Sri Lanka to get Singapore technical assistance for Megapolis
Aug 11, 2016 (LBO) – Sri Lanka’s government will sign a Memorandum of Understanding with Singapore’s International Enterprise Singapore to get assistance …
Sri Lanka cabinet approves Special Deposit Account Act for foreign nationals
Aug 10, 2016 (LBO) - Sri Lanka’s cabinet has decided to approve the Special Deposits Account Act to grant residency visas for foreign individuals who bring a …
No more aircraft for Sri Lankan; reports not submitted: COPE
Aug, 10, 2016 (LBO) – The Committee on Public Enterprises (COPE) of Sri Lanka’s parliament has recommended that SriLankan airlines officials not to go …
Brandix bags 11 awards at Presidential Export Awards, ranked Sri Lanka’s top exporter in 2014 & 2015
(PRESS RELEASE) - The Brandix Group won a remarkable 11 awards including the Exporter of the Year awards for 2014 and 2015 at the Presidential Export Awards …
Asian shares near 1-year high, dollar slips after soft U.S. data
TOKYO, Aug 10 (Reuters) - Asian shares held near one-year highs on Wednesday as investors pared expectations slightly for a Federal Reserve interest rate …
Sri Lanka needs to accelerate broadband development: Harin
Aug 09, 2016 (LBO) - Sri Lanka's government says that as the island embarks on a journey of transformation to become a digitally enabled and empowered society, …
Asia shares up as yield hunt drives record flows, pound slips
SYDNEY, Aug 9 (Reuters) - Asian shares stood atop one-year peaks on Tuesday as investors' desperate search for yield drove a record inflow into emerging market …
ROYAL TURF CLUB COMMENCES RACES ON 20 AUGUST
Nuwara Eliya is going to be buzzing again. It was almost as if the town had gone into hibernation thanks to the rain in the months of June and July, But …
Promoting Biogas among Local Technical Officers for Greener and Sustainable Construction Efforts
(PRESS RELEASE) - Janathakshan Gte Ltd and People in Need, Cz conducted a biogas awareness and promotional workshop on renewable energy, biogas and waste …
Asian stocks rise as investors hunt for yield; Aussie shines
HONG KONG, Aug 8 (Reuters) - Investors flocked to higher-yielding assets on Monday after strong U.S. jobs data on Friday lifted confidence - driving up Asian …
PUCSL says gaps in new CEB generation plan, 300MW LNG approved
Aug 08, 2016 (LBO) – Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has not given the full nod for the Ceylon Electricity Board’s (CEB) …
Rio Olympics 2016 commence today, nine Sri Lankan athletes compete
Aug 05, 2016 (LBO) – Nine athletes from Sri Lanka have traveled to compete in eight events at the 2016 Summer Olympic Games which will officially begin in …
Sixty SMEs from the Eastern and Central Provinces joins SME ProLink to strengthen business
SME Pro-Link, an initiative of the GIZ and CCC and which was launched last year is planning to launch its 2nd phase. Accordingly, the second “SME ProLink: …
Asia gains on BoE easing boon, key US jobs data awaited
TOKYO, Aug 5 (Reuters) - Asian shares joined a rise in global stock prices on Friday after the Bank of England (BoE) launched a potent post-Brexit …
Sri Lanka tourist arrivals up 19-pct in July, crosses 1mn
Aug 05, 2016 (LBO) - Sri Lanka's tourist arrivals in July were up 19 percent to 209,351, with China and India showing the strongest growth, the state tourism …
Sri Lanka to look at new exports in boat building, pharmaceuticals, IT/BPO: EDB
Aug 04, 2016 (LBO) - Sri Lanka is seeking to expand its export basket as it is essential that the island looks at export diversification and finds new markets, …
BoE rate call looms, Asian shares firm as oil rebounds for now
TOKYO, Aug 4 (Reuters) - Investors are counting on the Bank of England to cut interest rates to a record low 0.25 percent later on Thursday to support an …
Distilleries share swap gets court go ahead
Aug 03, 2016 (LBO) - Sri Lanka's courts granted permission to shareholder of Distilleries Company for a plan to swap stock with Meltacorp Limited, a statement …
Fitch Rates Commercial Bank of Ceylon’s Subordinated Debt ‘AA- ( lka)(EXP)
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (CB; AA(lka)/Stable) proposed subordinated debentures of up to LKR7bn an expected National LongTerm …
Minister of Foreign Affairs, Canada and UNDP inaugurate Jaffna’s only Siddha Medicine Center
(PRESS RELEASE) - Honourable Stéphane Dion, Minister of Foreign Affairs of the Government of Canada and Her Excellency Shelley Whiting, Canadian High …