Celogen Lanka opens USD6.6Mn pharmaceutical plant in Pallekelle
June 28, 2017 (LBO) - Celogen Lanka (Pvt) Ltd has opened a new pharmaceuticals manufacturing plant with an investment value of 6.6 million dollars at the BOI …
Ceylinco Life Fund crosses Rs80 bln mark
(PRESS RELEASE) The Life Fund of Ceylinco Life crossed Rs 80 billion in May 2017, making it the fastest-growing Life Fund in the local industry, the life …
Japanese ambassadors in five SAARC countries meet Foreign Minister Ravi
June 28, 2017 (LBO) - Japanese ambassadors in five SAARC countries India, Nepal, Maldives, Pakistan and Bangladesh met Foreign Minister Ravi Karunanayake …
GMOA says “NO” to President’s statement on SAITM
June 27, 2017 (LBO) - Sri Lanka's Government Medical Officers Association (GMOA) said Monday that they were not accepting President Maithripala Sirisena's …
Sri Lanka Economic Summit to discuss need for Smarter Trade Strategy
June 27, 2017 (LBO) - ‘Sri Lanka Economic Summit 2017’ will dig deeper into the island's trade reform agenda anchored towards new preferential trade …
Qatar Airways eyes investment in American Airlines
June 23, 2017 (LBO) - Qatar Airways, an airline faced with a middle-eastern diplomatic row, is looking at a stake in American Airlines, the airline said in a …
IB Growth Fund to increase share in Amana Bank through Rights Issue
June 23, 2017 (LBO) - Jeddah-based IDB Group's IB Growth Fund (Labuan) LLP has acquired 1,000 shares in Amana Bank, Thursday at 3.70 rupees each making way …
PM to head committee on UNHRC recommendations
June 22, 2017 (LBO) - Sri Lanka's Prime Minister Ranil Wickremesinghe will head a special committee to oversee implementation of United Nations Human Rights …
World Bank’s IFC to sell Sri Lanka rupee bonds
June 22, 2017 (LBO) - Sri Lanka's government has approved a proposal to establish an offshore Sri Lankan Rupee (LKR) Bond Programme by the International …
Sri Lanka inflation slows to 7.1-pct in May 2017
June 22, 2017 (LBO) - Sri Lanka's inflation according to the National Consumer Price Index (NCPI) was down to 7.1 percent in May 2017 from 8.4 percent in …
Jayathma Wickramanayake of Sri Lanka appointed as UNSG’s Envoy on Youth
(PRESS RELEASE) - United Nations Secretary-General’s office announced today (20th June) that Secretary General António Guterres has appointed Jayathma …
Huawei becomes Official Smartphone Partner of Sri Lanka Cricket Team
(PRESS RELEASE) - Huawei, the leading smartphone brand in Sri Lanka has entered into a partnership with Sri Lanka Cricket (SLC) as the Official Smartphone …
Infrastructure must be developed alongside admin, legal frameworks: Finance Minister
June 20, 2017 (LBO) - Sri Lanka wants to boost investments to make the country an export driven economic and financial hub of the Indian Ocean, the new finance …
Sri Lanka calls EOIs for ferry system in Colombo
June 19, 2017 (LBO) - Sri Lanka's Megapolis Ministry said it has called for expressions of interest to establish a ferry system in Colombo canals through a …
Sri Lanka’s Long Term Energy Generation Plan not in keeping with govt policy: SEMA
June 16, 2017 (LBO) - The Least Cost Long Term Generation Expansion Plan (LCLTGP) 2018-2037 proposed by the Ceylon Electricity Board (CEB) is not in line with …
Sri Lanka’s quality mall space shortage to continue: JLL
June 16, 2017 (LBO) - As Sri Lanka's tourist arrivals rise and the local consumer becomes more brand conscious along with demand for better quality goods and …
Sri Lanka poised for growth across all real estate asset classes: JLL
June 15, 2017 (LBO) - Sri Lanka is poised for growth across all real estate asset classes on the back of increased private sector participation in …
CSE announces changes to S&P index
Jun 14, 2017 (LBO) - The Colombo Stock Exchange (CSE) announced the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones …
UNICEF pledges USD50Mn for Sri Lanka’s children over next four years: Harsha
Jun 14, 2017 (LBO) - Sri Lanka's Deputy Minister of National Policy and Economic Affairs Harsha de Silva said that the United Nations Children's Fund, UNICEF, …
SriLankan Airlines adds three Indian cities to route network
Jun 13, 2017 (LBO) - SriLankan Airlines will further strengthen its presence in India with the launch of services to three more cities – Hyderabad, …