HNB Group records PBT of Rs 3.4Bn in 1Q 2019
May 14, 2019 (LBO) - Hatton National Bank posted a profit before tax of 3.3 billion rupees and a profit after tax of 2 billion rupees for the first …
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Sri Lanka blocks Twitter for first time to prevent sharing harmful information
May 14, 2019 (LBO) – Sri Lankan authorities have taken steps to temporarily block the Twitter platform for the first time to stop sharing harmful …
IMF approves extension & USD164mn disbursement; grants waivers to Sri Lanka for performance criteria
May 14, 2019 (LBO) – The Executive Board of the International Monetary Fund has completed the fifth review of Sri Lanka’s economic performance …
Ruwan Wijewardene appointed acting Defence Minister as President travels to China
May 13, 2019 (LBO) - Sri Lanka's State Minister of Defence Ruwan Wijewardene has been appointed as the acting Defence Minister in coordination with …
US-China trade tensions: Fitch says further tariff escalation would hamper global growth
May 13, 2019 (LBO) – The US decision to increase tariffs to 25 percent on an additional 200 billion dollars of imports from China marks a …
Justice Minister rejects claims that US diplomat interfered with Sri Lankan Judiciary
May 13, 2019 (LBO) – Sri Lanka’s Justice Minister Thalatha Athukorale yesterday condemned the allegations made by Udaya Gammanpila in Parliament …
Sanken promotes property market at Singapore International Expo
May 13, 2019 (LBO) - Capitol TwinPeaks, a venture of Sanken Group, showcased their project at the SMART Investment and International Property Expo in …
First Session of political consultations between Sri Lanka and Turkey concludes in Colombo
May 13, 2019 (LBO) - The first session of political consultations between Sri Lanka and Turkey with a new road map for enhanced cooperation in …
Macquarie CEO Shemara Wikramanayake’s pay tops $ 18mn
May 12, 2019 (LBO) - Shemara Wikramanayake, CEO of global investment bank Macquarie, earned over $18mn in the last fiscal year. Her total annual …
Five key policy lessons from the terror attacks in Sri Lanka
By: Ganeshan Wignaraja Over 250 people died in last month’s IS-linked Easter bombings in Sri Lanka, making it one of the worst terror attacks …
Nirj Deva seeking a 5th term in the European Parliament
May 11, 2019 (LBO) - Niranjan Deva Aditya, more commonly known as the Hon. Nirj Deva, is seeking a fifth term in the European Parliament elections …
Foreigners flee Sri Lankan bonds with Rs11bn outflows this week
May 10, 2019 (LBO) - Foreign institutional selling of Sri Lanka's government bonds picked up pace in the past week with approximately Rs11bn …
Softlogic Restaurants ranked among Asia’s Best Workplaces in 2019
Softlogic Restaurants Pvt Ltd., part of the Softlogic group of companies, and the Master Franchisee in Sri Lanka for global brands Burger King, …
Sri Lanka’s National tea sales average down in April 2019
May 09, 2019 (LBO) - Sri Lanka’s tea sales for the month of April 2019 showed a decrease when compared with the same period last year, a new …
Rs.1.36Bn takeover of People’s Merchant Finance by Sterling Capital
May 09, 2019 (LBO) - Sterling Capital Investments has completed a 1.36 billion rupee takeover of People’s Merchant Finance (PMF), a statement …
Suwa Seriya ambulance service launches 1990 Mobile App
May 08, 2019 (LBO) – The “1990 Suwa Seriya” pre-hospital care ambulance service today launched its new Emergency Dispatch Management (EDM) …
CA Sri Lanka Library goes digital giving professionals & students 24/7 access
The library of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) heralded a new era in digital transformation last week, as it …
Sri Lanka discusses partnership modalities for proposed Oil Refinery with Oman
May 08, 2019 (LBO) – Sri Lankan government has carried out discussions with the Omani counterparts on the possible modalities of strategic …
Govt announces debt relief for tourism sector
May 08, 2019 (LBO) - Sri Lanka's government and cabinet yesterday gave a heads up for a ‘relief package’ to strengthen the tourism industry …
Sri Lanka to invest Rs.450Mn in Tourism PR campaign after attacks
May 08, 2019 (LBO) - Sri Lanka Tourism is due to launch a two-month public relations campaign in a bid to counter the negative impact from the …
Sri Lanka allows duty free import of security equipment
May 08, 2019 (LBO) - State Minister of Finance Eran Wickramaratne announced the Government has decided to waive of duty on the import of of latest …
SriLankan appoints new Chief Commercial Officer & Chief Financial Officer
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the prestigious oneworld alliance, has appointed Mr. Joshua Bustos as its Chief …
SriLankan Airlines appoints a new CCO and CFO
May 07, 2019 (LBO) - SriLankan Airlines has appointed Joshua Bustos as its chief commercial officer and Shaminda Samaraweera as its chief financial …
Update: Foreign national casualties at Apr 21st attacks in Sri Lanka
May 07, 2019 (LBO) - The death toll of foreign nationals killed in the Easter Sunday attacks as of Monday, 06 May 2019 1900 hours has been confirmed …