AmCham appoints new Board of Directors for 2018/2019
(Press release) - The 26th Annual General Meeting of the American Chamber of Commerce in Sri Lanka (AmCham) was held in September at the Hilton Colombo …
Mangala reveals fuel pricing formula
Oct 18, 2018 (LBO) - Sri Lanka's Finance Minister Mangala Smaraweera reveled to media the recently introduced fuel price formula calculation method following …
Western Union & Sampath Bank offer international money transfer services in Sri Lanka
(PRESS RELEASE) - Western Union, a leader in cross-border, cross-currency money movement and Sampath Bank, one of Sri Lanka’s leading private commercial …
Pharma industry withdraws 11 drugs from market: Importing not commercially viable
Oct 17, 2018 (LBO) - The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) in a statement to media said that despite persistent appeals, the Government has …
Mitra announces strategic plans to expand SL company in 2019 and rapidly growing ASEAN and East African regions
Oct 16, 2018 (LBO) - Mitra Innovation announced its plans for rapid global expansion this week, during their annual leadership and strategy programme in …
Sri Lanka’s growth to recover and remain at 4-pct : World Bank
Oct 16, 2018 (LBO) - Sri Lanka's economic growth is projected to recover from the effects of last year’s weather disruptions, which negatively affected …
SAARC looks to go high tech to boost regional trade : Minister
Oct 15, 2018 (LBO) - Despite low trade within the region, there is potential for using information and communication technologies to contribute to social and …
FMO supports Nations Trust Bank’s growth and drives job creation in Sri Lanka
Oct. 15, 2018 (LBO) - FMO, a Dutch Development Bank recently arranged a US 50 million dollar syndicated loan for Nations Trust Bank (NTB) in Sri Lanka. The …
Amalgamation of Janashakthi General with Allianz Insurance completed
Oct 15, 2018 (LBO) - Allianz Insurance Lanka Limited (Allianz Lanka) said, the acquisition of Janashakthi General Insurance in February 2018, has now been …
Sri Lanka successfully launches a platform to define the Indian Ocean’s future
Oct 15, 2018 (LBO) - Sri Lanka's Prime Minister Ranil Wickremesinghe,highlighted the need to maintain freedom of navigation and freedom of digital connectivity …
Global sporting retailer, Decathlon, opens 1st store at Battaramulla
Opening up a whole new world of sports innovation for Sri Lanka, Decathlon Sri Lanka has launched its first store at Battaramulla on 13th October 2018, located …
CSE-SEC holds Invest Sri Lanka Forum in Edinburgh and London
Oct 11, 2018 (LBO) - A large gathering of Institutional Investors based in London showed a keen interest in investing in Sri Lankan equities while attending …
Sri Lanka revises fuel prices: Diesel not increased
Oct 10, 2018 (LBO) - Sri Lanka's government increased the prices of petrol and super diesel with effect from midnight Wednesday. Issuing a statement the …
Price controls dominate political debate but may not help consumers: Report
Oct 10, 2018 (LBO) - A new report by The Advocata Institute, titled “Price Controls in Sri Lanka: Political Theatre” finds that consumer price controls …
Sri Lanka FM interview ahead of IMF and WB annual meet on global trade, economy
Oct 10, 2018 (LBO) - Global finance and reserve bank chiefs will gather this week in Bali, Indonesia for the annual gathering of the International Monetary …
CMC pays up in order for SLLRDC to resume garbage collection
Oct 10, 2018 (LBO) - The Megapolis and Western Development Ministry yesterday said Colombo Municipal Council (CMC) made an advance payment of 100 million …
Sri Lanka earnings from tourism up: Workers’ remittances decline marginally in July 2018
Oct 09, 2018 (LBO) - Sri Lanka’s external sector recorded a moderate performance in July 2018. The trade deficit continued to widen in July 2018 …
Sri Lanka to integrate SMEs into formal sector to facilitate their growth : Fin Min
Oct 09, 2018 (LBO) - Sri Lanka's Minister of Finance said the government aims to integrate small and medium scale enterprises into an official sector and …
Palm Oil industry rejects vilification of crop as “baseless and unscientific”
Oct 08, 2018 (LBO) - The vilification of oil palm in Sri Lanka on the grounds of the crop’s purported adverse impact on the environment is completely …
Ascot Holdings launches as Lanka Reality Investments PLC
(PRESS RELEASE) - The Board of the company is pleased to announce the launch of Lanka Reality Investments PLC (formerly known as Ascot Holdings PLC). The name …