EU lifts fishing ban, unofficial talks to finalize GSP+ application: PM
June 17, 2016 (LBO) – Sri Lanka has been removed from the list of third countries (countries outside the EU) not cooperating in the fight against illegal, …
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Italian firm mulls Tyre manufacturing in Sri Lanka with USD75mn
June 15, 2016 (LBO) – An Italian firm has sought BOI approval to set up a radial and industrial Tyre manufacturing and retreading plant in Horana area as a …
Foreign Employment Bureau collects Rs56mn from illegal job agencies
June 13, 2016 (LBO) – Sri Lanka Bureau of Foreign Employment has conducted 56 raids during the first five months of this year and collected 56 million rupees …
Businesses consider co-working long-term solution, says Regus
June 09, 2016 (LBO) - Latest research by flexible workspace provider Regus shows that co-working is now considered a long-term option for businesses, instead …
BOI facilitates Japanese investors at meeting with Japanese chamber of commerce and industry
The Board of Investment of Sri Lanka hosted the annual Japan-Sri Lanka Government Private Sector Joint Forum for existing Japanese Companies based in …
Sri Lanka’s Hemas Holdings March net profit down 3.5-pct
June 07, 2016 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure and healthcare has posted a shareholder profit of 744 million rupees …
Sri Lanka’s Cargills net up 39-pct in March with improved margins
June 02, 2016 (LBO) – Profits at Sri Lanka’s Cargills group, with interests in retailing and fast moving consumer goods, rose 39 percent to 412 million …
Restrictions on issuing passports to Sri Lankan citizens lifted: Foreign Ministry
June 01, 2016 (LBO) – Sri Lanka’s government has issued a circular ending the restrictions placed in March 2011 on the issuance of passports to Sri Lankan …
Minister Nimal Siripala de Silva heads Sri Lankan delegation at First World Humanitarian Summit
Minister De Silva, participating at the WHS representing President Maithripala Sirisena, stated that the UN Secretary General Ban Ki Moon’s “Agenda for …
Sunshine Packaging receives USD2mn foreign capital infusion
May 27, 2016 (LBO) – Sri Lanka’s Sunshine Packaging, a subsidiary of listed Sunshine Holdings, have been infused equity capital of 2 million US dollars by …
Sri Lanka’s Dipped Products acquires Italian glove marketer for Rs535mn
May 25, 2016 (LBO) – Dipped Products, a subsidiary of the Hayleys Group, today announced that it acquired the remaining stake of Italian glove marketer …
Fitch Affirms Sri Lanka’s Dialog Axiata at ‘AAA(lka)’
Fitch Ratings has affirmed Sri Lanka's Dialog Axiata PLC's (Dialog) 'AAA(lka)' National Long-Term Rating, a statement said. The Outlook is Stable. KEY RATING …
CA Sri Lanka to teach Forensic Accounting to combat fraud
May 18, 2016 (LBO) - Sri Lanka's Institute of Chartered Accountants has launched a course in Forensic Accounting to help combat fraud in the country, a …
Ceylon Chamber and A-PAD launch disaster relief campaign
May 17, 2016 (LBO) - Sri Lanka's Ceylon Chamber of Commerce and the National Platform of the Asia Pacific Alliance for Disaster Management (A-PAD) has launched …
Colombo suburban railway electrification project to cost USD300mn
May 12, 2016 (LBO) – Colombo suburban railway electrification project phase one which initially focuses on 64 kilometers along Veyangoda - Panadura section …
MasterCard announces new platform to enhance processing capabilities
May 11, 2016 (LBO) - MasterCard launched MasterCard Integrated, a payments processing services platform that powers it’s payment transaction services, the …
OTT services, threat to Sri Lankan Telco revenues and state taxes: Dialog Chief
May 10, 2016 (LBO) – Sri Lanka’s telco industry may face a threat of increasing severity arising from revenue erosion due to the impact of Over the Top …
Czech eyes hydro power, sugar and aviation in Sri Lanka
May 09, 2016 (LBO) – Czech Republic is currently looking for trade and investment opportunities in Sri Lanka, a business delegation headed by Czech …
Saudi agrees to share employment status of Lankan workers: Harsha de Silva
May 06, 2016 (LBO) – Saudi Arabia has agreed to periodically share employment details of Sri Lankan workers during their stay in Saudi Arabia. buy …
S. Korea asks Sri Lankan returnee workers to claim insurance benefits
The Employment Permit System Centre of the Human Resources Development Service of Korea (EPS Centre of HRD Korea) in Sri Lanka filed claims for returnee …