Sri Lanka’s Softlogic gets Baskin-Robbins master franchise
May 19, 2017 (LBO) - Sri Lanka's Softlogic Group has, through it's fully-owned subsidiary Softlogic Restaurants, entered into an Asset Sale and Purchase …
Sri Lanak’s Teejay reports 24-pct revenue growth in volatile 2016/17
(PRESS RELEASE) - Teejay Lanka PLC (formerly Textured Jersey), the Sri Lanka headquartered world-class knit fabric solutions provider, has reported revenue of …
Hemas after-tax profit up 28-pct to Rs3.8Bn in FY17
May 18, 2017 (LBO) - Hemas Holdings Plc Wednesday announced an after-tax profit of 3.8 billion rupees for the year ended 31 March 2017, reflecting a 28.3% …
Sri Lanka’s petroleum unions warn of another strike next week
May 17, 2017 (LBO) - The Ceylon Petroleum Corporation (CPC) unions have in a letter informed the Premier that they will re- commence halted strike action next …
Sri Lanka regains EU’s GSP+ tariff benefits this week
May 17, 2017 (LBO) - Sri Lanka will regain it's GSP+ benefits with effect from Friday (19th May) after an official publication of the re-entry to the scheme in …
Sri Lanka to add 500MW to grid in 2018; includes oil-based power
May 17, 2017 (LBO) - Sri Lanka's Ceylon Electricity Board plans to add 500 megawatts (MW) of capacity in 2018, consisting of 15MW of mini hydro power, 160MW of …
South Asian ports must improve interrelated efficiency: World Bank
May 16, 2017 (LBO) – South Asia could grab a bigger share of international trade, but inefficiencies in its ports threaten to hinder progress and stop it …
Virtusa Polaris Named Among UK’s Top Employers
(PRESS RELEASE) - VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide …
Commercial Bank makes strong start to 2017 in all key performance areas
(PRESS RELEASE) Loan book tops Rs 659 billion Deposits gain momentum to Rs 781 billion Increased cost of funds reduce margins Higher taxes impact bottom line …
Sri Lanka govt borrowed 22-pct less than what parliament approved: Ravi
May 15, 2017 (LBO) - Sri Lanka's Finance Minister stressed on Sunday that the Government was not on a borrowing spree as claimed by the joint opposition and …
Sri Lanka’s forest-based strategy to combat climate change
(PRESS RELEASE) - Colombo, Sri Lanka, 9th May, 2017: It is now an established fact that the root cause of rapidly increasing changes in climatic conditions …
Jinasena launches solar irrigation with increased efficiency
May 12, 207 (LBO) - Sri Lanka's Jinasena (Pvt) Limited, a water management systems and solutions provider, launched a new solar irrigation system that pumps 10 …
Sri Lanka to rollout waste disposal centres, other steps
May 09, 2017 (LBO) - Sri Lanka's cabinet has approved, as part of long-term solutions for the management of municipal solid waste generated in the western …
Opinion: FDI in Sri Lanka, a real estate perspective
By Steven Mayes, Managing Director JLL Lanka The significance of Foreign Direct Investment to an economy such as Sri Lanka’s cannot be overstated. Its …
Sampath Bank surpasses Rs 2Bn mark for PTP in quarter ended March 31
(PRESS RELEASE) - Sampath Bank surpassed Rs 2.0 billion mark to achieve post tax profit (PTP) of Rs 2.3 billion for the quarter ended March 31, 2017. This …
Lankem Ceylon buys 100-pct of bottle maker Kiffs
May 08, 2017 (LBO) - Sri Lanka's Lankem Ceylon said it had bought a 100 percent stake in Kiffs (Private) Ltd, a pet bottle maker for 225 million rupees. online …
Sri Lanka tourist arrivals up 17.5-pct in April 2017
May 05, 2017 (LBO) - Tourist arrivals in Sri Lanka rose 17.5 percent to 160,249 in April, after falling in the previous two months, with growth in the islands …
RTI can be game changer in Sri Lanka’s path to prosperity: World Bank
May 05, 2017 (LBO) - Sri Lanka's newly enacted Right to Information (RTI) Act if used effectively can be key for the country’s transition to upper-middle …
Cabinet approves Inland Revenue, NBT Acts, revision of cess levy
May 04, 2017 (LBO) - Sri Lanka's cabinet has given the go ahead to gazette and present in Parliament the new Inland Revenue Bill, as proposed in budget 2016. …
France to provide 30 mil euros for green energy in Sri Lanka
May 04, 2017 (LBO) - Sri Lanka will enter into a loan agreement with the French Agency for Development (AFD) to fund projects for green energy development and …