PUCSL, Moratuwa Uni to introduce self-powered housing model for low-income households
July 16, 2019 (LBO) – Sri Lanka’s electricity sector regulator, Public Utilities Commission signed a Memorandum of Understanding with Moratuwa …
Industry
China’s Sinopec sets up fuel oil unit in Sri Lanka
July 16, 2019 (LBO) – China Petroleum and Chemical Corp, Sinopec Corp has launched a fuel oil company in Sri Lanka as it looks to supply fuel to ships along …
JICA supports “Build-Back-Better” tourism sector in Sri Lanka
July 15, 2019 (LBO) – The Japan International Cooperation Agency (JICA), in cooperation with the Tourism Ministry, successfully completed a joint seminar for …
Sri Lanka’s “Enterprise SL” exhibition goes to A’pura in July
Jul 15, 2019 (LBO) – The Finance Ministry’S “Enterprise Sri Lanka” exhibition will be held in Anuradhapura from July 24-27. This …
Fitch downgrades Bimputh Finance to ‘BB-(lka)’; outlook stable
July 12, 2019 (LBO) – Fitch Ratings Lanka has downgraded Bimputh Finance PLC’s National Long-Term Rating to ‘BB-(lka)’ from ‘BB(lka). …
John Keells empowers skills development of over 9200 youth in 2018/19
(PRESS RELEASE) “When I came home with my poor O/L results, my father asked me what I would do with my life now? He actually gave up on me. It was my mother …
Spectrum’s aircraft landed Sri Lanka only for crew rest & refueling: Civil Aviation Authority
July 09, 2019 (LBO) – Sri Lanka’s Civil Aviation Authority says the private aircraft ZS-ASN landed at the Bandaranaike International Airport only for …
BOI signs deal with Japanese company to set up Boutique Hotel with USD 8.4Mn investment
July 10, 2019 (LBO) – Sri Lanka’s Board of Investment recently signed a new investment agreement with Wakana JPN (Pvt) ltd. to construct and operate a …
Women and an Ageing Population: What are the implications for Sri Lanka?
Jul 08, 2019) – The United Nations Population Fund (UNFPA) brought international policymakers to discuss feminization of ageing in Sri Lanka, in line …
Ground handling, aviation fuel, and embarkation levy reduced for 6 months to boost tourism
Jul 09, 2019 (LBO) – Sri Lanka Tourism Development Authority together with the Prime Minister’s office, the Minister of Tourism, Wildlife and Christian …
Two appointments to Sri Lanka Treasury
Jul 08, 2019 (LBO) – Sri Lanka’s Finance Ministry has announced the appointment of two new officials to the Treasury. K.D. R Olga of the Sri Lanka …
Atlas celebrates 60: Takes action against hate campaign on social media
Jul 05, 2019 (LBO) – Atlas Axillia Co., a Sri Lankan owned and operated company celebrated its 60th anniversary with a number of initiatives focused on …
Improving macro stability, lower yields may strengthen equity returns: First Capital
July 05, 2019 (LBO) – Despite the Easter Sunday attacks Sri Lanka’s economic outlook has shown signs of resilience and ability to recover quickly as …
Land prices surrounding LRT up 129-pct: Minister
Jul 04, 2019 (LBO) – Land prices in and around Malabe have increased up to 129 percent following the announcement and launch of Sri Lanka’s light …
Govt. nod for cable cars in hills
Jul 04, 2019 (LBO) – Sri Lanka’s cabinet of ministers has approved a cable car project in Nuwara Eliya, a statement said. The project will run from …
Sri Lanka launches USD2.2Bn LRT project to modernise city dwelling and transportation
Jul 04, 2019 (LBO) – The government launched the Malabe and Colombo Fort Light Rail Transit (LRT) project with the aim of modernising the city’s …
Youth Co:Lab promotes Technopreneurship in Sri Lanka
UNDP and Citi Foundation join forces to promote youth entrepreneurship in Sri Lanka through its flagship initiative – Youth Co:Lab Technopreneurship for …
Ceylon Chamber calls for more transparency on SOFA & MCC
July 03, 2019 (LBO) – Ceylon Chamber requests the Government of Sri Lanka to clarify the exact position with regards to the current status of the proposed …
Sri Lanka tourist arrivals picking up; 66-pct increase in June from May
July 03, 2019 (LBO) – Tourist arrivals to Sri Lanka increased by 66 percent in the month of June 2019 from the previous month, the latest data from the …
SriLankan aims Rs75mn annual cost saving by moving back-office functions to Katunayake
July 03, 2019 (LBO) – The Board and Management of SriLankan Airlines have taken a decision to relocate all its corporate offices in the World Trade Centre to …