Online property searches in Colombo up 28-pct in Q1: Lamudi
May 02, 2017 (LBO) – Property portal Lamudi’s real estate market report on Sri Lanka says that there is a 28 percent increase in searches for property in …
Industry
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Sri Lanka makes use of generators in factories compulsory
May 02, 2017 (LBO) – Sri Lanka’s Power Ministry has made it compulsory to use generators in factories from today for the next four days due to a shortage …
John Keells to encourage innovators with Open Innovation Challenge
May 02, 2017 (LBO) - Sri Lanka's blue chip John Keells Holdings plans to boost local creative and intellectual talent with the launch of its second John Keells …
Sri Lanka vehicle registrations rebound to 39,173 units in March: JB Securities
May 02, 2017 (LBO) - Total vehicle registrations in Sri Lanka recorded 39,173 units in March, significantly up from 30,036 the previous month, with a rebound …
PUCSL discusses environmental concerns with Norochcholai communities
Apr 28, 2017 (LBO) - Sri Lanka's power regulator said that discussions are ongoing with communities that have raised concerns over the environmental impact of …
Sri Lanka’s HNB to strengthen balance sheet with rights issue
Apr 28, 2017 (LBO) – Sri Lanka’s Hatton National Bank is to issue up to 70,082,228 new ordinary shares by way of a rights issue, the company said in a …
Next IMF tranche by June, reserves comfortable by year end: Ravi
Apr 27, 2017 (LBO) - Sri Lanka's Finance Minister said he was optimistic about talks on reaching a staff level agreement with the International Monetary Fund …
China Heavy Machinery Corp to carry out water, sewerage feasiblity
Apr 27, 2017 (LBO) – China Heavy Machinery Corporation is to carry out a feasibility study to identify and implement a reliable water and sewerage sector …
Sri Lanka to extend Priority Bus Lanes to reduce congestion
Apr 27, 2017 (LBO) – Sri Lanka’s Megapolis Ministry has decided to expand the Priority Bus Lane concept to reduce traffic congestion in Colombo. Allocation …
Higher growth for Sri Lanka will depend on addressing structural issues: CB
Apr 27, 2017 (LBO) - Sri Lanka's economic performance in 2016 reconfirmed the necessity of addressing deep rooted structural issues, in order to enable the …
Rain and fire threatens Meethotamulla, rehabilitation plans in place
Apr 27, 2017 (LBO) - Rains expected in May and an outbreak of fire still remain as threats to the hundreds of tonnes of rotting garbage piled up near Sri …
Asia Capital, Japan’s Belluna embark on USD 54Mn venture
Apr 26, 2017 (LBO) - Japanese firm Belluna Co. Ltd and Asia Capital PLC celebrated the groundbreaking ceremony of their joint venture on a US 54 million …
LBR LBO Brand Summit 2017: Building Breakthrough Brands in the Post-Marketing Age
Apr 26, 2017 (LBO) - Senior thought leaders from Sri Lanka and abroad will speak on “Marketing is Dead, Now What? – Building Breakthrough Brands in …
Lanka Bell, IBM to accelerate cloud adoption in Sri Lanka
Apr 25, 2017 (LBO) - IBM will collaborate with Lanka Bell to provide enterprises, start-ups, developers and government bodies cloud services via the IBM Cloud, …
Sri Lanka seeks to carve out niche in medical tourism: OBG
Apr 25, 2017 (LBO) - Rising numbers of tourists from abroad and a state-led campaign to expand medical tourism could attract further investment to Sri …
Petroleum union negotiations successful, strike called off
Apr 25, 2017 (LBO) - The Ceylon Petroleum Corporation (CPC) unions called off their strike late on Monday following successful discussions with Sri Lanka's …
Hilton group officials meet Finance Minister in Washington
Apr 24, 2017 (LBO) – Following the landmark deal by Hilton to manage six more hotels in Sri Lanka, senior management of Hilton recently met visiting Finance …
CICT attracts first new service to Colombo from Ocean Alliance
(PRESS RELEASE) - Colombo International Container Terminals (CICT) recently welcomed the maiden call of CMA CGM Nabucco, the first vessel under the Ocean …
WB and IMF to send team for solid waste management
Apr 24, 2017 (LBO) - World Bank and the International Monetary Fund have agreed to send a special team to the island to inspect solid waste management, the …
Fairway Waste Management says processing facility on schedule
Apr 24, 2017 (LBO) - Fairway Waste Management said its solid waste processing facility, being built in Colombo, was an important step taken recently to tackle …