Finance Ministry to facilitate purchasing system for farmers
Sep 06, 2016 (LBO) - Sri Lanka's Finance Minister Ravi Karunanayake said that the government has taken steps to drive the traditional agriculture based economy …
Sri Lanka tourist arrivals up 11.8-pct in Aug 2016, China tops India
Sep 07, 2016 (LBO) – Tourist arrivals to Sri Lanka rose 11.8 percent in August to 186,288 visitors compared with the same month last year, official data …
Asia stocks at 1-year high as soft US data quells Fed hike talk
TOKYO, Sept 7 (Reuters) - The dollar took a tumble and Asian stocks rose to one-year highs on Wednesday after surprisingly weak U.S. services sector activity …
Sri Lanka’s Distilleries approves Melstacorp as holding company of group
Sep 07, 2016 (LBO) - Shareholders of the Distilleries Company (DCSL) at an Extraordinary General Meeting approved the special resolution to make Melstacorp Ltd …
Sri Lankan rupee firmer on dollar sales by exporters, banks
COLOMBO, Sept 6 (Reuters) - The Sri Lankan rupee edged up on Tuesday as dollar sales by exporters and banks on behalf of foreign investors to buy government …
IMF’s Lagarde urges action to deliver on G20’s Hangzhou commitments
Sept 06, 2016 (LBO) - Christine Lagarde, Managing Director of the International Monetary Fund (IMF), called on the leadership of the Group of 20 (G20) to …
IFC ready to finance Sri Lankan private sector projects
Sep 01, 2016 (LBO) - The International Finance Corporation, a part of the World Bank group, is ready to finance Sri Lanka’s private sector projects by …
Sri Lanka’s Dialog launches first VoLTE network on 4G
Sep 01, 2016 (LBO) - Sri Lanka's Dialog Axiata, announced the launch of VoLTE (Voice over LTE), enabling ultra-high quality voice and video calls over its …
Sri Lanka approves 10 acres in Muthurajawela for solid waste energy
Aug 31, 2016 (LBO) - Sri Lanka's cabinet has approved leasing out 10 acres of land for implementing a project for generating electricity through solid waste. …
Sri Lankan rupee steady after cbank chief allays fears of upward pressure
COLOMBO, Aug 31 (Reuters) - The Sri Lankan rupee traded steady on Wednesday, a day after the country's Central Bank Governor Indrajith Coomaraswamy said the …
Ceylinco Life’s 6-month income up 14-pct to Rs 11 billion
(PRESS RELEASE) - Ceylinco Life has reported that total income grew 14 per cent to Rs 11.028 billion in the six months ending 30th June 2016, with robust …
World Bank positive about Sri Lanka’s progress, wants to increase aid: Ravi K
Aug 31, 2016 (LBO) – Sri Lanka’s Finance Minister says multilateral donor World Bank is keen to increase its aid following Sri Lanka rapidly achieving its …
Asian shares ease, taking cue from Wall Street, oil slips
TOKYO, Aug 31 (Reuters) - Asian shares eased on Wednesday following modest losses on Wall Street, but were still on track for a monthly rise as investors …
Sri Lankan firms asked to implement ‘sourcing strategies’ during a Ceylon Chamber seminar
An expert asks Sri Lankan firms to have a sound ‘sourcing strategy’ in order to help improve the overall business performance by sourcing the rights …
Asia stocks bounce, dollar dips on Fed hike doubts
SYDNEY, Aug 30 (Reuters) - Asian shares bounced on Tuesday as doubts the Federal Reserve really would hike rates as soon as September undermined the dollar, …
China to fund Ratnapura expressway project
Aug 29, 2016 (LBO) - The EXIM bank of China has agreed to fund civil work construction of the proposed Ratnapura Expressway (73.buy avanafil online buy …
World Bank looks at further collaboration in Sri Lanka: South Asia VP
Aug 29, 2016 (LBO) – The World Bank says it will further support Sri Lanka’s journey towards higher growth and prosperity and this will require progress …
USS Frank Cable Arrives in Sri Lanka today
Aug 29, 2016 (LBO) - The USS Frank Cable (AS-40) will arrive in Sri Lanka for a routine refueling and port visit on August 29. During the visit, sailors from …
Sri Lankan horse owners make their mark in Mysore
(PRESS RELEASE) - La Donna, the fashionably bred 3 year old bay, daughter of multidimensional, out of Forest Treasure, bred at the Usha Stud, set the Mysore …
Most Asia stocks slide on Fed officials’ rate comments, dollar firms
SINGAPORE, Aug 29 (Reuters) - Most Asian share markets slipped on Monday while the U.S. dollar held firm on Monday after U.S. Federal Reserve Chair Janet …