Japan provides Rs2.4bn aid for Sri Lanka’s maritime safety
July 01, 2016 (LBO) – The Japanese government has granted 1,830 million Japanese Yen (Rs2.4bn) to Sri Lanka for the implementation of a maritime safety …
Industry
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Hans Wijayasuriya wins outstanding Asia mobile contribution award
July 01, 2016 (LBO) - Hans Wijayasuriya, group CEO of Axiata Dialog and the regional CEO for South Asia, Axiata Group, has won the Outstanding Contribution to …
CICT launches country’s first mobile app to track movement of containers
A new level of convenience and sophistication has been introduced to keeping track of containerised cargo by Colombo International Container Terminals (CICT) …
Cabinet approves emergency response centre for new ambulance service
June 29, 2016 (LBO) – The cabinet of ministers has approved a proposal to set up an emergency response centre with 1990 toll free number for the earlier …
Cabinet approves construction of LRT after JICA feasibility study
June 29, 2016 (LBO) – The cabinet nod has been given to obtain JICA assistance to conduct a feasibility study and immediately commence the construction of …
Millennium Challenge Corp looks at Sri Lanka for fund program
June 29, 2016 (LBO) – The Millennium Challenge Corporation (MCC) is currently evaluating Sri Lanka for a threshold program that can potentially unlock …
Samantha Ranatunga to head CCC for second consecutive year
June 29, 2016 (LBO) – Shareholders of the Ceylon Chamber of Commerce reappointed Samantha Ranatunga as its Chairperson for a second consecutive year. The …
Sri Lanka’s Seylan Bank to raise Rs5bn in listed debt
June 28, 2016 (LBO) – Sri Lanka’s listed Seylan Bank is planning to raise as much as 5 billion rupees from a sale of debenture which will be quoted on the …
Sri Lanka’s Lion Brewery falls below minimum public holding
June 28, 2016 (LBO) – The minimum public holding of Sri Lanka’s Lion Brewery has fallen below the stipulated float making it obligatory for the company to …
Secretariat for NGOs asks microfinance firms to register
June 28, 2016 (LBO) – National secretariat for non governmental organizations has asked micro finance institutions that operate in the island to promptly …
India in USD27 bln quest for oil as projects restart
June 28, 2016 (LBO) - India is offering global oilfield service providers a 27 billion dollar lifeline as the government aims to cut fuel imports. Stalled …
Commercial Bank launches Sri Lanka’s first Remittance Card
Sri Lanka’s first Remittance Card has been launched by the Commercial Bank of Ceylon to introduce a new dimension in convenience to the process of …
SriLankan Airlines to suspend Paris, Frankfurt flights in restructuring
June 27, 2016 (LBO) – The national carrier SriLankan Airlines on Monday said it will be suspending its operations to Paris and Frankfurt from winter 2016 as …
Abans Finance to raise Rs277mn through private placement
June 27, 2016 (LBO) – The directors of Abans Finance has decided to raise 277 million rupees for the company by way of a private placement of ordinary voting …
Sri Lanka may approve two blocks for exploration and drilling: PRDS
June 27, 2016 (LBO) - Sri Lanka could shortly approve petroleum exploration and drilling for two blocks in the Cauvery basin, as bidders in the 2013 licensing …
Huawei’s flagship P9 unveils in Sri Lanka
June 25, 2016 (LBO) – Huawei, one of the fastest growing smartphones in Sri Lanka, yesterday unveiled their flagship smartphone Huawei P9 at a vivid …
In Pictures: Swim Week 2017 highlights new designs and Colombo port
Day 1 of Swim Week Colombo kicked off on Friday showcasing designs by Sri Lankan and international designers at the ECT Terminal of the Colombo Port. The …
Sri Lanka’s Finance Ministry calls proposals to amend customs ordinance
June 24, 2016 (LBO) – The Finance Ministry will amend the 150-year old Sri Lanka customs ordinance with a view to absorb modern industrial trends in the …
IATA recognizes Louis Preston training centre in South Asia
IATA recognizes LOUIS PRESTON as “Top Performing Training Centre 2016” in South Asia Press Release: IATA (International Air Transport Association), the …
Sri Lanka’s Royal Turf Club unveils plans for next racing season
June 23, 2016 (LBO) - Sri Lanka's Royal Turf Club (RTC) has several plans to popularize horse racing and the next racing season in Nuwara Eliya, with a …