Sri Lanka says tangible assistance needed to restore normalcy post 21/4
Oct 02, 2019 (LBO) – Foreign Secretary Ravinatha Aryasinha who is presently leading the Sri Lanka delegation to the 74th Session of the UN General …
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Sri Lanka Govt allows internal flight operation for foreign airlines
Oct 02, 2019 (LBO) - The Sri Lanka govenments cabinet of ministers has given the nod for foreign airlines to operate domestic flights, a statement …
MTD Walkers (KAPI) loses another billion, equity wiped out
October 2, 2019 (LBO) - Embattled construction firm MTD Walkers (KAPI) has reported a loss for the June quarter of approximately Rs1bn, and its …
Kumar Sangakkara takes office as first non-British President at Lords
October 1, 2019 (LBO) - Press Release: www.lords.org ONE OF THE ALL-TIME LEGENDS OF CRICKET, KUMAR SANGAKKARA, TODAY TAKES UP HIS ROLE AS PRESIDENT …
Opinion: Policy-oriented banking for industrial development
By Kasun Thilina Kariyawasam “The great source of both the misery and disorders of human life, seems to arise from over-rating the difference …
Yahapalanaya has not built anything of lasting value from USD26bn loans: MR
Oct 01, 2019 (LBO) – Sri Lanka’s Opposition Leader Mahinda Rajapaksa says that the yahapalana government has not built anything of lasting value …
Sec Aryasinha on Sri Lanka’s obstacles on peacekeeping contribution to UN
Oct 01, 2019 (LBO) - Sri Lanka's Foreign Secretary Ravinatha Aryasinha at the 74th UN General Assembly Session, met with Jean-Pierre Lacroix, under …
Imposition of lending rate caps, a credit positive: Central Bank replies to Moody’s
Oct 01, 2019 (LBO) – Sri Lanka's Central Bank says that the imposition of caps on lending rates of licensed banks would, in fact, be credit …
IOSCO launches World Investor Week to promote investor education
Sep 30, 2019 (LBO) – The International Organization of Securities Commissions (IOSCO) today launched its third annual World Investor Week (WIW) …
South Korea increases funding for new Sri Lanka Ocean University
Sep 29, 2019 (LBO) – The initial outlay on Sri Lanka’s largest vocational skilling project announced on 28 August has now increased by 60 percent …
Opinion: Sumanthiran should seriously consider a run for the Presidency
September 28, 2019 (LBO) - Sri Lanka's Presidential election is set for November 16th, just 50 days away. At this juncture there are three …
Developing human capital key for SL’s to become upper-middle-income economy
Sep 27, 2019 (LBO) - Sri Lanka needs to invest in people to unlock its productive potential, a senior official said. “People are the most valuable …
Morison receives shareholder approval to delist from CSE
Sep 27, 2019 (LBO) – The shareholders of Morison have approved the delisting of its voting and non-voting shares from the CSE by way of a special …
Noolaham Foundation preserves the past to enrich the future
By Jekhan Aruliah We can be so blinded by the white hot heat of innovation that we fail to see the red embers of renovation. We are so focussed on …
Sri Lanka’s lending rate cut is credit negative for banks: Moody’s
Sep 27, 2019 (LBO) – Sri Lanka’s recent lending rate cut will compress banks' net interest margins (NIMs) and add to their existing profitability …
Fitch affirms Sri Lanka at ‘B’; outlook stable
Sep 27, 2019 (LBO) – Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook. …
Economist Deshal de Mel rejoins Sampath Bank Board
September 27, 2019 (LBO) - Economist Deshal de Mel has been appointed as an Independent Non-Executive Director to the board of Sampath Bank. De Mel …
Salaries of public servants to be increased from Jan 2020: Fin Min
Sep 27, 2019 (LBO) - The monthly salary of all public servants will be increased by a minimum amount of 3000.00 rupees and, a maximum of 24,000.00 …
Ceylinco Life named one of Sri Lanka’s 10 most admired companies
Sep 27, 2019 (LBO) - Ceylinco Life Insurance was named among the 10 most admired companies in Sri Lanka at the 2019 edition of the International …
UNP declares Sajith Premadasa as their Presidential candidate
Sep 26, 2019 (LBO) – Sri Lanka’s ruling United National Party at the working committee meeting unanimously decided to field Minister Sajith …
India blocks Sri Lankan exports of spices using non-tariff barriers: SAPPTA
Sep 26, 2019 (LBO) – India has imposed an unrealistic Minimum Import Price (MIP) on Sri Lanka pepper and arecanuts resulting in negligible exports, …
Shangri La’s ‘One Galle Face’ mall to open November 8th
September 26, 2019 (LBO) - In an opening that will transform the retail sector in Sri Lanka, Shangri La has announced it will open its shopping mall …
Sri Lanka reserves at USD 8.3bn at end Jul 2019
Sep 26, 2019 (LBO) - Sri Lanka's gross official reserves stood at US 8.3 billion dollars by end July 2019, equivalent to 4.9 months of imports, the …
Sri Lanka trade deficit widens in July; export earnings decline
Sep 26, 2019 (LBO) - The trade deficit widened in July 2019 as exports fell more than the decline in imports, new data shows. Export earnings …