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Sri Lanka lifts ban on sale of liquor to women
Jan 11, 2018 (LBO) – Sri Lanka’s Finace Ministry announced that the government will lift the ban on sale of liquor to women in retails outlets and employment of women in bars. Issuing a statement the ministry said that Minister of Finance Mangala Samaraweera has revoked the prohibition on selling liquor to women and employing women […]
Russian Federation wants bigger trade with Sri Lanka; talks on Tea, asbestos
Jan 10, 2018 (LBO) – Russian Federation has vowed for bigger trade with Sri Lanka, calling to dispatch a strong delegation to the trade meet scheduled in Moscow this year. Sri Lanka’s total trade (both imports and exports) with the Russian Federation which was at 435.83 million dollars in 2015, declined to 381.71 million in 2016. […]
Virtusa’s Smart ATM Recognized at The International Business Awards
(PRESS RELEASE) – Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, announced that it has been awarded a Bronze Stevie Award at The 2017 International Business Awards for Best New FinTech Product or Service of the Year for the company’s Smart ATM solution, a unique […]
Piliyandala – from 15th century transit point to Colombo’s main transport hub
By Lanka Property Web Piliyandala, a popular suburb is located 18 KM south from Colombo. It ranks among the top suburbs in the western province due to population size and it’s surrounded by manybustling suburbs such as Maharagama, Moratuwa, Kesbawa and Pannipitiya. Piliyandalaconsistently managed to become a sweet spot for residences as it’s distance from […]
Central Bank still holds Rs12bn of PTL to recover any loss: PM
Jan 10, 2018 (LBO) – Sri Lanka’s Prime Minister told Parliament Wednesday that the Central Bank has 12 billion rupees of Perpetual Treasuries Limited in order to recover any loss from the controversial bond issue.As revealed during the investigations, Perpetual Treasuries Limited has made a profit of 11.14 billion rupees in the secondary market while […]
Hayleys Energy Services completes oil rig offloading project in Trincomalee
Hayleys Energy Services, the pioneer in Oil and Gas support services in Sri Lanka, announced that it had successfully completed the offloading of the Semi-Submersible oil rig Olinda Star at the Trincomalee Port Anchorage recently.This deep-water rig is capable of drilling at water depths of up to 3,600 feet and has a drilling depth capacity […]
LVL Energy Fund rings opening bell at Colombo Stock Exchange
LVL Energy Fund Limited (LVEF) rang the opening bell to commence trading and celebrate the listing of its shares at the Colombo Stock Exchange (CSE) today. The listing follows a successful Initial Public Offering by the company, through which it raised Rs. 1.2 billion through a 120 million share issue. Director/CEO of LVL Energy Fund […]
IFC, CB partner to create Sri Lanka’s first national financial inclusion strategy
Jan 09, 2018 (LBO) – IFC, a member of the World Bank Group has partnered with the Central Bank to develop the country’s first National Financial Inclusion Strategy (NFIS). The strategy will promote a more effective and efficient process to improve financial inclusion across Sri Lanka. IFC, over the course of the project, will provide […]
Aus-SL trade reaches AUD1.3bn with 27-pct growth in trade in services
Jan 09, 2018 (LBO) – Trade between Australia and Sri Lanka has surged to a record high of 1.3 billion Australian dollars in 2016-17, on the back of strong growth in trade in services, up more than 27 percent.Australian High Commission said the growth for the year overall was more than 15 percent, continuing the […]
SLAITO and THASL hail the upcoming promotion plan of Sri Lanka Tourism
(PRESS RELEASE) – In a joint communique, The Sri Lanka Association of Inbound Tour Operators (SLAITO) and The Hotel Association of Sri Lanka (THASL) appreciated the efforts by Sri Lanka Tourism Promotions Bureau (SLTPB) and Sri Lanka Tourism Development Authority (SLTDA) to expedite the Digital advertising campaign planned for early 2018 and the Global advertising […]
Special parliament sitting to discuss bond scam on 10th Jan
Jan 09, 2018 (LBO) – Sri Lanka’s Parliament has been convened for a special sitting on Wednesday morning to discuss the Bond report following the request of Prime Minister Ranil Wickremesinghe.Acting Secretary-General of Parliament Neil Iddawala issuing a press release yesterday said all Parliamentarians have been informed to attend the special sitting.The Premier is scheduled […]
Yahapalanaya responsible for worst debt crisis in Sri Lanka: MR
Third anniversary of incompetent government responsible for the worst debt crisis in Sri Lankan history On 9 January 2018, the so-called yahapalana government completes three years in office. During this short period they have created numerous crises running through virtually every sector in Sri Lanka. The main subject of public discussion today is the bond scam […]