No Confidence Motion against Sri Lankan Foreign Minister submitted
By P.K. Balachandran Thirty two members of the Joint Opposition in the Sri Lankan parliament on Thursday submitted to the Speaker a Motion of No Confidence …
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Medical faculties to be set up at Wayamba, Sabaragamuwa and Moratuwa unis
Aug 03, 2017 (LBO) – Sri Lanka plans to establish medical faculties at the state universities of Wayamba, Sabaragamuwa and Moratuwa, a senior official …
Confusion over Lankan port deals may stymie FDI in maritime sector
By P.K. Balachandran Continuing confusion over the terms of foreign participation in the development of Sri Lanka’s ports threatens to stymie Foreign Direct …
Sri Lanka govt to rehabilitate 3,400 km of rural access roads
Aug 03, 2017 (LBO) – Sri Lanka’s Cabinet has given the go ahead to rehabilitate 3,400 km of rural access roads and 340 km of national roads in four …
Sri Lanka’s Opex Holdings invests Rs550 mln in liquid fertilizer plant
Aug 03, 2017 (LBO) – Opex Holdings, an agriculture company, said that they have invested 550 million rupees in a liquid fertilizer manufacturing plant in …
Sri Lanka holds policy rates unchanged as inflation eases
Aug 03, 2017 (LBO) – Sri Lanka’s central bank held key policy rates unchanged on Thursday with inflation falling to 4.8 percent in July and likely …
Sri Lanka to set up new public-private funded university
Aug 02, 2017 (LBO) – Cabinet nod has been received to establish an international level university in Sri Lanka under a public-private partnership model. …
Sri Lanka’s accountants should adapt with changing times: Harsha
Aug 02, 2017 (LBO) – Sri Lanka’s chartered accountants should adapt and face head on the drastic changes the business world is witnessing, Harsha …
Sri Lanka cabinet approves issuing e-passports under PPP scheme
Aug 02, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to introduce a chip enabled e-Passport where personal particulars of passport holders …
Cargills inks agreement with Bank of China to promote co-operation
Aug 02, 2017 (LBO) – Sri Lanka’s Cargills (Ceylon) PLC said it has entered into an agreement with Bank of China to promote co-operation between …
Colombo Port Eastern Terminal will not go to external party: President
Aug 02, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena says the Eastern Terminal of the Colombo Port will not be handed over to an external party …
Sri Lankan-born chef Rishi Naleendra wins first Michelin star
Aug 02, 2017 (LBO) – Sri Lankan-born chef Rishi Naleendra, who heads Cheek by Jowl, a Singaporean restaurant serving Australian cuisine, has become the …
Sri Lanka exports show tepid growth during first 5 months
Aug 02, 2017 (LBO) – Sri Lanka’s earnings from exports expanded in May by 7.8 percent to 841 million dollars, on an year-on-year basis, however …
Hirdaramani Puthukudiyruppu factory achieves LEED platinum status
Aug 02, 2017 (LBO) – The Hirdaramani group’s facility in Puthukudiyruppu has been awarded LEED Platinum certification established by the US Green …
Sri Lankan companies eye Africa as next investment destination: Stax
Aug 01, 2017 (LBO) – STAX Inc, a strategy consultancy, says as African economies continue to grow, more opportunities will open up for Sri Lankan firms …
Sri Lanka’s port deal boosts foreign reserves, a credit positive: Moody’s
Aug 01, 2017 (LBO) – The Hambantota port deal is credit positive for Sri Lanka because it will boost foreign-exchange reserves, which will ease the …
Court rejects SLT application to prevent Dialog’s fibre network expansion
Aug 01, 2017 (LBO) – The District Court of Colombo has refused applications for enjoining orders sought by Sri Lanka Telecom PLC against Dialog Axiata …
Sri Lanka spent 32-pct less on vehicle imports in 2016: CCC
July 31, 2017 (LBO) – Sri Lanka’s expenditure on motor vehicle imports declined by 32 percent to 194 billion rupees in 2016 compared with 2015 when Sri …
Ceylon Chamber presents recommendations to fast-track PPPs
July 31, 2017 (LBO) – The Ceylon Chamber of Commerce national agenda committee on infrastructure has presented a set of recommendations on fast-tracking …
Hayleys Advantis invests Rs3.2bln in new distribution center
July 31, 2017 (LBO) – Hayleys Advantis said they will construct a Mega Distribution Center (DC) in Kotugoda with an 3.2 billion rupee investment for the …