Vidullanka commissions its first ever biomass based power project
May 31, 2019 (LBO) – Vidullanka in its latest announcement to the CSE, disclosed the commissioning of the development of the 3.3MW Dehiattakandiya Dendro …
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Sunshine Holdings PAT down 36.5-pct; top-line growth 6.9-pct in FY18/19
Divestiture of Tea plantation business in May 2019Consolidated revenue of Rs. 22.6 billion, an increase of 6.9% YoYPAT amounted to Rs. 1.1 billion, down 36.5% …
How tourism service providers can avail financial relief package
May 31, 2019 (LBO) - Ministry of Tourism and Ministry of Finance has decided to offer the following financial reliefs for tourism service providers. 01. A …
SriLankan Catering posts Rs 5.7bn net profit for 2018/19
May 30, 2019 (LBO) – SriLankan Catering, the fully owned subsidiary of SriLankan Airlines has recorded a steady financial performance for the financial year …
Jegan Durairatnam to Chair DFCC board
May 30, 2019 (LBO) - Former Commercial Bank CEO Jegan Durairatnam has been appointed as the Chariman of the board of DFCC. The appointment is with effect from …
Cabinet nod for implementation of promotion programs to minimize effects attacks on tourism
May 30, 2019 (LBO) - Sri Lanka's cabinet of ministers has approved several relief packages for the tourism industry in the island. Approval was given to a …
Sri Lanka rupee appreciated 3.8-pct against the US dollar up to 28 May 2019
May 29, 2019 (LBO) - Sri Lankan rupee appreciated against the US dollar by 3.8 percent by end March 2019 compared to end 2018. "Along with the significant …
Interview:How to grow SriLankan entrepreneurship in the USA
May 29, 2019 (LBO) - Insaaf Mohideen, is a Sri Lanka born American entrepreneur and investor who has seen his career spanned across the fields of technology, …
DFCC iConnect to facilitate employee EPF payments
The greatest testimonial to DFCC Bank’s credentials as the industry leader in pioneering FinTech solutions in the banking and financial solutions industry is …
Sri Lanka exports up 5.6-pct: Imports down
May 29, 2019 (LBO) - Export earnings increased by 5.6 percent (year-on-year) while import expenditure declined by 19. online pharmacy buy diflucan with best …
India relaxes travel advisory for Sri Lanka
May 28, 2019 (LBO) - India has relaxed its travel advisory for Sri Lanka. The previous advisory advised against non-essential travel, while the updated one …
Sri Lanka signs MoC with Japan & India to develop Colombo South Port
May 28, 2019 (LBO) – Memorandum of Cooperation (MoC) among the three governments of Sri Lanka, Japan and India on the development of the East Container …
Switzerland relaxes travel advisory for Sri Lanka
May 28, 2019 (LBO) - Switzerland has relaxed its travel advisory to Sri Lanka. The travel advisory previously warned citizens to avoid all but essential travel …
Lotus Renewables buys Hatton Plantations (HPL) in Rs1bn deal
May 28, 2019 (LBO) - Lotus Renewable Energy Group (LREG) has bought control of Colombo Stock Exchange (CSE) listed Hatton Plantations (HPL) in a Rs1bn stock …
Sri Lanka Tourism Alliance launches #LoveSriLanka initiative
May 28, 2019 (LBO) – In the wake of the Easter Sunday outrage, several hoteliers came together to form the Sri Lanka Tourism Alliance, launching its …
Sri Lanka JKH revenue up 12-pct: EBITDA down 11-pct
May 28, 2019 (LBO) - Sri Lanka's John Keells Group’s revenue increased by 12 percent to 135.46 billion rupees while recurring earnings before interest …
Safety of all passengers onboard is our highest priority: SriLankan Airlines
Statement from SriLankan Airlines Colombo May 27, 2019: SriLankan Airlines wishes to clarify and place on record certain facts with regard to a Social Media …
BOI & Hutchison Lanka signs deal to set up warehouse facility to strengthen telco infrastructure
May 27, 2019 (LBO) – Sri Lanka's Board of Investment on Monday said they signed a supplementary Agreement with Hutchison Telecommunications Lanka to permit …
Sri Lanka to retain 51-pct stake in new Terminal Operations Company of East Container Terminal: SLPA
May 27, 2019 (LBO) – Sri Lanka Ports Authority (SLPA) says the proposed Terminal Operations Company (TOC) that conducts all East Container Terminal …
Sri Lanka vehicle registrations down in Apr 2019
May 27, 2019 (LBO) - Sri Lanka's vehicle registrations were down in almost every category in April due to the New Year and Easter holidays and subsequent …