All Blogs
‘s
Jan 29, 2018 (LBO) – Moody’s Investors Service expects that the Sri Lanka-Singapore Free Trade Agreement will enhance the cross-border trade of goods and services and promote foreign direct investment (FDI) between the two countries, a credit positive for both. Last Tuesday, Singapore (Aaa stable) and Sri Lanka (B1 negative) signed a free trade agreement, although […]
Sri Lanka to be build a “Dream World” at Waters Edge, Battramulla
Jan 29, 2018 (LBO) – Sri Lanka’s Urban Development Authority’s Waters Edge, together with Melchers Project Management Pte Ltd will build a theme park overlooking the waters of the Diyawannna, a Minister said. “This will be a 600 million rupees investment.The 40-meter high Ferris Wheel will be one of the main attractions at the park with […]
Sri Lanka achieves highest ever FDI of USD1.63bn in 2017
Jan 28, 2018 (LBO) – Foreign Direct Investment (FDI) into Sri Lanka has grown to over 1.63 billion US dollars in 2017, doubling the 802 million dollars achieved in the previous year. The Board of Investment (BOI) reported that 1.63 billion dollars achieved in 2017 is the highest ever surpassing the 1.61 billion dollars in […]
Eurocars launches the Porsche 911 Targa 4 GTS
(PRESS RELEASE) – Eurocars, the official agent of Porsche cars in Sri Lanka officially launched the new 911 Targa 4 GTS recently in the presence of 911 sportscar enthusiasts in Colombo. The 911 Targa 4 GTS is the newest model to be included in the Porsche 911 sportscar range and stands out not only for its […]
Opinion: March to freedom or return to fear
By Finance Minister Mangala Samaraweera The National Unity Government ushered in through a historic and revolutionary election in January 2015 has recently marked three years in office. As the Government attains this milestone, our achievements are many, but the road ahead of us remains as long and challenging as ever, and Sri Lanka stands again […]
CHEC to kick off Port City project with billion dollar towers : Minister
Jan 26, 2018 (LBO) – Sri Lanka government has signed two Memorandums of Understanding with China Harbour Engineering Company (CHEC) to facilitate investment on Colombo International Finance City (CIFC) to construct a building complex and an underground marine drive road tunnel, a Minister said. “CHEC want to kick start investment and the project company has indicated […]
Sunshine Holdings invests Rs9mn to partner with investment firm
Jan 25, 2018 (LBO) – Sunshine Holdings has invested 9 million rupees to partner with Strategic Business Innovator (Pvt) Ltd, an investment firm to be set up in Sri Lanka.Sunshine Holdings is currently in partnership with Singapore based SBI Ven Holdings (Pvt) Ltd, a subsidiary of SBI Holdings and veteran investment banker Viraj Malawana to […]
Sri Lanka’s eZ Cash launches QR Functionality on App
Jan 25, 2018 (LBO) – Sri Lanka’s eZ Cash, a mobile money and payment service has launched the Quick Response (QR) code feature on its app enabling users to “Scan to Pay” and “Scan to Transfer” through their smartphone. The latest QR code based “Scan & Pay” feature will be available via the eZ Cash app […]
‘s, Explores FTA option
Jan 25, 2018 (LBO) – President of Indonesia Joko Widodo in the island on a offical vist met with Sri Lanka’s President and exchanged views on the progress and challenges in the bilateral cooperation and agreed to enhance cooperation for the mutual benefit. President Widodo conveyed Indonesia’s commitment to contribute towards Sri Lanka’s development, particularly in infrastructure and connectivity. Both […]
‘s Softlogic Holdings plans Rs7bn equity sale
Jan 25, 2018 (LBO) – Softlogic Holdings PLC has come to an agreement with Samena Ceylon Holdings Ltd., a Mauritius based firm to raise 7 billion rupees from a placement of shares to raise private equity. The board of directors of Softlogic has decided to place 182.22 million shares with Samena Ceylon Holdings Ltd at 17 rupees a […]