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 …
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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 …
Fund flows into emerging markets at three-year high
Sept 26, 2016 (LBO) - After cash outflows over the last few years, money flowing back into emerging markets has hit a three-year high. Investors have chanelled …
Infrastructure: Sri Lanka should rethink housing for urbanizing population
Sep 23, 2016 (LBO) - Sustainable city development will need to entail alternative housing for urban poor as they are service providers for city dwellers, …
Sri Lanka’s Financial Intel Unit signs MOU with Singapore authority
Sept 22, 2016 (LBO) - The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU) has entered into a memorandum of understanding with the Suspicious …
Infrastructure: Port city to transform Colombo, boost facilities
Sep 22, 2016 (LBO) – Sri Lanka’s planned Port City project says its vision is to offer a modern and sustainable lifestyle without comprising services …
New markets needed to offset Sri Lanka Tea downturn: OBG
Sept 21, 2016 (LBO) - Adverse weather conditions, combined with rising costs and greater competition, threaten to weaken Sri Lanka’s position in the global …
Sri Lanka committee to look in to Norochcholai environmental issues
Sep 21, 2016 (LBO) - Sri Lanka’s Public Utilities Commission (PUCSL) has appointed a 7 member committee to look at the environmental damage allegations that …
No liberalization of professionals under upcoming FTAs: Kelegama
Sept 20, 2016 (LBO) – Sri Lanka’s bilateral free trade agreements that are currently being considered have no liberalization of professionals, a senior …
Interview: Sri Lanka stock earnings +6 pct in June quarter, valuations improve
Sept 20, 2016 (LBO) - Sri Lankan listed companies posted earnings of 49.9 billion rupees in the quarter to June, up six percent from the same quarter last …