Sri Lanka’s Mattala International Airport feasibility cost just Rs1mn: Harsha
Sept 23, 2016 (LBO) – Sri Lanka’s previous administration has spent only one million rupees for the feasibility study of the Mattala International Airport, …
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Infrastructure: Sri Lanka should rethink housing for urbanizing population
Sep 23, 2016 (LBO) - Sustainable city development will need to entail alternative housing for urban poor as they are service providers for city dwellers, …
Sri Lanka’s CIFL awaits response from German investor for bailout
Sept 23, 2016 (LBO) – Sri Lanka’s troubled Central Investment and Finance Company says they are awaiting a response from a prospective German investor …
High costs, duties slow Sri Lanka’s solar energy drive
COLOMBO (Thomson Reuters Foundation) - An ambitious plan by the Sri Lankan government to outfit 100,000 homes with solar panels, to turn them into power …
Germany to get first zero-emission hydrogen-powered train
Sept 22, 2016 (LBO) - The world's first CO2-emission-free train powered by hydrogen has been unveiled at the Berlin InnoTrans trade show and is due to start …
Infrastructure: Port city to transform Colombo, boost facilities
Sep 22, 2016 (LBO) – Sri Lanka’s planned Port City project says its vision is to offer a modern and sustainable lifestyle without comprising services …
Yacht operator says Merchant Shipping blocks business
Sept 21, 2016 (LBO) – Sri Lankan Aggressor, a yacht named after the island, has been blocked by the Secretariat of Merchant Shipping from registering pending …
Summit: Office space in Colombo to quadruple with Port City
Sept 21, 2016 (LBO) – Sri Lanka’s capital Colombo office space will quadruple after the completion of the ongoing Port City development project, a Port …
Sri Lanka committee to look in to Norochcholai environmental issues
Sep 21, 2016 (LBO) - Sri Lanka’s Public Utilities Commission (PUCSL) has appointed a 7 member committee to look at the environmental damage allegations that …
Commercial Bank launches new series of ‘Cash Deposit & Withdrawal’ machines
(PRESS RELEASE) - The Commercial Bank of Ceylon has launched a new generation of machines that offersseveral new advancements on the standard ATMs and deposit …
Clearpoint Residencies structural work complete, ready for occupation 2017
Maga Engineering, announced that it has completed the building structure of its flagship residential project, the 48-storey Clearpoint Residencies, set to be …
Sri Lanka should add 1275MW to grid by 2020: PUCSL
Sep 19, 2016 (LBO) - Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has given the nod for the Ceylon Electricity Board’s (CEB) to add …
London Stock Exchange fills 100 tech jobs in Sri Lanka
Sept 19, 2016 (LBO) – London Stock Exchange Group said its Business Services division (LSEG BSL) in Sri Lanka has completed the first stage of its set-up …
Textured Jersey executives meet investment funds in U.S.
Sept 19, 2016 (LBO) - Textured Jersey Lanka PLC executives Moiz Rehmanjee and Rodney Arland were in the U.S. last week to meet global investment funds, as part …
Sri Lanka vehicle registrations rebound from July lows: JB
Sept 19, 2016 (LBO) - Sri Lanka vehicle registrations saw a rebound in August from the July lows in the categories of small cars, three-wheelers, two-wheelers …
SriLankan Air bans use and charging of Samsung Galaxy Note7
Sept 15, 2016 (LBO) - SriLankan Airlines says it has completely banned the use or charging of Samsung’s latest Galaxy Note7 smartphone on board all its …
Sri Lanka introduces contributory pension scheme for artists
Sept 15, 2016 (LBO) – Sri Lanka’s government has allocated 15 million rupees to form a contributory pension scheme for 327 artists, as an initial phase of …
Vitol to be reinstated if guidelines met: Petroleum Min
Sept 14, 2016 (LBO) - Sri Lanka's Petroleum Minister Chandima Weerakkody said Vitol, the world's largest oil trading firm, will be reinstated as a supplier if …
Sri Lanka fuel pricing formula accepted in principle: minister
Sept 14, 2016 (LBO) - A proposal for automatic fuel pricing has been accepted in principle, Sri Lanka's Petroleum Minister Chandima Weerakkody said on …
LankaPay says USD Online crosses Rs. 1.8bn mark
Sep 14, 2016 (LBO) - Payment network LankaPay says they will continue to expand services towards better financial inclusivity and is keen on expanding their …