President says Govt. lost Rs. 2Bn from Lotus Tower project
Sep 17, 2019 (LBO) - Sri Lanka's President Maithripala Sirisena said that there were issues concerning the Lotus Tower project where an estimated 2 billion …
Sri Lanka’s Economic Summit 2019 Opens Today
Sep 17, 2019 (LBO) - The Sri Lanka Economic Summit (SLES) 2019 themed on Re-calibrating Sri Lanka’s Economic Trajectory Towards 2025, to guide Sri Lanka’s …
Capitol TwinPeaks boosts expat segment confidence in Sri Lanka real estate
Colombo, Sri Lanka - September 2019 - Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, has …
Lotus Tower, tallest in South Asia to open today
Sep 16, 2019 (LBO) - The Lotus Tower in Sri Lanka, the tallest in South Asia, will be open to the public from today. The 350 m tall Tower was constructed at a …
Demand builds for islands first state run automotive service hub
Sep 16, 2019 (LBO) - Sri Lanka's first ever state run wheel alignment centre (WAC) for four wheel light vehicle class was launched in September has seen demand …
Fin Min orders investigation on liquor licenses issued without approval
Sep 16, 2019 (LBO) - Sri Lanka's Finance Minister has orderd authorities to investigate and report to him on how liquor licenses were issued for taverns …
EU delegation visits Katunayake export zone
Sep 16, 2019 (LBO) - A delegation consisting of five senior officials of the European Commission visited the Katunayake Export Processing Zone recently in …
Fitch affirms Hatton National Bank at ‘AA-(lka)’; Outlook stable
Fitch Ratings has affirmed Sri Lanka-based Hatton National Bank PLC's (HNB) National Long-Term Rating at 'AA-(lka)'. The Outlook is Stable. At the same time, …
FM Marapana calls for peaceful engagement in Indian Ocean at IORA conference
Sep 11, 2019 (LBO) - Foreign Minister Thilak Marapara called for cooperation and peaceful engagement in the Indian Ocean maritime domain by IORA members for …
Sri Lanka reduces fuel prices
Sep 11, 2019 (LBO) - Sri Lanka’s government has decided to reduce the petrol and diesel prices with effect from mid-night, yesterday the Finance Ministry …
UNP internal crisis shows real democracy exists within party: Sajith
Sep 10, 2019 (LBO) - United National Party Deputy Leader, Minister Sajith Premadasa says that although some internal crisis are seen inside the party to those …
Fitch downgrades China and US growth on trade dispute
Sep 10, 2019 (LBO) - Disruptions from the sharp escalation in the US-China trade dispute are darkening the global economic outlook, causing us to revise our …
Sri Lanka Rupavahini Corp gazetted under MoD
Sep 10, 2019 (LBO) - A gazette notification has been issued to bring the Sri Lanka Rupavahini Corporation (SLRC) under the control of the Ministry of Defence …
CCC biz conclave draws foreign participants for agri, power , tourism, exports, infrastructure
Sep 09, 2019 (LBO) - The Sri Lanka Investment and Business Conclave 2019 has shown a rise in interest for agriculture, power and energy, infrastructure …
Sri Lanka Singapore Business Council promotes Brand SL and showcases tech talent
SLSBC over the years has played the role of the catalyst to its members and other Sri Lankan corporates to promote bilateral trade between the two countries. …
SL and Australia to strengthen cooperation to counter people smuggling
Sep 06, 2019 (LBO) - Sri Lanka and Australia have re-dedicated themselves to counter people smuggling and discussed in detail avenues for strengthening …
Sri Lanka Tourism launches one-day license renewal service for service providers
Sep 05, 2019 (LBO) - As an initiative to facilitate the renewal of licenses much faster which is an annual requirement and to deliver enhanced satisfaction to …
Sri Lanka tourist arrivals drop in Aug 2019: Europe picks up
Sep 05, 2019 (LBO) - The total number of international tourist arrivals to Sri Lanka during August 2019 was 143,587, a decline of 28.3 percent when compared …
Union Bank explores strategic options for subsidiary, UB Finance
Sep 03, 2019 (LBO) - Sri Lanka’s Union Bank said that it was in discussions with identified investor/s to explore strategic options for its subsidiary, UB …
CCC holds 18th AGM of Sri Lanka – China Business Council
Sep 03, 2019 (LBO) - The 18th annual general meeting of the Sri Lanka – China Business Council (SLCHBC) of the Ceylon Chamber of Commerce was held recently …