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 …
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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 …
Sri Lanka’s average inflation remains at 18-month high in June
July 24, 2017 (LBO) – Sri Lanka’s annual average inflation remained at a more than 18-month high of 6.1 percent in June, unchanged from a month ago. buy …
10 Sri Lankan Finance Companies ratings affirmed : Fitch
July 24, 2017 (LBO) - Fitch Ratings, a credit ratings agency, has affirmed the long-term issuer default ratings (IDRs) of ten local finance companies, a …
Sri Lanka’s economy to bounce back in 2017 and accelerate in 2018: IMF
July 24, 2017 (LBO) - The International Monetary Fund (IMF) forecasts Sri Lankan economy to rebound in 2017 and accelerate in 2018, despite the lower than …
UK says Sri Lanka among 30 human rights priority countries
July 21, 2017 (LBO) – Sri Lanka is one of 30 ‘Human Rights Priority Countries’ (HRPCs) that the UK looks for positive engagement with to address human …
Sri Lanka income tax bill to parliament by August
July 21, 2017 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera said he is expecting to present the new income tax act to parliament in August and and …
Travel goods from Sri Lanka to receive duty free entry to US
July 21, 2017 (LBO) – Export of travel-related products from Sri Lanka will enjoy duty free entry to the United States following a decision by the US …
No coal in Sri Lanka’s PUCSL approved long-term power generation plan
July 20, 2017 (LBO) - Sri Lanka's Public Utilities Commission has approved an alternate Least Cost Long Term Generation Expansion Plan (LCLTGEP) 2018- 2037 of …