Sri Lanka unveils Megapolis plan
Jan 29, 2016 (LBO) – Sri Lanka’s Western Region Megapolis plan was unveiled with handing over of the plan ceremoniously to the President and Prime Minister …
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Fitch Affirms SriLankan Airlines’ Government Guaranteed Bonds at ‘BB-‘
Fitch Ratings has affirmed the rating on SriLankan Airlines Limited's (SLA) US dollar-denominated government guaranteed bonds at 'BB-. buy clomid online …
Sri Lanka to use new tool to assess future electricity demand
Jan 29, 2016 (LBO) – Island’s electricity regulator, the Public Utilities Commission is to adopt an internationally accepted tool to review the forecasted …
Government to start relocating Manning Market from tomorrow
Jan 29, 2016 (LBO) – Megapolis and Western Development Minister Champika Ranawaka launching the Megapolis plan on Friday said the government will start …
USD100mn capital infusion into ETI Finance approved
Jan 29, 2016 (LBO) – The Central Bank has approved a proposal to infuse 100 million US dollars into the share capital of ETI Finance, Swarnamahal Financial …
Malaysia’s Axiata, India’s Bharti Airtel to merge subsidiaries in Bangladesh
Jan 28, 2016 (LBO) - Axiata Group Bhd, Malaysia's largest mobile operator by market value, and Bharti Airtel Ltd, India's largest telecom operator by …
Sri Lanka imposes taxes on import of Mackerel fish
Jan 28, 2016 (LBO) – Sri Lanka will impose taxes for importing of tinned mackerel fish under a proposal brought to cabinet by Fisheries Minister Mahinda …
New passenger terminal at Bandaranaike Airport with JICA funding
Jan 28, 2016 (LBO) – The cabinet has decided to enter into a loan agreement with the Japan International Cooperation Agency to obtain funds to build a …
Safety of life at sea amendment from July, says European Chamber of Commerce
Jan 28, 2016 (LBO) - The International Maritime Organization's amendment to the Safety of Life at Sea (SOLAS) agreement will come in to effect globally on July …
Janashakthi – National Civilian Bravery Awards
Janashakthi Insurance PLC, a leading Insurance provider in Sri Lanka, announced its partnership with the Foundation of Civilian Bravery Sri Lanka for the …
Chances of March Fed rate hike drop after FOMC statement
Jan 28, 2016 (LBO) - The chances of a U.S. Fed rate hike in March dimmed after a FOMC policy statement on Wednesday acknowledged global economic risks, as …
IRCON plans to assist Sri Lanka Railway future projects
Jan 28, 2016 (LBO) – Indian government backed IRCON International has expressed its willingness to assist Sri Lanka’s railway development in line with the …
Emirates to increase daily flights to Colombo
Jan 27, 2016 (LBO) – Emirates, a Middle-Eastern airline, said that they would be adding an additional daily flight to Sri Lanka between Dubai and Colombo. …
EU Export Helpdesk provides support for exporters
Jan 27, 2016 (LBO) - The various conditions for exports to the European Union can be referred through the online EU Export Helpdesk, a European Commission …
Aitken Spence Resorts to buy Al Falaj Hotel for USD36.4 mln
Jan 27, 2016 (LBO) - Oman Hotels and Tourism Co said on Monday its shareholders have unanimously approved the RO14mn (USD 36.3 million) sale of Al Falaj Hotel …
Sri Lanka commercial property demand will expand with FDI: Regus
Jan 27, 2016 (LBO) – Sri Lanka's commercial property market will see a rise in demand as local firms expand their businesses and foreign firms start …
Sri Lankans forecasts positive growth of local real estate market in 2016
Jan 26, 2016 (LBO) – A new survey has revealed that 41 percent of Sri Lankans believe that demand for houses will increase in the next 12 months. buy …
Sri Lanka ranks 14 on global offshoring index 2016
Jan 25, 2015 (LBO) - With many domestic and international companies investing heavily on the local IT/BPO and BPM offshoring industry thanks to its commercial …
Sri Lanka, main destination for used cars from Japan
Jan 25, 2016 (LBO) – Sri Lanka has set a record as the number one destination for used car exports from Japan in terms of value last year, JB Securities said …
Proposals to be called for Hambantota Port Industrial Zone
Jan 25, 2015 (LBO) - Sri Lanka's government plans to call for proposals to set up industries in the Hambantota Port's Industrial Zone under the Hambantota Port …