Kia Motors revs up for growth with Rs.800Mn Malabe complex
Sep 02, 2019 (LBO) - Korean automaker KIA is to strengthen its presence in Sri Lanka with a distributor dealership model following the recent …
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Sri Lanka Foreign Secretary says Post 21/4, a litmus test for protecting HR while fighting terrorism
Sep 02, 2019 (LBO) – Sri Lanka's Foreign Secretary Ravinatha Aryasinha says that post 21/4 has been a ‘litmus test’ on Sri Lanka’s resolve to …
Third exhibition of Enterprise Sri Lanka in Jaffna
Sep 02, 2019 (LBO) – The third of a series of Enterprise Sri Lanka exhibitions which aims to promote enterprise culture within the island and …
Sri Lanka’s credit profile reflects ongoing liquidity & external vulnerability risks: Moody’s
Aug 30, 2019 (LBO) – Moody's Investors Service says in a new report that the credit profile of Sri Lanka (B2 stable) reflects ongoing government …
Subdued economic growth drives negative outlook for Sri Lanka banking system: Moody’s
Aug 30, 2019 (LBO) – Moody’s Investors Service says in a new report that its negative outlook for Sri Lanka’s banking system is driven by weak …
Sri Lanka prepares to pioneer USD50Mn fully-fledged Ocean University
Aug 30, 2019 (LBO) – Sri Lanka’s state-run job skilling apparatus, the Technical, Vocational Education Training (TVET) sector, is now poised to …
Disaster risk resilience: key to protecting vulnerable communities
By Armida Salsiah Alisjahbana The past five years have been the hottest on record in Asia and the Pacific. Unprecedented heatwaves have swept across …
William Penn announces its launch in Sri Lanka
Penndome Sri Lanka, announces its brand launch in Sri Lanka of the William Penn brand. The brand offers a wide portfolio of products in premium …
JKH trades above book value despite dull trading at the CSE
August 28, 2019 (LBO) - Stocks in Sri Lanka are continuing a streak of relatively dull trading with average daily turnover for the last 8 trading …
Opinion: The Capital Market Cure
By the Prince of Kandy: The Monetary Board in conjunction with the Central Bank is busy creating a policy to create systems whereby there is a better …
Sri Lanka Prime Minister to visit Maldives
Aug 27, 2019 (LBO) – Sri Lanka's Premier Ranil Wickremesinghe will undertake an official visit to the Maldives on 2nd September 2019, on an …
Simmering ethno-religious tensions in Sri Lanka must not be ignored, says UN rights expert
Aug 26, 2019 (LBO) – Simmering ethno-religious tensions in Sri Lanka require urgent action by the authorities to strengthen respect for freedom of …
Allianz Lanka appoints Nihal Handunge as Deputy CEO for Life Insurance arm
The board of directors of Allianz Lanka recently announced the appointment of Nihal Handunge as the Deputy CEO for Allianz Life Insurance Lanka …
Sri Lanka eco summit to discuss SOE reform implementation weaknesses
Aug 26, 2019 (LBO) - Sri Lanka’s State-Owned Enterprises (SOEs) has been the topic of debate for many years now. online pharmacy buy diflucan with …
Huawei launches Ascend 910, world’s most powerful AI processor
Aug 26, 2019 (LBO) - Huawei officially launched the world's most powerful AI processor, the Ascend 910 as well as an all-scenario AI computing …
Sri Lanka vehicle registrations rebound in July 2019
Aug 26, 2019 (LBO) - Sri Lanka's vehicle registrations saw a rebound across the board in July from the lows of June since, limping back to normalcy …
Virtusa to automate SLT backend services & revamp service offerings to customers
Sri Lanka Telecom (SLT), the national ICT and digital solutions provider entered into a landmark agreement with Virtusa Private Limited, a global …
Foreign institutional bond selling spikes amid CBSL rate cuts
August 24, 2019 (LBO) - The 2018-2019 foreign exodus from Sri Lanka's government bond markets has picked up speed in recent weeks with total net …
Moody’s revises its growth forecasts for 16 Asian economies
Aug 23, 2019 (LBO) – Moody's Investors Service in a newly released report has revised downwards its GDP growth forecast for 16 economies in Asia …
Central Bank to announce timeline for banks to reduce market lending rates
Aug 23, 2019 (LBO) – Sri Lanka's Central Bank with the expectation of reducing all market lending rates in line with the reduction already observed …
Rupee depreciation pressure experienced during past few days to be short-lived: Central Bank
Aug 23, 2019 (LBO) – Sri Lanka's Central Bank expects the rupee depreciation pressure experienced during the past few days, to be short-lived. The …
Central Bank decides to reduce SDFR & SLFR by 50bps; SRR unchanged
Aug 23, 2019 (LBO) – Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending …
CA Sri Lanka to break gender barriers in boardrooms with new directory
Aug 22, 2019 (LBO) – In a landmark initiative aimed at breaking gender barriers across boardrooms, the Institute of Chartered Accountants of Sri …
Sri Lanka Army Commander to reorganize all military intelligence units
Aug 22, 2019 (LBO) – Sri Lanka's new Army Commander Lieutenant General Shavendra Silva says that he wants to reorganize military intelligence units …