China special investment zone to create 1mn jobs in Hambantota
Jul 26, 2016 (LBO) – The Chinese government has requested for 15,000 acres of land in Hambantota for a special economic zone that will create around one …
Trade
Malik assures ETCA and other FTAs won’t impact local jobs
Jul 26, 2016 (LBO) – Sri Lanka is currently at the formulating stage of Free Trade Agreements with China and Singapore and an “Economic Technology …
Sri Lanka’s Ceylon Cold Stores net up 56-pct in June quarter
July 22, 2016 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores, which has interests in consumer goods and retailing, surged 56 percent to 855 million …
Sri Lanka imposes maximum price for 16 essential items
July 14, 2016 (LBO) – The controlled prices of 16 essential items were announced by the Minister of Industry and Commerce Rishad Bathiudeen today morning.buy …
National Payment Platform gets Sri Lanka’s cabinet approval
July 13, 2016 (LBO) – Sri Lanka’s Cabinet has approved the introduction of a National Payment Platform (NPP) to facilitate digital commerce and online …
Maximum retail prices of VAT excluded essential goods to be re-gazetted
July 08, 2016 (LBO) – Sri Lanka’s cabinet is scheduled to meet next Tuesday to decide on the maximum retail prices of VAT excluded essential goods, …
Motor car registrations down sharply from Sept peak: JB Securities
July 05, 2016 (LBO) - Motor car registrations in Sri Lanka recorded 3,657 units in May, slightly down from 3,664 units in April, but significantly lower than a …
Consumer authority conducts over 10,000 raids, collects Rs48mn fines
July 04, 2016 (LBO) – Sri Lanka’s Consumer Affairs Authority has conducted more than 10,000 raids in the first half of this year, latest data showed.buy …
Sri Lanka’s first National Coop Policy & Coop Act in the offing
As Sri Lanka’s third economic force reported total value close to $ 3 Bn, it is set to enter the next stage of development with a variety of support measures …
Sri Lanka Ports Authority profit rises along with debt
July 04, 2016 (LBO) - Sri Lanka Ports Authority boosted profits by 43.7 percent to 4.6 billion rupees before tax, during the first four months of the year, the …
Millennium Challenge Corp looks at Sri Lanka for fund program
June 29, 2016 (LBO) – The Millennium Challenge Corporation (MCC) is currently evaluating Sri Lanka for a threshold program that can potentially unlock …
Samantha Ranatunga to head CCC for second consecutive year
June 29, 2016 (LBO) – Shareholders of the Ceylon Chamber of Commerce reappointed Samantha Ranatunga as its Chairperson for a second consecutive year. The …
Sri Lanka’s Lion Brewery falls below minimum public holding
June 28, 2016 (LBO) – The minimum public holding of Sri Lanka’s Lion Brewery has fallen below the stipulated float making it obligatory for the company to …
Sri Lanka’s Finance Ministry calls proposals to amend customs ordinance
June 24, 2016 (LBO) – The Finance Ministry will amend the 150-year old Sri Lanka customs ordinance with a view to absorb modern industrial trends in the …
EU lifts fishing ban, unofficial talks to finalize GSP+ application: PM
June 17, 2016 (LBO) – Sri Lanka has been removed from the list of third countries (countries outside the EU) not cooperating in the fight against illegal, …
Sri Lanka needs comprehensive system of trade agreements: Malik
June 10, 2016 (LBO) – Sri Lanka now needs a comprehensive system of trade agreements as 50 percent of global trade is in fact dependent on trade agreements, …
Sri Lanka’s Hemas Holdings March net profit down 3.5-pct
June 07, 2016 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure and healthcare has posted a shareholder profit of 744 million rupees …
Sri Lanka’s LOLC March net up 46-pct amid growing incomes
June 03, 2016 (LBO) – Sri Lanka’s LOLC group, which has interests in financial services, insurance, plantations, trading and leisure, said net profit for …
Sri Lanka’s Cargills net up 39-pct in March with improved margins
June 02, 2016 (LBO) – Profits at Sri Lanka’s Cargills group, with interests in retailing and fast moving consumer goods, rose 39 percent to 412 million …
Consumer Affairs Authority collects Rs75mn from fines this year
May 30, 2016 (LBO) – Sri Lanka’s Consumer Affairs Authority has collected over 75 million rupees as fines imposed on local shops and restaurants during the …