SriLankan Airlines gets new board and chairman
Apr 02, 2018 (LBO) - A new board of directors has been appointed to SriLankan Airlines with Ranjith Fernando as the Chairman. Other Board members include …
Industry
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Sri Lanka seeks New Zealand expertise in tourism
Apr 02, 2018 (LBO) – Sri Lanka has sought expertise from New Zealand in developing the country’s adventure tourism segment and improving high end …
Invest more in people, or risk extinction: Oracle’s Dalal tells SLASSCOM Summit
Apr 02, 2018 (LBO) - No matter how successful companies are today, they may risk extinction if they fail to invest in their employees and won’t transform …
Reauthorized US GSP active for Sri Lanka from April 22
Mar 30, 2018 (LBO) – The reauthorized US GSP shall become active for Lankan exporters from this April, according to Sri Lanka’s Minister of Industry and …
Coca-Cola CEO meets Prime Minister in Sri Lanka
Mar 29, 2018 (LBO) – President and CEO of Coca-Cola, James Quincey has met with Prime Minister Ranil Wickremesinghe during his maiden visit to Sri Lanka. …
Thumps up from US on GSP for Sri Lanka and others
Mar 29, 2018 (LBO) - Sri Lanka will be regaining the United States Generalised System of Preferences (GSP) trade concession which expired on December 31, …
Sri Lanka to call EOI for Colombo Port North Harbour feasibility
Mar 28, 2018 (LBO) – Cabinet nod has been received to select a suitable consultancy firm to conduct a feasibility study for the proposed Colombo Port North …
SriLankan partners with Air Seychelles to increase destinations
Mar 28, 2018 (LBO) – SriLankan Airlines and Air Seychelles have entered into a special prorate agreement that will enhance their respective route networks …
United Motors to dispose its shareholding in TVS Lanka
Mar 27, 2018 (LBO) – United Motors Lanka said its 50 percent shareholding in TVS Lanka is to be disposed for 1 billion rupees. United Motors in a stock …
Sri Lankan spice exporters slam India for introducing MIP for pepper
Mar 26, 2018 (LBO) – Sri Lanka’s Spices & Allied Products Producers’ & Traders’ Association slams India for introducing a minimum import price …
CB requests CIFL depositors to submit their details of deposits
Mar 26, 2018 (LBO) – Sri Lanka’s Central Bank has requested all CIFL depositors to submit the details of deposits that they have placed with the finance …
Sri Lanka’s Port of Colombo: 13th best connectivity in world
Mar 26, 2018 (LBO) - Port of Colombo has been ranked the 13th best connectivity port, up five places in the Drewry Port Connectivity Index for the 4th …
Potential challenges for Sri Lanka’s residential and retail markets beyond 2019: JLL
Mar 26, 2018 (LBO) - Sri Lanka's residential real estate sector, especially high end condominiums,faces over supply challenges, with the recent re-imposition …
Sampath Bank and Ustocktrade LK link to simplify investment in foreign securities
Mar 26, 2018 (LBO) - Sampath Bank PLC has entered into a Memorandum of Understanding (MoU) with Ustocktrade LK (Private) Ltd (ULPL) to enable investors pay …
Sri Lanka plans to issue licenses for electricians from October
Mar 23, 2018 (LBO) – Sri Lanka's electricity sector regulator, Public Utilities Commission is planning to implement a mechanism to establish an accepted …
IFC to loan USD 15Mn to Senkadagala Finance
Mar 23, 2018 (LBO) - Sri Lanka’s Senkadagala Finance will get loan of up to US15 million dollars from the International Finance Corporation (IFC), a …
The One, landmark mixed development to cost USD500Mn plus
Ultra luxury, state of the art hospitality, breathtaking surroundings, signature amenities, world class dining experiences, three towers comprising two luxury …
Multi Finance PLC enables sustainable transactions with “Each One Plant One” campaign
With a proud heritage of over 4 decades in business, Multi Finance PLC has been a source of strength to businesses, and entrepreneurs in the urban rural …
Orion City and Dialog partner to build High Density Data Centre
Mar 21, 2018 (LBO) - Sri Lanka’s Dialog Axiata Group announced a joint venture partnership with Orion City to build and manage the island’s first ever …
National Financial Inclusion Strategy of Sri Lanka by mid-2019
Mar 21, 2018 (LBO) - Sri Lanka's Central Bank expects to implement the National Financial Inclusion Strategy of Sri Lanka by mid-2019, Dr. Indrajit …