MAS opens 2nd industrial park, plans to invest USD 28mn in export oriented projects
(PRESS RELEASE) - With the beginning of the New Year, MAS Holdings makes preparations to commence operations at the MAS Fabric Park in Giriulla. This will …
Sri Lanka’s main airport check-in time increases
Jan 05, 2017 (LBO) - Sri Lanka's Bandaranaike International Airport day-time shut down for a runway repair has resulted in airport authorities increasing the …
Sri Lanka to have coordinating authority for science, technology and innovation
Jan 05, 2017 (LBO) - Sri Lanka’s Cabinet of Ministers has given the go ahead for setting up of a science, technology and innovation coordinating authority …
Govt approves water and wastewater investments for Colombo
Jan 05, 2017 (LBO) - Sri Lanka's cabinet has given the nod for a greater Colombo water and wastewater management improvement investment programme, a statement …
Asanga Ranasinghe Appointed to LAUGFS Boards
(PRESS RELEASE) - LAUGFS Holdings, a diversified business conglomerate, announced the appointment of Asanga Ranasinghe to the Boards of LAUGFS Holdings and …
Asian markets and oil up following Wall Street gains
HONG KONG, Jan 5 (Reuters) - Asian stocks edged higher on Thursday, underpinned by a firm Wall Street after minutes from the Federal Reserve's December meeting …
ICICI Bank Joins Sri Lanka’s LankaPay Common ATM Network
(PRESS RELEASE) - ICICI Bank, India's largest private sector bank by consolidated total assets, recently joined ‘LankaPay Common ATM Network’, the …
Asia stocks pressured by Wall Street, dollar holds below 14-yr peak
SINGAPORE, Dec 23 (Reuters) - Asian stocks stepped back in subdued trade on Friday as Wall Street took a breather from its relentless rise since the …
Finance Min releases Rs7 bn to farmers for Maha season
Dec 21, 2016 (LBO) - The Finance Ministry will release 7 billion rupees to paddy farmers as a fertilizer subsidy during the Maha cultivation season, the …
Sri Lanka approves feasibility for 100MW solar park
Dec 21, 2016 (LBO) - Sri Lanka's cabinet of ministers has approved a feasibility study for construction of a 100 megawatt solar park in Siyambalanduwa, …
Strong safeguards must accompany Asia’s infrastructure drive: ADB
Dec 21, 2016 (LBO) - Asia’s spending on growth-boosting infrastructure is set to get a tailwind from development financing while the safeguard systems used …
Sri Lanka’s BoC to open subscription for Rs8 bn debenture
Dec 20, 2016 (LBO) - Sri Lanka’s state run Bank of Ceylon is opening the subscription list of its 8th listed Rupee debenture issue on 21st December 2016. …
Sri Lankan rupee edges down on mild importer dollar demand
COLOMBO, Dec 19 (Reuters) - The Sri Lankan rupee slipped on Monday on mild importer dollar demand, as the market braced for declines in the local currency with …
Sri Lanka govt revenue up 23-pct: Finance Ministry
Dec 19, 2016 (LBO) - Sri Lanka's Finance ministry says that state revenue has increased by 23 percent during the first nine months of this year compared with …
Asia stocks find relief as China set to return seized US drone
TOKYO, Dec 19 (Reuters) - Asian shares steadied in early trade on Monday after China agreed to return a U.S. drone it had seized, easing worries about …
Sri Lankan rupee weakens as c.bank raises reference rate after Fed move
COLOMBO, Dec 15 (Reuters) - The Sri Lankan rupee edged lower on Thursday as the central bank raised the spot reference rate further, a day after the U.S. …
PUCSL warns of power shortages in Q1 2017
Dec 15, 2016 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the regulator of the state-run CEB, issued a warning after observing the risks in …
Sri Lanka vulnerable to direct and indirect effects of sustained capital outflows: Moodys
Dec 15, 2016 - Sri Lanka has been named as one of the countries that have the highest vulnerability to the direct and indirect effects of sustained capital …
Hong Kong, China stocks fall after Fed rate hike
SHANGHAI, Dec 15 (Reuters) - Hong Kong stocks slumped on Thursday morning along with other Asian markets, after the U.S. Federal Reserve raised interest rates …
CSE shines at the ‘Great HR Quiz 2016’ organized by IPM
(PRESS RELEASE) - Two teams representing the Colombo Stock Exchange (CSE) were placed as the winner and the runner up under the ‘Special Category’ at the …