All News

Shangri-La Group completes One Galle Face, Group’s largest venture in South Asia

Nov 14, 2019 (LBO) – Seven years after it broke ground, the much-anticipated One Galle Face (OGF) integrated project was officially opened recently …

Sri Lanka’s stocks move up, but foreigners sell Rs1.5bn ahead of Presidential election

November 13, 2019 (LBO) - Sri Lanka's stock market was strong ahead of Sri Lanka's impending Presidential election to be held on Saturday November …

All eyes on AKD as election campaigning ends at midnight

November 13, 2019 (LBO) - Intense campaigning for Sri Lanka's Presidency will come to an end tonight at midnight. After a 48 hour cooling off period, …

Sri Lankan banks facing pressure on credit profiles, rising NPLs: Fitch Ratings

Nov 13, 2019 (LBO) – Pressure on Sri Lankan banks' financial profiles due to challenging operating conditions became more apparent in the banks' …

Sri Lanka nominated for destination of the year award in UK for technology: SLASSCOM

Nov 13, 2019 (LBO) - SLASSCOM announced that Sri Lanka has been nominated for this prestigious award by the Global Sourcing Association (GSA). The …

Speedily adopt modern technologies in all aspects of travel and tourism industry: IPS

The fourth industrial revolution (4IR) is changing today’s world. Globally, 64 per cent of all migrant travellers has migrated for employment. …

Opinion: Ban on tobacco cultivation: A blessing in disguise for Sri Lankan farmers

By Manoj Thibbotuwawa and Nimesha Dissanayaka While the topic of tobacco control is mentioned in some of the main presidential candidates’ …

Strengthening Right to Information in Sri Lanka

Nov 13, 2019 (LBO) – The Universal Declaration of Human Rights recognizes that freedom of expression includes the ‘right to seek, receive and …

Moody’s Analytics Knowledge Services rebrands as Acuity Knowledge Partners

Nov 13, 2019 (LBO) – Moody’s Analytics Knowledge Services announced its rebrand as Acuity Knowledge Partners (“Acuity”) following the …

Attorney General advises Central Bank not to make Forensic Audit reports public

Nov 12, 2019 (LBO) – Sri Lanka's Attorney General has opined that the findings of the Forensic Audit reports should be treated as having the …

Sunshine Energy’s third Hydropower Plant adds 2.4MW to national grid

Nov 11, 2019 (LBO) – Sunshine Energy (Pvt) Ltd, a fully-owned subsidiary of Sri Lanka’s diversified conglomerate Sunshine Holdings, opened its …

Taj Lanka Hotels (TAJ) revenue up 12% as Sri Lanka tourism recovers

November 11, 2019 (LBO) - Colombo Stock Exchange (CSE) listed Taj Lanka Hotels (TAJ) reported surprisingly robust revenue growth for the quarter …

Harsha’s highlights – inspired by New Zealand PM’s viral video

November 10, 2019 (LBO) - Popular Non Cabinet Minister of Economic Affairs Dr. Harsha De Silva in a short video message highlighted the achievements …

Sri Lanka official reserves at USD7.8bn by end October

Nov 08, 2019 (LBO) – Sri Lanka’s gross official reserves were 7.8 billion US dollars (USD7,783.6mn) by the end of October, up from 7.6 billion US …

LSE announced the launch of Millennium platform for AAX crypto-currency trading

AAX launches as the first digital asset exchange using Millennium ExchangeTM matching engine technology Marks the first deployment of Millennium …

Expolanka reports revenue of Rs 28.7Bn : 15-pct growth YoY

Nov 08, 2019 (LBO) - Expolanka PLC announced that it was on a sustainable growth path despite a global environment that continues to be challenging …

Haycarb records turnover of Rs.11.3Bn: PAT of Rs. 844.9Mn for H1 2019/20

Nov 08, 2019 (LBO) - Haycarb PLC reported revenue of 11.3 billion rupees and profit before tax of 844.9 million rupees for the six months ending 30th …