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Sri Lanka Telecom & Mobitel join forces making history in national connectivity

Sri Lanka Telecom (SLT) and SLT Mobitel unveiled their unified brand identity on January 1, 2021 at SLT Headquarters forming a formidable force …

68,000 Sri Lankans awaiting return: Foreign Secretary

Despite the worsening global situation triggered by the Covid pandemic, the process of repatriation of Sri Lankans, one of the …

England Cricket team arrived in Sri Lanka to play two Test series in Galle

Jan 03, 2021 (LBO) – The England cricket team arrived in Sri Lanka on Sunday to play two Test series against Sri Lanka in Galle. This will be …

ASPI recorded a growth of 10.5-pct in 2020; market turnover highest since 2011

Jan 01, 2021 (LBO) – The benchmark All Share Price Index (ASPI) of Colombo Stock Exchange (CSE) closed 2020 recording a growth of 10.5%, the …

ComBank launches Sri Lanka’s first ‘WhatsApp Banking’ facility

A simple “Hi” is all it now takes to access services at the Commercial Bank of Ceylon. Demonstrating its innovative use of new-age …

New Year motivates us to move towards a new meaningful height in life

Jan 01, 2021 (LBO) – The dawn of the New Year motivates us to move towards a new meaningful height in life while providing an opportunity to …

Commercial Bank launches CBC Finance as successor to Serendib Finance

Dec 31, 2020 (LBO) – The Commercial Bank of Ceylon has announced the launch of CBC Finance Ltd., the Bank’s fully-owned Licenced Non-bank Finance …

UK approves easy-to-handle Oxford vaccine for COVID

Dec 30, 2020 (LBO) – The United Kingdom has authorised the use of a second COVID-19 vaccine, becoming the first country to approve of an …

16 SL companies excel at SAFA best presented Annual Report Awards

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) hosted the 24th SAFA Best Presented Annual Reports (BPA) Awards Ceremony in …

ICRA Lanka re-affirms ratings of Janashakthi PLC

ICRA Lanka Limited has reaffirmed the issuer rating of [SL]BBB- (pronounced SL triple B minus) with Negative outlook for Janashakthi PLC (JPLC or the …

Lanka Sathosa manages to cut down its annual losses by around 60-pct during 2020

Dec 30, 2020 (LBO) – Lanka Sathosa Limited, the country’s largest retail network business, registered a profit of around Rs.100 million for the …

Sri Lanka to ban the use of maize for production of alcohol & ethanol

Dec 28, 2020 (LBO) – President Gotabaya Rajapaksa directed the subject Minister and the officials to intervene to stop the irregularities …

Central Bank Road Map for 2021 to be announced next Monday

Dec 28, 2020 (LBO) – The Road Map: Monetary and Financial Sector Policies for 2021 and Beyond will be announced by the Governor of the Central Bank …

DFCC Bank empowers SME’s through ‘DFCC Vayapara Athwela’ online programme

DFCC Bank, one of the island’s fastest growing premier commercial banks, has continued to reaffirm it’s promise as the ‘Bank for Everyone’, …

Opinion: Education Equity in Sri Lanka: A Pathway out of Poverty

By Wimal Nanayakkara: Although Sri Lanka has provided universal free education since 1939, around one-fifth of poor children drop out of school after …

Cinemas in Sri Lanka to reopen under strict safety guidelines

Dec 28, 2020 (LBO) – Prime Minister Mahinda Rajapaksa has advised reopening cinemas in compliance with strict COVID-19 safety guidelines. The Film …

South Africa desires balance in trade ties, willing to consider slashing tariffs for tea exports

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) warmly received the outgoing South African High Commissioner …