Utilize reliefs given by Central Bank to strengthen economy: President tells State Banks
Jun 18, 2020 (LBO) – President Gotabaya Rajapaksa has emphasized that it is the responsibility of state banks to utilize the reliefs provided by …
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ComBank’s Flash & PickMe collaborate to offer contactless payment via QR code
The Commercial Bank of Ceylon has announced that its ‘Flash’ digital account holders can now pay digitally for their rides with taxi service …
Uber Eats provides dry rations worth Rs.8.5Mn million to low-income families
Jun 17, 2020 (LBO) - Uber Eats, in partnership with the Government of Sri Lanka and the Voice for Voiceless Foundation, is distributing LKR 8.5 …
Crescat Boulevard mall be revamped
Jun 17, 2020 (LBO) - Asian Hotels and Properties PLC (AHPP) announced that it would be moving forward with major investments towards the …
‘Softlogic Invest’ launches Equity Fund & Money Market Fund
Jun 17, 2020 (LBO) – Softlogic Invest, the Asset Management arm of Softlogic Capital, recently launched two unit trusts or mutual funds - Softlogic …
Dedicated credit scheme to be introduced for construction sector
Jun 16, 2020 (LBO) – Sri Lanka's Central Bank is to introduce a new facility for the construction sector enterprises to borrow from Licensed …
Central Bank increases funding for businesses affected by COVID-19
Jun 16, 2020 (LBO) – Central Bank has decided to provide funding to Licensed Commercial Banks (LCBs) at the concessionary rate of 1.00 percent …
Sri Lanka’s Central Bank further reduces Statutory Reserve Ratio
Jun 16, 2020 (LBO) – The Monetary Board of the Central Bank has decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit …
Opinion: How Life Insurance can succeed in the post-COVID economy
By Chula Hettiarachchi: The unprecedented global climate of today has taken a heavy toll on life. At no point in time, did we anticipate that a …
Emirates to begin outbound flights from Colombo on 20 June
Jun 16, 2020 (LBO) - Emirates has announced the launch of outward-bound passenger flights from Sri Lanka, starting Saturday 20 June 2020, to …
Developers confident Sri Lanka real estate will regain momentum
Jun 16, 2020 (LBO) - Sri Lanka’s construction sector which ranks as the 5th highest in the nations GDP earnings, after services, manufacturing, …
Coronavirus compounds Sri Lankan Banks’ stresses: Fitch Ratings
Jun 16, 2020 (LBO) – Sri Lankan banks' operating environment and financial profiles ace escalating risks from the economic fallout of the …
State Banks must play their bounden role in economic revival: President
Jun 16, 2020 (LBO) - The State Banks should make their bounden contribution to rebuild the economy which is in a perilous state due to COVID – 19 …
Jaffna’s Institute of Medical Sciences bringing medical careers and care to the Northern Province
By Jekhan Aruliah During the 2020 COVID-19 “Corona” Virus pandemic we really loved our health workers. We all loved them because COVID-19 hit …
Opinion: Sri Lanka’s future direction for raising debt in international markets
By Shamika Ramanayake: National debt and fiscal stability are two stretch-words often reverberating over during these pandemic/crisis times. As …
SEC Chairman calls on Central Bank Governor
Jun 14, 2020 (LBO) – The Chairman of the Securities and Exchange Commission (SEC) Viraj Dayaratne PC, paid a courtesy call on Professor W.D. …
ADB approves USD3Mn grant to assist Sri Lanka’s response to COVID-19
Jun 12, 2020 (LBO) - The Asian Development Bank (ADB) has approved a $3 million grant from its Asia Pacific Disaster Response Fund (APDRF) …
Housing for middle and low income families a priority: President
Jun 12, 2020 (LBO) - President Gotabaya Rajapaksa instructed the officials of the State Development and Construction Corporation to pay attention to …
PUCSL to fine-tune externality, social and environmental cost of thermal power generation
Jun 12, 2020 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, is all set to fine-tune the externality …
Foreign Ministry helps local exporters overcome adverse impact of COVID 19
Jun 12, 2020 (LBO) - Comprehensive measures taken by the Ministry of Foreign Relations, in close coordination with the key Government Economic …
ComBank launches special loan scheme for COVID-19 affected micro businesses
The Commercial Bank of Ceylon has announced the launch of another Bank-funded loan scheme, this time to assist micro enterprises affected by the …
Technical assistance grant of Euro 11 mn from Germany
Jun 10, 2020 (LBO) – An agreement was signed by the Government of Sri Lanka with the Government of Germany today to obtain a technical assistance …
PR Wire expands into insights and intelligence services
Expanding its Strategic Public Relations offering, PR Wire, a leading Public Relations Consultancy, launched PR Wire Intel™, delivering powerful …
President wants quick solutions to fertilizer related issues
Jun 10, 2020 (LBO) - President Gotabaya Rajapaksa instructed officials to find immediate solutions to issues faced by farmers relating to the supply, …