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IGP and Former Defence Secy arrested while in hospital

Jul 03, 2019 (LBO) - Sri Lanka's top police officer, Pujitha Jayasundara and the former Defence Secretary to the Ministry of Defence Hemasiri …

CSE and SEC reach out to investor community in Jaffna

Jul 03, 2019 (LBO) - The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) recently organized a regional …

Sri Lanka – Germany fast track dialogue to assist investors and tourism

Jul 03, 2019 (LBO) - The Sri Lanka – Germany fast track dialogue was held recently at the Ministry of Development Strategies and International …

The Lean Six Sigma Company launches its operations in Sri Lanka

With the motive of supporting organizations and individuals in their ambition to continuously improve processes, The Lean Six Sigma Company, one of …

World Bank classifies Sri Lanka as upper-middle income country under new revision

Jul 02, 2019 (LBO) – Sri Lanka has moved up to the upper-middle income category from lower-middle income category under the World Bank’s new …

Emirates unveils special business class fares from Colombo

(PRESS RELEASE) - Business travellers from Sri Lanka as well as aficionados of the travel experience can now sample the premium Emirates Business …

SriLankan Airlines incurs to Rs.13Bn loss in first 4 months of 2019

Jul 02, 2019 (LBO) - State-run SriLankan Airlines total loss has increased to 12,961 million rupees in the first four months of 2019, a new report …

Fitch rates Sri Lanka’s USD bonds final ‘B’

July 01, 2019 (LBO) – Fitch Ratings has assigned Sri Lanka's 500 million US dollars, 6.35% bonds due 2024 and 1.5 billion 7.55% bonds due 2030 a …

Fitch affirms 5 Sri Lankan finance companies; revises outlook on MIF to negative

July 01, 2019 (LBO) – Fitch Ratings has revised the Outlook on Mercantile Investments and Finance PLC (MIF) to Negative from Stable and has …

Sri Lanka public servant pay hike effective from today

Jul 01, 2019 (LBO) - The salary increment and other allowances for public servants proposed by Finance Minister Mangala Samaraweera in his budget …

Ceylon Chamber of Commerce inducts Hans Wijayasuriya as its new Chairperson

Jun 29, 2019 (LBO) – The Ceylon Chamber of Commerce inducted Hans Wijayasuriya as its new Chairperson during its 180th AGM on Friday. Dr. …

IMF at G20: Lagarde calls for stronger international cooperation

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of the Group of …

Death penalty sends wrong signal to investors: EU

Jun 28, 2019 (LBO) - The European Union has issued a statement opposing the revival of the death penalty, saying it will send wrong signals to …

SLASSCOM and AWS collaborate to position Sri Lanka as hub for data science and AI

Jun 28, 2019 (LBO) - To position Sri Lanka as a hub for data science and artificial intelligence (AI) skills, the Sri Lanka Association of Software …

Land prices in greater Colombo increase up to 64-pct: Lanka Property Web report

Jun 28, 2019 (LBO) - Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in …

Sri Lankan banks face rising NPLs, capital pressure: Fitch Ratings

Jun 28, 2019 (LBO) – Sri Lankan banks face further increases in non-performing loans (NPLs) this year as the macro-economic environment remains …

Accountants can assist in implementing effective tax system: Inland Revenue COMNR GEN

Jun 27, 2019 (LBO) – The new Commissioner General of Inland Revenue, Nadun Guruge recently highlighted the important role Chartered Accountants can …

Opinion: Where is regulatory energy focused?

By Dinesh Perera The Central Bank has been taking out all its regulatory energy[i] on the Non-Bank Financial Institutions. The current 25 percent cap …