Pelwatte Dairy commissions new milk powder plant
Sept 19, 2018 (LBO) - Pelwatte Dairy Industries Limited, a local dairy manufacturer expanded its operations by commissioning a brand new milk powder plant …
Industry
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NTB empowers Sri Lankan expats to become entrepreneurs through workshops in South Korea
(PRESS RELEASE) - South Korea is home to a vibrant community of Sri Lankan expatriates striving to build a better future for their families in Sri Lanka by …
Sri Lanka’s CAL facilitates first cross-border share transaction by local investment bank
Sept 19, 2018 (LBO) - Capital Alliance (CAL), recently performed Sri Lanka’s first ever transaction of overseas stocks, a statement said. CAL partnered with …
Colombo City Centre Mall to opens doors today
Sept 19, 2018 (LBO) - Sri Lanka's Colombo City Centre mall by Abans and NextStory Group will open to the public at 4.30 pm today. Conveniently situated by the …
Sri Lanka records GDP growth of 3.7-pct
Sept 19, 2018 (LBO) - Sri Lanka has recorded a growth of 3.7 percent in Gross Domestic Product in the second quarter of 2018. Growth in the first quarter was …
USD 50Mn from ADB to support Enterprise Sri Lanka’s rooftop solar power project
Sept 19, 2018 (LBO) - The Enterprise Sri Lanka projects which was launched by the Ministry of Finance has received Rs 8 billion ( USD 50 Million) from the …
SLASSCOM launches program with Uni of Colombo for data science and AI
Sept 18, 2018 (LBO) - The Center for Data Science, Department of Statistics, University of Colombo will launch a training program in fundamentals of data …
Iconic developers to invest USD50Mn in Sri Lanka’s real-estate
Sept 18. 2018 (LBO) - Singapore based property developer, Iconic said they are planning to invest US 50 million dollars in Sri Lanka's luxury/semi luxury and …
Sri Lanka Govt. cuts VAT on imported fabric by 5-pct
Sept 18, 2018 (LBO) - Sri Lanka's Finance Ministry issuing a gazette amended the Value Added Tax (VAT) act further to reduce the VAT on imported fabric to 5 …
Lankapak 2018 concludes with Rs.10Mn initiatives launched to boost SME packaging
Sept 17, 2018 (LBO) - Sri Lanka's Lankapak 2018 concluded over the week-end with strong Indian participation and 10 million rupees initiatives launched to …
Super luxury MV Viking Orion calls at Sri Lanka’s Colombo port
Sept 17, 2018 (LBO) - The super luxury MV Viking Orion made her maiden call at the Port of Colombo last week. MV Viking Orion one of the world’s most modern …
Unilever and UNDP handover PPP policy paper to President’s secretary
Sept 17, 2018 (LBO) - Outlining plans to support Sri Lanka in achieving the Sustainable Development Goals, Unilever Sri Lanka and United Nations Development …
Sri Lanka needs to move from buyer to producer driven production : Harsha
Sept 14, 2018 (LBO) - Sri Lanka must diversify exports and shift to making more complex, high-value products, Harsha de Silva, state minister of National …
Use technologies already have before aiming for Blockchain: CDO of MAS Holdings
Sept 13, 2018 (LBO) – Sri Lankan companies should use technologies that are already available in the Mainstream before aiming for technologies like …
Balancing China and India partnerships and diversifying exports key for Sri Lanka
Sept 13, 2018 (LBO) - Sri Lanka needs to balance geopolitical partnerships while also managing several other key aspects of its economy like structural …
Janashakthi PLC acquires 31-pct stake in Dunamis Capital
Sept 13, 2018 (LBO) – Janashakthi PLC acquired 31.14 percent in Dunamis Capital PLC, Dunamis Capital said in a stock exchange filing. Accordingly, a total of …
Sri Lanka industrial index up 1.1-pct in July 2018
Sept 13, 2018 (LBO) - Sri Lanka's industrial production index grew by 1.1 percent to 105.9 from an year ago, data from the Census and Statistics Department …
Cabinet approves USD50mn ADB loan to boost rooftop solar power generation
Sept 12, 2018 (LBO) – Sri Lanka’s cabinet nod has been received to obtain 50 million US dollars worth ADB loan to help fund rooftop solar power generation …
Sri Lanka to be promoted as year round destination with ‘Island Escapes’ campaign
Sept 12, 2018 (LBO) - ‘Island Escapes’, a marketing campaign to promote Sri Lanka as a year-round destination to boost arrivals during off season will be …
VAT refund scheme to boost tourism in Sri Lankas: Fin Min
Sept 12, 2018 (LBO) - The tourist VAT refund scheme (TVRS) will enable Sri Lankan goods to have greater exposure to the global market, bringing with it …