ICTA launches national IT-BPM workforce survey 2019
Aug 07, 2019 (LBO) - A new IT-BPM survey reveals the overall strength of the sector's workforce has grown from 82,854 in 2014 to 124,873 in 2018, up …
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John Keells renews commitment to maintain Slave Island Railway Station
John Keells Holdings PLC (JKH) renewed its 16-year public private partnership with Sri Lanka Railways for the refurbishment and maintenance of the …
Dushni Weerakoon appointed as member of Monetary Board
Dr (Ms) Dushni Weerakoon has been appointed as a member of the Monetary Board of the Central Bank of Sri Lanka with effect from July 29, 2019. Dr …
Overseas Realty revenue up 43-pct for six months ended Jun 30 2019
Aug 06, 2019 (LBO) - Overseas Realty (Ceylon) PLC recorded a group revenue of 3,726 million rupees for six months ended June 30, 2019, an increase of …
Opinion: The Politicisation of Inflation
By Prince of Kandy Sri Lanka is currently in the process of amending its monetary policy. We are moving towards an inflation-targeting central …
Cabinet approves amendments to Nation Building Tax & Value Added Tax
Aug 06, 2019 (LBO) – Sri Lanka's Cabinet of Ministers has approved the tax amendments proposed by the Finance Minister Mangala Samaraweera in his …
Fitch affirms National Insurance Trust Fund at ‘AA-‘; outlook stable
Fitch Ratings Lanka has affirmed Sri Lanka-based National Insurance Trust Fund Board's (NITF) National Insurer Financial Strength (IFS) Rating at …
Ceylon Chamber announces Sri Lanka investment and business conclave 2019
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, …
UNP coalition announcement delayed till end August : Ranil
Aug 06, 2019 (LBO) - Prime Minister Ranil Wickremesinghe said the postponement of the formation of the Democratic National Front (DNF) was temporary …
Sri Lanka’s insurance industry records 5.7-pct growth in Q1 of 2019
Aug 06, 2019 (LBO) - The insurance industry reported a growth of 5.70 percent in terms of overall gross written premium (GWP), during the first …
No change in 15-pct interest to Senior Citizens’ Savings Accounts: Finance Ministry
Aug 05, 2019 (LBO) – Although the Central Bank has reduced the rates for deposits maintained in commercial banks, the special interest rate of 15 …
SriLankan welcomes free visa on arrival facility to 48 countries
Aug 05, 2019 (LBO) – SriLankan Airlines welcomes the launch of the free visa on arrival facility that the Government of Sri Lanka is providing to …
DIMO’s new identity and way forward
(Press Release) - Reposition DIMO inside-out, to grow competitively and profitably considering the challenges of the future. Brand DIMO crosses the …
Market Research Society of Sri Lanka to introduce new socio-economic measure
Aug 05, 2019 (LBO) - The Market Research Society of Sri Lanka will be introducing its new SEC (socio-economic) measure, which takes into account a …
Sri Lanka targets Rs.130Bn excise revenue in 2019; So far 24,150 raids conducted
Aug 05, 2019 (LBO) - The Excise Department has conducted 24,150 raids throughout the country during the first six months of this year under its …
Interblocks acquired by Hitachi-Omron
Aug 05, 2019 (LBO) - Interblocks, a local fintech that specializes in payment-related software for the financial and retail sectors, has been …
Dipped Products records turnover of Rs.7.8Bn
Aug 05, 2019 (LBO) - The Dipped Products Group posted 7.8 billion rupees turnover and 221 million rupees profit before tax (PBT) for the first …
Sri Lankan financial services company implements cloud-based digital strategy
Aug 05, 2019 (LBO) - With operations supported by a range of Microsoft solutions, Capital Alliance Group (CAL) recently featured in a Microsoft …
Swim Week Colombo to showcase Sri Lanka as an international hub
Aug 02, 2019 (LBO) - The fifth edition of OLU Swim Week Colombo will unveil the latest trends in swim and luxury resort wear presented by 9 Sri …
CA Sri Lanka forum highlights need for accountants to lead in eradicating corruption
Aug 02, 2019 (LBO) - The increasingly important role professional accountants including Chartered Accountants can play in eradicating corruption and …
Teejay reports Q1 net profit growth of 62-pct
Aug 02, 2019 (LBO) - Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at group and company level …
NDBIB advisor to Rs.2.8 Bn IPO in Maldives
Aug 02, 2019 (LBO) - NDB Investment Bank (NDBIB), acting as the sole financial advisor and manager is executing its 2nd initial public offering …
Federal Reserve cuts interest rates for first time since 2008
Aug 02, 2019 (LBO) – The United States Federal Reserve lowered its benchmark rate by a quarter-point yesterday, its first rate cut since December …
First Capital recommends investors to reduce exposure in low yield bonds
Aug 01, 2019 (LBO) – Sri Lanka's First Capital recommends investors to reduce overall portfolio exposure to 45 percent from 60 percent. The firm …