CSE indices comparison for 2019: ASPI up 1.3-pct, S&P SL20 down 6.3-pct
Dec 31, 2019 (LBO) – Colombo Stock Exchange ended the year 2019 on Tuesday with a positive note, rounding up the gain of All Share Price Index …
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CICT ends 2019 with 2.9mn TEUs, 40-pct of Colombo Port’s volume
Dec 31, 2019 (LBO) – Colombo International Container Terminals (CICT) has announced it handled a total of 2.9 million TEUs in 2019, achieving an …
ISM APAC appoints its first Sri Lankan Managing Director
ISM APAC, the regional arm of Netherlands based e-commerce company ISM e-Group, marked the dawn of a new era as it announced the appointment of its …
Loud music not allowed in buses from tomorrow: Transport Ministry
Dec 31, 2019 (LBO) – Sri Lanka's Transport Ministry says that it will not allow loud music in buses from 01 January 2020 and advises passengers to …
ICICI Bank & Axis Bank to close down business operations in Sri Lanka
Dec 31, 2019 (LBO) – Sri Lanka’s Central Bank has permitted Axis Bank Ltd and ICICI Bank Ltd to close down their business operations in Sri …
Plastics & Rubber Institute signs MOU with Institute in Singapore
The Plastics and Rubber Institute of Sri Lanka has signed an MOU with the Plastics and Rubber Institute of Singapore. This was announced by the …
President to explore possibility of gathering personal info under one data center
President Gotabaya Rajapaksa has paid his attention to bring all personal information such as National Identity Cards, driving licenses, immigration …
Weekly AWPR declines to single-digit levels after April 2016: Central Bank
Dec 30, 2019 (LBO) – Sri Lanka’s Central Bank says that the weekly Average Weighted Prime Lending Rate (AWPR) has declined to single-digit levels …
Singapore’s Perennial to launch USD250mn mixed development project in Sri Lanka
Dec 29, 2019 (LBO) – Integrated real estate and healthcare company headquartered and listed in Singapore, Perennial Real Estate Holdings Limited is …
Business Excellence program
A training on Business Excellence will be conducted at the Mövenpick Hotel on the 10th of January 2020. The session will cover the areas of time …
First Capital Research trims down its rate cut probability to 50-pct
Dec 24, 2019 (LBO) – Considering the recent major policy changes, First Capital Research has trimmed down its rate cut probability to 50 percent …
Canada supports women’s rights organizations in Sri Lanka
Dec 24, 2019 (LBO) – The High Commission of Canada to Sri Lanka together with the Asia Foundation launched their flagship development initiative in …
W D Lakshman appointed new Governor of Sri Lanka’s Central Bank
Dec 24, 2019 (LBO) – Professor W D Lakshman has been appointed as the new Governor of Central Bank of Sri Lanka. An official at the Central Bank …
New Chairman appointed to Lanka Electricity Company
Dec 24, 2019 (LBO) – Sri Lanka's Power and Energy Minister Mahinda Amaraweera has appointed Attorney-at-Law Athula Priyadharshana De Silva as the …
Sri Lanka nationwide inflation decreased in November
Dec 24, 2019 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index decreased to 4.1 …
First Capital wins Silver – Investment Banking Category at Annual Report Awards
First Capital Holdings PLC, the only listed investment bank in Sri Lanka, won the Silver Award under the newly introduced industry category …
Fitch revises Outlook on Sri Lanka Telecom to Negative; affirms at AA+
Dec 23, 2019 (LBO) – Fitch Ratings has revised the Outlook on Sri Lanka Telecom PLC's (SLT) National Long-Term Rating to Negative from Stable and …
Fitch revises Outlook on Ceylon Electricity Board to Negative
Dec 23, 2019 (LBO) – Fitch Ratings has revised the Outlook on Ceylon Electricity Board's (CEB) National Long-Term Rating to Negative from Stable …
CA Sri Lanka, CMA & SAFA launches Digital Competency Maturity Model for SMPs
Dec 23, 2019 (LBO) – With digitization expected to have profound implications on Small and Medium-Sized Practices (SMPs), the South Asian …
DIMO launches power panel manufacturing plant at DIMO logistics centre
Diesel & Motor Engineering PLC (DIMO), one of Sri Lanka’s leading diversified companies has successfully launched its own power panel …
Opinion: Paving way towards safer Sri Lanka for women and girls
(UNFPA) - Violence against women and girls is one of the most prevalent human rights violations in the world. The costs of violence are extremely …
Government directs banks to suspend recovery of SME loans
Dec 20, 2019 (LBO) – Sri Lanka’s Finance Ministry says the government has issued directives to Chairmen and CEOs of all banks to suspend the …
‘Revitalized Africa Policy’ to guide Sri Lanka’s engagement with Africa
Dec 20, 2019 (LBO) - Foreign Secretary Ravinatha Aryasinha has said the operationalization of the recently developed ‘RevitalizedAfrica Policy’, …
President appoints tech-studded ICTA board to drive digital Sri Lanka
Dec 20, 2019 (LBO) - In line with his vision for a Sri Lanka driven by technology, President Gotabaya Rajapaksa has appointed a tech-studded board …