ICRA Lanka reaffirms the ratings of Bogawantalawa Tea Estates PLC
Jul 23, 2020 (LBO) - ICRA Lanka Limited has reaffirmed the issuer rating of [SL]BBB+ (pronounced SL triple B plus) with Negative Outlook for …
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9 new innovators selected virtually for second batch of Fashion for Good’s South Asia Innovation Programme
Jul 23, 2020 (LBO) - Fashion for Good, a global platform for innovation, welcomes 9 start-up innovators into the second batch of its regional …
Tile and sanitaryware temporary import suspension has adverse impact on SL’s revenue
Jul 23, 2020 (LBO) - The Tile & Sanitaryware Importers Association (TSIA), Sri Lanka’s main body established to address the grievances of tile …
New head appointed to head London Stock Exchange’s Shared Services Centre in Sri Lanka
Jul 22, 2020 (LBO) - London Stock Exchange Group (LSEG) has announced today that Arjuna Nanayakkara has been appointed as the Head of Shared Services …
UNFPA & designer Amilani Perera raise awareness on violence against women
Violence against women and girls is one of the most prevalent human rights violations in the world. It knows no social, economic, or geographic …
Compensation payments for ETI Finance & SFSP depositors to be commenced from Saturday
Jul 22, 2020 (LBO) – Compensation payments to the depositors of ETI Finance Limited (ETIFL) and Swarnamahal Financial Services PLC (SFSP) is to be …
Pandemic sparks digitization drive among Asian firms: HSBC
Jul 22, 2020 (LBO) - COVID-19 has forced Asian corporates to confront their business resilience in an unprecedented way, underlining the urgent need …
Sri Lanka’s headline inflation increased to 6.3-pct in June
Jul 22, 2020 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index has increased to …
Moody’s extends review for downgrade on three Sri Lankan banks’ ratings
Jul 21, 2020 (LBO) – Moody's Investors Service has today extended its review for downgrade on Bank of Ceylon's (BOC), Hatton National Bank PLC's …
Study reveals Oxford University’s coronavirus vaccine produces strong immune response
A team of scientists at Oxford University’s Jenner Institute and Oxford Vaccine Group has taken the next step towards the discovery of a safe, …
People’s Bank slashes loan interest rates up to 6-pct for SMEs & 9-pct for personal loans
Jul 21, 2020 (LBO) – People’s Bank has announced special concessionary interest rates across the board with almost all of them at single-digit …
Pandemic to cost rated Sri Lankan corporates LKR 30bn in revenue: Fitch Ratings
Jul 21, 2020 (LBO) – Rated Sri Lankan corporates are set to lose around LKR30 billion in revenue in the financial year ending March 2021 due to the …
Sri Lankan banks’ ratings under pressure as operating conditions weaken: Fitch
Jul 20, 2020 (LBO) – Fitch Ratings revised down the operating environment (OE) score for Sri Lankan banks to 'b-' from 'b' in May 2020 after the …
Sri Lanka and Viet Nam celebrate 50 Years of formal Diplomatic Relations
Sri Lanka and Viet Nam commemorate the 50th anniversary of their establishment of formal diplomatic relations on 21 of July 2020. Although only …
Russian crew sign-on & sign-off at Hambantota International Port
Jul 20, 2020 (LBO) – The first bulk crew changes after the lockdown was carried out at the Hambantota International Port (HIP) recently, keeping to …
Opinion: Deficits and Implied Taxation
By Prince of Kandy I am not saying it is a life and death matter when you print money. During my period it isn’t that we didn’t have excess …
Dialog Axiata introduces multi-biometric features on MyDialog app
Jul 20, 2020 (LBO) – Sri Lanka’s premier connectivity provider, Dialog Axiata recently introduced a novel addition to the MyDialog App in the …
Opinion: Downturn of the lockdown
By Ravindra Kariyawasam The lockdowns imposed on several countries across the world owing to COVID- 19 had one positive result; the environment …
Earnings from merchandise exports rebounded in June to USD 906mn: EDB
Earnings from merchandise exports rebounded in June 2020 to US $ 906.02 Mn as per the Customs statistics, with the export sector progressively …
Cloud computing for the future: current trends, what to expect and more.
The industry of software outsourcing in Sri Lanka has long since been garnering demand to deliver products and services that are uniquely focused …
Sri Lanka’s President calls on engineers to revolutionize construction sector
Jul 17, 2020 (LBO) – President Gotabaya Rajapaksa invited the local engineers to take part in a revolutionary transformation in the construction …
Crude oil tanker ‘Marine Hope’ largest vessel ever to call at Hambantota International Port
Jul 17, 2020 (LBO) – Crude oil tanker ‘Marine Hope’ sailing under the Marshall Islands flag called at the Hambantota International Port (HIP) …
Relief measures on tourism sector businesses & individuals further extended
Jul 17, 2020 (LBO) – Considering the potential adverse impact of COVID-19 pandemic on tourism sector businesses and individuals, the Central Bank …
The UK welcomes international students, also launches new Health & Care Visa
Jul 17, 2020 (LBO) – UK universities are looking forward to welcoming new international students for the next academic year. The British High …