Sri Lanka’s export performance in 2019
Feb 20, 2020 (LBO) – Total exports of the country recorded US$ 16.14 Bn in 2019, which comprised of US$ 11.94 Bn Merchandise exports and USD 4.2 Bn …
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Uber Eats launches in Negombo
Uber Eats announced the launch of operations in Negombo -- its third city in Sri Lanka -- allowing eaters to gain access to quality food and …
FCR upgrades ASPI target for December to 7,500 amidst added boost to economy
Feb 19, 2020 (LBO) – With the recovery in economic activity and company earnings, First Capital Research (FCR) expects an upward trend in the …
Sri Lanka foreign reserves show signs of depletion: First Capital Research
Feb 19, 2020 (LBO) – First Capital Research expects Sri Lanka's foreign reserves to fall to around 7 billion US dollars by June this year due to …
Sri Lanka’s Dialog Axiata inks USD 250Mn investment agreement with BoI
Feb 19, 2020 (LBO) - Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka …
Railway e-Ticketing service for pensioners goes online
Feb 19, 2020 (LBO) – Sri Lanka Railway Department on Wednesday launched an online booking system to facilitate the reservation of railway seats for …
Ceylinco Life closes 2019 with PBT Rs.8.2Bn, Revenue of Rs.32.1Bn
Feb 19, 2020 (LBO) - Ceylinco Life has ended 2019 on a characteristically strong note, with consolidated income of 32.1 billion rupees for the 12 …
SEC commences series of meetings with capital market stakeholders
Feb 19, 2020 (LBO) – Securities and Exchange Commission of Sri Lanka has commenced a series of meetings with capital market stakeholders to discuss …
John Keells Properties partners with Union Assurance to provide life cover for TRI-ZEN customers
John Keells Properties signed a partnership agreement with Union Assurance -one of the country’s leading life insurance providers for corporates …
Aster residencies opens doors in Nugegoda
Aster Residencies (Pvt) Ltd completed construction of its flagship residential project, handing over brand new apartments to residents, many of whom …
Sri Lanka raids and finds substandard lubricants products worth Rs. 2.5Mn
Feb 19, 2020 (LBO) - Sri Lanka carried -out an Island-wide raid on substandard and unauthorised lubricants products as the Consumer Affairs Authority …
Mobitel powers Sri Lanka’s largest PUBG Mobile league tournament
With a pledge to build the eSports category, Mobitel, the premier connectivity provider in partnership with Gamer.LK has come forward to power Sri …
Deutsche Bank invests in Sri Lanka’s corporate clients with new digital FX platform
Feb 18, 2020 (LBO) – Deutsche Bank today announced it is investing in Sri Lanka and launching a major push into the corporate client market, with …
Sri Lanka trade deficit widens in Dec 2019
Feb 18, 2020 (LBO) - The deficit in the trade account widened in December 2019 to US dollars 784 million, from US dollars 701 million in December …
Bipartisan US Congressional Delegation holds discussions in Sri Lanka
Foreign Minister Dinesh Gunawardena met yesterday the visiting US Congressional delegation, comprising Ami Bera, MD, Chairman, House Foreign Affairs …
Sri Lanka vehicle registrations rebounds in Jan 2020
Feb 18, 2020 (LBO) - Sri Lanka's total car registrations recorded 2,536 units in January up from 2,057 units in Dec but down from 3,147 units 12 …
HNB Finance IPO oversubscribed on opening day
Feb 17, 2020 (LBO) - HNB Finance Limited’s initial public offering through an offer for sale of 10 million ordinary voting shares at 5.70 rupees …
Preliminary report on MCC presented to President; final report within 4 months
Feb 17, 2020 (LBO) – The preliminary report of the 4- member committee appointed to review the proposed Millennium Challenge Corporation Compact …
Sri Lanka’s Paragon Holdings launch augmented reality app
Feb 17, 2020 (LBO) - Paragon Holdings, specialising in outdoor advertising, TV & Radio advertising production, event management, and digital …
MillenniumIT ESP carries out fastest Oracle ERP implementation for HNBA
MillenniumIT ESP – one of Sri Lanka’s leading Systems Integrator and Information Systems Provider – recently announced that it has successfully …
Sri Lanka, Bangladesh agreed to IMF to provide debt relief for Somalia
Feb 17, 2020 (LBO) – Sri Lanka and Bangladesh have reportedly agreed to provide debt relief for Somalia under the Heavily Indebted Poor Countries …
Hambantota Port observes employees returned from China before epidemic broke
Feb 17, 2020 (LBO) – With the coronavirus epidemic becoming a serious cause for concern, the Hambantota International Port (HIP) has put in place …
Travel ban on Shavendra unnecessarily complicates US-SL relationship: FM
Feb 17, 2020 (LBO) – Foreign Relations Minister Dinesh Gunawardena has formally conveyed to the US Ambassador Alaina Teplitz, Sri Lanka’s strong …
Construction of building complex in Colombo Port City to start by mid-2020
Feb 17, 2020 (LBO) – Construction of the building complex in Colombo Port City will commence in the middle of this year at a cost of 15 million US …