Sri Lanka introduces welfare register to reduce ‘ghost’ beneficiaries
July 22, 2016 (LBO) – Sri Lanka’s project management and monitoring department with ICTA has prepared a single window for an integrated social welfare …
Industry
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Sri Lanka’s Ceylon Cold Stores net up 56-pct in June quarter
July 22, 2016 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores, which has interests in consumer goods and retailing, surged 56 percent to 855 million …
Anuradhapura North to get water pipelines in Rs32 bln project
July 22, 2016 (LBO) - Sri Lanka's cabinet has approved a water supply project for Anuradhapura North with a 32. buy tadasiva online …
Sri Lanka’s cash-strapped airline may lease four planes to Pakistan
July 21, 2016 (Reuters) – Sri Lanka's cash-strapped national airline is in talks to lease four of its Airbus A330 planes to Pakistan International Airlines …
Malaysia Deputy PM to launch USD30mn lubricant plant in SL
July 21, 2016 (LBO) – Malaysia’s Deputy Premier Ahmed Zahid Hamidi is to visit Sri Lanka today to initiate the ground breaking ceremony of Hyrax Oil Sdn …
PM to use Singapore expertise for Beira Lake development
July 20, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe says the country is looking forward to using Singapore's expertise for the Beira …
China’s Hainan Airlines interested in managing SriLankan: report
July 20, 2016 (LBO) - China’s largest privately-owned air transport firm, Hainan Airlines Company Limited (HNA), is one of the companies interested in …
Sri Lanka’s progress on commitments important for GSP+, euro 210 mn grants: EU
July 20, 2016 (LBO) – European Union has drawn the attention of Sri Lankan officials to the importance of continued positive progress in fulfilling Sri …
Operational aspects more important than startup valuation: Nissanka
July 20, 2016 (LBO) - Operational aspects of startup IT companies are more important than discussions over valuation, a venture capital expert said at a forum …
Sri Lanka’s Tokyo Cement on roadshow with U.S. funds
July 20, 2016 (LBO) - Members of Sri Lankan cement producer Tokyo Cement's (TKYO SL) management team are in the U.S. this week meeting with global investment …
Sri Lanka’s Hayleys acquires Maldivian resort for USD23mn
July 18, 2016 (LBO) – Sri Lanka’s Hayleys PLC has acquired a Maldivian resort named Kudarah Island Resort through their subsidiary Luxury Resort private …
Power Minister legalizes PUCSL regulations on safety of power supply
July 15, 2016 (LBO) – Sri Lanka’s Power Minister has taken steps to legalize the regulations made by the Public Utilities Commission on the safety of power …
Final bids on Yahoo core assets to conclude soon
July 15, 2016 (LBO) - The drawn-out auction for Yahoo's core internet business will soon draw to a close, with final bids for the services, which include …
Sri Lanka imposes maximum price for 16 essential items
July 14, 2016 (LBO) – The controlled prices of 16 essential items were announced by the Minister of Industry and Commerce Rishad Bathiudeen today morning.buy …
Sri Lanka’s BOI and Surbana Jurong in consultancy MOU
Jul14, 2016 (LBO) – Sri Lanka’s Board Of Investment (BOI) is to enter into a MoU with Singapore’s Surbana Jurong with the aim of eventually establishing …
Power Minister appoints committee to probe coal purchases
July 13, 2016 (LBO) – Sri Lanka’s Power Minister on Wednesday appointed a three-member committee comprised of industry experts to look into the alleged …
National Payment Platform gets Sri Lanka’s cabinet approval
July 13, 2016 (LBO) – Sri Lanka’s Cabinet has approved the introduction of a National Payment Platform (NPP) to facilitate digital commerce and online …
Sri Lankan rupee trades weaker ahead of sovereign bond sale
July 11 (Reuters) - The Sri Lankan rupee fell as importers and banks bought dollars, speculating that foreign holders of the country's sovereign debt might …
CEB Engineers’ Union says back and forth on coal vs LNG wasteful
July 11, 2016 (LBO) - The Ceylon Electricity Board Engineers' Union says a continuous “back and forth” on whether to construct further power plants using …