Interview: Our aim is to provide a better 4G experience, HUTCH CEO
With the completion of its bigger and better island wide 4G network in February this year, HUTCH is on course to enhance its brand presence and …
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Opinion: A return to import substitution won’t deliver rapid growth
R.D.R. Jayampathi Sri Lanka has imposed increasing levels of controls on imports since March 2020. While this was partly a reaction to a balance of …
Sri Lanka restricts outward remittances on capital transactions for six months
Jul 16, 2020 (LBO) – Sri Lanka's Minister of Finance with the recommendation of the Monetary Board and the approval of the Cabinet have issued an …
DFCC migrates to Google Enterprise with Finetech Consultancy
Sri Lanka's pioneer Development Finance Institution DFCC Bank partnered with Finetech, the Google Premier Partner for Sri Lanka, Maldives and …
SLTDA creates provisional licensing to assist SMEs
Jul 15, 2020 (LBO) - SLTDA creates provisional licensing to assist SME’s enabling them to seek COVID-19 health certification to host tourists in …
Sri Lanka’s love for ‘Extra’ and Chicken Fried Rice: Report
Jul 15, 2020 (LBO) - Uber Eats today released the Sri Lanka chapter of the Uber Eats cravings report 2020, a snapshot of the country’s favourite …
Litro Gas records 2.3-pct volume growth in 1Q 2020 despite COVID-19 challenges
Overcoming economic adversity through resilience and financial efficiency has been at the heart of the Litro Gas strategy as the Company mitigates a …
New appointments to Central Bank’s Monetary Board
Jul 15, 2020 (LBO) – New members have assumed duties as serving members of the Monetary Board of the Central Bank, pursuant to being appointed to …
Abans opens its first Elite Showroom in the Northern Province
By Jekhan Aruliah On Saturday 11th July 2020 Abans opened its first Elite Showroom in Jaffna (in the Cargills Mall on Hospital Road). In fact this is …
Nokia and SLT deploy next generation fiber network for ultra-fast broadband access
Jul 15, 2020 (LBO) - Sri Lanka Telecom PLC (SLT), one of the leading telecom service providers in Sri Lanka, will deploy a fiber-to-the-home (FTTH) …
Treasury issues letters confirming bills due from Sri Lanka’s government to contractors
Jul 14, 2020 (LBO) – Sri Lanka’s Treasury has commenced issuing confirmation letters verifying the bills due from the government to contractors …
LankaPropertyWeb records the highest traffic in June
Jul 14, 2020 (LBO) -LankaPropertyWeb.com, the leading real estate website in Sri Lanka with over 15,000 property listings, recorded its highest …
Interview: Seylan Merchant Portal, simplified payment solution for SMEs in SL
Interview of Chaminda Senewiratne, head of Digital Banking, Seylan Bank PLC. Could you briefly explain what “Seylan merchant portal” is? …
Listen to Jack Ma: “To be successful learn from other people’s mistakes”
By Jekhan Aruliah Jack Ma, the billionaire founder of the Alibaba platform described as “the leading platform for global wholesale trade”, gave …
Central Bank suspends business of ETI Finance & Swarnamahal Financial Services
Jul 13, 2020 (LBO) – The Monetary Board (MB) of the Central Bank has decided to suspend the business activities of ETI Finance Ltd (ETIF) and …
Japan agrees to grant Rs. 340mn to improve anti-narcotic activities
Jul 13, 2020 (LBO) – Japanese government has agreed to provide Japanese Yen 200 million (Rs. 340 million) grant under the Japanese non-project …
Mastercard expands simple & secure digital checkout experience in Asia Pacific
As Asia Pacific shifts rapidly to digital commerce, Mastercard is bringing the next generation of seamless payments to the region with an online …
SL receives USD 87mn into Special Deposit Accounts so far; expands funding sources
Jul 13, 2020 (LBO) – Sri Lanka's Government in consultation with the Monetary Board of the Central Bank has taken further measures to encourage the …
COVID-19 reshaping Sri Lanka’s real estate market: Prime Group
Jul 13, 2020 (LBO) - Sri Lanka’s residential apartment sales has been seeing renewed interest since January 2020 and post COVID -19 as well …
SL vehicle registrations upon preference for private vehicles for fear of COVID – 19 infection
Jul 13, 2020 (LBO) - In most categories there was a dramatic rebound to pre COVID19 levels, pent up demand, expectations of a stock out of dealer …
JICA grants Rs. 463mn to assist human resource development of public sector
Jul 13, 2020 (LBO) – Japan International Cooperation Agency (JICA) and Government of Sri Lanka today signed a Grant Agreement amounting to 269 …
CC Chairman urges Govt. to gazette guidelines proposed for conducting elections
Jul 12, 2020 (LBO) – The Chairman of Sri Lanka's Constitutional Council (CC), former Speaker Karu Jayasuriya urges the government to gazette the …
Senkadagala Finance receives USD 25mn facility from a Dutch development bank
Jul 10, 2020 (LBO) – Senkadagala Finance recently announced that it received a US $25 million 5 Year Green Investment Facility from Nederlandse …
Opinion: The myth: Self-sufficiency guarantees food security
By Sathya Karunarathne The novel coronavirus which drove cities and countries into lockdown has now sparked anxiety over a possible food crisis given …