Sri Lanka to host 2021 Annual meeting of ADB: Finance Ministry
The 54th Annual Meeting of the Board of Governors of the Asian Development Bank is to be held in Colombo, in May 2021. The Annual Meeting of the ADB …
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ComBank slashes rates for ‘Biz Loans’ to encourage SME Sector
Commercial Bank of Ceylon has announced a reduction of interest rates relating to its ‘Biz Loans’ with a view to further supporting the small and …
Switzerland relaxes travel advisory for Sri Lanka
May 28, 2019 (LBO) - Switzerland has relaxed its travel advisory to Sri Lanka. The travel advisory previously warned citizens to avoid all but …
Lotus Renewables buys Hatton Plantations (HPL) in Rs1bn deal
May 28, 2019 (LBO) - Lotus Renewable Energy Group (LREG) has bought control of Colombo Stock Exchange (CSE) listed Hatton Plantations (HPL) in a …
Sri Lanka Tourism Alliance launches #LoveSriLanka initiative
May 28, 2019 (LBO) – In the wake of the Easter Sunday outrage, several hoteliers came together to form the Sri Lanka Tourism Alliance, launching …
Sri Lanka JKH revenue up 12-pct: EBITDA down 11-pct
May 28, 2019 (LBO) - Sri Lanka's John Keells Group’s revenue increased by 12 percent to 135.46 billion rupees while recurring earnings before …
Safety of all passengers onboard is our highest priority: SriLankan Airlines
Statement from SriLankan Airlines Colombo May 27, 2019: SriLankan Airlines wishes to clarify and place on record certain facts with regard to a …
BOI & Hutchison Lanka signs deal to set up warehouse facility to strengthen telco infrastructure
May 27, 2019 (LBO) – Sri Lanka's Board of Investment on Monday said they signed a supplementary Agreement with Hutchison Telecommunications Lanka …
Sri Lanka to retain 51-pct stake in new Terminal Operations Company of East Container Terminal: SLPA
May 27, 2019 (LBO) – Sri Lanka Ports Authority (SLPA) says the proposed Terminal Operations Company (TOC) that conducts all East Container Terminal …
First Capital Research allocates 95-pct probability for a policy rate cut
May 27, 2019 (LBO) – First Capital Research has allocated a 95 percent probability for a policy rate cut in May 2019 as they are of the view that …
Sri Lanka vehicle registrations down in Apr 2019
May 27, 2019 (LBO) - Sri Lanka's vehicle registrations were down in almost every category in April due to the New Year and Easter holidays and …
Strong possibility of a rate cut; interest rate decline to boost stock market: Capital Trust
May 26, 2019 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy has hinted a strong possibility of a policy rate cut at the next …
“Warak Wati Dewarak Nagi Siti Sinhayan Api” Sri Lanka Cricket launches World Cup theme song
Sri Lanka Cricket, under the auspices of the Ministry of Sports and Hon. Minister Harin Fernando - Minister of Telecommunication, Foreign Employment …
Colombo Port container volumes up by 9.1-pct in April 2019
May 26, 2019 (LBO) – Colombo Port's container volumes indicate a 9.1 percent increase in the month of April compared to the same period last year. …
Opinion: The demise of Ranil Wickremesinghe is highly exaggerated
May 25 2019 (LBO) - Over five years ago, residents of Colombo were regularly treated to a political satire based on the character Chaminda …
China quick to relax travel advisory for Sri Lanka
May 25, 2019 (LBO) - China has relaxed its travel advisory to Sri Lanka with language that says: ‘be cautious’ as opposed to language that says …
Sri Lanka disappointed by ill-timed statement from UN Special Advisors: UN Representative
May 24, 2019 (LBO) – Responding to a joint statement issued recently by the UN Special Advisors, Sri Lanka’s Permanent Representative to the UN …
Foreign outflow from Sri Lanka government bonds reverses in past week
May 24, 2019 (LBO) - Foreign investors moved back into Sri Lanka government bonds during the past week slightly reversing significant outflows that …
Harry J’s shareholding in JKH nears 10%
May 24, 2019 (LBO) - Harry Jayawardena, perhaps Sri Lanka's wealthiest man, now controls close to 10% of the outstanding shares in Sri Lanka's most …
Korea Eximbank to conduct feasibility study to establish land information service system
May 24, 2019 (LBO) – Recognizing the importance of efficient land management and its contribution to the economy, the Korea Eximbank is financing a …
Advocata supports recommendations from experts on restructuring of SriLankan
May 24, 2019 (LBO) - During the ten year period when the management of SriLankan Airlines was under Emirates, the airline enjoyed a decade of …
Fitch upgrades Union & Cargills Banks; affirms 5 small & mid-sized Sri Lanka banks
May 24, 2019 (LBO) – Fitch Ratings Lanka has upgraded the National Long-Term Ratings of Union Bank of Colombo to 'BBB-(lka)' from 'BB+(lka)' and of …
FriMi from Nations Trust Bank continues to dominate digital banking in Sri Lanka
May 24, 2019 (LBO) - FriMi and in just a short span of two years, the first digital bank in Sri Lanka has completely changed the way banking and …
Modi wins second term
May 24, 2019 (LBO) - Indian Prime Minister Narendra Modi won a landslide victory with his party Bharatiya Janata Party (BJP) securing a larger number …