DFCC subscribes to Commercial Bank rights issue in full
June 14, 2017 (LBO) – Sri Lanka’s DFCC bank on Tuesday said it subscribed to the recent rights issue of Commercial Bank in full. online pharmacy buy …
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SriLankan Airlines adds three Indian cities to route network
Jun 13, 2017 (LBO) - SriLankan Airlines will further strengthen its presence in India with the launch of services to three more cities – Hyderabad, …
Super luxury Majestic Princess calls at Colombo port
Press Release: M.V. Majestic Princess the newest sister ship to Royal Princess and Regal Princess made her maiden call at the Port of Colombo today (12th June …
Expolanka’s EFL adds more international expertise
Jun 13, 2017 (LBO) - Leading logistics provider EFL announced the appointment of three new independent directors to its international board as part of its …
Odel and Softlogic brands buys space in Colombo City Centre
Jun 13, 2017 (LBO) – Sri Lanka's Odel Plc and subsidiary Softlogic brands said it acquired 39,560 square feet of space in Colombo City Centre Mall, a …
DFCC introduces Oracle budgeting cloud service, 1st time in ASEAN region
DFCC Bank and Synapsys along with their partner Oracle recently launched the Oracle Planning and Budgeting Cloud Service together with a Customer Profitability …
600 mobile patrols to apprehend Sri Lanka lane law offenders
June 12, 2017 (LBO) - Six hundred mobile patrols will be deployed on the roads of Colombo to apprehend drivers who break lane laws, the Police said. City …
Former Sri Lankan president warns don’t be misled by GSP+ benefits
June 12, 2017 (LBO) - Sri Lanka's former president Mahinda Rajapaksa says fulfilling the conditions to qualify for GSP+ could cause permanent damage to a …
Advantis Projects Bridges the Logistics Gap for Sri Lanka’s Energy Growth
(PRESS RELEASE) - As a nation focused on development and in the midst of transitioning from a lower middle income country to an upper middle income country it …
ADB grants USD2 mln as flood relief aid to Sri Lanka
June 09, 2017 (LBO) - The Asian Development Bank (ADB) has approved a two million dollar grant to finance relief efforts in Sri Lanka following the recent …
Sri Lanka to sign Strategic Economic Partnership with Thailand in August
June 09, 2017 (LBO) - Sri Lanka and Thailand has come to a consensus on a trade in goods Free Trade Agreement before it signs a Strategic Econ Partnership in …
Sri Lankan banks likely to come under capital pressure from Basel III: Fitch
Jun 07, 2017 (LBO) - Sri Lankan banks are likely to come under increased capital pressure from Basel III-related requirements, Fitch Ratings said in a …
Sri Lanka seeks more air connectivity with Gulf region
June 07, 2017 (LBO) – Sri Lanka wants to improve its air connectivity with Gulf countries in order to mitigate the effects of the break off of air …
Sri Lanka cabinet approves Rs5bn capital infusion to People’s Bank
June 07, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to infuse 5 billion rupees to state-owned People's Bank in order to comply with new …
Sri Lanka tourist arrivals down in May 2017 impacted by weather
Jun 07, 2017 (LBO) - Sri Lanka's tourist arrivals were down 2. online pharmacy buy strattera with best prices today in the USA 5 percent to 121,891 in May, …
Saudi Fund for Development to provide credit for Sri Lankan importers
Jun 07, 2017 (LBO) - The Saudi Fund for Development is looking to provide credit facilities for Sri Lankan firms to import raw materials from Saudi Arabia. …
Sri Lanka to develop railway with USD 318mn credit line from India
June 06, 2017 (LBO) - Sri Lanka's Finance Ministry has signed an agreement with the Indian government to receive a US 318 million dollar line of credit …
SriLankan Airlines says flights not affected to Doha, Qatar
June 06, 2017 (LBO) – SriLankan Airlines on Tuesday stated that their flights to Qatar are not affected by diplomatic tensions in the region, though the …
Hilton to open 140-room resort in Weerawila, Sri Lanka
June 06, 2017 – Hilton signed a management agreement with KDU Adventures (Pvt) Ltd, a subsidiary of KDU Group, to manage the 140-room DoubleTree by Hilton …
Korean Government approves USD200mn for Kandy tunnel
June 06, 2017 (LBO) – The Ministry of Strategy and Finance of Korea has approved 200 million US dollars for the Kandy tunnel construction project, Korean …