Sri Lanka vehicle registrations continue to dip in Oct 2020
Sri Lanka’s vehicle registrations in October hit a record low across the board, including all commercial vehicle categories, due to the economic …
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Sustainable blue-economy is future of Bay of Bengal region
Addressing a special BIMSTEC public event held on 20- 21 November 2020 in Bangkok, Sri Lanka’s Ambassador to Thailand Samantha K. Jayasuriya said …
CMA CGM vessels do maiden relay transshipment at Hambantota International Port
Two vessels owned by global French transportation and shipping group CMA CGM made their maiden call at HIP last week. The vessels which were …
Fitch downgrades Sri Lanka to ‘CCC’, rating based on uncorroborated facts, says Finance Ministry
Nov 27, 2020 (LBO) – Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC'. Fitch typically does …
CA Sri Lanka graduates can fast-track their way to become Chartered Accountants
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which is the country’s sole professional body offering a recognised …
SL can build back better from COVID-19 and realize inclusive, resilient growth
Nov 27, 2020 (LBO) - World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, completing his first visit to the …
Ministry of Technology comes under President’s purview
Nov 26, 2020 (LBO) – In accordance with the revision of subjects under Ministries on November 20th, Ministries of Defence and the Technology have …
Lotus Tower shines bright in orange to shed light on gender-based violence
Every year, iconic buildings around the world are illuminated in orange during the ‘16 Days of Activism Against Gender-based Violence’, a …
Asia Securities wealth management launches new money market fund
Asia Securities Wealth Management (Pvt) Ltd., the investment management arm of Asia Securities, launched the Asia Securities Money Market Fund today. …
Sri Lanka Govt and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $165 million loan agreement to provide immediate financing support …
New Cabinet Minister & State Minister sworn in
Nov 26, 2020 (LBO) – A new Cabinet Minister and a State Minister were sworn in before President Gotabaya Rajapaksa at the Presidential Secretariat, …
Central Bank introduces maximum interest rate on mortgage-backed housing loans
Nov 26, 2020 (LBO) – Complementing the concessional loans schemes proposed by the Government in the Budget 2021, the Monetary Board of the Central …
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 …
Mastercard index of women entrepreneurs: COVID-19 could set-back a generation of women in business
Women across the world have been disproportionally impacted by the COVID-19 pandemic – a staggering 87% of women business owners say they have been …
ComBank adds QR code to Credit Card statements
The Commercial Bank of Ceylon has become the first bank in Sri Lanka to enable its credit card holders to conveniently and instantly settle their …
Sri Lanka and China discuss consolidating bilateral relations
Foreign Secretary Admiral Prof. Jayanath Colombage together with Vice Minister of the Ministry of Foreign Affairs of China, Luo Zhaohui,chaired the …
Emirates offers expanded, multi-risk travel insurance coverage
Emirates customers can now plan their travels and fly with even greater assurance and peace of mind, with the airline’s latest industry-first …
Facebook launches #BeDiscovered campaign in Sri Lanka to empower & inspire local businesses
As part of Facebook’s efforts to empower local small and medium-sized businesses (SMBs), Facebook launches the #BeDiscovered campaign in Sri Lanka …
Sovereign bond opportunity is “too good to miss” says new Chair of Ceylon Asset Management
The new Chairman of Ceylon Asset Management (CAM), Mr. Malaka Bandara highlighted “this is a rare opportunity to invest in SL Sovereign Bonds at …
ADB to help SL small and medium-sized enterprises recover from COVID-19
The Asian Development Bank (ADB) has approved a $165 million loan to Sri Lanka to provide immediate financing support for small and …
MAGA constructs Manning Market complex in Peliyagoda
The new Manning Market Complex in Peliyagoda was inaugurated on 20 November 2020 by the Prime Minister Mahinda Rajapaksa. The complex houses 1192 …
Antibiotic resistance: SLCPI calls for responsible antibiotics prescription, use
The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) reiterated its commitment towards raising awareness on ethical marketing, prescribing …
CBSL to hold policy rates steady, vow to retain market rates stable: First Capital Research
Nov 24, 2020 (LBO) – First Capital Research believes that CBSL will maintain the same policy stance in this monetary policy review, but given the …
Sri Lankan banks’ ratings unaffected by proposed FLC mergers: Fitch Ratings
Nov 23, 2020 (LBO) – The mergers of Sri Lankan finance and leasing company (FLC) subsidiaries with their parent banks will not have an immediate …