Sri Lanka’s Elephant House pours soft drinks into Europe
Oct 07, 2016 (LBO) – Sri Lanka's iconic Elephant House has signed up with a UK-based bottling facility for the production of 1. online pharmacy buy strattera …
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Sri Lanka to build 100,000 bpd refinery with India
NEW DELHI, Oct 6 (Reuters) - Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, …
Sri Lanka’s Seylan Bank to raise Rs5bn from listed debenture
Oct 06, 2016 (LBO) – Sri Lanka’s Seylan Bank is to raise 5.0 billion rupees from a listed debenture issue, the bank said in a stock exchange filing. The …
Universal Robots Denmark launches first collaborative robot in Sri Lanka
The pristine island of Sri Lanka with its serene Buddhist culture will make-way for a technology pit-stop for one of the world leaders in the concept of …
Colombo Fort pavement hawkers to be relocated to new building
Oct 06, 2016 (LBO) – The Megapolis Ministry has received cabinet approval to relocate pavement hawkers and shops in the Colombo Fort area. It was proposed to …
Coal carrier Ceylon Princess arrives in Sri Lanka
Oct 06, 2016 (LBO) - Sri Lanka’s Ceylon Shipping Corporation (CSC) has taken delivery of its second newly built bulk carrier for the transportation of coal …
CEB to borrow USD150mn from ADB with treasury guarantee
Oct 05, 2016 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board is to borrow 150 million US dollars from ADB through a treasury guarantee for the …
SriLankan Airlines says loss reduced, six A320s on the way
Oct 05, 2016 (LBO) - SriLankan Airlines said in the financial year ending 31st March 2016, the airline recorded a reduced loss of 9.03 billion rupees, which …
SriLankan to lose USD47mn during BIA runway repair
Oct 05, 2016 (LBO) - SriLankan Airlines said that they would incur a revenue loss of 47 million US dollars due to the closure of Colombo’s Bandaranaike …
SriLankan Airlines adds new routes Jakarta, Gan Island
Oct 05, 2016 (LBO) - SriLankan airlines said in a bid to boost regional routes and higher profits it will add Jakarta in Indonesia and Gan Island in Maldives …
Sri Lanka tourist arrivals grow 3.6 pct in September
Oct 05, 2016 (LBO) – Tourist arrivals to Sri Lanka rose 3.6 percent in September to 148,499 visitors compared with the same month last year, official data …
UNDP signs Rs20 mln biogas agreement with Kaduwela MC
Oct 04, 2016 (LBO) - The United Nation Development Programme (UNDP) entered into its first government co-financed project with the Kaduwela Municipal Council …
The RIU investor roadshow London 2016 kick-off
(PRESS RELEASE) - The RIU Investor roadshow in London 2016 kicked off on Saturday at the Sri Lankan Medical and Dental Association Dinner dance which was held …
Sri Lanka’s John Keells Holdings gets Dialog’s Hans on board
Oct 04, 2016 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings said Dialog Group Chief Executive Hans Wijayasuriya has been appointed to …
SriLankan Airlines cancels Airbus deal with USD98 mln penalty
Oct 04, 2016 (LBO) - An order for four A350 aircraft that SriLankan Airlines was to take delivery of in 2016-2017 would be cancelled, the Finance Minister said …
Sri Lanka’s Power Ministry rules out electricity tariff increase
Oct 04, 2016 (LBO) – Sri Lanka’s Power Ministry has informed the Public Utilities Commission that they are not expecting to increase electricity tariffs to …
Sri Lanka’s CEB proposes tariff increase or subsidy to cover revenue gap
Oct 03, 2016 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has proposed that the power regulator approves a uniform tariff or a subsidy through …
PwC and SLASSCOM join hands to empower startups in Sri Lanka
In a joint effort to empower startups in the country, PwC Sri Lanka has joined hands with SLASSCOM (Sri Lanka Association for Software and Services Companies) …
Himalaya launches direct flights between Kathmandu – Colombo
Oct 03, 2016 (LBO) – Himalaya Airlines, a Nepal-China Joint Venture Airline, has conducted its maiden commercial flight from Kathmandu to Colombo on 1st …
SriLankan Airlines renegotiates A350 contracts: report
Oct 03, 2016 (LBO) - National carrier SriLankan Airlines has re-negotiated the termination of three A350 Airbus lease contracts with airline leasing company …