Over one million Sri Lankans affected by drought
Jan 23, 2017 (LBO) - Sri Lankans have been warned to conserve water and electricity with over a million persons affected so far by drought as crop output …
Dollar slips, Asian shares defensive after Trump’s protectionist address
TOKYO, Jan 23 (Reuters) - The dollar slipped and Asian shares were on the defensive on Monday as worries about President Donald Trump's protectionist policies …
IMF commends Sri Lanka on economic progress made so far
Jan 23, 2017 (LBO) - The International Monetary Fund (IMF) has commended the new strategy of Sri Lankan government to create financial discipline and lead the …
Sri Lanka President to appoint committee to investigate bond scam
Jan 23, 2017 (LBO) - Sri Lanka's President Maithripala Sirisena said he would appoint a commission to investigate and recommend actions for an alleged bond …
Sri Lanka sells USD458mn in fixed and floating rate bonds
Jan 20, 2016 (LBO) - Sri Lanka has sold fixed and floating rate dollar denominated bonds worth US 458 million dollars, a statement said. The Central Bank …
First Capital Holdings signs MOU with Oxford Business Group
(PRESS RELEASE) - Sri Lanka’s efforts to boost capital inflows through the gradual liberalisation of its trade and investment laws will be explored in a …
Sri Lanka’s Swarnamahal Financial Services transferred to default board
Jan 19, 2017 (LBO) - Sri Lanka's Swarnamahal Financial Services (SFS) has been transferred to default board with with immediate effect following …
Sri Lanka president advises officials to brace for impending drought
Jan 19, 2017 (LBO) - Sri Lanka's President Maithripala Sirisena has held a discussion to look into the preparations at ministerial level to provide essential …
New leasing scheme for vehicles comes into effect
Jan 18, 2017 (LBO) - Central Bank of Sri Lanka has advised commercial banks and leasing companies to follow new regulations in granting loans for vehicle …
Iconic Galaxy breaks ground, ready for occupation by end 2020
(PRESS RELEASE) - Colombo: January 18 2017: Leading infrastructure and property developer, Iconic Developments Ltd, the developer of Iconic 110 Parliament …
Sri Lanka introduces guidelines for consumers who can’t pay for new electricity connection
Jan 18, 2017 (LBO) - Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, has introduced guidelines for those who are not able …
Standard Chartered’s “Welcome to the jungle” Global Research Briefing 2017
(PRESS RELEASE) - 18 January 2017, Colombo, Sri Lanka – Standard Chartered’s Global Research Team has included Sri Lanka as part of its Global Research …
Sri Lanka’s Ape’ SmartHome system wins Eco-Innovation Award 2016
(PRESS RELEASE) - Innovative Smart Solution’s (iS2), Ape' SmartHome system creator W.M. Jeremy Fernando was ajudged the winner of the Merrill J. Fernando …
Sri Lanka’s industrial output up 4.5-pct in November
Jan 18, 2017 (LBO) - Sri Lanka's Index for Industrial Production (IIP) shows volume of industrial production rose 4.5 percent in November 2016 when compared …
Sterling basks in glow of May’s Brexit speech; stocks slip
HONG KONG, Jan 18 (Reuters) - The British pound consolidated gains on Wednesday after posting its biggest rise in nearly two decades in the previous session, …
Asia stocks and pound weak, brace for May’s speech on Brexit stance
TOKYO, Jan 17 (Reuters) - Asian stocks and the pound sagged on Tuesday as investors waited for British Prime Minister Theresa May to lay out plans to …
Coca-Cola eyes Sri Lanka for production facility: Fin Min
Jan 17, 2017 (LBO) - International beverage company Coca-Cola has expressed their interest in setting up a production hub in Sri Lanka, the Finance Ministry …
Sri Lanka’s JKH files patent on energy storage nanomaterial
Jan 16, 2017 (LBO) - Sri Lanka's John Keells Holdings plc filed its first patent jointly with the Council for Scientific and Industrial Research (CSIR) India, …
Hayleys unveils Sri Lanka’s largest capacity solar power plant in Welikande
Jan 16, 2016 (LBO) - Hayleys Group PLC, together with Windforce Pvt Ltd, have commissioned their 10 megawatt solar power plant. Located in Welikande in the …
Sri Lanka prepared for power crisis in 2017: Minister
Jan 16, 2017 (LBO) - Sri Lanka's power minister says that steps have been taken to face the hydro power generation loss due to the record drought in 2016. …