Refurbished CBD business centre in Col-01 is now available for rent
Jul 10, 2020 (LBO) - Cargo Boat Development Company PLC (CBD) - an associate company of the Renuka Hotels Group - has completed the refurbishment of …
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President tours Colombo in support of SLPP candidates; warm response from people
Jul 10, 2020 (LBO) - People requested the President to eradicate the drug menace from the country similar to the manner he provided them with housing …
Federal Reserve’s USD 1bn Repo facility available to Sri Lanka
Jul 09, 2020 (LBO) – The Federal Reserve in the United States has opened a temporary repurchase agreement facility for foreign central banks …
Extension of import controls further batters Sri Lankan economy: Advocata
According to the Extraordinary Gazette No 2182/10 of June 2020, import controls imposed by the earlier gazette Number 2176/19 of 22 May 2020 have …
Sri Lanka tea average up in June 2020
Jul 09, 2020 (LBO) - Sri Lanka's national tea average for the month of June 2020 totalled Rs. 612.67 vis-à-vis Rs. 697.57 of May 2020, which was the …
Sunshine Holdings appoints Shantha Bandara as CEO of its Pharma Division
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified Sri Lankan conglomerate Sunshine Holdings (CSE: SUN), has appointed Mr. …
Sri Lanka gross official reserves at USD 6.7Bn by end June
Jul 09, 2020 (LBO) – Sri Lanka's gross official reserves stood at US dollars 6.7 billion by the end of June 2020, sufficient to cover 4.2 months of …
Central Bank cuts SDFR & SLFR by 100 bps to induce further reduction in lending rates
Jul 09, 2020 (LBO) – The Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing …
Committee makes proposals to address irregularities in finance leasing businesses
Jul 08, 2020 (LBO) – The Committee appointed to examine irregularities and illegal activities of the leasing business, recommends short term and …
Sri Lanka eliminates measles and rubella, ahead of 2023 target: WHO
Jul 08, 2020 (LBO) – Sri Lanka and the Maldives were today verified for having eliminated rubella, making them the first two countries in WHO …
Rs. 1,360mn Japanese grant for provisioning medical equipment to combat against COVID-19
Jul 08, 2020 (LBO) – Japanese government has agreed to provide Japanese Yen 800 million (approx. LKR 1,360 million) grant aid under the Japanese …
Sri Lanka’s Central Bank to develop Blockchain Technology based KYC Proof of Concept
Jul 07, 2020 (LBO) – Sri Lanka's Central Bank has entered into agreements to begin the process of developing a Blockchain Technology Based Shared …
Global Startup Ecosystem Report ranks Sri Lanka as #2 global ecosystem for affordable talent
Jul 07, 2020 (LBO) – The 2020 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network has ranked Sri Lanka …
SL Tourism to support SME’s and product development with EU funding
Sri Lanka Tourism has been in discussion with the European Union Office in Colombo regarding the most effective use of a Euro 3.5 million government …
ComBank ‘Arunella’ brings multiple COVID-19 relief initiatives to customers
As its commitments to providing relief to businesses affected by the COVID-19 pandemic continue to grow exponentially, the Commercial Bank of Ceylon …
No change in interest rate paid to senior citizen’s deposits: Finance Ministry
Jul 07, 2020 (LBO) – Sri Lanka's Finance Ministry says that there has been no change in the interest rate paid on senior citizen's deposits and the …
Ship repair team embarkations under strict Govt. regulations: Hambantota Int’l Port
Jul 07, 2020 (LBO) – The Hambantota International Port (HIP) says that they follow all guidelines laid down by the government with regard to …
Sri Lanka’s leading corporates believe ‘work from home’ is here to stay
Jul 07, 2020 (LBO) – It’s hard to draw positives from a global crisis such as COVID-19, one that has taken hundreds of thousands of lives and …
HNB FINANCE certified a ‘Great Place to Work’ for fourth successive year
Sri Lanka's top integrated financial services institution HNB FINANCE, consolidated its position as a leading employer when it was certified for the …
Dart Global Logistics signs BOI agreement to set up new Fulfillment Centre
The Board of Investment of Sri Lanka signed an agreement with Dart Global Logistics to set up a state-of-the-art logistics fulfillment center, at the …
Tourism Ministry and SLTDA to provide relief to industry stakeholders
Jul 06, 2020 (LBO) - To sustain the lives of employees directly involved in the tourism industry and linked to establishments registered with the Sri …
Opinion: Import controls – out of control?
By Erandi de Silva As the COVID-19 virus forced much of the world into lockdown, the scale of interdependence and reliance on trade across nations …
Central Bank approved Rs.53Bn for 20,240 COVID-19 affected businesses
Jul 06, 2020 (LBO) - The Central Bank, in consultation with the Government of Sri Lanka, has introduced the Saubagya Covid-19 Renaissance Loan Scheme …
Foreign Minister outlines Sri Lanka’s digital responses to COVID -19
Jul 06, 2020 (LBO) - The leadership of President Gotabaya Rajapaksa and the effective use of technology in a whole – of – government approach has …