Sri Lanka vehicle registration in Dec 2019 subdued
Jan 28, 2020 (LBO) - Sri Lanka's total car registrations recorded 2,057 units in December 2019 marginally up from 2,030 units in November but down …
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Norwegian Ambassador opens Sri Lanka’s first floating solar plant
Jan 27, 2020 (LBO) – Sri Lanka’s first-ever floating solar plant with a capacity of 42KW located at the Kilinochchi campus of the Jaffna …
Uber Eats to launch in third Sri Lankan city – Negombo
Uber Eats, one of the world’s leading food delivery networks, will soon launch its operations in its third Sri Lankan city - Negombo. With a global …
Opinion: How technology shapes apparel sector supply chains: Shifting to nearshoring and reshoring
Nipuni Perera Advances in technology have made nearshoring - the practice of shifting production operations to a nearby country closer to the end …
Fitch affirms NSB’s National Rating at AA+; withdraws rating
Jan 27, 2020 (LBO) – Fitch Ratings has affirmed and withdrawn Sri Lanka-based National Savings Bank's (NSB) National Long-Term Rating of 'AA+(lka)' …
National action committee on Coronavirus meets today
Jan 27, 2020 (LBO) - A committee comprising of 22 highly qualified medical experts appointed by the Health Ministry to prevent the spread of the new …
Epidemiology Unit advises public to adhere to standard health measures
Jan 27, 2020 (LBO) – Sri Lanka's Epidemiology Unit advises the public to adhere to standard health measures needed for the prevention and control …
SriLankan Airlines facilitates return of Sri Lankan students in China
Jan 26, 2020 (LBO) – Acting swiftly on the instructions of the President in the light of the Coronavirus pandemic, SriLankan Airlines has taken …
UN-backed Sri Lanka industry diagnostic initiative rolled-out in Colombo
A high level team from United Nations Industrial Development Organization (UNIDO), Vienna joined by no less than the UN Resident Coordinator Sri …
Star Garment Group becomes Sri Lanka’s largest carbon neutral entity
Star Garment Group, a leading global manufacturing company, announced that it has been certified as CarbonNeutral® by The Sustainable Future Group …
Pakistan Naval Chief to visit Sri Lanka
Jan 24, 2020 (LBO) – Pakistan’s Chief of Naval Staff, Admiral Zafar Mahmood Abbasi NI (M) is scheduled to visit Sri Lanka on the invitation of SL …
Fitch affirms Sri Lanka Telecom at ‘AA+(lka)’; Outlook negative
Jan 24, 2020 (LBO) - Fitch Ratings has affirmed Sir Lanka Telecom PLC's (SLT) National Long-Term Rating at 'AA+(Ika)'. The outlook is negative, the …
SriLankan Airlines takes action with regard to Coronavirus outbreak
Jan 24, 2020 (LBO) – SriLankan Airlines has implemented a series of precautionary measures to mitigate the risks from the current coronavirus …
Forensic audit finds Rs20bn loss to Sri Lanka from bond sales from 2005 to 2016
Jan 24, 2020 (LBO) – Sri Lanka may have lost 20 billion rupees from direct placements as well as from auctions of bonds, between 2005 and March …
First Capital Treasuries announces Rs750mn debenture issue
Jan 23, 2020 (LBO) – First Capital Treasuries, the Primary Dealer arm and a subsidiary of First Capital Holdings has announced that it intends to …
Viraj Dayaratne assumes duties as SEC Chairman
Dayaratne PC, had his education at the S. Thomas’ Preparatory School, Kollupitiya and at S. Thomas’ College, Mount Lavinia. buy tamiflu online …
Sri Lanka SMEs call for deadline extension
Jan 22, 2020 (LBO) – Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) said that the landmark loan moratorium for SMEs …
Fitch revises outlook on 5 banks to negative; downgrades PLC; affirms HNB
Jan 22, 2020 (LBO) – Fitch Ratings has revised the Outlook to Negative from Stable on the Long-Term Issuer Default Ratings (IDR) and National …
Sri Lanka democracy index slightly improved in 2019
Jan 22, 2020 (LBO) – Sri Lanka’s democracy as measured by the Economist Intelligence Unit’s Democracy Index has been slightly improved to 6.27 …
Tax changes included in proposed Inland Revenue Amendment Bill
Jan 22, 2020 (LBO) – Sri Lanka’s Finance Ministry announced the list of tax changes introduced in the proposed Inland Revenue Amendment Bill …
Viraj Dayaratne appointed as Chairman of SEC
Jan 22, 2020 (LBO) - Additional Solicitor General Viraj Dayaratne PC has been appointed as the Chairman of the Securities and Exchange Commission of …
Sri Lanka’s inflation increased to 6.2-pct in December
Jan 22, 2020 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index increased to 6.2 …
Sands Active to manufacture pharmaceutical products under new BOI deal
The Board of Investment of Sri Lanka signed an Agreement with Sands Active (Private) Limited to set up a project for the manufacture of …
Five forensic audits completed at a cost of Rs275mn: Central Bank
Jan 21, 2020 (LBO) – Sri Lanka's Central Bank says that out of the six forensic audits initiated, five forensic audits have been completed so far …