All News

Work from home back in Western Province

As a measure to contain the prevailing wave of Coronavirus spread all public institutions in the Western Province and other major townships are …

John Keells Logistics venture into operations optimization through digitalization

Nov 02, 2020 (LBO) – John Keells Logistics (Pvt) Ltd (JKLL), a leading third-party logistics (3PL) services provider in the country, has partnered …

EDB facilitates export industries to remain uninterrupted during curfew in Western Province

Nov 02, 2020 (LBO) – Sri Lanka Export Development Board (EDB) is currently facilitating to ensure that the operations of export industries remain …

President makes concrete decisions to curb COVID – 19 spread

President Gotabya Rajapaksa has made several concrete decisions to curb COVID spread without disrupting public life and the economy. The measures …

Central Bank projects Sri Lanka economy to contract by 1.7-pct in 2020, grow by 5.0-pct in 2021

Nov 01, 2020 (LBO) – Sri Lanka's Central Bank projects the economy to contract by 1.7 percent in 2020, reflecting the impact of the pandemic …

Central Bank cancels licence issued to Axis Bank Limited in Sri Lanka

Oct 30, 2020 (LBO) – The Monetary Board of the Central Bank, having considered the request made by the Axis Bank Limited, India consequent to a …

Work From Home back in Western Province; circular with guidelines issued

Oct 30, 2020 (LBO) – As a measure to contain the prevailing wave of Coronavirus spread all public institutions in the Western Province and other …

Commercial Bank launches its SME Credit Card

Mastercard’s Country Manager for Sri Lanka & Maldives, Rajesh Mani was a special guest at the recent launch of a Mastercard-branded Credit Card …

Some parties with vested interests giving manipulated interpretations to our work: SLPA

Oct 29, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) affirms that strict health measures have been introduced for the smooth operation of the Port …

Tharaka Balasuriya reaffirms President’s commitment for 80-pct renewable energy

State Minister for Regional Co-operation Tharaka Balasuriya reaffirmed President Rajapaksa’s commitment for 80 percent renewable energy to …

Fitch assigns Sarvodaya Development Finance first time ‘B+(lka)’

Oct 29, 2020 (LBO) – Fitch Ratings has assigned Sarvodaya Development Finance Limited (SDF) a National Long-Term Rating of 'B+(lka)'. The Outlook …

NSB: [SL]AA(hyb) assigned to proposed basel III compliant additional tier I capital bond programme

Rating action ICRA Lanka Limited has assigned a rating of [SL]AA(hyb) with Stable outlook for the proposed LKR 5,000 Mn Basel III Compliant, …

Export industries to continue operations during curfew

Oct 28, 2020 (LBO) – The Sri Lanka Export Development Board (EDB) is currently facilitating to ensure that the operations of export industries …

CCC provides services for issuance of Certificate of Origin & certifying Commercial Documents

Oct 28, 2020 (LBO) – The Commercial Documents Registration Division (CDRD) of the Ceylon Chamber of Commerce with the purpose of providing an …

Independence & sovereignty won’t be compromised in foreign relations, says President

The US Secretary of State Mike Pompeo told President Gotabaya Rajapaksa that the United States is ready to continuously engage with Sri Lanka in its …

US – SL plan to make bilateral engagement more robust : Dinesh Gunawardena

Oct 28, 2020 (LBO) - Sri Lanka's Foreign Minister, Dinesh Gunawardena said that the USA and the Government plan to make bilateral engagement more …

VMware unveils 5G and edge advancements

VMware, Inc. (NYSE: VMW) recently announced its 5G Telco Cloud Platform, empowering Communication Service Providers (CSPs) to better meet the growing …

EFutures develops an AI-driven weight management system

EFutures is a boutique software product engineering company that focuses on technology companies. For this project, our client’s goal was to enable …

We want a sovereign Sri Lanka; quite contrast to what China seeks: US Secretary of State

Oct 28, 2020 (LBO) – US Secretary of State Mike Pompeo says that the strong sovereign Sri Lanka is a powerful and strategic partner for the United …

Ceylinco Life’s 9-month income up 14-pct to Rs. 26Bn

Sri Lanka’s life insurance market leader Ceylinco Life has posted consolidated income of Rs. 26 billion for the nine months ending 30 September, …

Litro Gas receives ISO 45001: 2018 for Occupational Health and Safety

Litro Gas was recently awarded ISO 45001: 2018 by the International Organization for Standardization of Geneva, Switzerland. This affirms compliance …

Focus on opportunities in developing agriculture to be explored at SL Eco Summit

COVID-19 has disrupted agriculture and supply chains in every corner of the globe. Firms in the supply chain have been tested and some have to …

Opinion: Blockchain technologies can boost global economy USD 1.76Tr by 2030

Tracking and tracing of products and services has the largest economic potential (US$962bn)Public administration, education and healthcare sectors …