Sri Lanka’s successful mountaineers return, lack of O2 prevented Johann’s climb
May 31, 2016 (LBO) - Mountaineering duo Jayanthi and Johann have returned to Sri Lanka following their successful expedition to the top of the world, with a …
Sri Lanka signs MOU with Siemens to develop Megapolis smart cities
May 30, 2016 (LBO) - Siemens, a German electronics and industrial conglomerate, has signed a memorandum of understanding with the Megapolis Ministry to offer …
Sri Lankan rupee forwards weaker on importer dollar demand
May 30 (Reuters) - Sri Lankan rupee forwards fell on Monday due to dollar demand from importers amid fears the currency could weaken further if the government …
More landslide threat in Sri Lanka, says NBRO
May 30, 2016 (LBO) - Sri Lanka's National Building Research Organization (NBRO) issued an alert for landslide prone areas on Sunday and asked people to always …
Minister Nimal Siripala de Silva heads Sri Lankan delegation at First World Humanitarian Summit
Minister De Silva, participating at the WHS representing President Maithripala Sirisena, stated that the UN Secretary General Ban Ki Moon’s “Agenda for …
Sri Lanka increases taxes for cars over 1000cc
May 27, 2016 (LBO) – Prices of vehicles above 1000 cubic centimeter engine capacity will increase following the increase of the minimum unit tax from today, …
World Bank team concludes visit to Sri Lanka
May 27, 2016 (LBO) – The World Bank Board of Executive Directors completed a five-day visit including site inspections on work being implemented under the …
Sri Lankan rupee forwards trade weaker on importer dollar demand
May 26 (Reuters) - Sri Lankan rupee forwards fell on Thursday due to importer dollar demand and amid apprehension the currency would weaken on a possible …
Sri Lanka’s agriculture to be modernized with World Bank funding
May 26, 2016 (LBO) - Sri Lanka’s cabinet has approved implementation of a five-year Agriculture Sector Modernization Project with 125 million US dollars …
European Union gives Rs.32.8mn for flood, landslide victims in Sri Lanka
May 26, 2016 (LBO) - The European Commission is providing 200,000 Euro (Rs. 32.8 million) in humanitarian funding to assist the most affected populations …
Ceylinco Life’s Life Fund crosses Rs 70 billion in 28 years
Ceylinco Life has announced that the company’s Life Fund crossed Rs 70 billion at end April 2016, making it the only local life insurer to achieve the feat …
Honesty and good communication skills are top traits for business leader – Regus Finding
Business people across the globe reported which key traits make a successful business leader and reveal that honesty and the ability to communicate with others …
Sri Lanka’s Islamic Finance sector growing, lacks skilled staff: report
May 26, 2016 (LBO) – Sri Lanka’s Islamic Finance sector continues to grow steadily but lacks staff that are qualified and have technical knowledge, the …
World Bank Launches Financing Facility to Protect Countries against Pandemics
SENDAI, Japan —The World Bank Group today launched the Pandemic Emergency Financing Facility (PEF), an innovative, fast-disbursing global financing …
Fitch Affirms Sri Lanka’s Dialog Axiata at ‘AAA(lka)’
Fitch Ratings has affirmed Sri Lanka's Dialog Axiata PLC's (Dialog) 'AAA(lka)' National Long-Term Rating, a statement said. The Outlook is Stable. KEY RATING …
UNDP Partners with the Private Sector to host Sri Lanka’s First National Summit on Foresight and Innovation
Ceylon Biscuits Limited and Holcim Lanka partners to co-finance Sri Lanka’s first National Summit on Foresight and Innovation for Sustainable Human …
SriLankan Airlines unveils oneworld priority signage at Colombo and Male Airports
SriLankan Airlines has unveiled oneworld priority signage at its Colombo hub, Bandaranaike International Airport and Male, its extended home market. The new …
More rain in Sri Lanka likely, depression turns to storm: Met Dept
May 19, 2016 (LBO) – Sri Lanka’s Met Department says the deep depression in the Bay of Bengal has intensified into a cyclonic storm ‘ROANU’ which is …
Textured Jersey closes 2015/16 on YTD net profit of Rs. 2.1bn, 63-pct growth
May 19, 2016 (LBO) - Sri Lanka's TJL Group (TJ), a knit fabric manufacturer said its year to date net profit was 2,172 million rupees while the revenue …
International Waters Conference Concludes in Sri Lanka
The 8th Global Environment Facility Biennial International Waters Conference (IWC) concluded last week with a high level segment by Mr. Karunasena …