All News

Sri Lanka’s Seylan Bank to issue listed debentures

Jul 30, 2020 (LBO) – Sri Lanka’s Seylan Bank is to issue two types of listed debentures, the bank said in a stock exchange filing. The bank at a …

JKH posts negative Rs.2.43bn as Group PBT in June quarter, recovery faster than anticipated

Jul 29, 2020 (LBO) – Sri Lanka's diversified John Keells Holdings says that the business recovery is reverting to almost pre-COVID-19 levels, …

EFL 3PL extends support for businesses via flexible logistics model to manage cash flows

Jul 29, 2020 (LBO) – EFL 3PL, the 3PL arm of the logistics conglomerate Expolanka Holdings has taken the initiative to support businesses to move …

Nations Trust Bank American Express ties up with PickMe

Nations Trust Bank American Express joins hands with PickMe, Sri Lanka’s leading mobility solutions provider, to provide convenient and cashless …

Dialog Axiata initiates 10 bed ICU development project at Homagama base hospital

Sri Lanka’s premier connectivity provider, Dialog Axiata PLC, has commenced immediate civil work for the expansion and provision of all equipment …

Housing for low, middle-income families in Colombo, Waste recycle programme: President

Jul 29, 2020 (LBO) - President Gotabaya Rajapaksa says Colombo will be developed under a well-designed plan while addressing main issues faced by the …

Enterprise analytics ties up with Acumatica to equip SMEs with ERP solutions

Jul 29, 2020 (LBO) - Enterprise Analytics, a leading provider of pioneering technology-based business solutions, recently partnered with Acumatica …

BOI signs agreement with Vallibel Properties to construct its landmark building

Jul 29, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Vallibel Properties Limited to construct its …

Traveling to Dubai and beyond: new guidelines issued for passengers

Jul 28, 2020 (LBO) - Customers from across Emirates’ network can now travel to Dubai as the city has re-opened for business and leisure visitors …

ComBank introduces first QR-enabled payment option for Credit Cards in Sri Lanka

Commercial Bank Credit Card holders can now conveniently and instantly settle their Credit Card outstanding via their mobile QR payment App by …

IIHS introduces “Doctor of Nursing” programme in Sri Lanka

International Institute of Health Science (IIHS), Sri Lanka’s premier and leading healthcare education institute renowned for the high quality …

President orders speedy construction of central expressway

Jul 28, 2020 (LBO) - President Gotabaya Rajapaksa has directed the Minister-in-Charge to accelerate the construction works of the Central Expressway …

People’s Bank’s Rs. 20bn debenture issue oversubscribed

Jul 28, 2020 (LBO) – People’s Bank’s BASEL III, Tier 2 compliant, Unlisted, Rated, Unsecured, Subordinated, Redeemable Debenture issue was …

Sri Lanka in talks to secure additional USD 1bn under Special Bilateral Swap from RBI: CBSL

Jul 27, 2020 (LBO) – Sri Lanka's Central Bank says the discussions are ongoing to secure an additional USD 1 billion, under a Special Bilateral …

United States works with Sri Lankan apparel industry to increase PPE exports

Jul 27, 2020 (LBO) – The United States is helping Sri Lankan apparel producers to export Personal Protective Equipment (PPE) to the United States. …

Fitch affirms ratings of People’s Bank and Bank of Ceylon; Outlook Negative

Jul 27, 2020 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of People's Bank at 'AA+(lka)' with a Negative Outlook. Fitch Ratings …

Opinion: COVID–19 is accelerating the technology takeover

by Shanil Fernando (Co-founder & MD of Sysco LABS) The COVID-19 pandemic has revealed a great deal of vulnerabilities in our world and our way …

Fitch plans to withdraw ratings of Kotagala Plantations

Jul 27, 2020 (LBO) - Fitch Ratings plans to withdraw the ratings of Kotagala Plantations PLC for commercial reasons on or about 21 August 2020, which …