All News

Colombo Port City secures first investment with USD 1bn Colombo International Finance Center

Dec 17, 2020 (LBO) – The first investment within the Colombo Port City will commence with the one billion dollar Colombo International Finance …

Dec 17, 2020 (LBO) – The Ambassador-designate of the Democratic Socialist Republic of Sri Lanka to the People’s Republic of China, Dr. Palitha …

Dec 17, 2020 (LBO) – Renuka Holdings PLC’s rights issue concluded on the 16 of December raising 1.082 Bn, higher than the required 1.03 Bn for …

Dec 17, 2020 (LBO) – The United States remains a friend and partner to Sri Lanka and will continue to assist Sri Lanka in responding to COVID and …

Real Estate is one of the largest markets/industries in the world. In 2018, Real Estate market transactions reached $1.75 trillion. It is important …

Union Assurance PLC, a John Keells Company announces the launch of Clicklife, a turnkey product that offers protection plans in a secure, …

Dec 16, 2020 (LBO) – Sri Lanka has recorded a 1.5 percent of economic growth rate for the third quarter of 2020 and a negative 16.3 percent of …

Having always been a trailblazer in epicurean experiences, Cinnamon Grand Colombo continues that momentum with the launch of PLATES, its 24-hour …

Dec 16, 2020 (LBO) – Fitch Ratings believes Sri Lanka-based consumer-durables retailer Abans PLC's (BBB+(lka)/Negative) leverage will rise faster …

By Bilesha Weeraratne: Sri Lanka’s migrant workers are an integral part of our economy, with their remittances traditionally accounting for the …

President Gotabaya Rajapaksa examined the possibility of rapidly adding renewable energy sources such as wind, solar and natural gas to the power …

Dec 15, 2020 (LBO) – Hemas Holdings PLC (HHL) has divested its’ shareholding in Serendib Hotel PLC to Eden Hotel Lanka PLC, a subsidiary of LOLC …

The COVID-19 pandemic is the latest crisis facing the world, but unless humans release their grip on nature, it won’t be the last, according to a …

Dec 15, 2020 (LBO) – Moody’s Investors Service says in a new report that the uneven global economic recovery will intensify fiscal and liquidity …

Dec 14, 2020 (LBO) – The new building constructed for the duties of the Attorney General's Department was declared open this morning at the …

The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facility (APVAX)—offering rapid and …

Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan paid a courtesy call on Foreign Secretary Admiral Prof. Jayanath Colombage recently and …

The industry of software development in Sri Lanka is always on its toes when it comes to the latest happenings in the digital world – and for good …

Dec 14, 2020 (LBO) – Suresh de Mel, a well-known entrepreneur, assumed duties as the new Chairman of the Sri Lanka Export Development Board (EDB). …

By Ashani Abayasekara The policy proposal in Sri Lanka’s 2021 Budget to impose a 0.25% tax on the revenue of companies to set up a ‘COVID-19 …

Pelwatte Dairy Industries, the local dairy giant consents to the budget 2021 tabled recently, it expressed its appreciation towards the measures …

"Korea Week 2020" is upcoming! The Embassy of the Republic of Korea welcomes you to participate in the “Korea week 2020” which is a virtual …

Dec 13, 2020 (LBO) – The Central Bank requires the licensed commercial banks and National Savings Bank (NSB) to suspend the purchase of Sri Lanka …

Dec 13, 2020 (LBO) – SriLankan Airlines is set to increase the frequency of passenger flights from Colombo to Singapore from once a week to thrice …