S Korea to give up WTO’s developing country status that includes wealthiest countries
Oct 25, 2019 (LBO) – South Korea is to give up special treatment reserved for developing countries by the World Trade Organization in future …
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Otara Gunewardene resigns from Singer Sri Lanka board
Oct 25, 2019 (LBO) – Otara Gunewardene has tendered her resignation from Singer Sri Lanka board which will be effective from 31 December 2019. The …
Sri Lanka ranked 99th in new Doing Business Index
Oct 24, 2019 (LBO) – Sri Lanka is ranked as 99th out of 190 countries with a score of 61.8 in Doing Business 2020 report released by the World …
Advantis Engineering completes modular construction at Jaffna Airport in 2 months
Due to fast-moving economic conditions present in Sri Lanka, utmost importance is placed on the lead time of construction projects in order to …
First Capital recommends investors to increase exposure in mid-long tenor bonds
Oct 24, 2019 (LBO) – First Capital Research recommends investors to increase overall fixed income portfolio exposure to 50 percent from 45 percent. …
Sanken Construction to build 112-room hotel at Union Place under BOI deal
Oct 24, 2019 (LBO) – Sri Lanka's Board of Investment signed an agreement with Sanken Construction (Pvt) Ltd to construct and operate a 112 room …
Fitch affirms Sierra Cables PLC at ‘BB+’; outlook stable
Fitch Ratings has affirmed the National Long-Term Rating on Sierra Cables PLC at 'BB+(lka)'. The Outlook is Stable. The affirmation reflects Fitch's …
Central Bank to issue license cancellation notice to The Finance Company
Oct 23, 2019 (LBO) – Monetary Board of the Central Bank has decided to issue a Notice of Cancellation of the License issued to The Finance Company …
Vote on Account presented to Parliament
Oct 23, 2019 (LBO) – Sri Lanka's Finance Minister Mangala Samaraweera today presented the Vote of Account for the first four months of 2020 in the …
CA Sri Lanka CPD Academy introduces virtual classrooms
In a novel concept aimed at helping the country’s professional community enhance their knowledge on a variety of topics, the CA Sri Lanka CPD …
Sri Lanka unveils first bamboo energy forum with UNIDO backing
Oct 23, 2019 (LBO) – United Nations Industrial Development Organization (UNIDO) is collaboratively unveiling Sri Lanka's first forum on bamboo for …
Fitch affirms Melstacorp & Distilleries at ‘AAA’; outlook stable
Oct 23, 2019 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate Melstacorp and its subsidiary …
Nishantha Senaveratne elected as President of IATA Agents Association
The 31st Annual General Meeting of the IATA Agents Association of Sri Lanka (IATA–AASL) was held on Friday, the 13th of September, 2019 in …
Omega Line to reconstruct USD 24Mn Sri Lanka factory complex
Oct 22, 2019 (LBO) – Sri Lanka's Board of Investment has signed a deal with Omega Line to reconstruct its factory complex at the existing premises …
US court dismisses lawsuit against Gota; Ahimsa to appeal decision
Oct 22, 2019 (LBO) – The United States District Court for the Central District of California has granted Gotabaya Rajapaksa’s motion to dismiss …
Sri Lanka inflation at 5-pct in Sept 2019
Oct 22, 2019 (LBO) - Sri Lanka’s National Consumer Price Index (NCPI) increased to 5 percent from 3.4 percent recorded in August on a year-on-year …
PA sounds alarm on growing discrepancy between tea auction & export prices
Oct 21, 2019 (LBO) – The Planters’ Association of Ceylon sounded a cautionary note with regard to the health and sustainability of the entire tea …
Financial Action Task Force delists Sri Lanka from Grey List
Oct 21, 2019 (LBO) – The Financial Action Task Force (FATF), the global policy setter on Anti-Money Laundering and Countering the Financing of …
Will Jaffna International Airport help the Northern economy take-off at last?
By Jekhan Aruliah The opening, strictly speaking the re-opening, of Jaffna International Airport (IATA airport code JAF) in October 2019 was one of …
Farm Smart: Developing Sri Lanka’s agriculture sector in the 4IR
Manoj Thibbotuwawa and Nimesha Dissanayaka Rapid population growth has put tremendous pressure on the world’s agricultural systems to provide safe …
Challenges faced by SL’s real estate market; A direct reflection of the economy
Oct 21, 2019 (LBO) - Real estate is one of the Sri Lanka’s major revenue-generating sources. The country’s post-war impressive growth has led …
Real-time online payment facility for BOI customers
Oct 21, 2019 (LBO) - The Board of Investment of Sri Lanka has taken another significant step forward where customers have the convenience of making …
ICRA Lanka revises outlook on issuer rating of BoC to negative
Oct 21, 2019 (LBO) - ICRA Lanka Limited, subsidiary of ICRA limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating …
Sri Lanka urges UN Secretariat to fulfill financial obligations to peacekeepers
Oct 21, 2019 (LBO) – Sri Lanka urges the United Nations Secretariat to fulfill its financial obligations with regards to the peacekeepers …