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Sri Lanka tourism office grades restaurants in Colombo
June 29, 2017 (LBO) – Sri Lanka Tourism Development Authority (SLDA) has launched a project to encourage upgrading of food safety, hygiene and services of places supplying meals for foreign and local tourists. The project named “Certification Scheme for Tourist Friendly Eating Places” is carried out with the participation of the Health Ministry and Colombo […]
Asbestos industry warns of economic, social and environmental impact from ban
June 29, 2017 (LBO) – Sri Lanka’s Minister of Technology and Research said that he was awaiting reports regarding the safe use of Chrysotile, a type of asbestos from the Industrial Technology Institute (ITI), after he had been moved to research claims being made by industry players in the roofing sheet industry. “Policymakers are working […]
Prasad Kariyawasam re-elected to UN Committee on Migrant Workers
Sri Lanka’s Ambassador to the USA, Prasad Kariyawasam, who has been a member of the UN Committee on Migrant Workers since its inception in March 2004, and the first Chair of the Committee , was re-elected for the fourth time at the Election held at the UN in New York on 28 June 2017, at […]
Sri Lanka appoints Dumith Fernando to CSE Board
June 29, 2017 (LBO) – Sri Lanka’s Colombo Stock Exchange said it appointed Dumith Fernando as a Director of its board at its Annual General Meeting in place of Vajira Kulatilaka. Fernando is an experienced international investment banker with over two decades in the industry in the US and Asia. He led the acquisition of Asia […]
PTL Watch: Sri Lanka bond yields dip with improved activity
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/06/PTL-Daily-Market-Report-28th-June-2017.pdf” title=”PTL Daily Market Report 28th June 2017″]
CB’s Jaffna regional sub-office shifts operations to Kilinochchi
Amalgamation of the Operation of Regional Sub-office of the Central Bank of Sri Lanka in Jaffna with Regional Office in Kilinochchi The public is hereby notified that the Regional Sub-office of the Central Bank of Sri Lanka (CBSL) in Jaffna shifted its operations to Regional Office, Ariviyal Nagar, Kilinochchi with effect from 15 June 2017. […]
Sri Lanka USD515mn development bond oversubscribed
June 28, 2017 (LBO) – The issue of Sri Lanka development bonds amounting to 515 million US dollars has been oversubscribed with close to 1 billion US dollars of bids received from investors. The Central Bank has received 452.55 million dollars of bids for the one year seven months bond and the bank has accepted […]
‘s Ube takes 10-pct stake in Tokyo Cement
June 28, 2017 (LBO) – Ube Singapore Holdings Pvt, a Japanese group operating businesses in the Southeast Asian region, has acquired a 10 percent stake in Sri Lanka’s Tokyo Cement Company (Lanka), a statement said. In a stock exchange filing Tokyo Cement Company said that 10,692,000 ordinary voting shares of the company was bought at […]
Celogen Lanka opens USD6.6Mn pharmaceutical plant in Pallekelle
June 28, 2017 (LBO) – Celogen Lanka (Pvt) Ltd has opened a new pharmaceuticals manufacturing plant with an investment value of 6.6 million dollars at the BOI Kandy Industrial Park at Pallekelle. The manufacturing facility, a joint venture between Sri Lankan and India, was formally opened by President Maithripala Sirisena, the Board of Investment said […]
‘s SAGT goes live with Navis terminal system
June 28, 2017 (LBO) – Navis, a part of Cargotec Corporation, a provider of operational technologies and services across the shipping supply chain, said South Asia Gateway Terminal (SAGT) in the Port of Colombo has successfully gone live with Navis’ N4 terminal system and N4 Billing. “SAGT selected the Navis terminal system to better optimize […]
Ceylinco Life Fund crosses Rs80 bln mark
(PRESS RELEASE) The Life Fund of Ceylinco Life crossed Rs 80 billion in May 2017, making it the fastest-growing Life Fund in the local industry, the life insurance market leader has announced. The company said this milestone was achieved in a little more than 29 years of operation, a feat as yet unmatched in Sri […]
Anilana Hotels to sell 51-pct stake to Somap International
June 28, 2017 (LBO) – Sri Lanka’s Anilana Hotels said an international firm Somap International (Private) Limited plans to invest in up to 51 percent of the company by way of an issue of new shares, with a total investment of 667 million rupees. Accordingly, 513 million new shares will be issued at a price […]