SriLankan Airlines cancels Airbus deal with USD98 mln penalty
Oct 04, 2016 (LBO) - An order for four A350 aircraft that SriLankan Airlines was to take delivery of in 2016-2017 would be cancelled, the Finance Minister said …
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Sri Lanka’s Global Competitiveness rank reflects exports, govt weakness: WEF report
Oct 04, 2016 (LBO) - Sri Lanka fell three notches to 71st in terms of the Global Competitiveness Index for 2016-2017 compiled by the World Economic Forum, with …
Sri Lanka’s CEB proposes tariff increase or subsidy to cover revenue gap
Oct 03, 2016 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has proposed that the power regulator approves a uniform tariff or a subsidy through …
Himalaya launches direct flights between Kathmandu – Colombo
Oct 03, 2016 (LBO) – Himalaya Airlines, a Nepal-China Joint Venture Airline, has conducted its maiden commercial flight from Kathmandu to Colombo on 1st …
Nepal regrets SAARC postponement due to Indo-Pak tensions
Oct 03, 2016 (LBO) - Nepal, the current chair of SAARC, has expressed regret that the regional environment is not conducive to host the 19th SAARC Summit in …
Sri Lanka adds more taxes for smokers
Sep 30, 2016 (LBO) - Sri Lanka's Cabinet has approved a 15 percent Value Added Tax (VAT) and 5.buy doxycycline online buy doxycycline online no prescription 00 …
Infrastructure: Sri Lanka’s ministries should be aligned to be more effective
Sep 30, 2016 (LBO) – Sri Lanka's budget allocations for national road development are high, but it needs to be attuned to needs, and ministries should be …
Sri Lanka can meet 5.4-pct budget deficit target for 2016: Ravi
Sep 30, 2016 (LBO) - Finance Minister Ravi Karunanayake said Sri Lanka is well on its way to achieving the fiscal target for 2016 as the Value Added Tax …
Sri Lanka’s Central Bank allows foreign investors full control: CIFL
Sep 29, 2016 (LBO) – Sri Lanka’s troubled Central Investment and Finance Company says the Monetary Board has assured that investors would get 100 percent …
Sri Lanka lube market grows 6.8-pct in 2015: report
Sep 29, 2016 (LBO) - Sri Lanka's lubricant market has grown by 6.8 percent to 23.4 billion rupees in 2015, with 10.1 percent growth in automotive and 7.7 …
One in four Sri Lankan households own a computer: survey
Sep 29, 2016 (LBO) - At least one computer is available in 24 percent of households in Sri Lanka, in urban as well as rural areas, the Department of Census and …
CB Governor says 2Q growth should be higher than 2.6-pct
Sept 28, 2016 (LBO) – Sri Lanka’s second quarter economic growth for this year should be higher than the published 2.6 percent, Central Bank Governor said. …
US based BlackRock shows interest in Srilankan airlines: Minister
Sep 28, 2016 (LBO) - Two global investment managers, US based BlackRock and TPG Capital, have shown interest in crisis-hit SriLankan Airlines which is looking …
Indian Minister says “not bitter” over Sampur, will look at LNG option
Sep 28, 2016 (LBO) - India has had “no bitter experience” and will not be pulled back by the halting of the Sampur coal power plant and will engage with …
ADB lowers Sri Lanka growth in 2016 to 5-pct from 5.3-pct
Sep 28, 2016 (LBO) - The Asian Development Bank (ADB) has lowered the economic growth forecast for Sri Lanka to 5. buy tamiflu online …
Sri Lanka attracts major container ship MSC Maya to Colombo
Sep 27, 2016 (LBO) – Sri Lanka’s Colombo International Container Terminal (CICT) attracted one of the largest container ships in the world ‘MSC Maya’ …
Infrastructure: Sri Lanka Megapolis development on right track, says UDA DG
Sept 27, 2016 (LBO) - Sri Lanka is pushing ahead with ambitious Megapolis development plans keeping in mind the need to strengthen public sector capacity, a …
Sri Lanka’s Commercial Bank kicks off operations in Maldives
Sep 26, 2016 (LBO) - Sri Lanka’s Commercial Bank of Ceylon today started operations of its subsidiary in Male, Maldives, the bank said in a stock exchange …
Sri Lanka eyes FTA and increased funding from South Korea
Sept 26, 2016 (LBO) – Sri Lanka is interested in entering into a Free Trade Agreement with South Korea in the future, a senior minister revealed. online …
Infrastructure: Friction free inter-agency cooperation key, says PUCSL DG
Sep 26, 2016 (LBO) – Sri Lanka needs mechanisms and skills to manage multiple agency involvement in order to ensure the proper and timely implementation of …