All News

Coronavirus death toll upto 213 : WHO calls it global virus emergency

Jan 31, 2020 (LBO) - The World Health Organization said the virus represents a risk outside of China and is calling it a global virus emergency. The …

Statement by General Secretary of United National Party

China expedites Sri Lanka’s request for landing special aircraft in Wuhan city

Jan 30, 2020 (LBO) – Foreign Secretary Ravinatha Aryasinha has said the Chinese Government is expediting the request made for a special aircraft …

DFCC Bank wins Top Employer award at CIMA annual conference

Consistently winning recognition and rewards for its visionary and progressive HR strategies, DFCC Bank was recognized yet again as one of the ‘Top …

Central Bank refrains from commenting on contents of forensic audit reports

Jan 30, 2020 (LBO) – Sri Lanka’s Central Bank on Thursday refrained from commenting on the contents of the forensic audit reports as these …

Manjula de Silva appointed Sec Gen & CEO of Ceylon Chamber of Commerce

Jan 30, 2020 (LBO) – Manjula de Silva will assume duties as the Secretary-General and CEO of the Ceylon Chamber of Commerce, from February 1st, …

Central Bank expects economic growth to exceed 4-pct this year

Jan 30, 2020 (LBO) – Sri Lanka's economic growth will exceed 4 percent in 2020 as there has been a notable improvement in business confidence …

Current trends may lead to undesirable turnaround in market lending rates

Jan 30, 2020 (LBO) – Market lending rates have adjusted downwards, in response to monetary and regulatory measures taken by the Central Bank, but …

Sri Lanka’s private sector credit growth picks up in December

Jan 30, 2020 (LBO) – Growth of credit extended to the private sector has picked up in December 2019, on a year-on-year basis, following a continued …

Central Bank of Sri Lanka reduces its policy interest rates by 50 basis points

Jan 30, 2020 (LBO) – Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending …

Colombo Chamber submits proposal to effectively implement SME moratorium

Jan 29, 2020 (LBO) – Colombo Chamber of Commerce has decided to submit several proposals for the effective implementation of the moratorium for …

Maldivian hotels resume operations, Avg room rates above expectations: JKH

Jan 29, 2020 (LBO) – Sri Lanka’s diversified John Keells Holdings says that all four of their Maldivian hotels are now in operation with the …

John Keells Holdings Dec quarter net profit down by 50-pct

Jan 29, 2020 (LBO) – Profit attributable to equity holders of Sri Lanka’s diversified John Keells Holdings in the third quarter at 2.40 billion …

Lanka IOC (LIOC) reports profit of Rs490mn for the quarter

January 29, 2020 (LBO) - Colombo Stock Exchange listed Petroleum retailer Lanka IOC (LIOC) has reported a profit of Rs490mn for the quarter ended …

Sri Lanka SME credit support scheme has limited effect on banks: Fitch Ratings

Jan 29, 2020 (LBO) – A scheme for Sri Lankan banks to provide special credit support to SMEs this year should not have a material effect on banks' …

SL presents USD16Bn opportunity for pvt sector to invest in sustainable development: SC Bank

Jan 29, 2020 (LBO) - Opportunity2030: The Standard Chartered SDG Investment Map reveals an almost USD 10 trillion (USD 9.668 trillion) opportunity …

Asian Hotels (AHPL) reports a revenue decline of 21% in the December quarter

January 28, 2020 (LBO) - Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported a profit of Rs43mn for the December quarter, while …