Google loon may leave Sri Lanka, corruption accusation baseless: Harin
Feb 16, 2017 (LBO) – Sri Lanka’s controversial Google loon pilot project may be withdrawn from the country as a result of a spectrum issue with the …
Industry
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Sri Lanka to import 40,000MT of edible oil, Reduce levy on coconut oil
Feb 16, 2017 (LBO) - Sri Lanka's Cabinet has approved to amend the special commodity levy on coconut oil and related products to allow importation of 40,000 …
Sri Lanka senior citizens’ deposits up to Rs1.5Mn to get higher interest
Feb 15, 2017 (LBO) - Sri Lanka's Finance Ministry said that it will increase the upper limit up to 1.5 million rupees for 15 percent special interest paid on …
WFP welcomes Sri Lanka’s national insurance scheme
Feb 15, 2017 (LBO) - Sri Lanka has taken a step forward in its policy making by introducing a national insurance scheme, the World Food Program said. online …
Fitch revises Sri Lanka Insurance & SLT outlook to stable from negative
Feb 14, 2017 (LBO) – Sri Lanka’s Fitch Ratings has revised the outlook on Sri Lanka Insurance Corporation's insurer financial strength rating to stable …
Sri Lanka’s Sampath Bank profits surge 67-pct in Dec quarter
Feb 14, 2017 (LBO) – Shareholder profits at Sri Lanka’s Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter from a year …
DFCC launch ‘Vardhana Sahaya’ with govt initiated ‘Swashakthi’ for small enterprise sector
(PRESS RELEASE) - After six decades of nurturing small and medium businesses to become leading enterprises in their respective sectors, DFCC Bank is pleased …
Governments increasingly using emerging technologies: summit report
Feb 14, 2017 (LBO) - Governments are increasingly incorporating emerging technologies to improve public services, according to a report presented at the recent …
Sri Lanka’s Aitken Spence net up 36-pct in 3Q
Aitken Spence PLC recorded a strong financial performance closing the immediate 9-month period with a 9.9% year-on-year growth in profits before tax amounting …
Japanese company plans to invest USD 1Mn in mini hydro
Feb 13, 2017 (LBO) - Japan's Zero Plus Co. Ltd will invest one million dollars in a 700 kilowatt mini hydro project at Erathna in Ratnapura, TAD Lanka …
Case study of elephant attacks on foreign tourists in Sri Lanka
A Case Study of Wild Asian Elephant Attacks on Foreign Tourists in Sri
Sri Lanka puts in place competitive pricing for medium scale solar
Feb 13, 2017 (LBO) - Sri Lanka’s Power Ministry has decided to put in place a competitive pricing mechanism for medium scale solar power generation …
Sri Lanka’s Vehicle Lanka given approval on legal advice from AG: Fin Min
Feb 13, 2017 (LBO) - Sri Lanka's Finance Ministry says that Vehicle Lanka Pvt Ltd was given permission to engage in assembling of vehicles using spare parts on …
Sri Lanka calls tenders for petroleum development in Mannar Basin
Feb 12, 2017 (LBO) - The Sri Lankan government is inviting expressions of interest for partners to undertake the appraisal and development of gas discoveries …
Mahindra expands business foot print with Ideal Motors Sri Lanka
Mahindra & Mahindra Ltd., a part of the USD 17.8 billion Mahindra Group based in India, today announced that it is set to expand its business footprint in …
Ravi upset over Central Bank leaks, media portrayal
Feb 09, 2017 (LBO) - Sri Lanka's Finance Minister has expressed his concern about the leak of information with regard to closed door meetings at the island's …
Australia’s tourism skills development to start in East
Feb 09, 2017 (LBO) - Under the skills for inclusive growth program Australia will provide around 1.6 billion rupees in aid and technical assistance, to …
Maximum retail price for rice comes into force
Feb 09, 2017 (LBO) – Sri Lanka’s Consumer Affairs Authority has issued maximum retail prices for three varieties of rice while the minister in charge …
Cabinet resolves to increase People’s Bank authorized capital
Feb 09, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to instruct legal draftsman to amend certain sections of People's Bank Act which seeks to …
Ceylon Motor Show 2017 in PICS
Feb 08, 2017 (LBO) - Automotive enthusiasts thronged the BMICH over the last weekend to be a part of the Ceylon Motor Show 2017, Sri Lanka’s single largest …