Sri Lanka’s People’s Merchant Finance removes CEO
July 14, 2015 (LBO) – Sri Lanka People’s Merchant Finance, a subsidiary of People’s Bank of Sri Lanka said it removed the Chief Executive Officer and …
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Sri Lanka’s Fitch downgrades Siyapatha Finance to ‘A-(lka)’
July 14, 2015 (LBO) - Fitch Ratings Lanka has downgraded Siyapatha Finance PLC's (SLFL) National Long-Term Rating to 'A-(lka)' from 'A(lka)' with a stable …
Sri Lanka tea plantation workers offered a wage hike
July 14, 2015 (LBO) - Sri Lanka’s regional plantation companies (RPCs ) said they are raising the daily pay for 1000 rupees to meet labour union demands but …
Sri Lanka restricts mobile phone services at Yala national park
July 14, 2015 (LBO) - Sri Lanka restricts mobile phone services at Yala national park to minimise the danger from rushing safari vehicles to show animals to …
Sri Lanka tourist attraction’s entry fees higher than region: Report
July 14, 2015 (LBO) – Sri Lanka’s tourist attractions entry fee charge between local and foreign visitors is higher when compared to other countries in …
Sri Lank tourism infrastructure still has visible gaps: Report
July 13, 2015 (LBO) - Sri Lanka has to continue to invest in improving domestic transport and air connectivity in order to realize the full potential of the …
Sri Lanka’s Hambantota Port first phase, a burden of USD51mn per year: SLPA
July 13, 2015 (LBO) – Sri Lanka’s government had to pay 51 million US dollars per year as loan repayments for the first phase of the Hambantota Port, Sri …
Sri Lanka calls international partners to jointly operate Hambantota RO-RO hub
July 10, 2015 (LBO) - Sri Lanka calls for international partner to jointly operate a Roll-on-Roll-off (RO-RO) berth of Hambantota port considering the …
Sri Lanka needs more value added tea exports; brew only 4-pct locally: EDB
July 10, 2015 (LBO) - Sri Lanka needs to look at higher value additions in tea and the current value additions are not giving the required value addition …
Sri Lanka Tourism aggressively promote Disney’s “Monkey Kingdom” in China
July 10, 2015 (LBO) – Sri Lanka Tourism said that it will aggressively promote Sri Lanka in the Chinese market by launching Disney’s epic “Monkey …
NWSDB to improve pipe water facility with Rs3.5 bn investment
July 9, 2015 (LBO) – Sri Lanka’s cabinet of ministers have given approval for National Water Supply and Drainage Board to obtain a loan facility of 3449 …
Hambantota port second stage water filling this weekend
July 09, 2015 (LBO) – The water filling ceremony of Hambantota port second stage is to be held on 11 July 2015 with the initiatives of Ports Minister Arjuna …
Sri Lanka and Australia to increase trade
July 9, 2015 (LBO) - The Sri Lanka Australia Chamber of Commerce (SLACC) was officially launched at the New South Wales Business Chamber Head Office in Sydney, …
Fitch Affirms Nine Sri Lankan Banks; Downgrades Sampath Bank
July 08, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed the ratings on nine local banks while downgrading the national long term rating of Sampath …
Kerala government to start a tourism campaign in Sri Lanka
July 08, 2015 (LBO) – Kerala tourism department is to start an aggressive ‘Visit Kerala’ campaign in Sri Lanka, Kerala state tourism minister has said. …
“The sooner we have political stability the better”: Dialog Chief
July 08, 2015 (LBO) – Political uncertainty coming to an end is a good thing for all listed companies as this will lead the way for more investments, Hans …
Team of American multinational Honeywell Corporation to arrive Sri Lanka next month: Eran
July 08, 2015 (LBO) – Honeywell Corporation, a Fortune 100 diversified technology and manufacturing conglomerate is to send a team next month to discuss …
Sri Lanka tea faces challenges due to other beverages, climate and wages: Study
July 08, 2015 (LBO) – Competition from other beverages, climatic changes and worker wages are the key issues global tea industry is facing including Sri …
People’s Bank to make mandatory offer for People’s Merchant Finance shareholders
July 06, 2015 (LBO) – Sri Lanka People’s Bank and People’s Leasing and Finance is to make a mandatory offer to the remaining shareholders of People’s …
Ceylon Biscuits group chairman retires after 48 years of service
July 06, 2015 (LBO) – Sri Lanka’s biscuits manufacturing giant Ceylon Biscuits group said its Chairman Mineka P. online pharmacy buy diflucan with best …