Lanka Sathosa to open 50 branches next week
Mar 21, 2017 (LBO) - Sri Lanka’s state-owned retail network Sathosa will open 50 branches next week while targeting 500 branches by end of 2017 and then …
Ceylon Tea Boutique Attracts a Large Number of ITB Visitors
(PRESS RELEASE) - Ceylon Tea being among the most recognized tea brands in the world, were amongst the most popular items for the German visitors who visited …
Fairfax consolidates Sri Lanka insurance operations
Mar 20, 2017 (LBO) – Fairfax Financial Holdings Limited (Fairfax) announced that it has successfully completed the amalgamation of Fairfirst Insurance …
Ravi urges investors to make use of opportunities in Sri Lanka: summit
Mar 18, 2017 (LBO) - Sri Lanka offers investment opportunities that provide secure and diverse business options as the country has been achieving economic …
Sri Lanka BIA runway renovation ahead of schedule
Mar 17, 2017 (LBO) - Sri Lanka's renovation of the Bandaranaike International Airport (BIA) runway is expected to be completed ahead of schedule, the minister …
Sri Lanka’s HNB cancels EGM to appoint new director
Mar 17, 2017 (LBO) - Hatton National Bank has said that a scheduled Extra-Ordinary General Meeting (EGM) for March 27, will not be held.online pharmacy …
Sri Lankan Crew and ‘Aris 13’ Vessel hijacked by Pirates released late last night
(PRESS RELEASE) - The Ministry is pleased to announce that the vessel ‘Aris 13’ that was hijacked by pirates was released late last night/ early this …
Sri Lanka to raise USD 1Bn by listing SOEs: Finance Minister
Mar 16, 2017 (LBO) - Sri Lanka's government plans to raise one billion US dollars by listing non-strategic enterprises on the capital market this year, Finance …
Sri Lanka CSE woos investors from Australia and New Zealand
Mar 16, 2017 (LBO) - The Colombo Stock Exchange (CSE) will host a series of ‘Invest Sri Lanka’ Forums in Australia and New Zealand promoting capital market …
Sri Lanka Investment Summit opens in Hong Kong tomorrow
(PRESS RELEASE) - The second Sri Lanka Investment Summit will be held in Hong Kong March 16 2017. Sri Lankan economic specialists and Asian investors are …
Sri Lanka to sign statements of corporate intent with key SOEs
Mar 15, 2017 (LBO) - Sri Lanka's government will sign Statements of Corporate Intent (SCIs) with five state-owned enterprises: Ceylon Electricity Board, Ceylon …
Min Malik Samarawickrama meets EU Trade Commissioner in Brussels
(PRESS RELEASE) - Development Strategies and International Trade Minister Malik Samarawickrama accompanied by Ambassador Rodney Perera met with European …
Sri Lanka sells USD973mn in dollar denominated bonds
Mar 15, 2017 (LBO) - Sri Lanka's government has sold 973.25 million dollars worth of bonds in one-, two-, three- and five-year periods with the majority …
DFCC Bank ties up with ThePapare.com for March Madness
(PRESS RELEASE) Tuesday, March 14th 2017, Colombo: In yet another awareness initiative under DFCC Bank’s ‘Know & Grow’ campaign aimed at empowering …
Sri Lanka’s manufacturers make steady progress: OBG
Mar 15, 2017 (LBO) - Rising demand and expectations of stronger sales should sustain growth in Sri Lankan manufacturing in 2017, though labour shortages will …
Germany’s TUI to develop hospitality training in Sri Lanka
Mar 14, 2017 (LBO) - Germany's TUI Group, a leading tour operator, said it would be expanding operations in Sri Lanka to assist in developing hospitality …
Sri Lankan artist exhibition inspired by fashion to open CFW
Mar 10, 2017 (LBO) - Under the theme 'Celebrate Colombo,' Colombo Fashion Week (CFW) will include a new initiative called 'Art Connect' which will exemplify …
Sri Lanka Port Authority records Rs11bn in profits for 2016
Mar 10, 2017 (LBO) - The Sri Lanka Ports Authority made profits of 11 billion rupees in 2016 while recording a revenue of 44 billion rupees, the Ports Ministry …
Shangri-La opens luxury paradise apartments for viewing
(PRESS RELEASE) - Colombo’s once static skyline is now in the midst of a vast transformational process and at the forefront of this immense development is …
Indonesia, Sri Lanka to strengthen trade and economic ties
Mar 09, 2017 (LBO) Sri lanka's President Maithripala Sirisena, who is on a state visit to Indonesia, met with President Joko Widodo Wednesday with a proposal …