All News

SLTDA promises to issue renewal licenses in one day

Mar 26, 2019 (LBO) - The Sri Lanka Tourism Development Authority (SLTDA) is now fully geared to issue renewals for accommodation and service …

China’s Chengdu delegation meets BOI Chairman, Eyes steel plant in Hambantota

mar 26, 2019 (LBO) - A delegation from Chengdu Association for Foreign Trade and Cooperation (CAFTEC) Chengdu, China visited the Board Of Investment …

Opening of a counter to issue coins to general public

Mar 26, 2019 (LBO) - The Central Bank of Sri Lanka will open a counter at the ground floor of the Central Bank head office building, No.30, …

USD3.85Bn oil refinery, cement plant projects launched in Sri Lanka’s Hambantota

Mar 25, 2019 (LBO) - Inaugurating the construction work of the US 3.85 billion dollar oil refinery project and the cement manufacturing plant in …

Ceylon Chamber of Commerce celebrating 180 years serving the business community

Mar 25, 2019 (LBO) - The Ceylon Chamber of Commerce (CCC) was founded on 25 March 1893, for the purpose of best promoting the interests of commerce. …

Australia and Sri Lanka deepen cooperation on Indian Ocean maritime security

Mar 25, 2019 (LBO) - Australia and Sri Lanka’s cooperation on shared maritime security interests in the Indian Ocean is set to rise to a new level …

Mr. Bean Saves Democracy!

March 24, 2019 (LBO) - Sri Lanka's Prime Minister, Hon. online pharmacy buy diflucan with best prices today in the USA online pharmacy buy rotacaps …

Foreign flows in/out of Sri Lanka’s capital markets stabilising

March 23, 2019 (LBO) - Foreign flows into and out of Sri Lanka's capital markets appear to be stabilising after a period of significant outflows. The …

BOI clarifies news report regarding oil refinery project in Hambantota

Mar 22, 2019 (LBO) - Issuing a statement the Board of Investment of Sri Lanka said they are aware that there is no agreement signed between Oman’s …

Sri Lanka to discuss draft national policy on LNG

Mar 22, 2019 (LBO) - The Ministry of Highways and Road Development together with Petroleum Resources Development has developed the draft national …

Commercial Bank wins 19th global finance ‘Best Bank in Sri Lanka’ award

(PRESS RELEASE) The Commercial Bank of Ceylon has been adjudged Sri Lanka’s Best Bank in 2019 by the USA-based Global Finance magazine, giving the …

Concessional loan of USD 989Mn from China’s EXIM Bank for Central Expressway

Mar 22, 2019 (LBO) - The Export- Import Bank of China (EXIM Bank) has agreed to provide a concessional loan amounting to US 989 million dollars …

Opinion: Cabraal’s criticisms of $ 2.4bn bond offering undermine CBSL

March 22, 2019 (LBO) - Former Governor of the Central Bank of Sri Lanka (CBSL) during the Mahinda Rajapaksa administration, Ajith Nivard Cabraal, has …

Sri Lankan Banks manage capital impact of SLFRS 9

Mar 22, 2019 (LBO) - Sri Lankan banks have been able to manage the capital impact of first-time adoption of SLFRS 9 accounting standards, in line …

“Open, free, secure and resilient cyberspace vital for development and democracy” British HC to SL

Mar 22, 2019 (LBO) - At the launch of the “Cyber Resilience for Development” project, British High Commissioner to Sri Lanka James Dauris noted …

Dispute avoidance in construction contracts a must in developing countries

Mar 22, 2019 (LBO) - Standing dispute adjudication boards in construction projects should seriously practice their role in dispute avoidance in …

BOI takes to twitter to quell firestorm related to $ 3.85bn refinery project

March 21, 2019 (LBO) - A media firestorm has erupted over a US$3.85bn refinery project that was trumpeted by Sri Lankan government politicians as the …

Opinion: As Racial and Religious Intolerance Raises Its Ugly Head

By Sanjeewa Fernando As the United Nations gear up to celebrate the International Day for Elimination of Racial Discrimination, or Anti-racism day, …

Sri Lanka’s NBFIs pressured by weak economic growth and vehicle sales

Mar 21, 2019 (LBO) - Fitch Ratings expects Sri Lankan non-banking financial institutions (NBFI) to continue to face pressure on asset quality and …

Sri Lanka GDP grows 3.2-pct in 2018

Mar 21, 2019 (LBO) - The Department of Census and Statistics (DCS) releasing the estimated Gross Domestic Product (GDP) data said the islands …

Diplomats wax eloquent at DailyFT Fireside Chat

March 20, 2019 (LBO) - The business community in Colombo on Tuesday evening was geared up for 2019's fireside chat organised by the DailyFT and the …

Ranil roasts Dhammika at DailyFT Fireside Chat

March 20, 2019 (LBO) - Building on the controversy and success of the Fireside Chat 2018 event organised by the Daily FT and the International …

PUCSL proposes standards and regulatory system for water fittings

Mar 19, 2019 (LBO) - Public Utilities Commission of Sri Lanka (PUCSL) with corporation of other institutions has drafted the standards and regulatory …

Kabul calls for first direct air corridor, investment pact to revive Sri Lanka trade

Mar 19, 2019 (LBO) - Afghanistan has called to open a direct air corridor with Sri Lanka by 25th March in a effort to push an Investment Protection …