Competition cuts Asian Hotels (AHPL) annual profit in half
May 31, 2019 (LBO) - Profits at Sri Lanka's leading city hotel operator, Asian Hotels and Properties (AHPL), were down more than 50% for the year …
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BOI signs agreement with foreign investor for USD 4.5mn luxury resort “Plantation Koggala”
May 31, 2019 (LBO) – Sri Lanka's Board of Investment has signed an agreement with Sundara (Pvt) Ltd on a luxury resort project valued at over USD …
SriLankan Airlines to resume services to Karachi
SriLankan Airlines is to resume services to Pakistan’s commercial capital Karachi on 1st June 2019. Sri Lanka’s National Carrier will operate …
Vidullanka commissions its first ever biomass based power project
May 31, 2019 (LBO) – Vidullanka in its latest announcement to the CSE, disclosed the commissioning of the development of the 3.3MW Dehiattakandiya …
Sunshine Holdings PAT down 36.5-pct; top-line growth 6.9-pct in FY18/19
Divestiture of Tea plantation business in May 2019Consolidated revenue of Rs. 22.6 billion, an increase of 6.9% YoYPAT amounted to Rs. 1.1 billion, …
Samsung redefines SMART TV with the launch of Unbox Magic Series
Samsung Sri Lanka today announced its latest Smart TVs with industry first unique benefits such as Personal Computer, Music System , Live Cast …
How tourism service providers can avail financial relief package
May 31, 2019 (LBO) - Ministry of Tourism and Ministry of Finance has decided to offer the following financial reliefs for tourism service providers. …
Amidst elevated market lending rates, private sector credit contracted notably: CBSL
May 31, 2019 (LBO) – Sri Lanka's Central Bank on Friday said the market lending rates remained downward rigid, despite the measures already taken …
Sri Lanka Central Bank cuts SDFR and SLFR by 50 basis points
May 31, 2019 (LBO) – The Monetary Board of the Central Bank, at its meeting held on 30 May 2019, has decided to reduce the Standing Deposit …
Australia returns illegal immigrants from failed people smuggling vessel
Twenty Sri Lankan national illegal immigrants were returned to Sri Lanka yesterday from a people smuggling vessel targeting Australia. Australia …
Ravi Fernando highlights need to embed corporate sustainability subject into curriculums
Well known strategic corporate sustainability guru Dr. Ravi Fernando has emphasized the crucial need for professional and academic programmes to …
SriLankan Catering posts Rs 5.7bn net profit for 2018/19
May 30, 2019 (LBO) – SriLankan Catering, the fully owned subsidiary of SriLankan Airlines has recorded a steady financial performance for the …
Jegan Durairatnam to Chair DFCC board
May 30, 2019 (LBO) - Former Commercial Bank CEO Jegan Durairatnam has been appointed as the Chariman of the board of DFCC. The appointment is with …
Capital Trust becomes the sole owner of ride-hailing-app, Taxiya
May 30, 2019 (LBO) - Taxiya, a ride-hailing service powered by an advanced digital mobile App, is now wholly owned and managed by Capital TRUST …
Cabinet nod for implementation of promotion programs to minimize effects attacks on tourism
May 30, 2019 (LBO) - Sri Lanka's cabinet of ministers has approved several relief packages for the tourism industry in the island. Approval was given …
Sri Lanka introduces an electronic Government Procurement System
Remarks made by Mangala Samaraweera, Minister of Finance at the launching event of the Electronic Government Procurement (e-GP) System on 29th May …
World Bank to allocate USD 250mn policy based guarantee to Sri Lanka for external borrowings
May 29, 2019 (LBO) – The World Bank has offered 250 million US dollars worth policy based guarantee to Sri Lanka for the external borrowings, the …
Sri Lanka rupee appreciated 3.8-pct against the US dollar up to 28 May 2019
May 29, 2019 (LBO) - Sri Lankan rupee appreciated against the US dollar by 3.8 percent by end March 2019 compared to end 2018. "Along with the …
Interview:How to grow SriLankan entrepreneurship in the USA
May 29, 2019 (LBO) - Insaaf Mohideen, is a Sri Lanka born American entrepreneur and investor who has seen his career spanned across the fields of …
DFCC iConnect to facilitate employee EPF payments
The greatest testimonial to DFCC Bank’s credentials as the industry leader in pioneering FinTech solutions in the banking and financial solutions …
Sri Lanka exports up 5.6-pct: Imports down
May 29, 2019 (LBO) - Export earnings increased by 5.6 percent (year-on-year) while import expenditure declined by 19. online pharmacy buy diflucan …
India relaxes travel advisory for Sri Lanka
May 28, 2019 (LBO) - India has relaxed its travel advisory for Sri Lanka. The previous advisory advised against non-essential travel, while the …
Sri Lanka signs MoC with Japan & India to develop Colombo South Port
May 28, 2019 (LBO) – Memorandum of Cooperation (MoC) among the three governments of Sri Lanka, Japan and India on the development of the East …