China special investment zone to create 1mn jobs in Hambantota
Jul 26, 2016 (LBO) – The Chinese government has requested for 15,000 acres of land in Hambantota for a special economic zone that will create around one …
Asian shares edge up on Wall Street lead, pre-Fed nerves limit gains
TOKYO, July 27 (Reuters) - Asian stocks edged up early on Wednesday following a relatively upbeat session overnight for U.S. and European stocks, with …
Malik assures ETCA and other FTAs won’t impact local jobs
Jul 26, 2016 (LBO) – Sri Lanka is currently at the formulating stage of Free Trade Agreements with China and Singapore and an “Economic Technology …
Sri Lanka CEB, LECO must keep regulatory accounts from 2017: PUCSL
Jul 26, 2016 (LBO) – Sri Lanka’s Public Utilities Commission (PUCSL) today launched training for regulatory accounts for Ceylon Electricity Board (CEB) and …
Sri Lanka’s Commercial Credit to be part of LankaPay ATM network
Jul 26, 2016 (LBO) – Sri Lanka’s Commercial Credit Finance joined the LankaPay Common ATM Network, recently. online pharmacy buy abilify with best prices …
New Sales head at Altair
Indocean Developers, the promoter of the Altair twin tower high rise, has announced the appointment effective 15th July, of Jay Dias as Head of Sales and …
Maga Engineering to rehabilitate rural roads at Rs13.2bn
Jul 26, 2016 (LBO) - Sri Lanka’s construction firm Maga Engineering was recently awarded the contract to rehabilitate and improve rural roads in four …
Commercial Bank in World’s Top 1000 Banks
The Commercial Bank of Ceylon PLC hasbecome the only Sri Lankan bank to be ranked among the Top 1000 Banks of the World for the sixth year running, setting yet …
Sri Lanka tea sees better demand at auction
Jul 14, 2016 (LBO) - Sri Lankan tea prices rose at this week’s Colombo auction with some prices up by 20-30 rupees, Forbes & Walker Tea Brokers said in …
UN Secretary General message on World Youth Day
Today’s world has the largest generation of youth in history. Their needs and potential are increasingly recognized in the international community. I am …
Sri Lanka FM statement following discussion with two visiting US Asst. Secretaries of State
It is a pleasure to welcome Assistant Secretary of State for South and Central Asian Affairs Nisha Biswal and Assistant Secretary of State for Democracy, Human …
Sri Lanka’s BOI signs 46 new Investment agreements in June
Jul 11, 2016 (LBO) - The Board of Investment of Sri Lanka has signed 46 new investment agreements totaling 982 million US dollars, a statement said. The …
Sri Lankan rupee trades weaker ahead of sovereign bond sale
July 11 (Reuters) - The Sri Lankan rupee fell as importers and banks bought dollars, speculating that foreign holders of the country's sovereign debt might …
Statement by Foreign Minister Mangala Samaraweera following bilateral talks with Chinese counterpart
It has been an honour and a great privilege to welcome to Sri Lanka the Minister of Foreign Affairs of the People’s Republic of China, H.E. …
ADB to increase funding up to USD2bn in next three years
Jul 08, 2016 (LBO) - Asian Development Bank said it will scale up lending to Sri Lanka to 2 billion US dollars in loans and equity in 2017 through 2019, a …
Sri Lankan rupee ends higher on banks’ dollar sales
July 8 (Reuters) - The Sri Lankan rupee ended firmer in one-week forwards on Friday, as foreign banks sold dollars on behalf of offshore investors to buy local …
Asia stocks steady, look to US jobs to soothe Brexit anxiety
July 8 (Reuters) - Asian shares were steady in early Friday trade as investors brace for U.S. jobs data to see if the world's no. 1 economy is resilient enough …
Sri Lanka power regulator warns CEB on long term generation plan
Jul 07, 2016 (LBO) – Sri Lanka’s Public Utilities Commission (PUCSL) has warned that immediate action was necessary and that the Ceylon Electricity Board …
Port City to increase local and foreign real estate demand: RIU
Jul 07, 2016 (LBO) - Colombo Port City project now incorporated under the overall Megapolis plan will create a rising demand for real-estate from local and …
Asia stocks bounce, upbeat U.S. data soothes nerves
July 7 (Reuters) - Asian share markets crept cautiously higher early on Thursday after upbeat U.S. economic data took the sting out of losses in European …