Sri Lanka’s JAT launches 3rd luxury apartment development project
Sept 28, 2017 (LBO) - Sri Lanka's JAT Property Group, a vertical of JAT Holdings launched their third luxury apartment development project, ‘96 …
Industry
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Construction of Litro Gas Filling Factory in Hambantota awarded to Dockyard General Engineering
Sept 28, 2017 (LBO) - Sri Lanka's Litro Gas has decided to award the contract to construct the gas filling factory of Litro Gas Lanka Company Hambantota to …
Fitch maintains rating watch negative on Distilleries Company
Sep 27, 2017 (LBO) – Fitch Ratings has maintained the Rating Watch Negative (RWN) on alcoholic beverage manufacturer Distilleries Company's (DIST) National …
Samsung Galaxy Note8 launched in Sri Lanka
Sep 27, 2017 (LBO) – Samsung Electronics on Wednesday launched its flagship Smartphone Galaxy Note8 in Sri Lanka, offering a next level note for people who …
Sri Lanka aims to be next best tourist destination in Asia: PM
Sept 27, 2017 (LBO) - Sri Lanka is looking at becoming the most sought after tourist destination in Asia as the focus of tourism shifts from other regions, …
Fitch affirms Sri Lanka’s Abans at BBB+(lka); outlook stable
Fitch Ratings has affirmed Sri Lanka-based retailer Abans PLC's (Abans) National Long-Term Rating at 'BBB+(lka)' with a Stable outlook. Fitch has also …
Sri Lanka Hambantota Port JV to be operational from November
Sep 25, 2017 (LBO) – Sri Lanka is expecting to commence operations of the Hambantota Port joint venture from November, Chairman of Ports Authority Parakrama …
Harry Jayawardena reappointed to Distilleries as Melstacorp nominee
Sep 22, 2017 (LBO) – Sri Lanka’s business tycoon Harry Jayawardena has been reappointed to the board of Distilleries as a nominee of Melstacorp.online …
Access Engineering PLC Re-draws the Capital City’s Skyline with Capital Heights
(PRESS RELEASE) - Construction of the 242-unit ‘Capital Heights’ luxury apartment project commenced on 18th September 2017,when Blue Star Realties (Pvt) …
Saudi Arabia lifts VoIP ban on FaceTime, Snapchat, Skype
Sep 21, 2017 (LBO) – Saudi Arabia has lifted the ban on the Voice Over Internet Protocol (VoIP) applications that meet their regulatory requirements, …
PUCSL warns of shortcomings in Sri Lanka’s power supply : Report
Sept 20, 2017 (LBO) - Public Utilities Commission of Sri Lanka (PUCSL), the island's power regulator has warned of serious consequences to be expected and …
Sri Lanka seeks to limit importation of busses, three-wheelers
Sep 19, 2017 (LBO) – Transport Ministry is currently looking at options to limit the importation of high floor busses and three-wheelers to Sri Lanka. buy …
Office spaces in Sri Lanka: Things to Know
Sri Lanka’s exceptional economic growth over the past decade has attracted both local and foreign businesses to expand their operations within the South …
Fitch rates Sampath Bank’s Basel III compliant sub debt A(lka)(EXP)
Sep 19, 2017 (LBO) – Fitch Ratings has assigned Sri Lanka Sampath Bank's proposed Basel III compliant subordinated debentures an expected National Long-Term …
Sri Lanka’s appointment at UNWTO will help reiterate it as able tourist destination: Minister
Sept 19, 2017 (LBO) - Sri Lanka's Tourism Minister John Amaratunga said his appointment as a Vice Presidential representative of Asia for the United Nations …
New US Trade Rep assures no major changes in trade policy on Sri Lanka
Sep 18, 2017 (LBO) – The United States has stressed that there shall be no major change in its trade policy towards Sri Lanka in the aftermath of its new …
Advantis projects leverages expertise to improve Sri Lanka’s transport infrastructure
(PRESS RELEASE) - Transportation has always played an important role in the prosperity of a nation. As Sri Lanka takes its first steps onto the world stage …
REITs holds potential to drive growth, job creation and FDI in Sri Lanka : JLL
Sept 18, 2017 (LBO) - Jones Lang LaSalle (JLL) has called for a re-evaluation of the regulatory and legal mechanisms around Real Estate Investment Trusts …
Palihapitiya raises USD600 mln in IPO for tech investments
Sept 15, 2017 (LBO) - Chamath Palihapitiya, founder of the venture-capital firm Social Capital, has launched a new "blank-check" company in partnership with …
British tourist killed by crocodile near Arugam Bay
Sept 15, 2017 (LBO) - A british journalist has been killed by a crocodile at a lagoon in Sri Lanka during a holiday with friends, the Telegraph reported. Paul …