Minister Nimal Siripala de Silva heads Sri Lankan delegation at First World Humanitarian Summit
Minister De Silva, participating at the WHS representing President Maithripala Sirisena, stated that the UN Secretary General Ban Ki Moon’s “Agenda for …
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Dubai receives solar power bid cheaper than coal
May 30, 2016 (LBO) - Dubai, in the United Arab Emirates, received a bid for an 800-megawatt plant at a power price of 2. buy neurontin online buy neurontin …
Sri Lanka’s power regulator ask licensees for regulatory accounts
Public Utilities Commission of Sri Lanka has issued a set of accountancy guidelines to licensees who are in the business of electricity generation; …
G7 vows growth efforts as Japan’s Abe warns of global crisis
May 27 (Reuters) - The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and …
Sunshine Packaging receives USD2mn foreign capital infusion
May 27, 2016 (LBO) – Sri Lanka’s Sunshine Packaging, a subsidiary of listed Sunshine Holdings, have been infused equity capital of 2 million US dollars by …
CEB failed to recognize renewable energy potential: SEMA Chairman
May 27, 2016 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board has failed to recognize the changing dynamics of the energy world when preparing …
Restricting banks from leasing wouldn’t help finance companies: Murtaza
May 26, 2016 (LBO) – Sri Lanka’s government intervention in restricting banks from leasing vehicles would be disastrous for business confidence and further …
Ceylinco Life’s Life Fund crosses Rs 70 billion in 28 years
Ceylinco Life has announced that the company’s Life Fund crossed Rs 70 billion at end April 2016, making it the only local life insurer to achieve the feat …
Vehicle imports up 60-pct in 2015, 7-pct of total imports: CCC
May 25, 2016 (LBO) – Expenditure on motor vehicle imports to Sri Lanka has recorded a 60 percent growth last year compared to previous year, Ceylon Chamber …
Sri Lanka’s Islamic Finance sector growing, lacks skilled staff: report
May 26, 2016 (LBO) – Sri Lanka’s Islamic Finance sector continues to grow steadily but lacks staff that are qualified and have technical knowledge, the …
Sri Lanka’s Dipped Products acquires Italian glove marketer for Rs535mn
May 25, 2016 (LBO) – Dipped Products, a subsidiary of the Hayleys Group, today announced that it acquired the remaining stake of Italian glove marketer …
Twitter simplifies character count making more space for tweets
May 25, 2016 (LBO) – Popular online social networking service, Twitter said it will relaxing its 140-character limit for tweets, allowing users to add links, …
Ceylon chamber to help Sri Lankan importers source goods at ‘factory prices’
May 24, 2016 (LBO) – The Ceylon chamber of commerce with Fair Deal AS, a globally spread import sourcing arm is planning to launch a program to help Sri …
Sri Lanka’s Amanté to sell lingerie in Pakistan
May 24, 2016 (LBO) – Sri Lanka's Amanté lingerie has opened its first flagship store in Pakistan in May at the Dolman Mall, Karachi. This is the first …
Fitch Affirms Sri Lanka’s Dialog Axiata at ‘AAA(lka)’
Fitch Ratings has affirmed Sri Lanka's Dialog Axiata PLC's (Dialog) 'AAA(lka)' National Long-Term Rating, a statement said. The Outlook is Stable. KEY RATING …
London Stock Exchange Group increases footprint in Sri Lanka
London Stock Exchange Group (LSEG) announced the signing of a landmark agreement with the government of Sri Lanka to set up their global Business Services arm …
Sri Lanka vehicle registrations down in April except for Cars and SUVs
May 24, 2016 (LBO) – Sri Lanka’s vehicle registrations except for Cars, SUVs and 3 wheelers were down last month due to April being a holiday month, JB …
EOIs called for geophysical surveys off Mannar, Cauvery Sri Lanka
May 23, 2016 (LBO) - Sri Lanka has called for expressions of interest from geophysical exploration companies to conduct gravity, gradiometry and magnetic …
Sri Lanka reinsures uninsured citizens, property for natural disasters
May 20, 2016 (LBO) – Sri Lankan government sponsored National Insurance Trust Fund has insured all uninsured Sri Lankan citizens and uninsured properties by …
Sri Lanka benefits from increased trade with India: OBG
May 20, 2016 (LBO) – Sri Lanka stands to benefit from efforts to strengthen economic cooperation with India particularly with a rebalancing of foreign …