Sri Lanka, a cautionary tale about over-reliance on China: OBG
Mar 02, 2018 (LBO) – Sri Lanka, perhaps, provides the most cautionary tale from their Asia-Pacific markets about over-reliance on China-backed infrastructure …
ONYX Hospitality Group to launch Amari hotel in Colombo, Sri Lanka
Nov 20, 2017 (LBO) – Thailand’s ONYX Hospitality Group, a hotel management company will launch a brand-new Amari hotel in the Sri Lankan capital …
Sri Lanka, S Korea to sign economic cooperation deal next month
Oct 20, 2017 (LBO) – Sri Lanka will sign an economic cooperation agreement with South Korea during the state visit of President Maithripala Sirisena, which …
PUCSL seeks public views on electric vehicle charging stations
Sept 13, 2017 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, said it is seeking public views on issues …
Ceylon Index Fund emerges top performer during 1H 2017
Sept 06, 2017 (LBO) – The Ceylon Index Fund (CIF) which invests in blue chips listed on the Colombo Stock Exchange (CSE) was the top performing Unit …
Ministers cannot grant tax concessions under new Inland Revenue Act: Finance Minister
Sept 04, 2017 (LBO) – Discretionary powers vested in Sri Lankan ministers to grant tax concessions has been expunged under the new Inland Revenue Act, …
Sri Lanka ranks 11th worst-affected in malware attacks in Asia
Aug 29, 2017 (LBO) – Microsoft Asia recently released regional findings from their global Security Intelligence Report which found that Asian countries, …
Sri Lanka motor car registrations rise to 3,221 units in July: JB
Aug 25, 2017 (LBO) Sri Lanka’s motor car registrations rose to 3,221 units in July, up from 2,802 units in June, the highest monthly figure so far this …
ADB, Korean consultants study Trinco economic corridor
Aug 15, 2017 (LBO) – The Export-Import Bank of Korea together with the Asian Development Bank held a seminar on the Colombo-Trincomalee Economic Corridor …
Sri Lanka industrialists call for China transparency
Aug 15, 2017 (LBO) – Sri Lanka has assured its industrialists that the forthcoming China FTA is designed keeping the local industry concerns in mind. …
Opinion: Why are Tamil Medium junior school students doing so abysmally in Sri Lanka?
By Jekhan Aruliah At my usual breakfast haunt in Jaffna I pay Rs40 for two fresh dosai with all the spicy pol sambal and tasty sambar I can eat (tea is an …
Sri Lanka to emphasize KPIs in budget preparation: Finance Ministry
Aug 14, 2017 (LBO) – Sri Lanka’s finance ministry will focus on inclusion of key performance indicators (KPIs) for all budget proposals from …
Sri Lanka’s public finances strengthening, says IMF in country report
Aug 11, 2017 (LBO) – Sri Lanka’s overall fiscal deficit decreased from 7 percent to 5.4 percent of GDP between 2015 and 2016, with public finances …
Nasdaq quoted Synopsys to invest in R&D capabilities in Sri Lanka
Aug 09, 2017 (LBO) – Synopsys, Inc., a Nasdaq quoted leader in the electronic design automation industry (EDA), says it will invest futher in R&D …
Sri Lanka, UN sign Sustainable Development Framework, USD 300 mln pledged
Aug 04, 2017 (LBO) – Sri Lanka’s Government and the United Nations have signed the 2018 – 2022 United Nations Sustainable Development Framework …
No Confidence Motion against Sri Lankan Foreign Minister submitted
By P.K. Balachandran Thirty two members of the Joint Opposition in the Sri Lankan parliament on Thursday submitted to the Speaker a Motion of No Confidence …
Confusion over Lankan port deals may stymie FDI in maritime sector
By P.K. Balachandran Continuing confusion over the terms of foreign participation in the development of Sri Lanka’s ports threatens to stymie Foreign Direct …
Sri Lanka exports show tepid growth during first 5 months
Aug 02, 2017 (LBO) – Sri Lanka’s earnings from exports expanded in May by 7.8 percent to 841 million dollars, on an year-on-year basis, however …
China-Sri Lanka deal on controversial deep water port to be signed on Saturday
By P.K. Balachandran The Sino-Sri Lankan deal over a controversial deep water port in Hambantota in south Sri Lanka, which has been hanging fire since January …