Korean community donates relief goods for flood victims in Sri Lanka

The Korean Businessmen’s Association (KBA) of Sri Lanka donated relief goods worth of about LKR 15 Million to Sri Lanka Police on 02 June 2017, including 5,000 pairs of long boots, 10,000 pairs of rubber gloves, 1,000 pairs of gloves for industrial use and 2,500 soaps. The goods will be distributed to the people affected […]

Sri Lanka vehicle registrations drop in April: JB Securities

Jun 02, 2017 (LBO) – Total vehicle registrations in Sri Lanka fell to 33,438 units in April from 40,021 in March, with declines in all major categories except three-wheelers and tractors, JB Securities said in a research note, likely affected by the holiday season. Three-wheelers observed a 12 percent growth, month-on-month, to 1,452 units in […]

Maldives hands over financial assistance to Sri Lanka

Minister of Foreign Affairs, Ravi Karunanayake, met with Special Envoy of the President of Maldives Dr. Mohamed Asim, Minister of Foreign Affairs of Maldives on Wednesday, at the Ministry of Foreign Affairs. The two Ministers discussed several issues of importance relevant to bilateral relations of the two countries. The Special Envoy condoled with the Minister […]

‘s Global Economy Programme

Jun 02, 2017 (LBO) – Sri Lanka’s foreign policy think tank Lakshman Kadirgamar Institute has signed a memorandum of understanding with the MJF Group to establish a Global Economy Programme to focus on international trade, foreign investment, and tourism. The establishment of the programme at LKI reflects the increasingly key role of economic diplomacy in Sri […]

Sri Lanka tea production to be impacted by bad weather

Jun 02, 2017 (LBO) – Sri Lanka’s tea production is likely to be further impacted as the country experienced its worst disaster from torrential rain since 2003 last week, a report said. “The worst affected is the Southern and Sabaragamuwa provinces,” Forbes and Walker Tea Brokers said. “Needless to say, the current scenario would adversely […]

”’ LNG to Sri Lanka

June 01, 2017 (LBO) – India’s Petronet LNG has proposed to supply ‘green’ LNG to Sri Lanka and is awaiting an evaluation of their proposal, Deputy Manager of Petronet LNG Manik Jhamb said during a visit to Colombo. “Investing in it is a win-win for Lankan government, consumers and for us since it is Green […]

Sri Lanka Navy to complete pedestrian walkway near Supreme Court

June 01, 2017 (LBO) – The Urban Development Authority has proposed that Sri Lanka Navy should complete stage III of the pedestrian walkway along the St. Sebastian canal area from the Technical Junction towards the Supreme Courts Complex. The width of the proposed walkway is 06 meters (20 feet) and the length is 1,485 meters […]

LOLC records historic profit before tax of Rs24bn

Sustaining its unblemished track record, LOLC Group concluded an excellent year sealed by its strongest financial performance to date. For the year ended 31st March 2017, the Group recorded PBT of 24.4Bn and PAT of Rs. 20.9Bn, an increase of 106% and 124% respectively, compared to the previous year. The consolidated gross income grew by […]

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