Sri Lankans consume quarter of recommended dairy intake: experts
Feb 27, 2017 (LBO) - Helping local farmers overcome challenges through training will lead to a thriving dairy industry by addressing nutritional gaps and …
Brandix helps 5,700 children with gifts of stationery and school bags
(PRESS RELEASE) - More than 5,700 children received gifts of stationery, other school requisites and a school bag each for the new school year under a new …
ikman.lk experiences positive growth with ‘Buy Now’
(PRESS RELEASE)- COLOMBO: ikman.lk- Sri Lanka’s largest marketplace –announced positive growth over the past several months on the site’s popular …
Govt approves USD 75mn loan from WB for financial sector
Feb 23, 2017 (LBO) - Sri Lanka will obtain a credit of Special Drawing Rights equivalent to US 75 million dollars from the International Development Agency of …
Hotel Nippon opens to public after Rs400mn refurbishment
Feb 23, 2017 (LBO) - Sri Lanka's Hotel Nippon has reopened for tourists looking for a more sophisticated level of accommodation with a 400 million rupee …
Seylan Bank Profit After tax exceeds Rs.4Bn in 2016
(PRESS RELEASE) Results at a glance • Total assets up by 20% to Rs. 356Bn • Net Loan book grows by 22% to Rs. 236Bn • Customer deposits grows by 22% to …
Commercial Bank becomes 1st private bank to cross Rs.1Tr in assets
(PRESS RELEASE) • Loan book and Deposits both grow by more than Rs 100 billion in 12 months • Bank pays Rs.9.385 billion by way of direct taxes The …
Sri Lanka’s BPPL Holdings latest entrant to CSE with IPO
Feb 22, 2017 (LBO) - Sri Lanka's BPPL Holdings Limited, (Beira Group), a leading brush manufacturer, will be entering the Colombo Stock Exchange next month …
Sri Lanka rated ‘Mostly Unfree’ in new report: Heritage Foundation
Feb 21, 2017 (LBO) - Sri Lanka slipped to be rated as a ‘Mostly Unfree’ country this year in the Index of Economic Freedom, with the lack of government …
Sri Lanka sets up WTO backed mechanism for export compliance
(PRESS RELEASE) - Recording a pioneering initiative in Sri Lanka’s exports history, the country is moving to set up the first ever national level mechanism …
President inaugurates 4th SAARC Public Procurement Conference
(PRESS RELEASE) - The Fourth South Asia Region Public Procurement Conference commenced under the patronage of President Maithripala Sirisena in Colombo, …
Sri Lanka Participates in SATTE Travel Exhibition in New Delhi, India
(PRESS RELEASE) - Forty seven Sri Lankan companies, Sri Lanka Tourism Promotion Bureau and Sri Lankan Airlines participated at the South Asia Travel & Tourism …
World’s largest car, truck carrier to call at Hambantota port
Feb 20, 2017 (LBO) - MV Hoegh Tracer, the world’s largest pure car and truck Carrier (PCTC), belonging to Hoegh Autoliners AS, Oslo, is scheduled to call at …
Asia shares adrift for US holiday, focus on Unilever
SYDNEY, Feb 20 (Reuters) - Asian share markets were mixed on Monday as political uncertainty globally kept the mood cautious, while the U.S. dollar recouped …
Sri Lanka-Singapore FTA to be finalised in 2017: Singapore PM
Feb 20, 2017 (LBO) - The Free Trade Agreement (SLSFTA) between Sri Lanka and Singapore will hopefully be finalised this year, Singapore Prime Minister Lee …
Sri Lanka to forge ahead despite external pressures: Ravi
Feb 17, 2017 (LBO) - Sri Lanka's finances are improving despite global turmoil, Brexit and higher interest rates in the US, backed by a Fitch Ratings outlook …
Sri Lanka’s NITF gets reinsurance cover for agriculture
Feb 17, 2017 (LBO) - Sri Lanka's National Insurance Trust Fund says they have procured a reinsurance program for its agriculture insurance schemes. "This …
Softlogic Holdings turnover crosses Rs. 45 Bn, up 9.9-pct
Earnings Review - Group’s cumulative turnover crossed Rs. 45 Bn (up 9.9%) for period ending 31 December 2016 while the quarterly revenue …
Australia and Sri Lanka sign new partnership agreement
Feb 16, 2017 (LBO) - Australia and Sri Lanka have signed a new development cooperation partnership during Prime Minister Ranil Wickramasinghe’s visit to …
Sri Lanka to import 40,000MT of edible oil, Reduce levy on coconut oil
Feb 16, 2017 (LBO) - Sri Lanka's Cabinet has approved to amend the special commodity levy on coconut oil and related products to allow importation of 40,000 …