Assembling vehicles locally with used spare parts raises concerns: CMTA
Apr 06, 2017 (LBO) – Ceylon Motor Traders’ Association said they are concerned about the recent decision by the government, where it allowed the assembling …
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Melwa to invest USD 100Mn, six Hilton hotels in Sri Lanka
Apr 05, 2017 (LBO) – Hilton (NYSE: HLT) signed six management agreements on Wednesday with Melwa Hotels and Resorts Private Limited to manage three …
Four-lane roadway with tunnel for Kandy to reduce congestion
Apr 05, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to construct a four-lane roadway to reduce traffic congestion in Kandy town. The road …
Sri Lanka removes ad-hoc tax concessions; new incentives for SMEs
Apr 05, 2017 (LBO) – Sri Lanka’s Finance Ministry has removed ad-hoc and unproductive tax concessions offered by various agencies and under various regimes …
SriLankan cargo to expand operations, mulls wet leasing freighter
Apr 05, 2017 (LBO) – SriLankan airlines says that cargo volumes are growing and they see a greater demand in the future especially in the Indian …
Sri Lanka benchmarked among 55 tech ecosystems: ICTA
Apr 05, 2017 (LBO) – Sri Lanka has been benchmarked among 55 technology startup ecosystems in the Global Startup Ecosystem Report 2017, the island’s ICT …
Australia, Sri Lanka to collaborate on natural resources, survey of minerals
(PRESS RELEASE) – Sri Lanka’s Deputy Minister Harsha de Silva, on a visit to Australia last week on an invitation extended by the Australian …
Sri Lanka’s RIL Property Rs960mn IPO oversubscribed
Apr 04, 2017 (LBO) – An initial public offering of 120 million ordinary shares by RIL Property Limited to raise 960 million rupees was oversubscribed within …
Sri Lanka calls for public comments on national energy policy
Apr 04, 2017 (LBO) – Sri Lanka’s energy ministry has invited all stakeholders to study the draft National Energy Policy & Strategies and provide their …
India’s Asian Paints acquires Causeway Paints for Rs9 bln
Apr 04, 2017 (LBO) – Asian Paints subsidiary Berger International has acquired Sri Lanka’s Causeway Paints in an all-cash deal of 3.87 billion Indian …
Sri Lanka vehicle registrations fall further in February: JB Securities
Apr 03, 2017 (LBO) – Sri Lanka vehicle registrations in February fell sharply on the back of measures to tighten credit, with motor car registrations …
Sri Lanka govt’s constitutional reform communication unsuccessful: CPA poll
Apr 03, 2017 (LBO) – Sri Lanka’s Centre for Policy Alternatives’ latest opinion poll on constitutional reforms shows that 55 percent of those …
Sri Lanka Dec quarter listed company earnings +5 pct: First Capital
Apr 03, 2017 (LBO) – Earnings of Sri Lanka’s listed companies grew 5 percent, year-on-year, during the December quarter supported by the banking …
WIPO supports Sri Lanka’s legislation on Traditional Knowledge
Apr 03, 2017 (LBO) – The World Intellectual Property Organization (WIPO) will support Sri Lanka’s efforts to draft a national policy on …
Sri Lanka explores Digital Identity Council for citizen data
Mar 31, 2017 (LBO) – Sri Lanka seeks to establish a Digital Identity Council to implement the national policy on collection, storage, sharing and use of …
Sri Lanka railway to provide backpacker tourist accommodation
Mar 31, 2017 (LBO) – Sri Lanka’s Tourism Development Authority together with the Railway Department will explore providing tourist accommodation to …
Ceylon Chamber welcomes govt decision to postpone SVAT abolition
Mar 31, 2017 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce has welcomed the decision by the Finance Ministry to postpone the abolition of the SVAT system …
Sri Lanka to receive Yen grant for Trinco port development
Mar 30, 2017 (LBO) – Sri Lanka’s Prime Minster is to sign exchange of notes for a grant assistance of one billion yen (1.3 billion rupees) from Japan for …
Sri Lanka to build two luxury hotels at Katunayake Airport
Mar 30, 2017 (LBO) – Sri Lanka’s cabinet is expected to approve a proposal to lease out two blocks of land at the Katunayake International Airport to build …
Sri Lanka to set up Public Enterprises Board for managing SOEs
Mar 30, 2017 (LBO) – The Sri Lankan government is in the process of setting up a Public Enterprises Board to manage loss-making state-owned enterprises …