Fitch rates Singer’s proposed debenture issue A-(lka)(EXP)
Dec 16, 2015 (LBO) – Fitch Ratings has assigned Singer Sri Lanka's proposed unsecured senior debenture issue of up to 3 billion rupees, a National Long-Term …
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Colombo Port City won’t cause environmental disruption, says EIA
Dec 15, 2015 (LBO) - The proposed Colombo Port City has a minimal environmental impact on the reclamation site and the coastal zone around the area, a …
Special economic zones, a driving force for increased trade in Asia: ADB
Dec 14, 2015 (LBO) - Special economic zones (SEZs) can be a driving force for increased trade, investment, and economic reform in Asia as it experiences a …
Rule Changes for Sri Lanka Insurers Promote Transparency: Fitch
Dec 14, 2015 (LBO) - Fitch Ratings sees the outlook on Sri Lanka's insurance sector as stable even though the split of composite insurers into life and …
World’s first dengue vaccine approved
Dec 14, 2015 (LBO) – A vaccine against dengue fever, the mosquito borne virus fever, has won clearance in Mexico. The vaccine is the first of its kind and …
Sri Lanka computer literacy at 27-pct in 1H 2015
Dec 12, 2015 (LBO) – Sri Lanka’s computer literacy for the first half of 2015 is 26.8 percent compared to 25.1 percent reported in 2014, the Department of …
Sri Lanka’s stalled Colombo port city back on track
Dec 11, 2015 (LBO) – Sri Lanka’s is all set for the Chinese-built port city project to commence work soon, a media report said. online pharmacy buy …
Leapset Engineering rebrands as CAKE LABS
Dec 11, 2015 (LBO) – Tech outfit Leapset Engineering has rebranded as CAKE LABS after having changed its US name from Leapset to CAKE. “We wanted to better …
Govt. to call bids from local contractors for Central Expressway stage III
Dec 10, 2015 (LBO) – The cabinet has decided to select local contractors and supervision consultants for the Central Expressway Project stage III which is to …
USD100mn from ADB to strengthen SME sector in Sri Lanka
Dec 10, 2015 (LBO) – The cabinet nod has been given to a 100 million US dollar project to strengthen the Small and Medium Scale Entrepreneur field in Sri …
TPG Growth buys 28-pct stake in Sri Lanka’s Asiri Hospitals
Dec 10, 2015 (LBO) - TPG Growth, a global private investment firm announced it bought a 28 percent stake in Asiri Hospital Holdings Plc, a unit …
Dialog launches cloud services ‘Cumulus’
Dec 10, 2015 (LBO) - Sri Lanka’s Dialog Axiata PLC launched its cloud services 'Cumulus' in Colombo on Wednesday together with several technology companies …
Uber officially launches in Sri Lanka
Dec 09, 2015 (LBO) - Uber, a global ride sharing company with an on-demand technology platform and app that connects commuters who need a ride and licensed …
Sri Lanka alcoholic beverage demand sustainable despite higher prices: Fitch
Dec 09, 2015 (LBO) - Sri Lanka's alcoholic beverages makers in will be able to pass on back-to-back increases in excise duties to consumers without worrying …
Sri Lanka Ports Authority gets new MD
Dec 07, 2015 (LBO) - Sri Lanka Ports Authority (SLPA) has appointed Sarathkumara Premachandra as it’s new managing director, the authority said in a …
Budget repeats ‘over-zealous’ mistakes in logistics, transport: CILT
Dec 07, 2015 (LBO) - Sri Lanka's budget proposals for 2016 repeat many of the mistakes in previous budgets in the areas of logistics and transportation, the …
Govt planning to list catering unit of SriLankan Airlines
Nov 07, 2015 (LBO) - Sri Lanka's government is planning to list a minority stake of 30 percent to 49 percent of Sri Lankan Catering, a fully owned subsidiary …
Stable outlook for SL banking system driven by continued GDP growth: Moody’s
Dec 04, 2015 (LBO) – Continued GDP growth is driving the stable outlook for Sri Lanka's banking system, Moody's Investors Service said. "While seeing some …
Hemas eyes state-owned Lanka Hospitals Corporation
Dec 04, 2015 (LBO) – Sri Lanka’s diversified conglomerate Hemas Holdings has expressed interest in acquiring a stake of state-owned Lanka Hospitals …
Blue Diamonds to call EGM to use Right Issue to pay salaries
Dec 04, 2015 (LBO) – Sri Lanka’s Blue Diamonds is to call an Extraordinary General Meeting to obtain approval to use part of their Rights Issue funds to …