SEC approves rules for digitalization of Colombo Stock Market
Jun 02, 2020 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Stockbroker Rules, Central Depository …
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ComBank awarded its 20th ‘Best Bank in Sri Lanka’ title by Global Finance
The Commercial Bank of Ceylon has been declared Sri Lanka’s Best Bank in 2020 by the US-based Global Finance magazine, an accolade the Bank wins …
MillenniumIT ESP launches HealthVision – a Remote Patient Management System
MillenniumIT ESP – one of Sri Lanka's leading Systems Integrator and Information Systems providers – recently launched HealthVision – a web …
Criminal operations by underworld drug mafia from prisons must end: President
Jun 02, 2020 (LBO) - President Gotabaya Rajapaksa has emphasized that crimes operated by underworld kingpins and drug mafia from prisons must be put …
Sri Lanka export earning drop 42.3-pct in Mar 2020
Jun 02, 2020 (LBO) - The deficit in the trade account narrowed in March 2020 to US dollars 549 million, from US dollars 592 million in March 2019, as …
ICTA denies alleged irregularities alluded to by Dr. Weerawarana
Jun 01, 2020 (LBO) – ICTA categorically denies the alleged irregularities alluded to by Dr. Sanjiva Weerawarana and is considering what actions it …
How can we adjust our capitalist system to face post COVID-19 challenges?
An article by Tharaka Balasuriya With the chaos resulting from Covid 19, many have questioned the effectiveness of the neoliberal economic model. A …
SLT Rainbowpages.lk further boost businesses in the post Covid-19 era
SLT Digital Info Services (Pvt) Ltd (SLTDS), the Digital Marketing and Directory Information Services arm of Sri Lanka Telecom PLC (SLT), is proud to …
PM MR sworn in as Minister of Community Empowerment, Estate Infrastructure Development
Jun 01, 2020 (LBO) - Prime Minister Mahinda Rajapaksa was sworn in as the new Cabinet Minister of Community Empowerment and Estate Infrastructure …
ComBank raises another Rs.10Bn to support COVID-19 affected SME exporters
Jun 01, 2020 (LBO) - The Commercial Bank of Ceylon has announced the commitment of approximately Rs 10 billion to a Bank-funded COVID-19 Support Loan …
PUCSL to resolve consumer complaints and address lube and electricity industry inquiries online
Jun 01, 2020 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator and the shadow regulator of the lubricant …
Dialog Axiata gifts fully-functional ICU at Negombo General Hospital to public
Jun 01, 2020 (LBO) - Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, in less than a month, concluded the immediate civil …
Reducing health costs and increasing Government revenue beyond COVID-19: Raising cigarette taxes
Harini Weerasekera and Chamini Thilanka The susceptibility of smokers to contract COVID-19 has been recognised by the World Health Organisation (WHO) …
New Indian High Commissioner calls on President
May 29, 2020 (LBO) – The newly appointed Indian High Commissioner in Sri Lanka Gopal Baglay paid a courtesy call on President Gotabaya Rajapaksa at …
World Vision launches USD2.3mn COVID-19 Response Phase II
World Vision Lanka has launched its second phase of the COVID-19 Emergency Response that amounts to USD 2.3 million. The second phase will focus on …
Fitch recalibrates Sri Lanka National Rating Scale
May 28, 2020 (LBO) – Fitch Ratings says that it has recalibrated its Sri Lanka National Rating scale to reflect changes in the relative …
CA Sri Lanka signs MoU with People’s Bank for COVID-19 loan scheme for members
May 27, 2020 (LBO) – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) entered into a Memorandum of Understanding (MoU) with …
Seylan Bank records Rs.902Mn profit-after-tax in Q1
Seylan Bank recorded a Profit after Tax of Rs. 902 Million in Q1 despite challenging market conditions. Net interest income increased by 7.28% during …
New mechanism to repatriate Sri Lankans
May 26, 2020 (LBO) – A new mechanism is to be formulated to repatriate Sri Lankans who are stranded or faced with various difficulties in the wake …
Thailand Prime Minister leads National committee to promote 5G development
May 26, 2020 (LBO) - A 26-member National 5G Committee has been formed with Thailand Prime Minister Prayut Chan-o-cha as chairman to coordinate the …
Proposal to reopen Airports for tourists from August
May 26, 2020 (LBO) – The Task Force Committee entrusted with COVID – 19 control proposed to President to reopen airports for foreign tourists …
Seychelles HC clarifies on the arrival of 35 Seychelles nationals to Sri Lanka
STATEMENT from SEYCHELLES HIGH COMMISSION On behalf of the Government of Seychelles, we wish to place on record our gratitude to the Government of …
Opinion: Building a resilient food system in Sri Lanka in an age of pandemic
Manoj Thibbotuwawa COVID-19 is dealing an unprecedented blow to economies around the globe and the health risk is only the tip of the iceberg. Among …
Commercial Credit appoints D Soosaipillai as new Chairman
May 26, 2020 (LBO) – D Soosaipillai, a pioneer in the leasing and financial services industry both in Sri Lanka and overseas was recently appointed …