Blanket guarantee for Finance Companies questionable: Theagarajah
Nov 25, 2015 (LBO) – Sri Lanka’s Finance Ministry is to provide a blanket guarantee for finance companies which needs to be reconsidered, Chief Executive …
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Sri Lanka to promote its ancient cinnamon trade
Nov 23, 2015 (LBO) – Sri Lanka’s government will set up an authority to develop the cinnamon trade, its main spice export, along with strengthening …
Sri Lanka capital to have International Financial Centre
Nov 20, 2015 (LBO) – Sri Lanka's government will make an international financial centre in Colombo, Finance Minister Ravi Karunanayake said while delivering …
Lack of direct competition between Sri Lanka ports an issue: Eran
Nov 20, 2015 (LBO) – Sri Lanka must explore the issue that led to the inadequate direct competition of Ports Authority controlled ports, a deputy minister …
Google makes traffic congestion maps available for Sri Lanka
Nov 19, 2015 (LBO) - Google Maps has activated traffic information for Sri Lanka with useful congestion data for Colombo and other locations, an IT observer …
Sri Lanka bring in more price controls for consumer goods
Nov 19, 2015 (LBO) - Sri Lanka’s Consumer Affairs Authority has brought in a new set of Maximum Retail Prices (MRPs) for six new essential consumer items to …
Sri Lanka’s LOLC September net up 36-pct with growing incomes
Nov 18, 2015 (LBO) – Sri Lanka’s LOLC group which has interest in financial services, insurance, plantations, trading and leisure said net profits for the …
Sri Lanka can better harness its potential for bio-gas and renewable energy technology
Nov 18, 2015 – Bio-gas can be used in Sri Lanka as a cheaper and cleaner renewable energy alternative to petroleum-based fuels, EU SWITCH-Asia, an European …
Laugfs eyes Asian market with USD80mn LPG terminal, 10 ships
Nov 18, 2015 (LBO) – Sri Lanka’s Laugfs group plans to expand into Asian waters more aggressively with the launching of its planned LPG terminal to be …
Sri Lanka’s MTD launches Walkers Colombo Shipyard
Nov 18, 2015 (LBO) – Sri Lanka’s listed MTD Walkers has acquired a ship repair and ship building entity to expand its existing presence in the marine …
Sri Lanka’s Sampath Bank net up 69-pct in Sept quarter
Nov 17, 2015 (LBO) – Profits at Sri Lanka’s Sampath Bank group rose to 1. online pharmacy buy oseltamivir with best prices today in the USA 9 billion …
US firms await clear policy to invest in Sri Lanka
Nov 17, 2015 (LBO) - Many businesses from the United States are willing to invest in Sri Lanka but are waiting more clear and consistent economic policy from …
Lifting fish export ban to EU needs further steps: EU Council
Nov 17, 2015 (LBO) – Sri Lanka’s ban on fishery exports to the EU could be lifted if further necessary steps are taken, the European Union Council said. …
EU Council supports Sri Lanka’s GSP+ application
Nov 17, 2015 (LBO) - The European Council has noted progress made by Sri Lanka on GSP+ criteria and supports renewed application, the institution representing …
Innovation crucial for Sri Lanka’s future success: ex central banker
Nov 17, 2015 (LBO) – Sri Lanka’s ability to invent and innovate will be vital for economic development and developed country status, a former central …
Ceylon Hotels Corp to construct a 50-room hotel in Maldives for USD27.7mn
Nov 16, 2015 (LBO) – Sri Lanka’s Ceylon Hotel Corporation said that it plans to construct a 50-room hotel in Maldives with an investment of 27. online …
Sri Lanka’s NDB net down 32-pct in September
Nov 13, 2015 (LBO) Sri Lanka’s National Development Bank PLC reported a 32 percent dip in profits to 855 million rupees in the September quarter of 2015 …
China Construction to carry out free feasibility for Sri Lanka’s eastern rail line
Nov 12, 2015 (LBO) – Sri Lanka’s Cabinet spokesperson, Minister Rajitha Senaratne said the government has approved a free feasibility to be carried …
Sri Lanka stocks close down 0.2-pct: Budget concerns
Nov 11, 2015 (LBO) – Sri Lankan stocks closed down at 0.18 percent on Thursday a third consecutive session with investors keeping on the sidelines over …
Sri Lanka to amend Fisheries act, increase penalties for offences in international waters
Nov 12, 2015 (LBO) – Sri Lanka will change the law on governing the operation of fishing vessels in international waters, cabinet spokesman Minister Rajitha …