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Saudi Fund for Development to provide credit for Sri Lankan importers
Jun 07, 2017 (LBO) – The Saudi Fund for Development is looking to provide credit facilities for Sri Lankan firms to import raw materials from Saudi Arabia. Lankan Importers importing fertilizer, plastic raw materials, cables and electrical wires from Saudi Arabia will be eligible to obtain credit, which would be given under the ‘Foreign Buyer […]
CSE to include non‐voting shares in index market cap calculation
Press Release: The Colombo Stock Exchange (CSE) announces the inclusion of non‐voting shares which are listed and traded on the exchange in its Index Market Capitalization (IMC) calculation. Including nonvoting shares in the calculation of indices is seen as a common practice internationally, and is carried out by a number of leading exchanges and index […]
PTL Watch: Sri Lanka treasury bond yields mixed
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/06/PTL-Daily-Market-Report-06th-June-2017.pdf” title=”PTL Daily Market Report 06th June 2017″]
Prime Minister of Sri Lanka addresses UN ocean conference
The UN Ocean Conference took place at UN headquarters in New York from 5 to 9 June 2017, coinciding with World Oceans Day (8 June). Co-chaired by Fiji and Sweden, the Conference aims to support the implementation of Sustainable Development Goal 14: Conserve and sustainably use the oceans, seas and marine resources for sustainable development. […]
Sri Lanka to develop railway with USD 318mn credit line from India
June 06, 2017 (LBO) – Sri Lanka’s Finance Ministry has signed an agreement with the Indian government to receive a US 318 million dollar line of credit (LOC) for the development of the railway sector in the island. The agreement comes following Indian Prime Minister Narendra Modi’s first visit to Sri Lanka in March 2015 where […]
SriLankan Airlines says flights not affected to Doha, Qatar
June 06, 2017 (LBO) – SriLankan Airlines on Tuesday stated that their flights to Qatar are not affected by diplomatic tensions in the region, though the airline is closely monitoring the situation. Media Development Manager of SriLankan Airlines, Deepal Perera, told LBO that the airline will operate all scheduled flights to Doha, Qatar. “SriLankan Airlines […]
Central Bank denies banks stopped from accepting Qatari Riyals
June 06, 2017 (LBO) – Sri Lanka’s Central Bank on Tuesday categorically denied that the Central Bank has informed banks not to accept Qatari Riyals. Releasing a press release, the Central Bank stated that various media institutions had published reports stating that the Central Bank has informed banks not to accept Qatari Riyals. There were […]
LAUGFS Launches Sri Lanka’s first fully automated vehicle care centre
LAUGFS Solutions recently unveiled the ARC Centre, an ultra-modern, state-of-the-art advanced automotive testing and repair centre, in the highly populated Dehiwala area in Aththidiya Road. The Centre was ceremonially declared open by LAUGFS Chairman Mr. W. K. H. Wegapitya and Group Managing Director Mr. Thilak De Silva. The ARC Centre is geared to provide vehicle […]
Korean Actress Lee Young-ae “Changumi” supports flood relief efforts
June 06, 2017 (LBO) – Korean Actress Lee Young-ae has made a contribution of 56,000,000 Korean Won (50,000 US Dollars) to support flood relief efforts in Sri Lanka, following the extensive devastation caused to life and property after floods and landslides. The Chairman of the Korea Foundation for Persons with Disabilities Lee Seong-gyu formally handed […]
Session 04 Q&| LBR LBO Brand Summit 2017
Session 04 Q&A | LBR LBO Brand Summit 2017
Harsha assumed duties as Deputy Min National Policies and Economic Affairs
Jun 06, 2017 (LBO) – Sri Lanka’s former deputy Minister of Foreign Affairs Harsha de Silva assumed duties as Deputy Minister of National Policies and Economic Affairs on June 05. State Minister for National Policies and Economic Affairs Niroshan Perera was also present.
Hilton to open 140-room resort in Weerawila, Sri Lanka
June 06, 2017 – Hilton signed a management agreement with KDU Adventures (Pvt) Ltd, a subsidiary of KDU Group, to manage the 140-room DoubleTree by Hilton Weerawila, scheduled to open in the first quarter of 2018. The latest signing brings the current Hilton pipeline hotels in Sri Lanka to seven properties. “With a fast-growing, global […]