Japan provides Rs 46bn for ongoing development in Sri Lanka
Oct 11, 2016 (LBO) - The Japan International Cooperation Agency (JICA) will provide a loan of 46.6 billion rupees to Sri Lanka to maintain financial stability …
Asian shares mixed, oil jumps on output curb expectations
SINGAPORE, Oct 11 (Reuters) - Asian shares were mixed in early Asian trading on Tuesday after oil prices surged to a one-year high and optimism over Hillary …
Sri Lanka has too many telcos, 2017 to be transformative year: Harin
Oct 10, 2016 (LBO) - Sri Lanka's Minister of Digital Infrastructure and Telecommunication says that the island needs to look at ways of reducing it's …
Advantis Engineering Wins Gold at NCE Awards 2016
(PRESS RELEASE) - Advantis Engineering, formerly known as Logiventures, won a gold award at the recently concluded 24th Annual National Chamber of Exporters …
Asia shares gain, Mexican peso jumps as markets lengthen odds on Trump
SYDNEY, Oct 10 (Reuters) - Asian shares crept higher and the Mexican peso jumped on Monday as odds of a victory by Republican nominee Donald Trump for …
Sri Lankan rupee down on importer dollar demand; cenbank caps fall
COLOMBO, Oct 7 (Reuters) - The Sri Lankan rupee fell on Friday due to importer dollar demand while moral suasion by the central bank on the spot-currency trade …
Sri Lanka to build 100,000 bpd refinery with India
NEW DELHI, Oct 6 (Reuters) - Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, …
New board appointments at Softlogic
(PRESS RELEASE) - Softlogic Holdings PLC recently announced the appointment of Prof. Ajantha Dharmasiri and Mr. Aaron Russell-Davison as Non-Executive …
Asian shares firm after U.S. service sector rebounds
TOKYO, Oct 6 (Reuters) - Asian shares firmed on Thursday, encouraged by stronger U.S. economic data and a rise in oil prices, while growing prospects of …
Coal carrier Ceylon Princess arrives in Sri Lanka
Oct 06, 2016 (LBO) - Sri Lanka’s Ceylon Shipping Corporation (CSC) has taken delivery of its second newly built bulk carrier for the transportation of coal …
SriLankan Airlines says loss reduced, six A320s on the way
Oct 05, 2016 (LBO) - SriLankan Airlines said in the financial year ending 31st March 2016, the airline recorded a reduced loss of 9.03 billion rupees, which …
SriLankan to lose USD47mn during BIA runway repair
Oct 05, 2016 (LBO) - SriLankan Airlines said that they would incur a revenue loss of 47 million US dollars due to the closure of Colombo’s Bandaranaike …
SriLankan Airlines adds new routes Jakarta, Gan Island
Oct 05, 2016 (LBO) - SriLankan airlines said in a bid to boost regional routes and higher profits it will add Jakarta in Indonesia and Gan Island in Maldives …
UNDP signs Rs20 mln biogas agreement with Kaduwela MC
Oct 04, 2016 (LBO) - The United Nation Development Programme (UNDP) entered into its first government co-financed project with the Kaduwela Municipal Council …
The RIU investor roadshow London 2016 kick-off
(PRESS RELEASE) - The RIU Investor roadshow in London 2016 kicked off on Saturday at the Sri Lankan Medical and Dental Association Dinner dance which was held …
“Vista Rooms” now in Maldives, after launch in Sri Lanka
Oct 04, 2016 (LBO) - Vista Rooms, one of South Asia’s brand of budget stays, has launched in the Maldives, targeting the affordable accommodation segment. …
Many economies yet to adopt good practices in PPP: WB
Oct 04, 2016 (LBO) - The World Bank has in a report set out new benchmarks for public-private partnerships (PPP) procurement across 82 economies. "Many …
Asian shares wobble, dollar firms after upbeat US data
TOKYO, Oct 4 (Reuters) - Asian shares wobbled on Tuesday after fading hopes for a reduced Deutsche Bank fine and rising expectations of a U.S. interest rate …
Sri Lanka marks ‘National Coastal and Marine Resources Conservation Week’
The United Nation Development Programme (UNDP) in collaboration with the Ministry of Mahaweli Development & Environment marked the ‘National Coastal and …
Asia stocks start Q4 with gains, sterling stumbles
SYDNEY, Oct 3 (Reuters) - Asian shares got the new quarter off to a firm start on Monday, while sterling tumbled as Britain set a March deadline to start …