Minister Hakeem to visit Turkey seeking Sri Lanka tea expansion

Feb 03, 2016 (LBO) – Sri Lanka Muslim Congress Leader and City Planning Minister Rauff Hakeem will undertake a week-long official visit to Turkey as part of the Prime Minister’s initiative to expand the market for Sri Lankan tea. Minister Hakeem is on a mission to explore the possibility of increasing the volume of tea […]

Sri Lanka shows increased interest in green buildings: Lamudi

New research reveals 79 percent of real estate agents surveyed in Sri Lanka believe interest in green buildings increased between 2014 and 2015. This is according to the recently-released Lamudi Real Estate Market Report, which shares insight into sustainability in Sri Lanka. One survey conducted by Lamudi Sri Lanka showed over 64 percent of respondents […]

Ceylon Chamber Investor Forum attracts foreign interest

Feb 03, 2016 (LBO) – The upcoming ‘Sri Lanka Investment & Business Conclave 2016,’ organized by the Ceylon Chamber of Commerce is getting interest from international parties, the Chamber said in a statement. Over 30 investors from countries such as Australia, Bangladesh, China, Egypt, Germany, Georgia, Kuwait, Pakistan and Singapore have registered to take part […]

Indian Foreign Minister Sushma Swaraj to visit Sri Lanka

Feb 03, 2016 (LBO) – Indian Foreign Minister Sushma Swaraj will undertake an official visit to Sri Lanka from 5-6 February 2016 for the Ninth Session of the India-Sri Lanka Joint Commission. The Joint Commission, co-chaired by the Foreign Minister of Sri Lanka and his Indian counterpart will be held on 5 February 2016 in […]

Organic Agro Crops for Export Workshop

Cultivation and Processing of Organic Agro Crops for Export “Workshop with an International Perspective “ Press Release: International and National speakers are making presentations at a workshop titled “Cultivation and Processing of Organic Agro Crops for Export” to be held on March 02, 2016 from 0830 -1630 at Hilton Colombo Residences, Union Place, Colombo 02. […]

Opinion: Time to adapt to three inconvenient investment truths

By Steve Brice Global markets have had a rather rocky start to the year, to put it mildly. An indicator of global stocks has fallen 19 per cent from their record highs in May 2015 amid a broad-based sell-off in risk assets. An indicator of Emerging Markets stocks is down 35 per cent from last […]

India rates tied to fiscal discipline, Rajan signals Modi

Feb 03, 2016 (LBO) – India held interest rates unchanged on Tuesday with Reserve Bank of India Governor Raghuram Rajan sending a message to Prime Minister Narendra Modi that continued fiscal discipline was necessary for further interest rate cuts. “The Indian economy is currently being viewed as a beacon of stability because of the steady […]

Dulanjalee Premadasa writes to Mahinda Rajapaksa

1st February 2016 Original By Registered Post Copy by Courier Mr. Mahinda Rajapaksa, Member of Parliament Carlton House Tangalle Mr Rajapaksa, First let me say that, as a parent myself, I empathize with your wife and yourself on Yoshitha’s current legal status. Having said that I do not know whether Yositha is guilty or innocent […]

‘s most valuable company

Feb 02, 2016 (LBO) – Google’s parent company, Alphabet has reported fourth quarter earnings driving up the company’s shares by over 8 percent, foreign media reported. Alphabet shares jumped after the strong earnings report, making Google worth roughly 544 billion US dollars though Apple’s market capitalization stood at 534 billion US dollars. That has made […]

Hutch CEO commends TRC for new Flat Rate determination

The Telecommunication Regulatory Commission (TRC), the country’s telecom regulatory authority has established a new flat calling rate from 01st February, 2016. The old dual on-net/off-net tariff structure charged mobile subscribers twice the rate for calling off-net compared to calling on-net. This caused a lot of confusion and difficulties to mobile subscribers as they had to […]

Australia supports regenerative agriculture in Sri Lanka

The Australian High Commission is proud to have supported the growth of regenerative agriculture in Sri Lanka through the Direct Aid Program. On 28 January, Second Secretary Nick Burnett and Research Officer Namal Perera visited a project run by the Neo Synthesis Research Centre in Pallama in the Puttlam district, which teaches local farmers about […]

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