Sri Lanka’s Hayleys acquires 75-pct stake in Fentons for Rs963mn
Mar 15, 2016 (LBO) – Sri Lanka’s Hayleys has acquired 75 percent of the equity stake of Fentons Limited for 963 million rupees, the Company said in a stock …
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Sri Lanka’s island-wide blackout signals power supply reliability issue
Mar 15, 2016 (LBO) – Sri Lanka’s recent island-wide power blackout has raised concerns over the reliability of national power supply and its future. Issues …
Sri Lanka gives official go ahead for China Port City; CHEC welcomes approval
Mar 15, 2016 (LBO) – Sri Lanka’s government officially informed the Chinese investors of resuming the construction of the Port City project in capital …
Nelson Liu appointed Chairman of CICT, Ray Ren becomes CEO
The Board of Directors of Colombo International Container Terminals Ltd. online pharmacy buy abilify with best prices today in the USA online pharmacy buy …
Volvo appoints new importer and distributor in SL
Mar 15, 2016 (LBO) – Volvo, a Sweden based car manufacturer announced Swedish Cars (Pvt) Ltd., an IWS Holdings company, as the importer and distributor of …
Power officials meet Monday to investigate third island-wide power failure: Minister
Mar 14, 2016 (LBO) - Sri Lanka’s Minister of Power and Renewable Energy said senior power sector officials are to meet Monday morning to investigate two …
Interview: Tourists need better infrastructure, says Astoria developer
Mar 12, 2016 (LBO) - Sri Lanka should take more steps to attract Chinese tourists as foreign investors increase investments in the island, a top Chinese …
Sri Lanka’s CPC incurs Rs13.2bn loss for Jan-Nov 2015: Petroleum Minister
Mar 11, 2016 (LBO) – The marginal profit received from selling diesel is not sufficient to cover the 13.2 billion rupee loss incurred by the CPC in the first …
Aitken Spence Hotel Holdings invests Rs500mn in Golden Sun Resorts
Mar 11, 2016 (LBO) – Aitken Spence Hotel Holdings has decided to accept 50 million shares of its fully owned subsidiary Golden Sun Resorts private limited in …
CPC to start lubricant manufacturing company with USD13mn
Mar 11, 2016 (LBO) – The Ceylon Petroleum Corporation has obtained Cabinet approval to open a State-owned lubricant manufacturing company to avoid the high …
Sri Lanka to implement pre paid card system for public transportation
Mar 11, 2016 (LBO) – The cabinet approval has been obtained to implement an electronic charging system through prepaid cards.online pharmacy …
Sri Lanka Meagapolis Authority Act to parliament in two months
Mar 09, 2016 (LBO) – The legal act for Sri Lanka government's hallmark Megapolis development is now drafted and will be presented in parliament soon, a …
Thailand calls for FTA with Sri Lanka; triple bilateral trade by 2020
Mar 10, 2016 (LBO) – Thailand, South East Asia’s second largest economy has officially called for an FTA with Sri Lanka as both countries pushing for a …
Sri Lanka extends Colombo Port City Project agreement by 6 months
Mar 10, 2016 (LBO) – The cabinet has approved the extension of the agreement on Colombo Port City development project agreement for a further period of six …
Government proposals may lead to lubricant market fragmentation: Chevron
Mar 10, 2016 (LBO) – Chevron Lubricants Lanka, a leader in the island’s lubricant industry says the market may be at risk of further fragmentation as the …
Sri Lanka bought planes instead of building houses: PM
Mar 10, 2016 (LBO) – Sri Lanka’s Prime Minister said on Thursday the nation is plagued with incompetencies of the former regime and the homeless could have …
LSE to shift Bangalore research facility to Sri Lanka
Mar 09, 2016 (LBO) – The London Stock Exchange (LSE) plans to shift its Bangalore-based research facility to Sri Lanka, a senior official said. online …
Sri Lanka to move prison out of Colombo, shift key buildings
Mar 09, 2016 (LBO) - Sri Lanka’s government is planning to shift key government offices including the Prison, President and Prime Minister’s residences …
Ceylon Tobacco accounts for 7-pct of govt.’s total revenue in 2015
Mar 09, 2016 (LBO) – Ceylon Tobacco Company, a unit of British American Tobacco said the company contributed 91. online pharmacy buy diflucan with best …
Sri Lanka’s Seylan Bank refutes merger talks with NDB
Mar 09, 2016 (LBO) – Sri Lanka’s Seylan Bank on Tuesday said the bank is not engaged in merger talks with National Development Bank or any other entity at …