Sri Lanka’s CPC receives overhaul to boost efficiency
Apr 19, 2018 (LBO) - The Ceylon Petroleum Corporation’s (CPC) Sapugaskanda Oil Refinery successfully completed a 35-day overhaul and renovation programme …
Industry
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Sri Lanka pledges support for Commonwealth small states trade finance facility
Apr 18, 2018 (LBO) - Sri Lanka pledged financial contribution to setup the Small States Trade Financial Facility, In order to help Small States get access to …
Sri Lanka Govt to ensure continued progress of financial inclusion: Fin Min
Apr 18, 2018 (LBO) - Minister of Finance Mangala Samaraweera says it is important for the Sri Lankan financial system to have robust access and engagement …
Sri Lanka Police arrests suspects in tourist assault in Mirissa
Apr 18, 2018 (LBO) - Sri Lanka's Tourist Police is actively involved in the investigation and is assisting the Weligama police by facilitating contact with …
Virtusa says 85-pct businesses plan to invest in digital transformation in 2018
Virtusa Corporation(NASDAQ GS:VRTU), a global provider of digital engineering and IT outsourcing services that accelerate business outcomes for its clients, …
Sri Lanka’s CEB threaten TU action, Says not liable for inconvenience to public
Apr 17, 2018 (LBO) - Sri Lanka’s Ceylon Electricity Board Engineers Union (CEBEU), of the state owned electricity supplier Ceylon Electricity Board (CEB) is …
DFCC relaunches their credit cards
DFCC Bank relaunched their Credit Card range at a special event on 28 March at the Cinnamon Grand, Colombo amidst a large gathering of clients, prominent …
Sri Lanka Central Bank issues warning on virtual currencies
Apr 17, 2018 (LBO) - The Central Bank has warned the pubic about the use of “virtual currencies”, commonly used to refer to digitally created …
SriLankan reports revenue of Rs.126.9Bn in 2017/18
Apr 16, 2018 (LBO) - National carrier SriLankan Airlines has achieved a un-audited annual passenger revenue of 126.9 billion rupees (US Dollars 830.7 million) …
Sri Lanka’s Norochcholai power plant shuts down temporarily
Apr 12, 2018 (LBO) - The unit one of Lakvijaya power station which is also known as the Norochcholai power station has been shut down following the release …
Asia will grow at 6-pct in 2018, Trade risk warnings: ADB
Apr 12, 2018 (LBO) - The Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6.0 per cent from 5.8 per cent, citing solid …
Sri Lanka Govt call for expediting activities related to exploration and production of petroleum
Apr 12, 2018 (LBO) - Sri Lanka's cabinet of ministers has called for an action plan for expediting the activities related to exploration and production of …
President calls for proposals to solve problems in construction field
Apr 11, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena advised the Secretary for Ministry of Skills Development and Vocational Training to prepare a …
Colombo’s Port City ready for investors
Apr 11, 2018 (LBO) - CHEC Port City Colombo (Pvt) Ltd., presented the Development Control Regulations (DCR) for the Colombo Port City project.to the …
Need more progress on HR conventions relevant to GSP+: European delegation
Apr 05, 2018 (LBO) - A delegation of the European Parliament Committee on International Trade (INTA) who visited Sri Lanka highlighted that the country need …
Fitch Ratings doubles stake in Sri Lanka unit
Apr 05, 2018 (LBO) - Fitch Ratings has doubled its stake in itch Ratings Lanka Ltd. ,to approximately 89 percent through its acquisition of the equity …
Sri Lanka CB cuts policy rate ceiling by 25bps
Apr 04, 2018 (LB0) - Sri Lanka's central bank has decided to reduce the Standing Lending Facility Rate (SLFR), which is the upper bound of the policy interest …
Blue Ocean Group of Companies has grown into versatile conglomerate
Blue Ocean Group of Companies Blue Ocean Group of Companies has grown into a versatile conglomerate over the years. The evolution of the group is significant …
Sri Lanka targets pharmaceuticals self-sufficiency with new zone
Apr 03, 2018 (LBO) – Efforts to increase domestic and foreign investment in Sri Lanka’s pharmaceuticals industry is set to boost output, Oxford Business …
Benefits of AWS Cloud Computing
Amazon Web Services(AWS) offers a secure cloud service platform, with ample compute power, database storage and myriads of other services that are vital to …