SriLankan Airlines crowned ‘Leading International Airline of 2019’
Jan 07, 2020 (LBO) - SriLankan Airlines, the largest carrier into the Maldives, won the coveted title of ‘Leading International Airline of 2019’ …
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Opinion: Hayleys Fentons MD bullish on construction, renewables despite challenges
As an industry which relies on large scale investments to fund long-term projects, the construction sector is by nature, a business that relies on …
US-Iran tensions: Sri Lanka urges all parties to act with utmost restraint
Jan 06, 2020 (LBO) – Sri Lanka urges all parties to act with utmost restraint and maintain peace and security through constructive dialogue in …
Hong Kong based CMPort expands its global footprint in terminal operations
China Merchants Port Holdings (CMPort) and French Container Shipping Company, CMA CGM, entered into the Master Agreement which will see their …
Sri Lanka’s new Banking Act to facilitate banks in Colombo Intl. Financial Centre
Jan 06, 2020 (LBO) – Sri Lanka's Central Bank has initiated drafting a new Banking Act and expects to complete its enactment in 2021. The new …
Sri Lanka’s Central Bank to maintain inflation within 4 to 6-pct
Jan 06, 2020 (LBO) – Sri Lanka's Central Bank expects to maintain inflation within a range of 4-6 percent through a transparent, coherent, and …
CB Chief urges Sri Lanka banks to rethink its credit disbursement policies
Jan 06, 2020 (LBO) – Central Bank Governor Professor W D Lakshman urged Sri Lanka’s banking sector to rethink its credit disbursement policies, …
Mobitel offers attractive data plans for YouTube, Facebook and WhatsApp
Understanding the rapid demand for videos, Mobitel has announced the launch of its latest proposition, offering both Pre-Paid and Post-Paid customers …
Stern actions against discrimination of domestic tourists – SLTDA
Jan 06, 2020 (LBO) - Sri Lanka Tourism Development Authority (SLDA) cautions the licensed establishments which adopt discriminatory practices against …
‘Manufacturing in 2020: Connecting machines to networks and companies to end-consumers’
Antony Bourne - President- IFS Industries While change is buffeting the industrial manufacturing industry from a number of directions, the most …
57-pct of Sri Lankans unwilling to pay higher food bill to protect local industry – Advocata Survey
A survey commissioned by the Advocata Institute in April 2019 revealed that 57% of Sri Lankans were unwilling to pay extra for food, even if it meant …
Business suspension of Perpetual Treasuries extended
Jan 06, 2020 (LBO) – Monetary Board of the Central Bank of Sri Lanka has decided to extend the suspension of Perpetual Treasuries Limited (PTL) …
Business as usual isn’t the future of Ecommerce
Ecommerce is an ever-expanding world and there are many contradictory articles online regarding the future of Ecommerce. Whilst many discuss the …
Opposition demands Speaker to release forensic audit report on bond scam
Jan 03, 2020 (LBO) – Sri Lanka’s new opposition led by the United National Party on Friday demanded the Speaker Karu Jayasuriya to release the …
We never allow others to take over our economically significant resources: President
Jan 03, 2020 (LBO) – President Gotabaya Rajapaksa says that he will never allow other countries to take over Sri Lanka's economically significant …
Richard Quest to feature Sri Lanka on CNN Business Traveller program
Jan 03, 2020 (LBO) – Global media icon Richard Quest will feature Sri Lanka and its recovery efforts post-Easter Sunday terror attacks on the …
Sri Lanka tea exports up in Nov 2019
Jan 02, 2020 (LBO) - Sri Lanka tea exports for November 2019 totalled 21.9 M/kgs, showing a marginal gain of 0.6 M/kgs vis-à-vis 21.3 M/kgs of …
New inclusions & exclusions of MBSL MIDCAP Index 2020 announced
Jan 02, 2020 (LBO) – New inclusions and exclusions of the MBSL MIDCAP Index 2020 have been announced. Accordingly, HNB Assurance, Sanasa …
President wants public sector inefficiency to end during his term
The inefficiency in the state sector which has resulted in creating displeasure among the public towards every previous government should come to an …
Sri Lanka bans Ethanol importation for liquor production
Jan 01, 2020 (LBO) – Sri Lanka’s Ministry of Finance and Planning has decided to suspend the importation of Ethanol from other countries. The …
IRD issues circular to banks about new Withholding Tax structure
Jan 01, 2020 (LBO) – Sri Lanka's Inland Revenue Department has issued a new circular to banks and financial institutions detailing the new …
Inland Revenue Dept. issues the list of VAT registration deactivated persons
Jan 01, 2020 (LBO) – Sri Lanka’s Inland Revenue Department has published the complete list of persons & businesses whose taxable supply has …
2020 New Year celebrations around the world (VIDEO)
Jan 01, 2020 (LBO) – Major cities around the world kick-started the New Year with firework displays, dazzling performances, and shows. As the last …
K C Vignarajah writes letter to President Gotabaya Rajapaksa
H. E President Gotabaya Rajapaksa, …