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Sri Lanka condemns terrorist attack in Lahore on Easter Sunday
The Government of Sri Lanka strongly condemns the dastardly terrorist attack targeting innocent civilians on 27th March 2016 in Lahore. The Government and the people of Sri Lanka wish to express our deep condolences to the families of the victims and our thoughts and prayers for the speedy recovery to those injured by the attack. […]
Sri Lanka should open up more than two sectors for ETCA: Prof. Samarajiva
Mar 29, 2016 (LBO) – Sri Lanka should open up more sectors for the proposed Indo-Lanka Economic and Technology Cooperative Agreement or ETCA, a head of regional think tank said. A former telecoms regulator and founding Chair of LIRNEasia Professor Rohan Samarajiva said at a seminar that the construction industry is a one sector that […]
Iranian Taban Air charter arrives in Sri Lanka
Mar 29, 2016 (LBO) – A Taban Air charter carrying 180 passengers traveling from Iran touched down in Sri Lanka earlier this month, Aitken Spence Travels said. The charter during the annual Norouz festival was greeted with a water cannon on its flight to Colombo following a lapse of 5 years. The arrival marks the […]
Sri Lanka to boost tourism through travel blogger conference
Mar 29, 2016 (LBO) – Sri Lanka is planning on boosting its travel industry through the Travel Bloggers Conference Asia 2016 to be held in June with the inclusion of Cinnamon Travel Blogger Awards that recognises the contribution and role that travel bloggers play in the travel and tourism industry. The Cinnamon TBCasia is an […]
PTL Watch: Sluggish bonds ahead of monetary policy announcement
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Goa Shipyards builds two Advanced Patrol Vessels for Sri Lanka Navy
Mar 28, 2016 (LBO) – Sri Lanka’s Defence Minister Ruwan Wijewardene has inspected the progress of two Advanced Offshore Patrol Vessels being built for Sri Lanka Navy at Goa Shipyards. Indian media said Wijewardene has held a discussion with Goa Shipyards Chairman and Managing Rear Admiral Shekhar Mital along with the shipyard officials on the […]
ADB announces loan auction for Sri Lankan SME sector
Mar 28, 2016 (LBO) – Asian Development Bank announced the first auction of a 12.5 million US dollar tranche of re-finance funds for Sri Lankan banks to provide loans for small and medium enterprises in Colombo, Monday. “This is the first time ADB is disbursing funds in this manner where funds will be allocated through […]
Opinion: Can waste power the nation? Exploring a sustainable green solution
By J. Lorenz March 24, 2016 (LBO) – Two common developing country problems are pollution and lack of power and power resources. As Sri Lankans we have learned to turn a blind eye to garbage dump sites. Although there has been a definite improvement from twenty years back, we still do come across a lot […]
Sri Lanka’s Singer Finance to raise Rs1.5bn in listed debt
Mar 28, 2016 (LBO) – Singer Finance, a fully owned subsidiary of Singer said it is planning to raise as much as 1.5 billion rupees from a sale of debentures which will be quoted on the Colombo Stock Exchange. The finance company said in a stock exchange filing that it wanted to sell 10 million debentures […]
Airport to expand capacity with Terminal 2: JICA
Mar 28, 2016 (LBO) – A concessionary loan agreement for JPY 45,428 million (56 billion rupees) was signed last week between the Airport and Aviation Services Limited and Japan International Cooperation Agency (JICA) for the construction of a new multi-level terminal building (Terminal 2), a statement said. After completion of the project in 2020, the […]