Asian shares hits 1-year high, oil supported
TOKYO, Aug 16 (Reuters) - Asian shares rose to one-year highs, extending their gains so far this year to almost 10 percent, helped by a jump in oil prices and …
Sri Lankan rupee steady in dull trade
COLOMBO, Aug 15 (Reuters) - The Sri Lankan rupee was steady on Monday as dollar sales by exporters were offset by importer demand for the greenback in dull …
Auxenta wins the Best Startup of the Year award
(PRESS RELEASE) - We are delighted to announce that Auxenta has been awarded the "Best Startup of the Year 2016" by CSSL – Computer Society of Sri Lanka. …
Virtusa Announces First Quarter 2017 Consolidated Financial Results
(PRESS RELEASE) - Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology …
Usain Bolt completes amazing 100m treble in Rio
RIO DE JANEIRO, Aug 15 (Reuters) - For 9.81 glorious seconds on Sunday, all the ills that have dogged athletics recently were forgotten as Usain Bolt stormed …
Sri Lanka to develop labour, attract workers overseas: PM
Aug 12, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said that it is time for a new human resource policy to go hand in hand with the …
Nestlé Lanka delivers 7.4 % growth, LKR 19 billion sales in H1 2016
(PRESS RELEASE) - Shivani Hegde, Nestlé Lanka Managing Director: “We have delivered steady results for the first six months of the year despite a very …
Sri Lanka gets USD128mn ADB loan for water and waste water management
Aug 11, 2016 (LBO) - The Asian Development Bank (ADB) will give a 128 million US dollar loan for a greater Colombo water and wastewater management improvement …
IronOne CEO Lakmini Wijesundera named Woman Entrepreneur of the Year
PRESS RELEASE Mobile IT solutions trailblazer Lakmini Wijesundera has been honoured at the highest level for her contribution to the country’s economy with …
Sri Lanka cabinet approves Special Deposit Account Act for foreign nationals
Aug 10, 2016 (LBO) - Sri Lanka’s cabinet has decided to approve the Special Deposits Account Act to grant residency visas for foreign individuals who bring a …
No more aircraft for Sri Lankan; reports not submitted: COPE
Aug, 10, 2016 (LBO) – The Committee on Public Enterprises (COPE) of Sri Lanka’s parliament has recommended that SriLankan airlines officials not to go …
Brandix bags 11 awards at Presidential Export Awards, ranked Sri Lanka’s top exporter in 2014 & 2015
(PRESS RELEASE) - The Brandix Group won a remarkable 11 awards including the Exporter of the Year awards for 2014 and 2015 at the Presidential Export Awards …
Asian shares near 1-year high, dollar slips after soft U.S. data
TOKYO, Aug 10 (Reuters) - Asian shares held near one-year highs on Wednesday as investors pared expectations slightly for a Federal Reserve interest rate …
Sri Lanka needs to accelerate broadband development: Harin
Aug 09, 2016 (LBO) - Sri Lanka's government says that as the island embarks on a journey of transformation to become a digitally enabled and empowered society, …
Asia shares up as yield hunt drives record flows, pound slips
SYDNEY, Aug 9 (Reuters) - Asian shares stood atop one-year peaks on Tuesday as investors' desperate search for yield drove a record inflow into emerging market …
ROYAL TURF CLUB COMMENCES RACES ON 20 AUGUST
Nuwara Eliya is going to be buzzing again. It was almost as if the town had gone into hibernation thanks to the rain in the months of June and July, But …
Promoting Biogas among Local Technical Officers for Greener and Sustainable Construction Efforts
(PRESS RELEASE) - Janathakshan Gte Ltd and People in Need, Cz conducted a biogas awareness and promotional workshop on renewable energy, biogas and waste …
Asian stocks rise as investors hunt for yield; Aussie shines
HONG KONG, Aug 8 (Reuters) - Investors flocked to higher-yielding assets on Monday after strong U.S. jobs data on Friday lifted confidence - driving up Asian …
PUCSL says gaps in new CEB generation plan, 300MW LNG approved
Aug 08, 2016 (LBO) – Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has not given the full nod for the Ceylon Electricity Board’s (CEB) …
Rio Olympics 2016 commence today, nine Sri Lankan athletes compete
Aug 05, 2016 (LBO) – Nine athletes from Sri Lanka have traveled to compete in eight events at the 2016 Summer Olympic Games which will officially begin in …