All News

People’s Bank & SAPPTA discuss tailor-made financial solutions to boost spice exports

Aug 09, 2020 (LBO) – People’s Bank held a discussion with the Spices and Allied Products Producers' and Traders Association (SAPPTA) with the aim …

Mahinda Rajapaksa sworn in as Sri Lanka’s Prime Minister

Aug 09, 2020 (LBO) – The leader of Sri Lanka Podujana Peramuna (SLPP) Mahinda Rajapaksa was sworn in as the 13th Prime Minister of Sri Lanka before …

Chitranjali Dissanayake appointed Director General of Export Development Board

Aug 08, 2020 (LBO) – Chitranjali Dissanayake has been appointed as the Director General of Sri Lanka Export Development Board (EDB) with effect …

Pakistan PM congratulates PM of Sri Lanka on his party’s electoral victory

Prime Minister Imran Khan made a telephone call to the Prime Minister of Sri Lanka, Mahinda Rajapaksa, to congratulate him on his party’s …

Sri Lanka gross official reserves rebound to USD 7.1bn in July

Aug 07, 2020 (LBO) – Sri Lanka’s gross official reserves have improved to 7,102.0 million US dollars by the end of July from 6,693.2 million …

Are caveat notices strangling the condominium industry in Sri Lanka?

Kapila Gamage Attorney-at-Law and Condominium Consultant The condominium developers of Sri Lanka are being terrorized by a new kind of threat that is …

Global growth forecast on track after latest GDP data: Fitch Ratings

Fitch Ratings' outlook for global GDP in aggregate remains on track with its June Global Economic Outlook (GEO) forecast after the recent bout of …

We look forward to partnering with government & new parliament: United States

Aug 07, 2020 (LBO) – The United States congratulates Sri Lanka on conducting the elections in a peaceful and orderly manner despite the challenges …

Sri Lanka ruling alliance secures two-thirds majority in Parliamentary Elections

Aug 07, 2020 (LBO) – Sri Lanka's ruling alliance has secured a two-thirds majority in the parliamentary elections 2020. In a twitter message, …

Sri Lanka has the potential to serve as a Sustainable Finance Hub for South Asia

Sri Lanka Banks’ Association’s Sustainable Banking Initiative and the International Network of Financial Centres for Sustainability (FC4S ) …

Court refuses injunction sought by LRI to prevent allocation of land to foreign investor

Aug 06, 2020 (LBO) - The District Court of Colombo made Order refusing an Injunction sought by Lanka Realty Investment (formerly Ascot Holdings PLC) …

Sri Lanka’s GDP contracts by 1.6% in 1Q 2020

Aug 06, 2020 (LBO) - Sri Lanka's GDP growth rate for the first quarter of 2020 has been estimated as 1.6 percent of negative growth rate, when …

Fitch affirms Commercial Bank of Ceylon at ‘AA+(lka)’; Outlook negative

Aug 06, 2020 (LBO) - Fitch Ratings Lanka has affirmed Commercial Bank of Ceylon PLC's (CB) National Long-Term Rating at 'AA+(lka)'. The Outlook …

Revitalizing bilateral trade and investment between Sri Lanka and Germany

Aug 06, 2020 (LBO) – The Consulate General of Sri Lanka in Frankfurt am Main organised a Business Forum on 31 July 2020 on the occasion of the …

Opinion: The Radical Center; An Agenda for True Patriots

By Mangala Samaraweera: Sri Lanka today is facing an unprecedented political, economic and social crisis; as a nation we are gazing into the abyss at …

How cloud computing is redefining management.

As the cloud transforms the manner in which we interact with technology overall, businesses and consumers alike are now highly reliant on the vast …

New Parliament meets on August 20th

Aug 04, 2020 (LBO) - President Gotabaya Rajapaksa has summoned the new Parliament to meet on 20th August, 2020 following the General Election on …

Global software company WSO2 turns 15 today

Aug 04, 2020 (LBO) – WSO2, a software company that began in Sri Lanka in 2005, marks 15 years of business operations today. Starting with just 10 …

Ericsson appoints David Hägerbro as Head of Ericsson Sri Lanka, Malaysia & Bangladesh

Aug 03, 2020 (LBO) – Ericsson today announced the appointment of David Hägerbro as Head of Ericsson Sri Lanka, Malaysia & Bangladesh and …

SEC introduces a Framework for Real Estate Investment Trusts (REITs)

In Sri Lanka, owing to spiraling property prices it is a challenge for average citizens to finance real estate investments. Therefore, a significant …