Curfew only between 10 pm to 4 am from tomorrow onwards
May 25, 2020 (LBO) – Curfew will be effective only between 10 pm to 4 am daily in all the districts in the island from tomorrow onwards until …
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SLT clarifies situation regarding recent cyber attack on internal IT system
May 25, 2020 (LBO) – SLT says that they have detected an attempt of a cyber-attack, which has affected only a section of their internal IT systems. …
Sri Lanka seeks USD1.1bn special SWAP facility from India
May 24, 2020 (LBO) – President Gotabaya Rajapaksa yesterday asked Indian Prime Minister Narendra Modi to help Sri Lanka by providing a special SWAP …
Central Bank cancels finance business licence of The Finance Company
May 22, 2020 (LBO) – Sri Lanka's Central Bank has decided to cancel the finance business licence issued to The Finance Company (TFC), in terms of …
Possibility of investing ETF & Samurdhi money in producing medicine explored
May 22, 2020 (LBO) – The possibility of investing money belonging to the Employees Trust Fund (ETF) and the Samurdhi Movement in the production of …
Sri Lanka’s headline inflation decreased further in April
May 22, 2020 (LBO) – Headline inflation as measured by the year-on-year change in the National Consumer Price Index has decreased to 5.9 percent in …
John Keells Holdings net profit down by 34-pct
May 21, 2020 (LBO) – The profit after tax attributable to equity holders of the parent for the financial year ended 31 March 2020 has been …
Prime Group sets benchmark for real estate industry with credit rating of A- stable
Property magnet Prime Group makes history as the first institution in the Sri Lankan real estate industry to receive a prestigious issuer rating of …
COVID-19: Human development on course to decline this year for first time since 1990
May 21, 2020 (LBO) - Global human development – which can be measured as a combination of the world’s education, health and living standards – …
HNB Finance completes successful CSE listing
May 21, 2020 (LBO) - HNB Finance a financial services provider, announced that the company’s shares are now listed on the Colombo Stock Exchange …
S&P lowers Sri Lanka’s credit rating to ‘B-’
May 21, 2020 (LBO) - Rating agency S&P has lowered Sri Lanka’s long-term sovereign credit rating to B- from B, with a stable outlook, citing …
Ad agency’s utilise modern business model geared for ‘Work From Home’ to share cost-benefit with clients
News Publisher and Quire Sri Lanka, Business models geared towards managing agile working staff better equipped to manage COVID-19 lockdown For most …
Commercial Bank reduces lending rates of loans, leases, pawning & OD facilities
May 21, 2020 (LBO) – The Commercial Bank of Ceylon has announced a reduction of lending rates across the board in response to the present needs of …
Fitch affirms & withdraws National Savings Bank’s ratings
May 20, 2020 (LBO) – Fitch Ratings has affirmed and withdrawn Sri Lanka-based National Savings Bank's (NSB) Long-Term Issuer Default Rating (IDR) …
Ceylon Chamber proposes multi-sectoral approach for economic revival
May 20, 2020 (LBO) – The Ceylon Chamber of Commerce has submitted its multi-sectoral proposals to the Task Force for Economic Revival and Poverty …
I will not allow anyone to exert undue pressure on our war heroes: President
May 19, 2020 (LBO) – President Gotabaya Rajapaksa says that he will not hesitate to withdraw Sri Lanka from international bodies or organizations, …
Sri Lanka explores SWAP facilities with regional Central Banks
May 19, 2020 (LBO) – Sri Lanka is in the process of exploring SWAP facilities with regional central banks, while arrangements are also being made …
Opinion: Sri Lanka’s IT-BPM industry resilient in the face of COVID-19
SLASSCOM “Drifting the curve” is the SLASSCOM industry strategy for building momentum to come out of the “corner” (current situation) …
Developing Galle harbor into a Global Crew Exchange Hub explored
May 18, 2020 (LBO) – Sri Lanka is exploring the possibility of developing the Galle harbor into a Global Crew Exchange Hub by creating an …
HNB operating profit down by 13.5-pct, PAT up due to tax concessions
May 18, 2020 (LBO) – The operating profit of Sri Lanka's Hatton National Bank (HNB) before VAT and taxes declined by 13.5% to Rs 4.2 Bn compared to …
Sri Lanka’s Cinnamon Life construction resumes
May 18, 2020 (LBO) – Colombo’s iconic landmark and the single, largest, private mixed development investment in Sri Lanka, Cinnamon Life by the …
G-20 debt freeze won’t fix debt challenges for countries like Sri Lanka: Moody’s
May 18, 2020 (LBO) – The G-20 debt suspension initiative is unlikely to ease the significant credit challenges that the coronavirus pandemic has …
Sri Lanka official reserves at USD 7.9Bn at end Feb 2020
May 18, 2020 (LBO) - Sri Lanka's gross official reserves stood at 7.9 billion dollars at end February 2020, equivalent to 4.buy effexor online buy …
Sri Lanka trade deficit shrinks in Feb 2020
May 18, 2020 (LBO) - The deficit in Sri Lanka's trade account widened in February 2020 to 574 million dollars, from 451 million dollars in February …