Sri Lanka benchmarked among 55 tech ecosystems: ICTA
Apr 05, 2017 (LBO) – Sri Lanka has been benchmarked among 55 technology startup ecosystems in the Global Startup Ecosystem Report 2017, the island’s ICT …
Industry
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Agalawatte Plantations to take legal action against previous management
Apr 04, 2017 (LBO) – Sri Lanka’s Agalawatte Plantations has resolved to take legal actions against the previous management shortly to recover the funds …
Australia, Sri Lanka to collaborate on natural resources, survey of minerals
(PRESS RELEASE) - Sri Lanka's Deputy Minister Harsha de Silva, on a visit to Australia last week on an invitation extended by the Australian Government under …
Sri Lanka’s RIL Property Rs960mn IPO oversubscribed
Apr 04, 2017 (LBO) – An initial public offering of 120 million ordinary shares by RIL Property Limited to raise 960 million rupees was oversubscribed within …
Sri Lanka calls for public comments on national energy policy
Apr 04, 2017 (LBO) – Sri Lanka’s energy ministry has invited all stakeholders to study the draft National Energy Policy & Strategies and provide their …
Sri Lanka’s Merchant Bank to raise Rs2bn in listed debenture
Apr 03, 2017 (LBO) – Merchant Bank of Sri Lanka and Finance is planning to raise as much as two billion rupees from a sale of debenture which will be quoted …
Sri Lanka explores Digital Identity Council for citizen data
Mar 31, 2017 (LBO) – Sri Lanka seeks to establish a Digital Identity Council to implement the national policy on collection, storage, sharing and use of …
Sri Lanka railway to provide backpacker tourist accommodation
Mar 31, 2017 (LBO) – Sri Lanka's Tourism Development Authority together with the Railway Department will explore providing tourist accommodation to budget …
Sri Lanka to receive Yen grant for Trinco port development
Mar 30, 2017 (LBO) – Sri Lanka’s Prime Minster is to sign exchange of notes for a grant assistance of one billion yen (1.3 billion rupees) from Japan for …
Sri Lanka to build two luxury hotels at Katunayake Airport
Mar 30, 2017 (LBO) – Sri Lanka’s cabinet is expected to approve a proposal to lease out two blocks of land at the Katunayake International Airport to build …
Sri Lanka Finance minister meets Commonwealth Secretary General Patricia Scotland
(PRESS RELEASE) - A meeting between Commonwealth Secretary General Patricia Scotland and Finance Minister Ravi Karunanayake was held recently. The meeting …
SriLankan still looking for takers in restructuring: Hashim
Mar 29, 2017 (LBO) - Sri Lanka's Minister of Public Enterprise Development Kabir Hashim says that although TPG is a preliminary bidder for the restructuring …
Sri Lanka’s high end commercial property to narrow the gap with demand: RIU
Mar 29, 2017 (LBO) - Sri Lanka's Research Intelligence Unit (RIU), a real-estate advisory firm, says Grade A commercial property developments over the next …
Sri Lanka Visa payments grew 22-pct in 2016
Mar 28, 2017 (LBO) – Sri Lankan market has showed 22 percent growth in Visa payment volumes last year, according to VisaNet Data, along with a 61 percent …
Sri Lanka drafting new immigrants and emigrants law
Mar 27, 2017 (LBO) – Sri Lanka is drafting a new immigrants and emigrants law to comply with developments in the international environment and the island’s …
AI and automation is changing labour landscape: Marc Benioff
Mar 27, 2017 (LBO) - Every individual, business, industry and government is being impacted by breakthroughs in computing power, connectivity, artificial …
VirtusaPolaris continues investment in “Future Architects” program
Mar 27, 2017 (LBO) - VirtusaPolaris, a worldwide provider of information technology consulting and outsourcing, said it recently inducted a second batch of …
Sri Lanka awards long awaited Bandaranayke Airport duty free tender
The Ministry of Transport and aviation has successfully concluded the Core Category Duty Free tender for the Prestigious Bandaranayke International Airport …
Loans for domestic solar panels extended to all consumers
Mar 23, 2017 (LBO) – Sri Lanka’s power ministry will extend the loan scheme for the installation of domestic solar panels to all electricity consumers in …
Comm Bank named Best Bank in Sri Lanka for 18th time by Global Finance
(PRESS RELEASE) The Commercial Bank of Ceylon has been named Sri Lanka’s Best Bank in 2017 by USA-based Global Finance, giving the Bank its third …