Opinion: Act carefully or drown: 3 lessons from New Orleans for Sri Lanka
By Asmita Tiwari, Suranga Kahandawa, Masatsugu Takamatsu & Keiko Sakoda Our hearts sank as we looked at the Hurricane Katrina-affected house, now …
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Sri Lankan authorities dispute revision of outlook to Negative by Fitch Ratings
Dec 19, 2019 (LBO) – Sri Lankan authorities stress that the recent rating action by Fitch Ratings to revise the country’s Outlook to …
Colombo Coffee Company receives Rs100Mn investment from Akbar Brothers
Colombo Coffee Company (CCC), Sri Lanka’s largest coffee solutions provider and café operator, reached an agreement with Akbar Brothers for a LKR …
Sri Lanka records 2.7-pct growth in third quarter of 2019
Dec 19, 2019 (LBO) – Sri Lanka's national accounts estimates of the third quarter still reflect the impact of ‘Easter Sunday Attack’ especially …
President inspects Narahenpita Economic Centre
President Gotabaya Rajapaksa went on an inspection tour in the special economic centre in Narahenpita yesterday evening (18). President paid …
Cabinet appoints 4-member committee to study MCC compact
Dec 19, 2019 (LBO) – Sri Lanka’s cabinet has decided to appoint an expert committee to study and look into the issues of the MCC compact and …
Sep quarter earnings declined by 9.6-pct for 264 companies: FC Research
Dec 19, 2019 (LBO) – Sri Lanka's First Capital Research says that quarterly earnings have been dipped for listed companies amidst weaker consumer …
Arpico Finance receives ISO 27001:2013 certification for IT
With a growing customer base and ambitious plans to reach greater heights, Arpico Finance Company PLC (AFCP), the second oldest financial institution …
Fitch revises Outlook on Sri Lanka to Negative; affirms at ‘B’
Dec 19, 2019 (LBO) – Fitch Ratings has revised the Outlook on Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from …
Sri Lanka’s Multi Purpose Development Task Force to be launched on January 15
Dec 18, 2019 (LBO) – Sri Lanka's government is to launch the programme of generating 100,000 employment opportunities for poor families, on January …
SriLankan Airlines & Gulf Air ink codeshare agreement
Dec 18, 2019 (LBO) – SriLankan Airlines and Gulf Air, the national carrier of the Kingdom of Bahrain have entered into a codeshare partnership …
Opinion: Gender dimension of remittances to Sri Lanka: Who remits more?
Bilesha Weeraratne Remittances are often considered a stable and a reliable source of development financing. In 2018, remittances to Sri Lanka …
Sri Lanka’s tallest A-grade office complex, MAGA ONE achieves full occupancy
Dec 18, 2019 (LBO) – MAGA ONE, Sri Lanka’s tallest A-grade office complex developed by the country’s largest construction company, Maga …
World Bank approves USD25mn loan to strengthen public sector efficiency in Sri Lanka
Dec 18, 2019 (LBO) – The World Bank on Tuesday approved a 25 million dollar loan to Sri Lanka to improve the transparency and efficiency of core …
CA Sri Lanka’s groundbreaking alliance with ICAEW
Turning a new leaf in the country’s dynamic accounting profession, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) broke new …
Uber launches two new safety features in Sri Lanka
Dec 17, 2019 (LBO) – Uber, the world’s largest mobility platform, announced two new safety features, Two-way Phone Anonymisation and Driving Hour …
Singapore fashion platform buys Lankan software firm nCinga for USD15.5mn
Dec 17, 2019 (LBO) – Singapore-based fashion platform Zilingo has acquired Sri Lanka-based software-as-a-service (SaaS) firm nCinga Innovations for …
Chandani Werapitiya appointed new DG of SLTDA
Dec 17, 2019 (LBO) - Chandani Werapitiya, a senior banking professional, lecturer, global speaker and a panelist in international forums with 32+ …
Sri Lanka economy boosted after election by local investor activity: ICRA
Dec17, 2019 (LBO) - Sri Lanka's overview activities in the economy improved post presidential election driven by positive sentiments from the local …
Ashok Pathirage appointed SriLankan Airlines Chairman
Dec 17, 2019 (LBO) – Top businessman Ashok Pathirage has been appointed as the new Chairman of SriLankan Airlines Limited. He is the founder of the …
CEAT announces immediate pass-on of tax reductions to customers
Says expects beneficial impact on operating costs in public transport and carriage of goods CEAT Kelani Holdings, which manufactures nearly half of …
Sri Lanka’s AHASA ONE Sky Bridge to connect two towers with pools & sun deck on top
Dec 16, 2019 (LBO) – The first of its kind in South Asia, AHASA ONE Sky Bridge is the most distinctive feature of the iconic Sapphire Residences …
Global initiative by FAO to control Fall Armyworm; mobile app to launch in local languages
Dec 16, 2019 (LBO) – The Food and Agriculture Organization of the United Nations (FAO) has launched a pioneering initiative - “Global Action for …
SriLankan adds 18 more destinations through codeshare with Qatar Airways
Dec 16, 2019 (LBO) – SriLankan Airlines is adding 18 more new cities in Europe, North America, South America, and the Middle East through the …