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Gany Subramaniam appointed Chief Executive Officer of Allianz Lanka

Allianz today announces the appointment of Gany Subramaniam as the Chief Executive Officer of Allianz Insurance Lanka Ltd & Allianz Life …

Govt plans to construct two flyovers at Kohuwala and Gatambe

May 23, 2019 (LBO) - The Cabinet of ministers has approved plans to construct two more flyovers at Gatambe in Kandy and another in Kohuwala, …

IIT CodeSprint 4.0 fuels entrepreneurial spirit of undergraduates

May 23, 2019 (LBO) - Informatics Institute of Technology (IIT), has commenced CodeSprint 4.0, the fourth edition of the annual event that fuels the …

Ration and other allowances paid to Tri-Services increased: Fin Min

May 23, 2019 (LBO) – The ration and other allowances paid to all the officers and other ranks in the Tri – Services have been increased by the …

News item titled “Pakistan’s trade with Sri Lanka comes to a halt” is fake: SL High Commission

May 23, 2019 (LBO) – Sri Lanka’s High Commission in Islamabad, Pakistan said the news item titled “Pakistan’s trade with Sri Lanka Comes to a …

IMF wants SEC to streamline enforcement program; expedite high-profile criminal actions

May 23, 2019 (LBO) – International Monetary Fund (IMF) advises Securities and Exchange Commission of Sri Lanka (SEC) to streamline the current …

Only Conservatives can deliver Brexit – Nirj Deva MEP

May 22, 2019 (LBO) - The people of the United Kingdom will go to the polls on Thursday May 23rd to vote for who will be their representatives in the …

Circular issued to pay Rs 2500 monthly interim allowance to all public officials

May 22, 2019 (LBO) – Sri Lanka's Finance Ministry said all public sector employees will be paid a special interim monthly allowance of 2500 rupees …

Fishing For Sustainable Profits in the Northern Province

By Jekhan Aruliah I have so often heard from well meaning cash rich Diaspora that they can’t find sensible investment opportunities in the North. …

Parliament to appoint Select Committee to look into recent terrorist attacks in Sri Lanka

May 22, 2019 (LBO) – Sri Lanka’s Parliament will appoint a Select Committee to look into and report to Parliament on the terrorist attacks that …

Sri Lanka inflation increased to 3.6-pct in April

May 22, 2019 (LBO) – Headline inflation as measured by the year-on-year change in the National Consumer Price Index increased to 3.6 percent in …

CBSL intends to cut ownership limits of LFCs to 25-pct; invites stakeholder inputs

May 22, 2019 (LBO) – Sri Lanka’s Central Bank invites stakeholders to submit observations on the drafted master plan that intends to introduce …

CA Sri Lanka Techno Fair 2019 to unveil digital technologies for businesses

With the onset of the fourth industrial revolution, and with businesses increasingly embracing technology to become more efficient and sustainable, …

Hayleys revenue up 34-pct YoY to Rs.219Bn in FY 18/19

May 22, 2019 (LBO) - Sri Lanka's Hayleys PLC, group revenue expanded by 34 percent yoy to 219 billion rupees while operating profit before interest …

Japan and India to develop Sri Lanka’s Colombo port, countering China

May 21, 2019 (LBO) – Sri Lanka has agreed to jointly develop a container terminal at the Port of Colombo with Japan and India, countering China’s …

Sri Lanka’s private sector took a Pledge for Unity

May 21, 2019 (LBO) – Sri Lanka’s private sector representatives on Tuesday took a Pledge for Unity that they will work towards the goal of …

Ceylinco Life investment income grows by 16-pct to Rs.2.9Bn in Q1 2019

May 21, 2019 (LBO) - Steady growth of its life insurance business and strong investment gains have enabled Ceylinco Life to generate total income of …