will open up for Sri Lankan firms in …
Sri Lanka’s port deal boosts foreign reserves, a credit positive: Moody’s
Aug 01, 2017 (LBO) - The Hambantota port deal is credit positive for Sri Lanka because it will boost foreign-exchange reserves, which will ease the …
Court rejects SLT application to prevent Dialog’s fibre network expansion
Aug 01, 2017 (LBO) - The District Court of Colombo has refused applications for enjoining orders sought by Sri Lanka Telecom PLC against Dialog Axiata PLC …
Sri Lanka spent 32-pct less on vehicle imports in 2016: CCC
July 31, 2017 (LBO) – Sri Lanka’s expenditure on motor vehicle imports declined by 32 percent to 194 billion rupees in 2016 compared with 2015 when Sri …
Ceylon Chamber presents recommendations to fast-track PPPs
July 31, 2017 (LBO) – The Ceylon Chamber of Commerce national agenda committee on infrastructure has presented a set of recommendations on fast-tracking …
Hayleys Advantis invests Rs3.2bln in new distribution center
July 31, 2017 (LBO) - Hayleys Advantis said they will construct a Mega Distribution Center (DC) in Kotugoda with an 3.2 billion rupee investment for the first …
China-Sri Lanka deal on controversial deep water port to be signed on Saturday
By P.K. Balachandran The Sino-Sri Lankan deal over a controversial deep water port in Hambantota in south Sri Lanka, which has been hanging fire since January …
Parliament adjourns without debating Hambantota Port deal
July 28, 2017 (LBO) – Sri Lanka’s Parliament on Friday was adjourned following a tense situation in the chamber with opposition parliamentarians staging a …
Sri Lanka John Keells Holdings profits up 19-pct in June quarter
July 27, 2017 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings group profits rose 19 percent to 2.8 billion rupees in the June quarter …
Sri Lanka to continue ‘1990’ ambulance service with govt funds
July 27, 2017 (LBO) – Considering the success of the project, the cabinet has approved a proposal to provide funds to continue the pre-hospital care …
I will answer to the bond commission on Aug 2: Ravi
July 27, 2017 (LBO) - Sri lanka's Minister of Foreign Affairs Ravi Karunanayake says he will answer to statements made against him when he appears before the …
Government says fuel distribution restored despite union action
July 26, 2017 (LBO) – Sri Lanka’s government informs that bowsers can now collect fuel from stores as the government has restored fuel distribution.buy …
Privatization is not part of my mandate: New PPP chief
July 26, 2017 (LBO) – Sri Lanka will look at public-private partnerships (PPPs) in transport, utilities, ports, tourism, construction, housing, health care, …
Freshly minted Sino-Lankan agreement on Hambantota port to be put to parliament on Friday
By P.K. Balachandran A freshly minted Sino-Sri Lankan agreement on the controversial Hambantota port will be submitted to the Sri Lankan parliament for a …
Central Bank introduces new primary issuance system for T-bonds
July 25, 2017 (LBO) – Sri Lanka’s Central Bank is to introduce a new primary issuance system for Treasury bonds. Effective from July 27, 2017, the new …
Presidential Commission on Bonds extended further by 3 months
July 25, 2017 (LBO) – Sri Lanka’s President has extended the time period of the Presidential Commission of inquiry to investigate and inquire into the …
Sri Lanka motor car registrations dip in June, electric cars out of favor: JB
July 25, 2017 (LBO) - Sri Lanka motor car registrations dipped slightly in June to 2,800 units from 2,812 registered in May, JB Securities said in a research …
Central Bank takes steps after HNB customer info leak
July 24, 2017 (LBO) - Sri Lanka's Central Bank has conducted a preliminary investigation into a leakage of information of more than 4,000 customers of Hatton …