Cabinet nod to amend Inland Revenue Act; to be presented to Parliament
Jan 21, 2020 (LBO) – Sri Lanka's Cabinet of Ministers have approved the proposal to amend the Inland Revenue Act to reflect new tax proposals …
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Trans Asia Hotels (TRAN) revenue down 6%, results show tourism bouncing back
January 21, 2020 (LBO) - December quarter results from Colombo Stock Exchange listed Trans Asia Hotels (TRAN) were buoyant, showing signs that Sri …
Discussion on Belt and Road Initiative, challenges & way forward
The Ceylon Chamber of Commerce together with the Pathfinder Foundation will hold an informative discussion on the Belt and Road Initiative (BRI) on …
Commercial Bank celebrates 100 years of banking in Sri Lanka
Jan 21, 2020 (LBO) - The dreams of the future and the history of the past were interwoven when more than 4,000 staff members from all over Sri Lanka …
Norway to host panel discussion on clean energy investments in Sri Lanka
The Norwegian Embassy in Colombo in partnership with the University of Jaffna and the Western Norway University of Applied Sciences is hosting an …
Startup XpressJobs receives Rs100mn investment from Emerging Media
Jan 20, 2020 (LBO) – Emerging Media, a location-based digital advertising company has invested 100 million rupees in XpressJobs in exchange for a …
EU Ambassador visits Northern Province
Jan 20, 2020 (LBO) – Ambassador of the Delegation of the European Union (EU) to Sri Lanka, Denis Chaibi, visited the Northern Province from 15 to …
Debt moratorium for SMEs, credit negative for banks, unlikely to support economic recovery
Jan 20, 2020 (LBO) – Sri Lanka's debt moratorium for SMEs is credit negative for Sri Lankan banks and the sovereign because it risks increasing …
Port City Colombo successfully achieved 12Mn safe work hours with zero accidents
Jan 20, 2020 (LBO) - Port City Colombo has successfully achieved 12 million safe work hours with zero accidents, according to the ‘2018-2019 Social …
Government institutions to be connected to a single network
Jan 20, 2020 (LBO) – Sri Lanka is to centralize all government institutions through a single data network to ensure a public sector service free of …
President pays attention to social issues relating to Norochcholai Coal Plant
President Gotabaya Rajapaksa mediates to resolve environmental and social issues caused by the Norochcholai Coal Power Plant. He directed that the …
Individual incidents shouldn’t be used to attack entire Judiciary: BASL
Jan 17, 2020 (LBO) – Bar Association of Sri Lanka emphasizes that individual incidents cannot be permitted to be used to attack the entire …
Planters’ Association urges policy makers to make final decision on oil palm cultivation
Jan 17, 2020 (LBO) – Planters’ Association of Ceylon urges policy makers to urgently convene a meeting of all stakeholders in order to make a …
Domestic helicopter flights resume from Galle Face
Jan 17, 2020 (LBO) – Sri Lanka's government has granted permission for domestic aviation operators to use the helipad at the Galle Face allowing …
Trade deficit narrows marginally in Nov with imports, exports declining
Jan 17, 2020 (LBO) – Sri Lanka's trade deficit contracted marginally in November 2019 (year-on-year), with both imports and exports declining, the …
US-China deal helps world growth stabilise; uncertainties persist: Fitch
Jan 17, 2020 (LBO) – The signing of the US-China "Phase One" trade deal will boost business confidence and supports our view that global economic …
Masatsugu Asakawa assumes office as President of Asian Development Bank today
"I am honored to assume the role of ADB President and to begin working in close cooperation with our 68 member countries. ADB has been a trusted …
Milford Ceylon buys 19-pct of Softlogic Life
Jan 17, 2020 (LBO) - Milford Ceylon Pvt Ltd., a Mauritius-based fund yesterday bought a 19 percent stake in Softlogic Life Insurance PLC for Rs. buy …
Mobitel & ‘CareerMe’ takes on career guidance for students, teachers and parents
Reiterating its pledge in leading Sri Lanka towards an info com and knowledge rich society, Mobitel, Sri Lanka’s National Mobile Service provider, …
Daraz partners with department of Samurdhi development to uplift rural entrepreneurs
Daraz Sri Lanka partners with the Department of Samurdhi Development to enhance the economic engagement and success of small-scale entrepreneurs in …
Fitch Affirms SriLankan Airlines’ Government Guaranteed Bonds at ‘B’
Jan 16, 2020 (LBO) - Fitch Ratings has affirmed SriLankan Airlines Limited's (SLA) USD175 million government guaranteed 7 percent unsecured bonds due …
S&P revises Sri Lanka’s outlook to negative; ratings affirmed at ’B/B’
Jan 16, 2020 (LBO) - Ratings agency Standard & Poor’s said it revised its outlook on Sri Lanka’s credit rating to negative from stable, …
China reaffirms steadfast support to Sri Lanka
Jan 16, 2020 (LBO) - The Chinese Foreign Minister and State Councilor Wang Yi met with the Minister of Foreign Relations Dinesh Gunawardena recently …
US Ambassador Wells conveys desire to build stronger relationship with Sri Lanka
Foreign Relations Minister Dinesh Gunawardena conveyed Sri Lanka’s appreciation for the development partnership the United States has extended to …