Sri Lanka’s Fin Min to release Rs4bn for Golden Key depositors
Oct 27, 2016 (LBO) –Sri Lanka’s cabinet has approved a proposal to release an advance of 4.05 billion rupees to the Central Bank in order to pay the …
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Dusit Thani Sri Lanka promote real estate invetment in Australia
Colombo, 25 October 2016 - Dusit Thani Sri Lanka, Beachfront Balapitiya recently hosted ‘Australia Showcase 2016’ for Sri Lankan-Aus society crème de la …
World’s oldest working full-rigged ship arrives in Sri Lanka
Oct 26, 2016 (LBO) - The world’s oldest working full-rigged ship with 27 sails, SS Sørlandet from Norway, has arrived in Colombo. The ship is on a two-year …
Sri Lanka appoints committee to look at Norochcholai issues
Oct 25, 2016 (LBO) – Sri Lanka's power regulator, the Public Utilities Commission, has appointed another three member committee to investigate the recent …
Opinion: IT security for your enterprise, have you got it all covered?
By Dimuthu Leelarathne, director of solutions architecture at WSO2 Cyber security and the resultant risks, if not addressed properly, was a hot topic in …
Sri Lanka’s Commercial Bank listed debenture oversubscribed
Oct 24, 2016 (LBO) – Sri Lanka’s Commercial Bank said a listed debt offer for seven billion rupees had been oversubscribed Monday and is closing on the …
Sri Lanka introduces electronic card to charge electric vehicles
Oct 24, 2016 (LBO) – Sri Lanka’s Power Ministry has introduced a new rate structure and an easy-to-use electronic card when charging electric vehicles. As …
First blockchain trade in cotton from Texas to China
Oct 24, 2016 (LBO) - Australia's Commonwealth Bank and Wells Fargo have used blockchain, the technology behind the digital currency bitcoin that can secure …
Strong growth for Sri Lankan telcos, despite higher taxes: Fitch
Oct 21, 2016 (LBO) - Fitch Ratings said Sri Lanka Telecom rating of B+/Negative/AAA(lka)/Stable and Dialog Axiata PLC AAA(lka)/Stable will remain steady …
Opinion: Is electricity from Norachcholai coal power plant cheap?
By Vidhura Ralapanawe CEB (and the CEBEU) has been touting a cost of 5-6 Rupees for Norachcholai, saying that it is cheap. PUCSL approves the CEB's bulk supply …
Ceylon Chamber welcomes relaxing export proceeds rule
Oct 20, 2016 (LBO) – Ceylon Chamber of Commerce has welcomed the move to ease the rule on repatriation of export earnings, increased from the earlier 90 days …
Commercial Bank honoured in USA& Hong Kong
(PRESS RELEASE) - As the financial year draws to a close, the Commercial Bank of Ceylon has been presented with two more significant global awards in …
Sri Lanka to regulate petroleum industry through PUCSL
Oct 19, 2016 (LBO) - Sri Lanka’s cabinet has approved appointment of the Public Utilities Commission as the regulator of the petroleum industry. "The …
Sri Lanka to conduct feasibility studies for 5 LRTs excluded by JICA
Oct 19, 2016 (LBO) – Sri Lanka’s cabinet has approved conducting of detailed feasibility studies for five remaining light railway transits (LRTs) with an …
Sri Lanka’s HNB to raise Rs6bn from listed debenture
Oct 19, 2016 (LBO) – Sri Lanka’s Hatton National Bank is to raise 6. buy antabuse online …
RIU Investor roadshow London 2016 holds session at the High Commission
(PRESS RELEASE) - The RIU (Research Intelligence Unit) Investor Forum, geared towards facilitating cross border investment between Sri Lanka and the United …
Sri Lanka’s power users to be compensated for damages: PUCSL
Oct 19, 2016 (LBO) - Sri Lanka's electricity consumers will be compensated for the damages to equipment due to abnormal voltages and phase reversals in the …
SriLankan Airlines bans Samsung Note 7 on all aircraft
Oct 18, 2016 (LBO) – Sri Lanka's national carrier, SriLankan Airlines has imposed a total ban on the carriage and usage of ‘Samsung Note 7’ on board the …
European Council President pledges to support Sri Lanka GSP+
Oct 18, 2016 (LBO) – European Council President has pledged to Prime Minister Ranil Wickremesinghe the fullest support to regain the GSP+ concessions for Sri …
Sri Lanka’s Power Ministry releases reduced power cut schedules
Oct 18, 2016 (LBO) – Sri Lanka’s Power Ministry has released new power cut schedules after the initial 3.5 hours power cut was reduced to 1.5 hours power …