Proparco (AFD) grants €20mn loan to DFCC to promote alternate energy, SME
Aug 11, 2017 (LBO) – DFCC Bank has been granted a long term loan of €20 million by Proparco, a subsidiary of Agence Française de Développement (AFD), …
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Sri Lanka’s public finances strengthening, says IMF in country report
Aug 11, 2017 (LBO) – Sri Lanka’s overall fiscal deficit decreased from 7 percent to 5.4 percent of GDP between 2015 and 2016, with public finances …
Sri Lanka’s Foreign Minister resigns over corruption allegations
Aug 10, 2017 (LBO) – Sri Lanka’s Foreign Minister Ravi Karunanayaka on Thursday announced his resignation in parliament over corruption charges leveled …
Sri Lanka to kick off solid waste plants with USD193 mln investment
Aug 10, 2017 (LBO) – Sri Lanka will see two solid waste-to-energy power plants starting construction as two public-private partnership (PPP) projects in …
Sri Lanka’s public institutions to go solar: Minister
Aug 09, 2017 (LBO) – Sri Lanka’s cabinet has given the go ahead to budget and establish panels to generate solar power on the roofs of all public …
Sri Lanka’s Dialog Axiata profit edges up to Rs2.3 bln in June quarter
Aug 09, 2017 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, increased by 2.6 percent to 2.3 billion rupees in the June quarter, interim accounts …
Nasdaq quoted Synopsys to invest in R&D capabilities in Sri Lanka
Aug 09, 2017 (LBO) – Synopsys, Inc., a Nasdaq quoted leader in the electronic design automation industry (EDA), says it will invest futher in R&D …
Asian stocks fall as North Korea, U.S. tensions escalate
Aug 09, 2017 (LBO) – Asian stocks fell on Wednesday after U.S. and North Korea exchanged further threats amid escalating tensions between the two …
Speaker seeks AG’s advice on no confidence against Ravi K
Aug 08, 2017 (LBO) – Speaker Karu Jayasuriya on Tuesday informed Parliament that he has sought Attorney General’s advice about the validity of debating the …
Sri Lanka to share info on money laundering with China, Bhutan
Aug 08, 2017 (LBO) – Sri Lanka will share financial information with China and Bhutan facilitating investigation and prosecution of persons suspected of …
Sri Lanka will not tolerate corruption and thieves : PM
Aug 08, 2017 (LBO) – Sri Lanka’s Prime Minister who vowed to eliminate corruption in government has said that they would remove those involved in …
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 …
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 …