Asian stocks at 1-1/2 year highs on robust Wall St; dollar retreats
HONG KONG, Feb 16 (Reuters) - Asian stocks edged up to fresh 19-month highs on Thursday, helped by an extended rally on Wall Street and strong U.S. data though …
Sri Lanka senior citizens’ deposits up to Rs1.5Mn to get higher interest
Feb 15, 2017 (LBO) - Sri Lanka's Finance Ministry said that it will increase the upper limit up to 1.5 million rupees for 15 percent special interest paid on …
Indonesia donates 5,000MT of rice to Sri Lanka
Feb 15, 2017 (LBO) The Indonesian government will donate 5,000 metric tonnes of rice to Sri Lanka following a request of President Maithripala Sirisena …
New Zealand Aid Programme announces Commonwealth Scholarships for Sri Lanka
(PRESS RELEASE) - The New Zealand Government has announced its fresh round of Commonwealth Scholarships for Sri Lankan students who wish to commence …
Sri Lanka assumes Chair of Asia-Pacific Group at United Nations in Vienna
(PRESS RELEASE) - H. E. Ambassador Priyanee Wijesekera assumed the Chairmanship of the Asia-Pacific Group at United Nations in Vienna from Philippine. online …
WFP welcomes Sri Lanka’s national insurance scheme
Feb 15, 2017 (LBO) - Sri Lanka has taken a step forward in its policy making by introducing a national insurance scheme, the World Food Program said. online …
Hayleys 3Q16 profits grow by 8-pct to Rs.1.1Bn
(PRESS RELEASE) - Sri Lankan conglomerate Hayleys PLC’s profits after tax rose by 8% Year-on-Year (YoY) to reach Rs. 1.1 billion during the quarter ended …
South Asian stock exchange officials to meet in Colombo
Feb 14, 2017 (LBO) - The Colombo Stock Exchange (CSE) will host the executive committee board meeting for the current term of the South Asian Federation of …
Rice millers call for release of govt stock to maintain price control
Feb 14, 2017 (LBO) - Sri Lanka's Small and Medium Scale Rice Mill Owners’ Association says if they are to sell rice to consumers at a controlled price the …
DFCC launch ‘Vardhana Sahaya’ with govt initiated ‘Swashakthi’ for small enterprise sector
(PRESS RELEASE) - After six decades of nurturing small and medium businesses to become leading enterprises in their respective sectors, DFCC Bank is pleased …
Japanese company plans to invest USD 1Mn in mini hydro
Feb 13, 2017 (LBO) - Japan's Zero Plus Co. Ltd will invest one million dollars in a 700 kilowatt mini hydro project at Erathna in Ratnapura, TAD Lanka …
Sri Lanka puts in place competitive pricing for medium scale solar
Feb 13, 2017 (LBO) - Sri Lanka’s Power Ministry has decided to put in place a competitive pricing mechanism for medium scale solar power generation …
Sri Lanka’s Vehicle Lanka given approval on legal advice from AG: Fin Min
Feb 13, 2017 (LBO) - Sri Lanka's Finance Ministry says that Vehicle Lanka Pvt Ltd was given permission to engage in assembling of vehicles using spare parts on …
JLL Sri Lanka get new Managing Director, Steven Mayes
(PRESS RELEASE) - Jones Lang LaSalle (JLL), Sri Lanka’s leading real estate consulting firm, announced the appointment of Steven Mayes asfull-time …
Sri Lanka calls tenders for petroleum development in Mannar Basin
Feb 12, 2017 (LBO) - The Sri Lankan government is inviting expressions of interest for partners to undertake the appraisal and development of gas discoveries …
Yen slips after Trump-Abe meet, Asian shares firm
TOKYO, Feb 13 (Reuters) - The dollar rose against the yen on Monday on relief that U.S. President Donald Trump set aside tough campaign rhetoric over security …
Virtusa third quarter revenue up 3.4-pct
(PRESS RELEASE) - Revenue for the third quarter of fiscal 2017 was $217.2 million, an increase of 3.4% sequentially and 44.2% year-over-year. On a constant …
Ravi upset over Central Bank leaks, media portrayal
Feb 09, 2017 (LBO) - Sri Lanka's Finance Minister has expressed his concern about the leak of information with regard to closed door meetings at the island's …
Haycarb records turnover of Rs.9.4Bn and PBT of Rs.768Mn in Q3 2016/17
(PRESS RELEASE) - Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of Rs. 9.4 billion and profit before tax of Rs. 768 million for 9 …
Australia’s tourism skills development to start in East
Feb 09, 2017 (LBO) - Under the skills for inclusive growth program Australia will provide around 1.6 billion rupees in aid and technical assistance, to …