Softlogic Holdings to acquire Suzuki Motors Lanka
July 06, 2017 (LBO) – Softlogic Retail (Private) Limited, a subsidiary of Softlogic Holdings, has entered into a share sale and purchase agreement with …
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Central Bank suspends business of Perpetual Treasuries for 6 months
July 06, 2017 (LBO) – The Monetary Board of the Central Bank of Sri Lanka on Thursday suspended Perpetual Treasuries Limited from carrying on the business …
Independence of Sri Lanka SEC should be extended: IOSCO review
July 06, 2017 (LBO) – The International Organization of Securities Commissions (IOSCO) says it has identified progress made by Sri Lanka’s securities …
Sri Lanka press council law hinders RTI implementation: report
July 05, 2017 (LBO) – Sri Lanka's Press Council Law, which is not consistent with the Right to Information (RTI) Act, can hinder the media from publishing …
A Japanese delegation raises concerns over Sri Lanka’s ad-hoc tax changes
July 04, 2017 (LBO) – A Japanese business delegation has requested that Sri Lanka's finance minister gives them at least six months notice prior to the …
No reason for qualified hoteliers to look for jobs overseas: Amaratunga
July 04, 2017 (LBO) - Sri Lanka's Minister of Tourism Development John Amaratunga says that there is no longer any reason for our qualified hoteliers to look …
Sri Lanka launches FDI road map, reforms key: Prime Minister
July 04, 2017 (LBO) - Sri Lanka's Prime Minister said that the island needs to fast track reforms as part of ambitious efforts to be ranked at least 70th in …
Sri Lanka blacklists 67 foreign recruitment agencies in 2017
July 03, 2017 (LBO) – The Sri Lanka Bureau of Foreign Employment has blacklisted licenses of 67 foreign recruitment agencies in the first half of this year. …
Sri Lanka’s new revenue law to help credit profile: Moody’s
July 03, 2017 (LBO) – Sri Lanka’s new Inland Revenue Act will contribute to increasing the country’s very low level of government revenues, a key …
Japan provides Rs358 mln grant for public sector scholarships
July 03, 2017 (LBO) - The Japanese Grant Aid for Human Resources Development Scholarship (JDS) Programme has offered grant assistance of 358 million rupees to …
Sri Lanka enters USD34mln financing for smallholder agribusiness
July 03, 2017 (LBO) - International Fund for Agricultural Development (IFAD) and the Government of Sri Lanka have signed a financial agreement for the …
GSP Plus could add USD350 mln in export revenue, improve FDI: Min
July 03, 2017 (LBO) - GSP plus eligibility could add 350 million dollars in export revenue to Sri Lanka, while increasing potential for FDI, the minister for …
Reforms in Sri Lanka urgent but need to limit cost to the poor: WB
June 30, 2017 (LBO) - Sri Lankan government led reforms to improve competitiveness, maintain macro-fiscal stability and strengthen institutions, with broad …
Sri Lanka technical interns to be trained in Japan
June 29, 2017 (LBO) – Sri Lanka is to sign a memorandum of understanding with International Manpower Development Organization of Japan (IM Japan) to send …
Sri Lanka tourism office grades restaurants in Colombo
June 29, 2017 (LBO) – Sri Lanka Tourism Development Authority (SLDA) has launched a project to encourage upgrading of food safety, hygiene and services of …
Asbestos industry warns of economic, social and environmental impact from ban
June 29, 2017 (LBO) – Sri Lanka's Minister of Technology and Research said that he was awaiting reports regarding the safe use of Chrysotile, a type of …
Anilana Hotels to sell 51-pct stake to Somap International
June 28, 2017 (LBO) – Sri Lanka’s Anilana Hotels said an international firm Somap International (Private) Limited plans to invest in up to 51 percent of …
Laugfs enters residential apartment development
June 27, 2017 (LBO) – Sri Lanka’s Laugfs Property Developers, a subsidiary of Laugfs Gas PLC, has formed a fully owned subsidiary to undertake residential …
GMOA says “NO” to President’s statement on SAITM
June 27, 2017 (LBO) - Sri Lanka's Government Medical Officers Association (GMOA) said Monday that they were not accepting President Maithripala Sirisena's …
Sri Lanka Economic Summit to discuss need for Smarter Trade Strategy
June 27, 2017 (LBO) - ‘Sri Lanka Economic Summit 2017’ will dig deeper into the island's trade reform agenda anchored towards new preferential trade …