Exporters say suspension of SVAT disincentive to exports
The EASL, whilst understanding the current state of the economy, find this budget is more of a corrective nature. online pharmacy buy diflucan with best prices …
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SL-China trade crosses USD4bn, 93-pct imports from China
Nov 23, 2016 (LBO) – Bilateral trade between Sri Lanka and China has crossed the 4 billion US dollar threshold for the first time last year, the industry and …
Korea Eximbank to establish two vocational training institutes
Nov 23, 2016 (LBO) - The Export-Import Bank of Korea (Korea Eximbank) will support establishing two vocational training institutes in Sri Lanka, namely, …
Sri Lanka condominium developers welcome budget 2017
Nov 22, 2016 (LBO) – Sri Lanka’s Condominium Developers Association which represents the condominium developers in the country has hailed the budget …
Chinese-made city near Singapore to reshape real estate
Nov 22, 2016 (LBO) - A 100 billion dollar Chinese-made city in Malaysia, near the border of Singapore, is set to reshape real estate in the region. Country …
Seylan Bank adds Factoring to portfolio of services
Nov 21, 2016 (LBO) - Seylan Bank says it has added Factoring to its portfolio of services offering a wider choice of working capital financing options. This …
Sri Lanka to finalize Hambantota port deal by next month
Nov 18, 2016 (LBO) – Sri Lanka expects to finalize the deal with regard to the loss-making Hambantota port within three weeks, Ports Minister said. Minister …
Sri Lanka hotels report sharp rate growth of 15 pct: STR
Nov 18, 2016 (LBO) - A study by analytics firm STR shows that Sri Lanka’s hotel market recorded strong performance growth through September 2016, driven by a …
Sri Lanka power regulator worried over delayed power plant construction
Nov 18, 2016 (LBO) – Sri Lanka's Public Utilities Commission has issued a directive to CEB expressing its grave concern over the delay in constructing the …
Sri Lankan real estate sector sees office demand spike: OBG
Nov 18, 2016 (LBO) - The office segment of Sri Lanka’s property market is likely to see rising levels of activity over the next few years, as developers …
Anantaya – Chilaw wins at World Luxury Hotel Awards 2016
(PRESS RELEASE) - Anantaya Resort & Spa – Chilaw did Sri Lanka proud on the global tourism stage, grabbing the Country Award for Luxury Hotel and …
SLT to power Lanka Government Network, LGN 2.0
Nov 17, 2016 (LBO) - Sri Lanka Telecom has been chosen as the total communication service provider and communication infrastructure provider to the Lanka …
Sri Lanka Water Board may incur Rs9bn loss in 2017
Nov 17, 2016 (LBO) –Sri Lanka’s state-owned water supplier has warned that it may suffer from a loss of 9 billion rupees next year if the proposed tariff …
Sri Lanka offers long-term contracts to import refined petro products
Nov 17, 2016 (LBO) –Sri Lanka’s cabinet has granted its approval to offer three longer term contracts to Indian and Singapore companies to purchase refined …
Sri Lanka’s prospects for LNG investment high, especially from Japan: advisory firm
Nov 16, 2016 (LBO) - Sri Lanka's prospects for attracting investments in LNG, power plants, and natural gas infrastructure are good, especially if the island …
EU-Sri Lanka launch EUR 8mn project for SME trade competitiveness
Nov 16, 2016 (LBO) - The European Union has launched a 8 million euro project that will help Sri Lanka increase its small and medium enterprise trade …
Janashakthi reports Profit Before Tax of Rs.894 million in nine months ended 30th September
(PRESS RELEASE) - Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit Before Tax (PBT) of Rs.894 million for the nine months ended …
Sri Lankan market crowded, Asian telcos under pressure in 2017: Fitch
Nov 15, 2016 (LBO) - Sri Lanka continues to be a crowded market with five operators serving a population of 21 million and set for consolidation, Fitch Ratings …
Sri Lanka’s e-commerce industry poised to take off: JLL
Nov 15, 2016 (LBO) – Sri Lanka’s online retail industry growing fast due to lack of physical infrastructure like shops and malls, Jones Lang LaSalle, …
Capitol Developers launch 50-Storey Skyscraper in Uptown Colombo
(PRESS RELEASE) - Capitol Developers Limited of the Sanken Group held the groundbreaking ceremony of its latest 470 apartment twin tower project - Capitol Twin …