Private firm to build 10 Mw solar power plant in Vavuniya
May 20, 2016 (LBO) – Sri Lanka’s cabinet has decided to lease a 22 hectare state land in Nedun Kulam, Vavuniya to a private firm to build a 10 Mw solar …
Industry
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Sri Lanka opts for LNG plant over coal in Sampur: Petroleum Minister
COLOMBO (Reuters) - Sri Lanka will cancel plans for a 500 megawatt Indian-built coal-fired power plant at its strategic eastern port city of Trincomalee and …
SriLankan Airlines unveils oneworld priority signage at Colombo and Male Airports
SriLankan Airlines has unveiled oneworld priority signage at its Colombo hub, Bandaranaike International Airport and Male, its extended home market. The new …
SriLankan Aviation College takes airline training to Jaffna, Batticaloa, Galle and Kurunegala
The SriLankan Aviation College has appointed Nawaloka Air Services as its franchise partner to expand airline training to four provinces, providing invaluable …
Textured Jersey closes 2015/16 on YTD net profit of Rs. 2.1bn, 63-pct growth
May 19, 2016 (LBO) - Sri Lanka's TJL Group (TJ), a knit fabric manufacturer said its year to date net profit was 2,172 million rupees while the revenue …
London Stock Exchange shifts shared services to Sri Lanka; hiring staff
May 19, 2016 (LBO) – International markets infrastructure provider London Stock Exchange Group will hire up to 400 highly skilled Sri Lankans as it has …
Demise of Microsoft’s mobile ambitions, return of Nokia
May 19, 2016 (LBO) - The demise of Microsoft’s mobile phone ambitions is on the cards with the company selling its feature phone business to a Foxconn …
SriLankan Cargo says record set exceeding designed capacity
May 18, 2016 (LBO) – SriLankan Cargo, the freight handling arm of state-owned SriLankan Airlines has set a record for the amount of tonnage handled during a …
Janashakthi Insurance PLC reports consolidated Profit After Tax (PAT) of Rs.358 mn for March 2016
Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit After Tax (PAT) of Rs.358 million for the quarter ended 31st March 2016, a marked Year …
Citizens Development Bank announces Rs1bn debenture issue
May 18, 2016 (LBO) – Sri Lanka’s Citizens Development Business Finance PLC (CDB), a licensed finance company, said it will issue one billion rupees in …
Italy to explore apparel, renewable energy prospects in Sri Lanka
May 18, 2016 (LBO) – Deputy Foreign Minister of Italy Senator Benedetto Della Vedova will make an official visit with a business delegation to Sri Lanka from …
CA Sri Lanka to teach Forensic Accounting to combat fraud
May 18, 2016 (LBO) - Sri Lanka's Institute of Chartered Accountants has launched a course in Forensic Accounting to help combat fraud in the country, a …
Ceylon Chamber and A-PAD launch disaster relief campaign
May 17, 2016 (LBO) - Sri Lanka's Ceylon Chamber of Commerce and the National Platform of the Asia Pacific Alliance for Disaster Management (A-PAD) has launched …
MTD Walkers expands to Maldives
May 16, 2016 (LBO) – Integrated infrastructure and engineering solutions provider MTD Walkers announced today that it has expanded its operations to the …
Commercial Bank of Ceylon website hacked: report
May 16, 2016 (LBO) - The corporate website of Commercial Bank of Ceylon was hacked, with its data posted online on May 12 by a hacking group which also posted …
Interview: Sri Lanka gas policy should be included in energy plan
May 16, 2016 (LBO) – Sri Lanka needs a gas policy to be included in its new national energy plan to effectively market its offshore hydrocarbon fields to …
Oil drillers bet three-month crude rally nearing end
May 16, 2016 (LBO) - Oil drillers are betting a three-month rally in oil prices is coming towards an end, with inventories running at all-time highs. buy …
Rajagiriya flyover work to commence July 2016: Harsha
May 16, 2016 (LBO) - Work on the proposed Rajagiriya Flyover will commence from July 2016 and be completed by 2018, a senior official said. “It gives me …
Sri Lanka’s SEC blocks share transaction of Blue Diamonds
May 13, 2016 (LBO) – Sri Lanka’s securities regulator on Friday blocked a share transaction related to the chairman of Blue Diamonds Jewellery Worldwide …
Is request for emergency power a scam? Consumer group asks
May 13, 2016 (LBO) – The National Consumer Network of Sri Lanka (NCNSL) says it is reasonable to suspect the motives behind the need for emergency power in …