Fairfax consolidates Sri Lanka insurance operations
Mar 20, 2017 (LBO) – Fairfax Financial Holdings Limited (Fairfax) announced that it has successfully completed the amalgamation of Fairfirst Insurance …
Industry
Ravi urges investors to make use of opportunities in Sri Lanka: summit
Mar 18, 2017 (LBO) – Sri Lanka offers investment opportunities that provide secure and diverse business options as the country has been achieving …
LOLC acquires majority stake in Cambodian microfinance firm
Mar 17, 2017 (LBO) – LOLC Group has acquired 48 percent stake in a micro finance company in Cambodia for 186 million US dollars through LOLC International …
CB directs finance companies to raise core capital by 2021
Mar 17, 2017 (LBO) – Sri Lanka’s central bank has issued directions on the minimum amount of core capital held by Licensed Finance Companies (LFCs) with a …
Sri Lanka BIA runway renovation ahead of schedule
Mar 17, 2017 (LBO) – Sri Lanka’s renovation of the Bandaranaike International Airport (BIA) runway is expected to be completed ahead of schedule, …
Electricity revolution on the grid edge: World Economic Forum
Mar 17, 2017 (LBO) – The electricity landscape is a prime example of the Fourth Industrial Revolution as it undergoes a transformation, becoming more …
Sri Lanka’s HNB cancels EGM to appoint new director
Mar 17, 2017 (LBO) – Hatton National Bank has said that a scheduled Extra-Ordinary General Meeting (EGM) for March 27, will not be held. The EGM was …
Amanté launches Spring/Summer 17 collection – PIC’s
(PRESS RELEASE) – Leading intimate apparel label amanté invites every woman to tap into the wanderer within, as it brings its Spring/Summer 2017 …
Microimage opens R&D Centre in Jaffna, plans to draw new talent
Mar 16, 2017 (LBO) – Microimage, one of Sri Lanka’s top enterprise software solution companies, has opened a research and development center in …
Sri Lanka to purchase petrol, diesel through long-term contracts
Mar 16, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to purchase petrol and diesel through long-term contracts for a period of eight months …
Sri Lanka wants Rs100mn Biotechnology Park in Homagama
Mar 16, 2017 (LBO) – Sri Lanka’s cabinet has agreed to establish the Biotechnology Innovation Park in the Nanotechnology Park in Pitipana, Homagama as a …
Sri Lanka’s Vidullanka to commission Uganda hydropower plant
Mar 15, 2017 (LBO) – Sri Lanka’s Vidullanka, a hydro power firm, will commission the completed 6.5MW mini hydro power plant in Uganda next week. The …
Commercial Bank postpones approval for rights issue
Mar 15, 2017 (LBO) – Sri Lanka’s Commercial Bank has postponed the date fixed for holding an Extraordinary General Meeting for the purpose of obtaining …
UNDP calls innovators to submit ideas for youth social innovation camp
HackaDev 3.0 – UNDP’s Youth Social Innovation Camp is back, with the aim of facilitating meaningful and sustainable participation of youth to find …
Min Malik Samarawickrama meets EU Trade Commissioner in Brussels
(PRESS RELEASE) – Development Strategies and International Trade Minister Malik Samarawickrama accompanied by Ambassador Rodney Perera met with European …
Sri Lanka’s HNB to halve carbon footprint by 2020 with renewable energy
Mar 15, 2017 (LBO) – Sri Lanka’s Hatton National Bank plans to reduce its carbon footprint by half by 2020 through the generation of energy for …
Germany’s TUI to develop hospitality training in Sri Lanka
Mar 14, 2017 (LBO) – Germany’s TUI Group, a leading tour operator, said it would be expanding operations in Sri Lanka to assist in developing …
Building lives, not only a new bridge at Kelani river
Mar 13, 2017 (LBO) – The Japan International Cooperation Agency (JICA) is keen that relocations from the Sedawatta and Wadullawatta communities for the …
Samsung unveils Galaxy A (2017) series in Sri Lanka
Samsung Sri Lanka recently unveiled the latest GalaxyA series which includes the 5.7 inch A7, 5.2 inch A5 with enhancements. The innovative range combines …
Germany pledges support for Sri Lanka’s tourism development
Mar 10, 2017 (LBO) – The German government is ready to support tourism development in Sri Lanka with the island is targeting 150,000 German tourists this …