Sri Lanka’s Cabinet writes off Hyatt Regency in Hambantota
Aug 18, 2016 (LBO) - Sri Lanka's Cabinet has approved shifting four billion rupees allocated for the Hyatt Regency project in Hambantota to the Grand Hyatt …
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Sri Lanka wants 20 pct of consumers to produce solar power: Cabinet
Aug 18, 2016 (LBO) - Sri Lanka's Cabinet has approved promoting solar power on the roofs of homes so that at least 20 percent of consumers produce electricity. …
Ceylon Chamber calls for private sector input on FTAs
Aug 18, 2016 (LBO) - With the Sri Lankan government working towards a series of Free Trade Agreements (FTAs), the Ceylon Chamber of Commerce has called for …
Sri Lanka’s Amana Takaful Life to list on Thursday
Aug 16, 2016 (LBO) – The shares of Amana Takaful Life Limited will be listed on the Colombo Stock Exchange on Thursday, the company said in a stock exchange …
Sri Lanka’s LOLC June net up 26-pct amid growing incomes
Aug 16, 2016 (LBO) – Sri Lanka’s LOLC group, which has interests in financial services, insurance, plantations, trading and leisure, said net profit for …
Sri Lanka vehicle registrations fall further in July: JB Securities
Aug 16, 2016 (LBO) - Sri Lanka vehicle registrations in July fell in almost every category compared with June, JB Securities said in a research note. Buses and …
China to set up canned fish, gem and jewelry firms in Hambantota
Aug 16, 2016 (LBO) - Chinese firms have shown keen interest in setting up tinned fish, and gem and jewellery enterprises in a proposed special industrial zone …
Sri Lanka Telecom profit down 38-pct in June quarter
Aug 16, 2016 (LBO) - Sri Lanka Telecom, the island's largest telcos profits fell 38 percent to 1.buy zoloft online buy zoloft online no prescription 09 billion …
Gemfields UK calls EOIs for Sri Lankan gem supply chain
Aug 15, 2016 (LBO) - Gemfields, a United Kingdom based supplier of coloured gemstones, through its subsidiary Ratnapura Lanka Gemstones is inviting expressions …
LSE business division to open HQ in Sri Lanka soon
Aug 15, 2016 (LBO) – London Stock Exchange Group’s Business Services division (LSEG BSL) will soon open its new headquarters in the historic Expert City …
Sri Lanka to Host Asia Hotel and Tourism Investment Conference
Aug 15, 2016 (LBO) - Sri Lanka, one of the top two emerging hotel and resort markets in Asia, is to host the first Asia Hotel and Tourism Investment Conference …
Auxenta wins the Best Startup of the Year award
(PRESS RELEASE) - We are delighted to announce that Auxenta has been awarded the "Best Startup of the Year 2016" by CSSL – Computer Society of Sri Lanka. …
Virtusa Announces First Quarter 2017 Consolidated Financial Results
(PRESS RELEASE) - Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology …
Norwegian research vessel to assess Sri Lankan marine stocks in 2017
Aug 15, 2016 (LBO) – Norwegian funded research vessel is to visit Sri Lankan waters next year to carry out a marine stock assessment, Norwegian Prime …
Sri Lanka blocks sale of freehold land in USD1.4 bln Chinese deal
Aug 15, 2016 (LBO) - Sri Lanka's government on Friday agreed a new version of its $1.4 billion real estate agreement with China after changing the terms and …
Aitken Spence records 31-pct top line growth in Q1
Reflecting top line growth across all sectors – tourism, maritime and logistics, strategic investments and services; leading blue chip - Aitken Spence PLC …
Commercial Bank carries solid growth momentum into 2nd quarter of 2016
The Commercial Bank of Ceylon has extended its growth momentum into the second quarter of the year to record robust performance indicators for the six months …
Sri Lanka’s Ceylon Tobacco unit profits flat in June quarter
Aug 12, 2016 (LBO) – Profits at Ceylon Tobacco, a unit of British American Tobacco, rose one percent to 3.0 billion rupees in the June quarter, interim …
SLT gets full landing status for SEA-ME-WE 5 in Matara
Aug 12, 2016 (LBO) - Telecommunications and ICT solutions provider, Sri Lanka Telecom PLC (SLT), says it has gained full landing status of SMW5 Cable Station …
Sri Lanka gets USD128mn ADB loan for water and waste water management
Aug 11, 2016 (LBO) - The Asian Development Bank (ADB) will give a 128 million US dollar loan for a greater Colombo water and wastewater management improvement …