Japan’s Odakyu Group partners TAD Group for Rs.4.5Bn investment in Sri Lanka
Feb 21, 2019 (LBO) - Japan's Odakyu Group, a firm with interests in transport, real estate and retail together with the TAD Group is expecting to investment …
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Fitch downgrades SLT & CEB, upgrades Lion Brewery on rating scale revision
Feb 18, 2019 (LBO) – Fitch Ratings has taken rating action on non-financial corporates following the recalibration of its National Rating scale to reflect …
Fitch revises National Long Term Rating of NSB to AA+(lka) from AAA(lka)
Feb 18, 2019 (LBO) – Fitch Ratings has revised the National Long-Term Rating of National Savings Bank to 'AA+(lka)' from 'AAA(lka)' with a stable outlook …
ADB, SL Uni’s ink deal of USD145Mn for science and tech higher education
Feb 14, 2019 (LBO) - The Asian Development Bank (ADB) and four Sri Lankan universities signed project agreements totaling US 145 million dollars under the ADB …
Sri Lanka to host World Surf League qualifying series 6000 in Arugam Bay
Feb 13, 2019 (LBO) – With the growing success as a surfing destination, Sri Lanka has received the opportunity to host the World’s most accomplished …
BOI signs deal with Bellevue to build tallest building outside Colombo district
Feb 11, 2019 (LBO) – Sri Lanka’s BOI has signed an agreement with Bellevue Residencies Private Limited to build a mixed development project for a 35-storey …
Hemas 3Q profits up 50-pct primarily driven by seasonal demand for Atlas
Feb 08, 2019 (LBO) – Profit attributable to the equity holders of Hemas Group has reported a 50 percent growth primarily due to the strong performance at …
UK based Flexicare sings up with BOI to manufacture disposable medical devices in Sri Lanka
Feb 08, 2019 (LBO) - Flexicare (Group) Limited, a UK manufacturer has gained BOI approvals to begin laying the foundation for its newest state of the art …
Sri Lanka’s John Keells Holdings profits up 7-pct in 3Q
Jan 31, 2019 (LBO) – Profits attributable to equity holders of the diversified John Keells Holdings group rose 7 percent to 4. online pharmacy buy abilify …
Enterprise Sri Lanka loan scheme disburses Rs217mn to over 500 recipients
Jan 31, 2019 (LBO) – Policy Development Office of the Prime Minister’s Office says the “Thurunu Diriya” loan scheme, which was implemented to empower …
Arjuna proposes short term solution to prevent delays at Katunayake Airport
Jan 31, 2019 (LBO) – Sri Lanka’s Transport and Civil Aviation Minister Arjuna Ranatunga has proposed a short term solution to prevent delays passengers …
Fitch affirms Sri Lanka Telecom’s IDR at ‘B’; withdraws ratings
Jan 30, 2019 (LBO) – Fitch Ratings has affirmed Sri Lanka Telecom's Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at 'B' with a …
Sri Lanka ranked 89th in 2018 Corruption Perceptions Index
Jan 30, 2019 (LBO) - Sri Lanka is ranked 89th in the world and 3rd in South Asia, behind Bhutan (25th) and India (78th) with a score of 38 on the CPI 2018 …
Sri Lanka computer literacy at 27.5-pct: Digital literacy growing
Jan 30, 2019 (LBO) - Overall computer literacy reported in 1st half of 2018 for Sri Lanka is 27.buy cytotec online …
Sri Lanka Govt introduces more loans for 3-wheel owners and migrant workers
Jan 28, 2019 (LBO) - The Finance Ministry under the Enterprise Sri Lanka concessionary loan scheme is to introduce further concessionary loans to widen the …
5G & competition, key issues for Asia-Pacific Telco investors: Fitch Ratings
Jan 25, 2019 (LBO) – Credit investors in the Asia-Pacific telecommunications sector have key questions on telcos' growth prospects amidst rising …
Sri Lanka manufacturing activities decrease in Dec 2018
Jan 19, 2019 (LBO) - Manufacturing activities increased at a slower rate in December compared to November mainly driven by the slowdown in employment and …
Birth, Death and Rebirth of Jaffna’s Moolai Cooperative Hospital
By Jekhan Aruliah In the North-West corner of the Jaffna Peninsula close to the causeway to Karainagar Island is the small village of Moolai. It is a patch of …
Sri Lanka’s Biz Chamber to host 2019 Outlook Seminar
Jan 07, 2019 (LBO) - The Ceylon Chamber of Commerce will organize its annual outlook seminar for 2019 under the theme of ‘Building Resilience Amidst …
BOI inks deals in tourism and pharmaceutical sectors
Dec 21, 2018 (LBO) - The Board of Investment signed Agreements for projects in the field of hotels and the manufacture of pharmaceuticals. The Agreements were …