Fairway Waste Management says processing facility on schedule
Apr 24, 2017 (LBO) – Fairway Waste Management said its solid waste processing facility, being built in Colombo, was an important step taken recently to …
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Four new papers on Sri Lanka’s constitutional reform published: CPA
Apr 21, 2017 (LBO) – Sri Lankan policy think tank Centre for Policy Alternatives (CPA) said four working papers on constitutional reform have been …
Sri Lanka President expects foreign reserves to improve in coming months
Apr 20, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena says country’s foreign reserves have already exceeded five billion US dollars and is …
Sri Lanka to formulate standards for adventure sports
Apr 20, 2017 (LBO) – Sri Lanka plans to formulate national standards in line with international norms for all adventure activities, the National Policy and …
Capital Developers deploy five piling machines for twin tower project
Apr 20, 2017 (LBO) – Property developer Capitol Developers has deployed five piling machines to accelerate construction of Capitol Twin Peaks, the …
Sri Lanka foreign reserves fall to 7-year low in March
Apr 19, 2017 (LBO) – Sri Lanka’s external reserves have fallen to a 6.9 year low after country’s reserves dropped almost 9 percent to 5.12 billion …
Sri Lanka’s economy projected to grow 4.7 pct in 2017: World Bank
Apr 19, 2017 (LBO) – Recent policy reforms including monetary tightening and revenue-led fiscal consolidation have improved Sri Lanka’s outlook, …
Sri Lanka’s rising fertility rate has serious implications, say experts
Apr 19, 2017 (LBO) – Sri Lanka’s rising fertility rate has serious implications for the island that are not being adequately discussed, experts …
Opinion: Government, Private Sector and Diaspora are failing to revive Northern economy
By Jekhan Aruliah More than seven years since the end in 2009 of the decades long Sri Lanka civil war, job creation initiatives in the North remain mainly …
Horton Square USD 250mn project breaks ground
Apr 18, 2017 (LBO) – The ground-breaking ceremony of Horton Square, St Regis Hotels and Residences was held at the former Central Hospital premises in …
Sri Lanka eyes USD1bn trade with Vietnam: PM’s office
Apr 18, 2017 (LBO) – Sri Lanka and Vietnam will look at increasing bilateral trade up to one billion US dollars in the next few years, the Prime …
Military continues relief after Meethotamulla garbage dump collapse
Apr 17, 2017 (LBO) – Sri Lankan military is continuing relief operations after the collapse of a 180-meter long stretch of the Meethotamulla garbage …
Kuwait to provide additional loan for Kalu Ganga development project
Apr 12, 2017 (LBO) – The Kuwait Fund for Arab Economic Development (KFAD) will provide an additional concessional loan of Kuwait Dinar 5 million (16.5 …
EU to provide EUR 42 mln for agriculture, reconciliation
Apr 12, 2017 (LBO) – The European Union is stepping up assistance to Sri Lanka by providing 42 million euros (6.7 billion rupees) for two programmes in …
SriLankan and Japan Airlines expand codeshare
Apr 11, 2017 (LBO) – SriLankan Airlines is strengthening its presence in the Japanese travel market with the expansion of its codeshare agreement with …
Asia to deliver 60-pct of global growth, South Asia fastest growing: ADB
Apr 07, 2017 (LBO) – Growth is picking up in two-thirds of economies in developing Asia, supported by higher external demand, rebounding global commodity …
Sri Lanka tourist arrivals up 3.4 pct in Q1, March down 2.5-pct
Apr 06, 2017 (LBO) – Sri Lanka’s tourist arrivals rose 3.4 percent in the first three months to 604,953 with gains seen in the East-Asian market, …
Sri Lanka PC ownership dips, usage of smartphones and tabs up
Apr 06, 2017 (LBO) – Sri Lanka’s computer literacy, the ability to operate a computer by oneself, increased slightly to 27.5 percent in the first …
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 …
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 …