“Timelines evolved externally would hinder process of reconciliation”: SL tells UN Security Council
Feb 17, 2020 (LBO) - “Timelines evolved externally in achieving stated objectives would only seek to hinder the process of reconciliation since …
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Sunshine Holdings’ reports PAT Rs.1.7Bn, up 32.3-pct YoY
Feb 17, 2020 (LBO) - Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported …
Sri Lanka takes strong objection to US travel ban on Lt. Gen. Silva & family
Feb 15, 2020 (LBO) – The Government of Sri Lanka takes strong objection to the imposition of travel restrictions on Lt. Gen. Silva and his …
National Salaries Commission established to formulate national policy
Feb 14, 2020 (LBO) – A National Salaries Commission has been established to provide guidance and assistance to the Government in formulating and …
Ministry of Social Security signs MoU with Cargills & Keells
A Memorandum of Understanding was signed today between a number of parties, on an initiative of the Ministry of Social Security. The event was held …
US State Secretary designates Shavendra Silva for alleged HR violations
Feb 14, 2020 (LBO) – The US State Department has designated Lieutenant General Shavendra Silva, current Commander of the Sri Lanka Army and Acting …
Sri Lanka’s Hemas Group profit down 5-pct in 3Q amid on-going recovery
Feb 14, 2020 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure, and healthcare has posted a shareholder profit of 974.7 …
Colombo Fashion Week introduces Responsible Meter for garments
Colombo Fashion Week introduces a first-of-its-kind audit system, the Responsible Meter, where every garment presented on the ramp will have a …
Sri Lanka performs poorly on economic freedom: Focus on open trade crucial: Advocata
Sri Lanka currently ranks 104 out of 162 countries for Economic Freedom (Economic Freedom of the World Index, 2019). This is a 7 step drop from last …
Private sector consultation to mobilize domestic investment for SDGs
A private sector consultation has been organised to initiate a dialogue on mobilizing domestic investment for the Sustainable Development Goals …
Valentine’s Day offer from SriLankan Airlines
SriLankan Airlines gives you an exciting way of celebrating Valentine’s Day this year with discounted fares of up to 25% off on Business class and …
Proposals for a new constitution presented to President
Feb 14, 2020 (LBO) - A set of proposals containing facts that should be taking into account when formulating a new Constitution was presented to …
Tribute: Upali Wijewardene 1938 – 1983
February 13, 2020 (LBO) - By: Ranjit Hulugalle On February 13th 1983, Upali Wijewardene's plane went missing, and the tycoon was thus gone too soon …
Hayleys Group records 41-pct profit growth in Q3
Feb 13, 2020 (LBO) – Sri Lanka’s diversified conglomerate, the Hayleys Group, demonstrated strong resilience in the 3rd quarter of 2019/20 to …
WFP & S4IG partner to address poor nutrition in Sri Lanka
The United Nations World Food Programme (WFP) and Skills for Inclusive Growth (S4IG), an initiative of the Australian Government, have signed an …
Experts suggest blue ocean strategy for Ceylon Tea
Feb 13, 2020 (LBO) – The strategy experts suggest that the Sri Lanka tea industry should consider adopting the blue ocean strategy for it’s …
Fitch rates DFCC’s Basel III sub-debt A+(EXP)
Feb 13, 2020 (LBO) – Fitch Ratings has assigned DFCC Bank's proposed rupee-denominated Basel III-compliant subordinated debentures an expected …
Ogilvy Digital, now a behavioural change company
Neo@Ogilvy, Sri Lanka’s first and largest full service specialized digital media agency announced today its transformation into ‘Ogilvy …
Dipped Products reports Rs. 23.2Bn Group turnover for nine months ending Dec 2019
Feb 13, 2020 (LBO) - Hayleys Group’s subsidiary Dipped Products PLC (DPL), a glove maker, reported 23.2 billion rupees Group turnover for the nine …
WHT removal, a progressive step for MSMEs: Colombo Chamber of Commerce
Feb 12, 2020 (LBO) – Removal of withholding tax on salaries, interest, rent, and dividends is a progressive step for Micro, Small and Medium-sized …
Uki offers an alternate route from the Northern Province into the tech industry
By Jekhan Aruliah Does Sri Lanka need more university graduates? Sri Lanka has tens of thousands of unemployed graduates. Every now and then the …
Haycarb records PBT of Rs1,578mn for 9 months
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 17.6 billion and profit before tax of Rs. 1,578 million for the nine months ending …
Fitch affirms HNB Finance at A(lka); outlook stable
Feb 12, 2020 (LBO) – Fitch Ratings Lanka has affirmed HNB Finance Limited's (HFL) National Long- Term Rating at 'A(lka)' with a stable outlook. The …
Sri Lanka’s electrocutions reached an alarming situation in 2019: PUCSL
Feb 12, 2020 (LBO) – Sri Lanka reported 103 fatalities due to electrocution in the year 2019 up from 89 fatalities reported in 2018, the …