Infrastructure: Sri Lanka’s ministries should be aligned to be more effective
Sep 30, 2016 (LBO) – Sri Lanka's budget allocations for national road development are high, but it needs to be attuned to needs, and ministries should be …
Industry
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Sri Lanka’s Central Bank allows foreign investors full control: CIFL
Sep 29, 2016 (LBO) – Sri Lanka’s troubled Central Investment and Finance Company says the Monetary Board has assured that investors would get 100 percent …
Sri Lanka lube market grows 6.8-pct in 2015: report
Sep 29, 2016 (LBO) - Sri Lanka's lubricant market has grown by 6.8 percent to 23.4 billion rupees in 2015, with 10.1 percent growth in automotive and 7.7 …
One in four Sri Lankan households own a computer: survey
Sep 29, 2016 (LBO) - At least one computer is available in 24 percent of households in Sri Lanka, in urban as well as rural areas, the Department of Census and …
Blackberry ends manufacture of iconic smartphone
Sept 29, 2016 (LBO) - BlackBerry says it will no longer manufacture the iconic smartphone and will instead outsource the function to partners. online pharmacy …
Sri Lanka’s Fitch places Distilleries on rating watch negative
Sept 28, 2016 (LBO) – Sri Lanka’s Fitch Ratings has placed Distilleries Company’s national long-term rating of 'AAA(lka)' on rating watch negative …
US based BlackRock shows interest in Srilankan airlines: Minister
Sep 28, 2016 (LBO) - Two global investment managers, US based BlackRock and TPG Capital, have shown interest in crisis-hit SriLankan Airlines which is looking …
Indian Minister says “not bitter” over Sampur, will look at LNG option
Sep 28, 2016 (LBO) - India has had “no bitter experience” and will not be pulled back by the halting of the Sampur coal power plant and will engage with …
Cinnamon Life launch second residential tower ‘The Suites at Cinnamon Life’
(PRESS RELEASE) - Sri Lanka’s most iconic mixed development project, Cinnamon Life, announced the launch of ‘The Suites at Cinnamon Life’, the second …
Sri Lanka’s Citrus Leisure proposes to restructure group
Sep 27, 2016 (LBO) - Sri Lanka’s Citrus Leisure has proposed restructuring its group subject to the relevant regulatory approvals, the company said in a …
Sri Lanka attracts major container ship MSC Maya to Colombo
Sep 27, 2016 (LBO) – Sri Lanka’s Colombo International Container Terminal (CICT) attracted one of the largest container ships in the world ‘MSC Maya’ …
Infrastructure: Sri Lanka Megapolis development on right track, says UDA DG
Sept 27, 2016 (LBO) - Sri Lanka is pushing ahead with ambitious Megapolis development plans keeping in mind the need to strengthen public sector capacity, a …
SriLankan Airlines adds Lahore as 100th destination
Sep 27, 2016 (LBO) - SriLankan Airlines said they would commence services between Lahore in Pakistan and Colombo from 27th September 2016, to enhance its focus …
Sri Lanka’s Commercial Bank kicks off operations in Maldives
Sep 26, 2016 (LBO) - Sri Lanka’s Commercial Bank of Ceylon today started operations of its subsidiary in Male, Maldives, the bank said in a stock exchange …
Finance Ministry says merchants will pay lower VAT despite hike
Sep 26, 2016 (LBO) - Sri Lanka's Finance Ministry says retail and wholesale merchants will have to pay a lower VAT payment than expected despite the rate hike …
Sri Lanka eyes FTA and increased funding from South Korea
Sept 26, 2016 (LBO) – Sri Lanka is interested in entering into a Free Trade Agreement with South Korea in the future, a senior minister revealed. online …
Infrastructure: Friction free inter-agency cooperation key, says PUCSL DG
Sep 26, 2016 (LBO) – Sri Lanka needs mechanisms and skills to manage multiple agency involvement in order to ensure the proper and timely implementation of …
Overseas Realty to raise Rs7.3bn in rights issue for Havelock City
Sept 26, 2016 (LBO) – Sri Lanka’s Overseas Realty is to raise 7.3 billion rupees by way of a rights issue, the company said in a stock exchange filing. The …
Sri Lanka’s Mattala international airport gets seven expressions of interest
Sept 26, 2016 (LBO) - The Mattala Rajapaksa International Airport (MRIA) has received seven offers for EOIs from mainly European-based aviation related firms, …
ADB to give Sri Lanka USD24.2Mn for transport feasibility studies
Sep 23, 2016 (LBO) - The Asian Development Bank (ADB) will help Sri Lanka prepare studies and designs for new road, railway, and port projects to assure the …