Fitch rates Hatton National Bank’s Basel III sub-debt final A+(lka)
Aug 22, 2019 (LBO) – Fitch Ratings Lanka has assigned Hatton National Bank's proposed Sri Lanka rupee-denominated Basel III-compliant subordinated …
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Ceylinco Life reports 6-month net income of Rs.14.7Bn
Aug 21, 2019 (LBO) - Sri Lanka's Ceylinco Life reported a six month net income of 14.7 billion rupees with a premium income up 5.7 percent to 8.8 …
Fitch revises outlook on Singer Sri Lanka to negative; affirms at ‘A-(lka)’
Aug 21, 2019 (LBO) - Consumer-durables retailer Singer (Sri Lanka) PLC's National Long-Term Rating has been revised to negative from stable, a …
Sri Lanka headline inflation marginally increased in July
Aug 22, 2019 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI) increased …
JICA, Women & Child Affairs Ministry launched training programme for Frontline Officers
Ministry of Women & Child Affairs and Dry Zone Development (MOWCADZD) has launched the capacity building training programme for Frontline …
Sri Lanka cabinet grants approval to amend Muslim Marriage & Divorce Act
Aug 21, 2019 (LBO) – Sri Lanka's Cabinet of Ministers has approved a proposal to amend the Muslim Marriage and Divorce Act. The proposal contains …
Sri Lanka unveils modern hi-tech TVET facility with South Korean backing
Aug 21, 2019 (LBO) – Backed by the global industrial giant South Korea, Sri Lanka launched its most modern national hi-tech training facility …
SEC files action against several individuals for market manipulation
Aug 20, 2019 (LBO) – Securities and Exchange Commission of Sri Lanka (SEC) has filed an action before the Fort Magistrate’s Court against several …
Appointment of Army Commander is a sovereign decision by Head of State: Foreign Ministry
Aug 20, 2019 (LBO) – Sri Lanka's Foreign Ministry says that the appointment of Army Commander is a sovereign decision by the Head of State and …
Mobitel signs MoU with Japura Uni to conduct collaborative research on 5G, IoT & AI
The National Mobile Service Provider, Mobitel recently signed a landmark Memorandum of Understanding (MoU) with the University of Sri …
SLASSCOM and Norway sign collaboration agreement on ICT and entrepreneurship
Aug 20, 2019 (LBO) - The Sri Lanka Association of Software and Services Companies (SLASSCOM) and the Norwegian Ministry of Foreign Affairs entered …
Pigeon Island partners Blue Resources Trust to create conservation programs
Aug 20, 2019 (LBO) - Sri Lankan tropical wear brand Pigeon Island, based on marine conservation and plastic recycling, recently partnered with Blue …
USD160mn ADB loan to modernize Sri Lanka’s railway sector
Aug 20, 2019 (LBO) – Sri Lanka's government has mobilized loan assistance amounting to 160 million dollars from the Asian Development Bank (ADB) to …
Samurai Bond to support reserves to maintain around USD8Bn throughout 2019: FC
Aug 20, 2019 (LBO) – Sri Lanka’s First Capital Research believes that the raising of 500 million dollars via Samurai Bonds is likely to support …
First Capital assigns higher probability for neutral monetary policy stance
Aug 20, 2019 (LBO) – Sri Lanka's First Capital Research believes that the Central Bank may delay the monetary easing while allowing the impact of …
Shavendra Silva’s appointment undermines Sri Lanka’s reputation: US Embassy
Aug 19, 2019 (LBO) – The United States is deeply concerned by the appointment of Lieutenant General Shavendra Silva as Army Commander, releasing a …
New Norwegian Ambassador presents credentials
New Norwegian Ambassador Trine Jøranli Eskedal presented her credentials to President H. E. Maithripala Sirisena at the President’s House today. …
Shavendra Silva appointed as Sri Lanka’s new Army Commander
Aug 19, 2019 (LBO) – President Maithripala Sirisena has appointed Lieutenant General Shavendra Silva as the new Commander of the Sri Lanka Army. …
Softlogic Holdings report 7-pct growth in first six months 2019
Softlogic Holdings top line witnessed a 7% growth to Rs. 17.1 billion during the quarter ended JUNE 30, 2019 following the decline in consumer demand …
JVP declares Anura Kumara as their presidential candidate
Aug 18, 2019 (LBO) – Sri Lanka's Marxist Janatha Vimukthi Peramuna (JVP) today declared its leader Anura Kumara Dissanayaka as their presidential …
Special hotline 1913 for public complaints on illegal liquor
Aug 18, 2019 (LBO) – Sri Lanka's Excise Department will launch a special four-digit hotline 1913 from tomorrow to receive public complaints on …
Opinion: The Presidency is Ranil Wickremesinghe’s to lose
August 17, 2019 (LBO) - Noise. That is how one can describe the presidential aspirations of the most talked about candidates in Sri Lanka today. …
Sri Lanka commence construction of USD2.2Bn LRT project
Aug 16, 2019 (LBO) - The Ministry of Megapolis and Western Development has commenced phase one of the construction work of the Malabe and Colombo …
Melstacorp records Rs. 8.9 bn PAT for 2018-19
Aug 16, 2019 (LBO) - The Melstacorp group’s profit after tax for the financial year 2018-19 was 8.9 billion rupees compared to the previous …