Central Bank to impose withdrawal restrictions for deposits of The Finance Company
Feb 15, 2019 (LBO) – Sri Lanka's Central Bank has proposed regulatory measures including suspension of accepting new deposits, restrictions on …
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US Coast Guard trains Sri Lankan Port officials to improve port security
Feb 15, 2019 (LBO) – The US Coast Guard (USCG) recently conducted a training program on security capacity building at the Port of Colombo with …
EU opposes death penalty; €2.2bn exports under GSP+ from June 2017 – May 2018
Feb 15, 2019 (LBO) – The European Union (EU) has reiterated its opposition to the use of the death penalty in all circumstances and encouraged Sri …
MTD Walkers (KAPI) on the verge of collapse suffers another Rs1.5bn quarterly loss
February 15, 2019 (LBO) - Continuing its seemingly endless spiral into the inevitable abyss, CSE listed construction firm MTD Walkers (KAPI) reported …
Sri Lanka growth at 3.5-pct in 2019 : Room to be better managed : World Bank
Feb 15, 2019 (LBO) - World Bank Vice President, South Asia Region, Hartwig Schafer says that he finds the island facing a challenging macroeconomic …
Sri Lanka Development Update: Navigating Sri Lanka’s demographic change
Feb 14, 2019 (LBO) – The latest edition of the World Bank’s Sri Lanka Development Update (SLDU) finds the island in a challenging macroeconomic …
ADB, SL Uni’s ink deal of USD145Mn for science and tech higher education
Feb 14, 2019 (LBO) - The Asian Development Bank (ADB) and four Sri Lankan universities signed project agreements totaling US 145 million dollars …
Sri Lanka Trade Min. launches digital platform for small, informal biz
Feb 14, 2019 (LBO) - Sri Lanka has began work on the first national digital data bank for its SMEs and entrepreneurs recently with the backing of a …
Sri Lanka PM launches island’s first social innovation lab
Feb 14, 2019 (LBO) - The Citra Social Innovation Lab, co-developed by the Ministry of Science, Technology and Research and the United Nations …
World Bank Vice President arrives in Sri Lanka to support country’s reform plans
Feb 13, 2019 (LBO) – The World Bank Vice President for the South Asia Region, Hartwig Schafer arrived today on his first visit to Sri Lanka to …
Sri Lanka to host World Surf League qualifying series 6000 in Arugam Bay
Feb 13, 2019 (LBO) – With the growing success as a surfing destination, Sri Lanka has received the opportunity to host the World’s most …
DFCC becomes first Sri Lankan bank to be certified for Visa’s QR Payment Solution
DFCC Bank created history by becoming the first bank in Sri Lanka to be certified for Visa’s QR Payment Solution. A ceremony was held recently at …
Frontier Capital Partners to launch AI ChatBot to cater Tuk Tuk industry
Sri Lanka’s post war era emerging investment banker Frontier Capital Partners - that transferred some of the country’s prominent group companies …
Sri Lanka unemployment at 4.1-pct in Q3 2018
Feb 13, 2019 (LBO) - The number of unemployed persons is estimated as 346,998 during the third quarter 2018 or 4.1 percent, the Department of Census …
Sri Lanka’s Access Engineering records Rs.1.6Bn PAT for nine months
Feb 13, 2019 (LBO) - Access Engineering PLC, releasing its interim financial statements for the nine months December, 31 2018 said the company has …
Sri Lanka’s industrial production up by 1.2-pct in Dec 2018
Feb 13, 2019 (LBO) - The volume of industrial production in Sri Lanka has increased by 1.2 percent in the month of December, 2018 compared to the …
Sri Lanka and Thailand to promote bilateral tourism
Given the close cultural and religious ties between Sri Lanka and Thailand, measures are being taken to promote bilateral tourism between the two …
Hayleys records third quarter PBT of Rs.1.7Bn
Feb 12, 2019 (LBO) - Sri Lankan multinational, Hayleys PLC, recorded a strong all-round performance in the third quarter of 2018 (3Q18), as the Group …
Sri Lanka tourist arrivals up 2.2-pct in Jan 2019
Feb 12, 2019 (LBO) - The total number of international tourist arrivals to Sri Lanka during January 2019 was 244,239. In comparison to January 2018, …
Central Bank clarifies issues on sale of ETI Finance Ltd
Feb 12, 2019 (LBO) - Sri Lanka's Central Bank says it has come to the notice of the Bank that some misinformation is circulating pertaining to ETI …
Fuel prices increased but no room to increase transport charges: Finance Ministry
Feb 11, 2019 (LBO) – Government today revised the fuel prices and accordingly the prices of one liter of Petrol Octane 92 and the Auto Diesel have …
Mangala wants to change state media into public service media; committee appointed
Feb 11, 2019 (LBO) – Sri Lanka’s Finance and Media Minister Mangala Samaraweera today appointed a committee to look into the possibility of …
BOI signs deal with Bellevue to build tallest building outside Colombo district
Feb 11, 2019 (LBO) – Sri Lanka’s BOI has signed an agreement with Bellevue Residencies Private Limited to build a mixed development project for a …
Sri Lanka stocks wake up, foreigners active but still net sellers
February 11, 2018 (LBO) - The Sri Lankan stock market has at least for today, awoken from its seemingly endless slumber. The Colombo Stock Exchange …