SriLankan Airlines incurs to Rs.13Bn loss in first 4 months of 2019
Jul 02, 2019 (LBO) - State-run SriLankan Airlines total loss has increased to 12,961 million rupees in the first four months of 2019, a new report said. The …
Sri Lanka public servant pay hike effective from today
Jul 01, 2019 (LBO) - The salary increment and other allowances for public servants proposed by Finance Minister Mangala Samaraweera in his budget 2019 is …
Death penalty sends wrong signal to investors: EU
Jun 28, 2019 (LBO) - The European Union has issued a statement opposing the revival of the death penalty, saying it will send wrong signals to investors and …
SLASSCOM and AWS collaborate to position Sri Lanka as hub for data science and AI
Jun 28, 2019 (LBO) - To position Sri Lanka as a hub for data science and artificial intelligence (AI) skills, the Sri Lanka Association of Software and …
Land prices in greater Colombo increase up to 64-pct: Lanka Property Web report
Jun 28, 2019 (LBO) - Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in land …
Sri Lanka updates HRC on measures taken to advance human rights, peace and security
Jun 26, 2019 (LBO) - The Sri Lanka delegation to the Human Rights Council briefed the Council on progress made in addressing human rights concerns, national …
Comm Bank commences acceptance of LankaPay-JCB cards
Jun 25, 2019 (LBO) - Sri Lanka's Commercial Bank of Ceylon has become one of the first banks in Sri Lanka to have its point-of-sale (POS) network accept …
CICT voted best container terminal in Asia
Jun 21, 2019 (LBO) - The CMPort managed Colombo International Container Terminal (CICT), the only deep water terminal in the Port of Colombo, has been voted …
Sri Lanka GDP accelarates to 3.7-pct in Q1 2019
June 20, 2019 (LBO) - Sri Lanka's economic growth rate is estimated as 3.7 percent for the first quarter of 2019, data from the state statistics office show. …
Sri Lanka CB launch roadmap for sustainable finance
Jun 20, 2019 (LBO) - The Central Bank launched the roadmap for sustainable finance in Sri Lanka and hosted a high-level seminar for senior officers of …
Sri Lanka’s real estate and construction industries continue stoically, post Easter Attack
(PRESS RELEASE) - Sri Lanka’s construction sector which ranks as the 5th highest in the nations GDP earnings, after Services, Manufacturing, Agriculture and …
Advocata commends Government’s decision to shut down SaluSala
Jun 19, 2019 (LBO) - Advocata Institute commends President Maithripala Sirisena’s directive to shut down the loss-making, state-owned handloom enterprise …
Fin Min tells Parliament that Q1 2019 growth will rebound to 3.5-pct
Jun 19, 2019 (LBO) - Sri Lanka's economic growth has increased to 3.5 percent of gross domestic product in the first quarter of 2019, Finance Minister …
Sri Lanka vehicle registrations down in May 2019
Jun 19, 2019 (LBO) - Vehicle registrations across the board slowed except for 2 wheelers, mini and light trucks during the period May 2019, a new report shows …
Ritz-Carlton Residence and Hotel Tower reaches 30th floor
Jun 17, 2019 (LBO) - Keeping its promise to its client’s and stakeholders, developers of The Ritz-Carlton Hotel and Residence, Colombo, The One Transworks …
Sri Lanka BoI sign USD1.6Mn Yala hotel deal with Spanish firm
Jun 14, 2019 (LBO) - The Board of Investment of Sri Lanka signed an Agreement with Putus Brother’s Sustainable Developments (Private) Limited to build, …
Data on violence against women crucial to understanding magnitude of issue: Report
Jun 14, 2019 (LBO) - One in three female homicides in Sri Lanka are related to intimate partner violence and 69 percent of such incidences go unreported, …
Sri Lanka launches National Digital Roadmap
Jun 12, 2019 (LBO) - Sri Lanka Telecom yesterday marked a special milestone in the country’s digital journey towards SMART Sri Lanka with the launch of the …
Japanese investor reiterates confidence in Sri Lanka
Jun 12, 2019 (LBO) - President of Tosslec Co. Ltd, Kyoto, Japan Jitsuo Mikasa, a Japanese investor has reaffirmed that his company would continue to invest in …
Employee group opposes alleged privatisation of profitable Litro Gas
Jun 12, 2019 (LBO) - The Litro Surakime Jathika Ekamuthuwa (LSJE) or Litro Surakeeme National Unity, a newly formed employee union, has intensified its …