China may divest 20-pct of Hambantota port JV within 10 yrs
Mar 22, 2017 (LBO) – China Merchant Port Holdings may divest 20 percent of the initial shareholding of the proposed Hambantota port joint venture within 10 …
Industry
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Lubricant players concerned over duty hike on synthetic lubricants
Mar 22, 2017 (LBO) – Sri Lanka’s lubricant suppliers are starting to pass the tax imposed on synthetic lubricants to end users, the Ceylon Motor Traders …
Lanka Sathosa to open 50 branches next week
Mar 21, 2017 (LBO) - Sri Lanka’s state-owned retail network Sathosa will open 50 branches next week while targeting 500 branches by end of 2017 and then …
Cathay Pacific airline posts first annual loss since 2008
Mar 20, 2017 (LBO) – Hong Kong's flagship carrier Cathay Pacific has reported its first annual loss since 2008 with the airline management blaming weak …
Fairfax consolidates Sri Lanka insurance operations
Mar 20, 2017 (LBO) – Fairfax Financial Holdings Limited (Fairfax) announced that it has successfully completed the amalgamation of Fairfirst Insurance …
Ravi urges investors to make use of opportunities in Sri Lanka: summit
Mar 18, 2017 (LBO) - Sri Lanka offers investment opportunities that provide secure and diverse business options as the country has been achieving economic …
LOLC acquires majority stake in Cambodian microfinance firm
Mar 17, 2017 (LBO) – LOLC Group has acquired 48 percent stake in a micro finance company in Cambodia for 186 million US dollars through LOLC International …
CB directs finance companies to raise core capital by 2021
Mar 17, 2017 (LBO) – Sri Lanka’s central bank has issued directions on the minimum amount of core capital held by Licensed Finance Companies (LFCs) with a …
Sri Lanka BIA runway renovation ahead of schedule
Mar 17, 2017 (LBO) - Sri Lanka's renovation of the Bandaranaike International Airport (BIA) runway is expected to be completed ahead of schedule, the minister …
Electricity revolution on the grid edge: World Economic Forum
Mar 17, 2017 (LBO) - The electricity landscape is a prime example of the Fourth Industrial Revolution as it undergoes a transformation, becoming more complex …
Sri Lanka’s HNB cancels EGM to appoint new director
Mar 17, 2017 (LBO) - Hatton National Bank has said that a scheduled Extra-Ordinary General Meeting (EGM) for March 27, will not be held.online pharmacy …
Amanté launches Spring/Summer 17 collection – PIC’s
(PRESS RELEASE) - Leading intimate apparel label amanté invites every woman to tap into the wanderer within, as it brings its Spring/Summer 2017 collection to …
Microimage opens R&D Centre in Jaffna, plans to draw new talent
Mar 16, 2017 (LBO) - Microimage, one of Sri Lanka's top enterprise software solution companies, has opened a research and development center in Jaffna. "This …
Sri Lanka to purchase petrol, diesel through long-term contracts
Mar 16, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to purchase petrol and diesel through long-term contracts for a period of eight months …
Sri Lanka wants Rs100mn Biotechnology Park in Homagama
Mar 16, 2017 (LBO) – Sri Lanka’s cabinet has agreed to establish the Biotechnology Innovation Park in the Nanotechnology Park in Pitipana, Homagama as a …
Sri Lanka’s Vidullanka to commission Uganda hydropower plant
Mar 15, 2017 (LBO) - Sri Lanka’s Vidullanka, a hydro power firm, will commission the completed 6.5MW mini hydro power plant in Uganda next week. buy lasix …
Commercial Bank postpones approval for rights issue
Mar 15, 2017 (LBO) – Sri Lanka’s Commercial Bank has postponed the date fixed for holding an Extraordinary General Meeting for the purpose of obtaining …
UNDP calls innovators to submit ideas for youth social innovation camp
HackaDev 3.0 – UNDP’s Youth Social Innovation Camp is back, with the aim of facilitating meaningful and sustainable participation of youth to find …
Min Malik Samarawickrama meets EU Trade Commissioner in Brussels
(PRESS RELEASE) - Development Strategies and International Trade Minister Malik Samarawickrama accompanied by Ambassador Rodney Perera met with European …
Sri Lanka’s HNB to halve carbon footprint by 2020 with renewable energy
Mar 15, 2017 (LBO) – Sri Lanka's Hatton National Bank plans to reduce its carbon footprint by half by 2020 through the generation of energy for …