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Several Sri Lankan sectors can attract smart capital: Stax

Jan 31, 2017 (LBO) – The next three to five years will be a window of opportunity in which Sri Lankan companies in healthcare, hospitality, education, …

Sri Lanka’s Central Bank extends Amana Bank’s deadline to raise capital

Jan 30, 2017 (LBO) – Sri Lanka’s Central Bank has extended the time allocated to raise the core capital requirement of Amana Bank to 7.5 billion rupees by …

Indian trade chamber interested in investments in north

Jan 30, 2016 (LBO) – Sri Lanka is ready to welcome India’s largest business chamber, the Chamber of Commerce and Industry of India (ASSOCHAM), as there …

Sri Lanka JKH profits up 32-pct supported by port and shipping sector

Jan 27, 2017 (LBO) – Sri Lanka’s John Keells Holdings net profits were up 32 percent to 5.15 billion rupees in the December 2016 quarter from a …

Sri Lanka’s Sail Lanka Charter hosts PM on-board catamaran

Jan 27, 2016 (LBO) – Sri Lanka’s Sail Lanka Charter hosted Prime Minister Ranil Wickremasinghe and his wife on-board their 53ft sailing catamaran, …

Teejay ends Q3 with revenue growth of 33-pct despite challenges

Press Release: The Teejay Group which recently consolidated its operations in Sri Lanka and the region under the single brand ‘Teejay,’ announced a strong …

Sri Lanka army seeks USD50mn loan from Russia for Mali operations

Jan 26, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to obtain a 50 million US dollar loan from a Russian bank to purchase military equipment …

Sri Lanka’s 2016 tea production, exports down, revenue up

Jan 26, 2017 (LBO) – Sri Lanka’s tea exports for 2016 totaled 288.7M/kgs compared with 306.9M/kgs during 2015 showing, a decrease of 18.2M/kgs, a …

Experts from Facebook, Google coming to Sri Lanka for summit

Jan 25, 2017 (LBO) – Sri Lanka is planning to hold a digital summit in March this year to boost the country’s global digital presence. It is expected …

Sri Lanka’s Auditor General acted unprofessionally: Finance Minister

Jan 25, 2017 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake today accused the Auditor General of releasing a confidential report to COPE without …

Sri Lanka to expedite grid connections for roof top solar: PUCSL

Jan 25, 2017 (LBO) – Sri Lanka’s power regulator has directed the Ceylon Electricity Board (CEB) and Lanka Electricity Company Private Limited …

Watch the West, Reach Out To The East: Stan Chart Economist

Jan 24, 2017 (LBO) – Sri Lanka should keep a keen eye on the developments in the West, the traditional export markets, but should reach out to the East …

JVP calls Speaker to take over controversial bond investigations

Jan 24, 2017 (LBO) – Sri Lanka’s Marxist JVP today demanded that Speaker Karu Jayasuriya takes over the future course of action against the controversial …

Technology and know-how essential for development: Hausmann

Jan 24, 2016 (LBO) – The guest lecture in Colombo recently by Prof. Ricardo Hausmann highlighted the importance of technology and know-how in fostering …

IMF commends Sri Lanka on economic progress made so far

Jan 23, 2017 (LBO) – The International Monetary Fund (IMF) has commended the new strategy of Sri Lankan government to create financial discipline and …

Sri Lanka sells USD458mn in fixed and floating rate bonds

Jan 20, 2016 (LBO) – Sri Lanka has sold fixed and floating rate dollar denominated bonds worth US 458 million dollars, a statement said. The Central Bank …

Sri Lankan exporters face critical barriers at own border: Nishan de Mel

Jan 19, 2017 (LBO) – Sri Lankan exporters face some critical problems at the border of their own country than in the borders of other countries, a top …