SriLankan Airlines now flies to Visakhapatnam, India
July 07, 2017 (LBO) - SriLankan Airlines said it will commence operations to Visakhapatnam in Andhra Pradesh from Friday. SriLankan Airlines, the largest …
Industry
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JICA provides Rs42bn loan for Kalu Ganga water supply expansion
A concessionary loan agreement for JPY 31,810 million (approx. Rs. 42,307 million) was signed on 7th of July 2017 between the Government of Sri Lanka and Japan …
Sri Lanka tourist arrivals continue to rise, up 4.5-pct in June
July 07, 2017 - Sri Lanka's tourist arrivals were up 4.5 percent to 123,351 in June 2017 from a year earlier, as arrivals continued to rise for the second …
Softlogic Holdings to acquire Suzuki Motors Lanka
July 06, 2017 (LBO) – Softlogic Retail (Private) Limited, a subsidiary of Softlogic Holdings, has entered into a share sale and purchase agreement with …
HNB Rights issue approved by shareholders at the EGM
(PRESS RELEASE) -The Extra Ordinary General Meeting(EGM) held by Hatton National Bank PLC with regard to the issuance of shares by way of a Rights Issue was …
No reason for qualified hoteliers to look for jobs overseas: Amaratunga
July 04, 2017 (LBO) - Sri Lanka's Minister of Tourism Development John Amaratunga says that there is no longer any reason for our qualified hoteliers to look …
China boasts 100 tech unicorns and eight decacorns
July 04, 2017 (LBO) - China now boasts at least 100 tech companies worth over one billion dollars each, called unicorns, and eight companies valued at over 10 …
GSP Plus could add USD350 mln in export revenue, improve FDI: Min
July 03, 2017 (LBO) - GSP plus eligibility could add 350 million dollars in export revenue to Sri Lanka, while increasing potential for FDI, the minister for …
Sri Lanka’s Watawala Plantations to separate tea business
June 30, 2017 (LBO) – Sri Lanka’s Watawala Plantations is planning to set up a separate company relating to the tea business segment of the company by …
Sampath Bank to raise Rs6bn in listed debt; Deshal resigns
June 30, 2017 (LBO) – Sri Lanka’s Sampath Bank plans to raise as much as 6 billion rupees from a sale of debentures which will be quoted on the Colombo …
PUCSL asks power utility to develop 12 new generation scenarios
June 30, 2017 (LBO) - Sri Lanka's Public Utilities Commission of Sri Lanka (PUCSL) has asked the Ceylon Electricity Board (CEB) to submit 12 scenarios which …
Sri Lanka technical interns to be trained in Japan
June 29, 2017 (LBO) – Sri Lanka is to sign a memorandum of understanding with International Manpower Development Organization of Japan (IM Japan) to send …
Siyapatha Finance to raise Rs1bn in listed debt
June 29, 2017 (LBO) – Sri Lanka’s Siyapatha Finance is planning to raise as much as one billion rupees from a public offer of debentures which will be …
Sri Lanka tourism office grades restaurants in Colombo
June 29, 2017 (LBO) – Sri Lanka Tourism Development Authority (SLDA) has launched a project to encourage upgrading of food safety, hygiene and services of …
Asbestos industry warns of economic, social and environmental impact from ban
June 29, 2017 (LBO) – Sri Lanka's Minister of Technology and Research said that he was awaiting reports regarding the safe use of Chrysotile, a type of …
Celogen Lanka opens USD6.6Mn pharmaceutical plant in Pallekelle
June 28, 2017 (LBO) - Celogen Lanka (Pvt) Ltd has opened a new pharmaceuticals manufacturing plant with an investment value of 6.6 million dollars at the BOI …
Sri Lanka’s SAGT goes live with Navis terminal system
June 28, 2017 (LBO) - Navis, a part of Cargotec Corporation, a provider of operational technologies and services across the shipping supply chain, said South …
Ceylinco Life Fund crosses Rs80 bln mark
(PRESS RELEASE) The Life Fund of Ceylinco Life crossed Rs 80 billion in May 2017, making it the fastest-growing Life Fund in the local industry, the life …
Anilana Hotels to sell 51-pct stake to Somap International
June 28, 2017 (LBO) – Sri Lanka’s Anilana Hotels said an international firm Somap International (Private) Limited plans to invest in up to 51 percent of …
Laugfs enters residential apartment development
June 27, 2017 (LBO) – Sri Lanka’s Laugfs Property Developers, a subsidiary of Laugfs Gas PLC, has formed a fully owned subsidiary to undertake residential …