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Park & Ride bus service to ease traffic congestion launched

The first phase of the Park & Ride bus service was inaugurated at the Makumbura Multimodal Transport Center, Kottawa today (Jan. 15) in the …

RPCs lay out final proposal to remunerate workers Rs. 1105 per day

In a meeting today between the Minster of Labour Hon. Nimal Siripala de Silva and the Chairmen of all Sri Lankan Regional Plantation Companies …

Buying apartments the right way: 3 things to be mindful of

By Lanka Proprty Web From vertical living to multi-storied houses and ancestral homes in the countryside, housing has evolved throughout the years in …

No room for corruption when negotiating credit facilities with foreign parties: People’s Bank

People's Bank wishes to place on record the following with regard to certain opinions expressed or reported recently on media; People's Bank, as a …

Sri Lanka to commence charter flights to Myanmar from mid-2021

Sri Lanka can commence charter flights from mid-2021, in the post COVID-19 phase said Regional Manager (Southeast Asia) of the Sri Lankan Airlines, …

Port City Colombo attracts world’s top investor Nathaniel Rothschild

World renowned financier and a member of Rothschild family, Nathaniel Rothschild who is in Sri Lanka for a brief business tour, paid a visit to Port …

SriLankan Airlines has been awarded Platinum Standard status by APEX Health Safety

SriLankan Airlines has been awarded the Platinum Standard status by APEX Health Safety powered by SimpliFlying following a full independent audit for …

President declares open South Asia’s largest tyre manufacturing factory

President Gotabaya Rajapaksa declared open Ferentino Tire Corporation- PVT Ltd, largest tyre and radiator tyre manufacturing factory in South Asia …

Fitch revises 7, affirms 7 SL non-fin corporates’ ratings on national rating scale revision

Fitch Ratings has taken rating action on Sri Lankan non-financial corporates following the recalibration of its Sri Lankan National Rating scale to …

East Container Terminal will not be sold or leased – President tells Trade Union representatives

President Gotabaya Rajapaksa assured representatives of Port Trade Unions that the East Container Terminal of the Colombo Port will not be sold or …

European Union provides LKR 8.26 billion in grants to Sri Lanka

The European Union (EU) announced the signing of three grants worth EUR 35.75 million (LKR 8.26 billion) which will support Sri Lanka’s justice …

British resident in Sri Lanka awarded British Empire Medal for services to animal welfare

Samantha Green, Chief Executive Officer of Dogstar Foundation has been awarded a British Empire Medal for her services to animal welfare. Samantha …

Softlogic Finance issues clarification regarding punitive action by CBSL

The Central Bank of Sri Lanka recently issued a statement on penalties imposed against several financial institutions, including Softlogic Finance …

CBSL permits Swarnamahal Financial Services to resume business for a limited purpose

Jan 12, 2021 (LBO) – The Central Bank has made an order permitting Swarnamahal Financial Services PLC to resume business notionally for a limited …

Central Bank to initiate legal process to wind up ETI Finance

Jan 12, 2021 (LBO) – The Monetary Board of the Central Bank has decided to cause Director, Supervision of Non-Bank Financial Institutions to make …

Policy rates to hold steady, amidst sweeping measures to insulate economy: FCR

Jan 12, 2021 (LBO) – First Capital Research believes that there is a 60% probability to hold rates due to the considerable improvement in …

Sri Lanka – Bangladesh agree to promote maritime cooperation

The newly appointed High Commissioner of the People’s Republic of Bangladesh to Sri Lanka Tareq Md. Ariful Islam representing presented his …

EU, UNDP call on youth leaders to join ‘United Creatives’ for digital peacebuilding

The United Nations Development Programme (UNDP) and the EU are calling on youth leaders, influencers, and creators to promote peace through digital …

Uber marks 5 yrs in SL, serves 1.8Mn riders and 110,000 drivers

Jan 12, 2021 (LBO) - Uber today marks its fifth year anniversary in Sri Lanka, during which it has served 1.8 million riders, completed more than 53 …

IFC’s $25Mn investment in NTB to help businesses continue operations amid COVID-19

In an effort to provide improved access to critical working capital for Sri Lankan businesses impacted by the COVID-19 pandemic and to help preserve …