Sixty SMEs from the Eastern and Central Provinces joins SME ProLink to strengthen business
SME Pro-Link, an initiative of the GIZ and CCC and which was launched last year is planning to launch its 2nd phase. Accordingly, the second “SME ProLink: …
Asia gains on BoE easing boon, key US jobs data awaited
TOKYO, Aug 5 (Reuters) - Asian shares joined a rise in global stock prices on Friday after the Bank of England (BoE) launched a potent post-Brexit …
Sri Lanka tourist arrivals up 19-pct in July, crosses 1mn
Aug 05, 2016 (LBO) - Sri Lanka's tourist arrivals in July were up 19 percent to 209,351, with China and India showing the strongest growth, the state tourism …
Sri Lanka to look at new exports in boat building, pharmaceuticals, IT/BPO: EDB
Aug 04, 2016 (LBO) - Sri Lanka is seeking to expand its export basket as it is essential that the island looks at export diversification and finds new markets, …
BoE rate call looms, Asian shares firm as oil rebounds for now
TOKYO, Aug 4 (Reuters) - Investors are counting on the Bank of England to cut interest rates to a record low 0.25 percent later on Thursday to support an …
Distilleries share swap gets court go ahead
Aug 03, 2016 (LBO) - Sri Lanka's courts granted permission to shareholder of Distilleries Company for a plan to swap stock with Meltacorp Limited, a statement …
Fitch Rates Commercial Bank of Ceylon’s Subordinated Debt ‘AA- ( lka)(EXP)
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (CB; AA(lka)/Stable) proposed subordinated debentures of up to LKR7bn an expected National LongTerm …
Minister of Foreign Affairs, Canada and UNDP inaugurate Jaffna’s only Siddha Medicine Center
(PRESS RELEASE) - Honourable Stéphane Dion, Minister of Foreign Affairs of the Government of Canada and Her Excellency Shelley Whiting, Canadian High …
Sri Lanka forging ahead with reforms for intra-Asia trade : PM
Aug 03, 2016 (LBO) - Sri Lanka’s Prime Minister Ranil Wickremesinghe says the Unity Government action plan is to introduce a large database of products and …
Deputy Minister Harsha de Silva heads Sri Lanka Delegation at 23rd ASEAN Regional Forum
(PRESS RELEASE) - Deputy Foreign Minister, Dr. Harsha De Silva headed the Sri Lanka delegation at the 23rd ASEAN Regional Forum (ARF) held in Vientiane, Lao …
Sri Lanka in investor spotlight, as new era dawns: OBG
(PRESS RELEASE) - Sri Lanka’s plans to boost foreign direct investment through a raft of pro-business policies and incentives are mapped out in a landmark …
Kia goes East with smart new Sales Centre
(PRESS RELEASE) - Kia Motors (Lanka) has opened its first Vehicle Sales Centre in Sri Lanka’s Eastern Province as part of the company’s on-going dealership …
Aitken Spence PLC Joins CSE to Open Trading for August
Aitken Spence PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today and pledged to play its part in furthering the nation’s …
We need to position our country: Harsha de Silva
Aug 02, 2016 (LBO) – Sri Lanka’s deputy minister of foreign affairs says that as a nation we need to ease rules and attract investment and build confidence …
Asian shares subdued, RBA rate decision awaited
TOKYO, Aug 2 (Reuters) - Asian shares edged lower in early trading on Tuesday, taking their cues from a modestly lower day on Wall Street as U.S. crude oil …
Melstacorp to become Distilleries parent, 180-degree share swap
Aug 01, 2016 (LBO) - Melstacorp limited will become the parent company of Distilleries Company of Sri Lanka PLC (DCSL) and other subsidiaries of the current …
Sri Lanka could better harness bio-gas: Waste Management Authority
Jul 29, 2016 (LBO) – Bio-gas can be used in Sri Lanka as a cheaper and cleaner renewable energy alternative to petroleum-based fuels, a senior official said. …
EBL Introduces Hybrid Electric Vehicle (HEV) Battery Revitalizing Technology in Sri Lanka
(PRESS RELEASE) - Edirisinghe Brothers (Pvt) Ltd., (EBL) announced the opening of Hybrid Hub; a purpose-built facility for the testing, conditioning and …
No more debate on monorail vs. LRT, Japan confirms funding
Jul 29, 2016 (LBO) - Sri Lanka’s government confirmed that the Japanese government will fund the islands proposed Light Rail Transit (LRT), ending a debate …
Asian shares flat, yen hits 2-week high ahead of BOJ
TOKYO, July 29 (Reuters) - Asian shares held near one-year highs while the yen hit a two-week high on Friday in nervous trade as investors waited to see if the …