Coast Conservation Department joins Single Window Investment Facilitation
The Board of Investment of Sri Lanka signed a Memorandum of Understanding with the Coast Conservation & Coastal Resources Management Department. The MOU …
Opinion: Why it’s important that Facebook remain free
By Mark Zuckerberg Next month, Facebook turns 15. When I started Facebook, I wasn’t trying to build a global company. Back then, I realized you could …
Once established ‘Sena’ armyworm cannot be practically eradicated: UNFAO
Jan 24, 2019 (LBO) – Food and Agriculture Organization of the United Nations (FAO) says that the Fall Armyworm (FAW) known as ‘Sena’ cannot be …
Sri Lanka’s Finance Ministry calls for proposals for Budget 2019
Jan 24, 2019 (LBO) – Sri Lanka’s Finance Ministry calls upon all stakeholders including the general public to make their proposals for the Budget 2019 …
ABSF names ComBank MD S. Renganathan one of “Asia’s Greatest Leaders”
The Commercial Bank of Ceylon has started 2019 on a winning note, with the Bank being named one of “Asia’s Greatest Brands” and its Managing Director Mr …
Opinion: Sri Lanka’s Cussed Stock Exchange
By Dinesh Anthony Perera Sri Lanka’s only stock exchange in a bid to show activity recently obtained some good publicity. Due to a concerning lack of recent …
Fitch downgrades HDFC Bank to ‘BB+(lka)’ as government support weakening
Jan 24, 2019 (LBO) – Fitch Ratings has downgraded the National Long-Term Rating and senior unsecured debentures of Housing Development Finance Corporation …
LSEG Technology selected by ATOM Group to power AAX digital asset exchange
LSEG Technology, London Stock Exchange Group’s technology solutions provider, today announces that Millennium ExchangeTM has been selected by ATOM Group …
US Navy conducts temporary cargo transfer initiative in Sri Lanka
Jan 23, 2019 (LBO) – United States Navy will perform a transfer operation to move cargo between planes at Bandaranaike International Airport outside Colombo …
Sri Lanka obtains USD200Mn from WB for primary health care system
Jan 23, 2019 (LBO) – Sri Lanka is to obtain USD 200 million from the International Bank for Reconstruction and Development (IBRD) of the World Bank to …
Mahinda to seek mandate for constitutional reforms at next national election
Jan 23, 2019 (LBO) – Sri Lanka’s Leader of the Opposition, Mahinda Rajapaksa says that they will be putting forward their own proposals at the next …
Capitol TwinPeaks construction continues ahead of schedule: Sanken
Jan 23, 2019 (LBO) – Capitol TwinPeaks, the flagship venture of the Sanken Group, located on the Beira lakefront in Colombo 2, forges forward ahead of …
SriLankan Airlines posts Rs40bn net loss for 9 months amid rising fuel prices
Jan 23, 2019 (LBO) – SriLankan Airlines said the net loss for the nine months ended 31 December 2018 was 40 billion rupees (USD135mn) against the loss for …
Chinese cement manufacturer to enter Sri Lankan market
Jan 23, 2019 (LBO) – A Chinese cement manufacturer is seeking to set up a new cement plant in the Hambantota Export Processing Zone in Sri Lanka. According …
Sri Lanka makes aggressive pitch for India’s MICE tourists
India’s leading trade show on business, MICE and luxury travel, the Business & Luxury Travel Mart was held at The Leela Ambience Convention Hotel in New …
Parliamentary committee hands over report about recent unruly incidents
Jan 22, 2019 (LBO) – Speaker Karu Jayasuriya today received the report of the Special Parliamentary Committee that investigated into the unruly incidents in …
BOI signs deal for mixed development apartment complex in Colombo 3
Jan 22, 2019 (LBO) – Sri Lanka’s Board of Investment has signed an agreement with HNJ Towers private limited to build a mixed development project …
Finance Minister calls on UK’s Minister of State for Commonwealth and UN
Finance and Media Minister Mangala Samaraweera called on the United Kingdom’s Minister of State for the Commonwealth and United Nations, Lord Tariq Ahmad …
Sri Lanka inflation decreased to 0.4-pct in December 2018
Jan 21, 2019 (LBO) – Headline inflation measured by the National Consumer Price Index has decreased to 0.4 percent in December 2018 from 1.0 percent in …
Facebook focuses on Digital Literacy to improve online safety in Sri Lanka
Facebook’s efforts to tackle misinformation, promote online safety in Sri Lanka and boost digital literacy skills were among several topics debated at a …