Renuka Holding PLC to raise Rs.1Bn via rights issue on CSE digital platform
Dec 08, 2020 (LBO) - Renuka Holding PLC (RHL) has announced plans to raise Rs. 1.031 billion via a Rights Issue closing on the 16th of December to …
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World Bank says SL’s high-level of informal employment a concern
Dec 07, 2020 (LBO) - Around 70 percent of Sri Lanka's workforce are informally employed and there are generally three reasons to be concerned about …
Foreign Minister discusses SL’s bilateral cooperation with Cuban ambassador
The Ambassador of the Republic of Cuba in Sri Lanka, Juana Elena Ramos Rodriguez met Foreign Minister Dinesh Gunawardena recently at the Ministry. …
IPS calls for a ban on sale of single-stick cigarettes; advocates continued price increases
Dec 07, 2020 (LBO) – Institute of Policy Studies (IPS) calls for a ban on sale of single-stick cigarettes to reduce the smoking prevalence rate and …
Ambassador Aryasinha assumes duties in Washington D.C.
Sri Lanka’s Ambassador Designate to the United States of America Ravinatha P. Aryasinha, on Friday had his copy of credentials accepted by the US …
SriLankan Airlines named ‘World’s Leading Airline to Indian Ocean’ at WTA
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance has won the prestigious ‘World’s Leading Airline to …
Daraz MD Rakhil Fernando appointed Habitat for Humanity SL Goodwill Ambassador
Dec 03, 2020 (LBO) – Habitat for Humanity Sri Lanka, an international non-profit organization dedicated towards providing every family in Sri Lanka …
More female riders could boost revenues for ride-hailing in Sri Lanka, finds new IFC study
Dec 03, 2020 (LBO) – Annual revenues for ride-hailing in Sri Lanka could increase by more than a quarter if gaps between men and women’s …
SL Central Bank Governor W D Lakshman speaks at Economic Summit 2020
Dec 02, 2020 (LBO) - Governor of Sri Lanka's Central Bank W D Lakshman says Sri Lanka pushing up investor confidence with strong political stability, …
Uber Eats marks second anniversary in Sri Lanka, completes 10 million orders
Uber Eats is marking its second year anniversary in Sri Lanka after successfully delivering 10 million orders to hungry eaters. The platform more …
President makes new appointments to Judiciary including 6 supreme court judges
President Gotabaya Rajapaksa yesterday made several key Judiciary appointments with twenty one new judges to superior courts sworn in, yesterday. …
Standard Chartered supports SL’s economic recovery via financing facilities for PPE manufacturers
Dec 02, 2020 (LBO) - Standard Chartered Sri Lanka announced today the facilitation of financing for Industrial Clothing Limited (Midas Safety Sri …
Sierra Cables register commendable performance in 2Q; wins new tender for uPVC pipes
Sierra Cables, Sri Lanka’s leading manufacturer of copper and aluminium cables at the forefront of meeting multiple needs across industrial …
Dr. Indunil Liyanage appointed Condominium Management Authority General Manager
Dr.Indunil Liyanage, senior management and marketing professional assumed duties as the General Manager of Condominium Management Authority (CMA) of …
Private sector an equal partner in economic revival: Dr. Hans Wijayasuriya
Dec 02, 2020 (LBO) - Chairman of the Ceylon Chamber of Commerce has called on the private sector to be an equal partner in securing an accelerated …
Phase 5 of Jaya container terminal of SLPA commences
Dec 01, 2020 (LBO) - The construction of the phase 5 of the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) commenced today. The …
Sri Lanka extends validity period to open Special Deposit Accounts; permission to retain funds
Dec 01, 2020 (LBO) – The government has decided to extend the validity period of opening Special Deposit Accounts (SDAs) up to 07 April 2021 on the …
Govt is bringing in new laws to fully protect investments: President at SL Economic Summit
Dec 01, 2020 (LBO) – Sri Lanka's government is bringing in new laws to fully protect investments in order to attract more Foreign Direct Investment …
Fitch downgrades SriLankan Airlines government-guaranteed bonds to ‘CCC’
Dec 01, 2020 (LBO) – Fitch Ratings has downgraded the rating on SriLankan Airlines Limited's (SLA) USD175 million government-guaranteed 7% …
We will no longer take loans for projects, says Cabinet Spokesman
Dec 01, 2020 (LBO) – Sri Lanka's government has decided not to take loans for projects, Cabinet Spokesman Keheliya Rambukwella said. Speaking at …
Sri Lanka to extend restriction order on forex outflows by 6 months
Dec 01, 2020 (LBO) – Sri Lanka's cabinet of ministers has decided to extend the validity period of the order issued under the Foreign Exchange Act …
Addressing poverty: Towards empowered Sri Lankan households
2020 has been a profoundly challenging year for Sri Lanka and the world at large with the COVID-19 pandemic causing an unprecedented crisis, so much …
Sampath Bank offers attractive loans for commercial & residential solar power projects
Extending its support to the Sri Lankan Government’s intention to increase the use of solar power among commercial and residential sectors, Sampath …
OCTAVE: Integrating advanced analytics with front-line business decisions
OCTAVE, the John Keells Group’s Data and Advanced Analytics Center of Excellence is making strides to build a world-class analytics practice to …