Sri Lanka petrol price raised to Rs138 per ltr
Jun 11, 2019 (LBO) - Sri Lanka's government will increased the price of 92 Octane petrol by three rupees to 138 rupees for a litre from midnight yesterday. The …
Industry
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Mahaweli Coconut Plantations Ltd commences trading on CSE
On 3rd June 2019, the shares of Mahaweli Coconut Plantations Limited (MCPL) commenced trading on the Colombo Stock Exchange (CSE). MCPL is the first company to …
Ookla recognizes Mobitel as first Mobile 5G Network in South Asia with 1.55Gbps speed
Mobitel (Pvt) Ltd, the National Mobile Service Provider in Sri Lanka successfully reached the highest mobile 5G speeds for the first time in South Asia …
Opinion: PSC hearings on Easter Sunday terror display the strength of Sri Lanka’s democracy
June 7, 2019 (LBO) - The truth is coming out. Dominating the news cycle in the last few days have been updates from hearings by the Parliamentary Select …
Dutch tourists eager to visit Sri Lanka after relaxing Travel Advisory
Jun 07, 2019 (LBO) – The number of tourists from The Netherlands travelling to Sri Lanka has begun to pick up, following the relaxation of the travel …
Unilever Global CEO Alan Jope makes official visit to Sri Lanka
Jun 07, 2019 (LBO) – Unilever’s Global CEO Alan Jope arrived in Sri Lanka on an official visit recently to review Unilever Sri Lanka’s operations and …
SriLankan named world’s most punctual airline
Jun 07, 2019 (LBO) - SriLankan Airlines has been named the world’s most punctual airline yet again, with 90.75 percent of its flights in May 2019 being …
CB extends suspension on Pan Asia’s primary dealer unit
Jun 07, 2019 (LBO) - The Central Bank of Sri Lanka, acting in terms of the regulations made under the registered stock and securities ordinance and the local …
UK no longer advise against all but essential travel to Sri Lanka
Jun 06, 2019 (LBO) – The UK is no longer advising British travellers and tourists against all but essential travel to Sri Lanka. British High Commission said …
Dialog 5G Mobile Service shows South Asia’s fastest mobile speeds in excess of 1.4Gbps
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, showcased download speeds in excess of 1.4Gbps using a commercial 5G mobile handset, the …
Sri Lanka to obtain USD330Mn World Bank loan for climate mitigation
Jun 06, 2019 (LBO) - Sri Lanka's cabinet of ministers has approved the implementation of phase 1 of a multi-phase program for mitigation of climate …
Sri Lanka tea prices down in May 2019
Jun 06, 2019 (LBO) - Sri Lanka's tea prices or national average for May 2019 were down to 51.69 rupees vis-à-vis May 2018 with medium and low growns showing …
Additional lanes for entry & exit ramp of Ja-Ela interchange to ease congestion
Jun 05, 2019 (LBO) – Cabinet approval has been granted to award the contract for the construction of additional lanes at the entry and exit ramp of Ja-Ela …
Sri Lanka reduces electrocutions by 50-pct in 2018
Jun 05, 2019 (LBO) – Sri Lanka reduced electrocutions by 50 percent to 89 electrocutions in 2018 compared with the electrocutions reported in 2012, the …
LOLC passes most Sri Lankan corporate giants with Rs11bn annual profit
June 4, 2019 (LBO) - Colombo Stock Exchange listed LOLC Holdings (LOLC) has reported an astounding profit of over Rs11bn (US$65mn) for the fiscal year ended …
Sri Lanka tourism kicks off promotion campaign in India
Jun 04, 2019 (LBO) - Sri Lanka Tourism with the Sri Lanka Association of Inbound Tour Operators (SLAITO) and The Hotels Association of Sri Lanka (THASL) …
Italian Embassy relaxes travel advisory for Sri Lanka
May 31, 2019 (LBO) – The Italian Embassy in Sri Lanka announced that it has updated its travel advisory for all Italian nationals travelling to Sri Lanka. …
Competition cuts Asian Hotels (AHPL) annual profit in half
May 31, 2019 (LBO) - Profits at Sri Lanka's leading city hotel operator, Asian Hotels and Properties (AHPL), were down more than 50% for the year ended March …
BOI signs agreement with foreign investor for USD 4.5mn luxury resort “Plantation Koggala”
May 31, 2019 (LBO) – Sri Lanka's Board of Investment has signed an agreement with Sundara (Pvt) Ltd on a luxury resort project valued at over USD 4.5 million …
SriLankan Airlines to resume services to Karachi
SriLankan Airlines is to resume services to Pakistan’s commercial capital Karachi on 1st June 2019. Sri Lanka’s National Carrier will operate five weekly …