Sri Lanka discusses Megapolis financing with European Investment Bank
Oct 02, 2017 (LBO) – Sri Lanka’s Foreign Minister has participated in a discussion with Vice President of the European Investment Bank (EIB) to evaluate …
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Hayleys Advantis buys Sri Lanka Shipping Company for Rs4.9 bln
Aug 28, 2017 (LBO) – Hayleys Advantis Limited, a subsidiary of Hayleys PLC, has acquired 94.81 percent equity stake of Sri Lanka Shipping Company Limited for …
Sri Lanka to invest Rs3.5bnl in Kalutara for industrial park
Aug 22, 2017 (LBO) - Sri Lanka will set up a 150-acre industrial park in Millaniya, Kalutara at a cost of 3. buy nolvadex online …
Confusion over Lankan port deals may stymie FDI in maritime sector
By P.K. Balachandran Continuing confusion over the terms of foreign participation in the development of Sri Lanka’s ports threatens to stymie Foreign Direct …
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 …
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 …
Commercial Bank, Sampath Bank offer real-time Customs payments
July 25, 2017 (LBO) - Commercial Bank of Ceylon PLC and Sampath Bank PLC together have announced the introduction of real-time, online payments to Sri Lanka …
Hayleys Advantis to expand Maldives operations with two landing craft
Press Release: Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the …
Sri Lankan Supreme Court petitioned to stop building steel houses for IDPs
By P.K.Balachandran Tamil National Alliance (TNA) MP for Jaffna District, M.A.Sumanthiran, on Thursday filed a Fundamental Rights petition in the Supreme Court …
Sri Lanka’s SAGT goes live with Navis terminal system
June 28, 2017 (LBO) - Navis, a part of Cargotec Corporation, a provider of operational technologies and services across the shipping supply chain, said South …
Korean Government approves USD200mn for Kandy tunnel
June 06, 2017 (LBO) – The Ministry of Strategy and Finance of Korea has approved 200 million US dollars for the Kandy tunnel construction project, Korean …
Sri Lanka Railways to collect land lease arrears of Rs1.4bn
June 05, 2017 (LBO) – Sri Lanka’s state-owned Railways Department said 1.46 billion rupees is yet to be collected as lease arrears for land owned by the …
Indian ships arrive in Sri Lanka with flood relief, China pledges USD2.2Mn
May 29, 2017 (LBO) - Sri Lanka's monsoon death toll rose to 164 with another 88 listed as missing as Indian ships arrived with relief supplies and China …
LAUGFS says LPG Terminal in Hambantota on schedule for 2018
May 04, 2017 (LBO) - One year into the construction of the LAUGFS LPG Import and Export Terminal in Hambantota, the first phase, with a 30,000 MT capacity, is …
Rain and fire threatens Meethotamulla, rehabilitation plans in place
Apr 27, 2017 (LBO) - Rains expected in May and an outbreak of fire still remain as threats to the hundreds of tonnes of rotting garbage piled up near Sri …
Lubricant players concerned over duty hike on synthetic lubricants
Mar 22, 2017 (LBO) – Sri Lanka’s lubricant suppliers are starting to pass the tax imposed on synthetic lubricants to end users, the Ceylon Motor Traders …
Sri Lanka Port Authority records Rs11bn in profits for 2016
Mar 10, 2017 (LBO) - The Sri Lanka Ports Authority made profits of 11 billion rupees in 2016 while recording a revenue of 44 billion rupees, the Ports Ministry …
Sri Lanka’s JVP demands President reveals Hambantota port agreement
Dec 27, 2016 (LBO) – Sri Lanka’s Marxist JVP today insisted the President should reveal the Hambantota port agreement to the country before signing the …
Sri Lanka’s prospects for LNG investment high, especially from Japan: advisory firm
Nov 16, 2016 (LBO) - Sri Lanka's prospects for attracting investments in LNG, power plants, and natural gas infrastructure are good, especially if the island …
Interview: Strength of potential partners key to LNG negotiations, says PRDS DG
Nov 08, 2016 (LBO) - The reputation and financial strength of potential partners is key to developing Sri Lanka's LNG infrastructure, according to the head of …