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Sri Lanka President appoints more non-cabinet ministers

Jan 11, 2019 (LBO) - Three more parliamentarians have been sworn in by President Maithripala Sirisena to Sri Lanka's government. Issuing a statement …

EMUI 9 is coming to Huawei P20 and Nova Series 3

(PRESS RELEASE) As an exciting year for HUAWEI the promise of an update for the HUAWEI Nova and P20 series is already on its way. The EMUI 9, …

Fuel prices to be reduced fourth straight time from midnight

Jan 10, 2019 (LBO) – Sri Lanka's government has decided to reduce the Petrol and Diesel prices by 2 rupees per liter each with effect from midnight …

Chinese Ambassador reiterates support to develop Sri Lanka economy

Jan 10, 2019 (LBO) – Finance Minister Mangala Samaraweera met with the Chinese Ambassador Cheng XueYuan and the delegation at the Treasury today, …

Commercial Bank obtains Payment Card Industry Data Security Standard certification

The Commercial Bank of Ceylon has obtained the prestigious Payment Card Industry Data Security Standard (PCI-DSS) certification from SISA Payment …

Sri Lanka GDP growth up 4.1-pct, Global slows to 2.9-pct : World Bank

Jan 10, 2019 (LBO) - Sri Lanka Gross Domestic Product growth is anticipated to speed up slightly to 4 percent in 2019, supported by robust domestic …

FM to meet IMF Managing Director in Washington on IMF Fund Facility

Jan 09, 2019 (LBO) – Minister Mangala Samaraweera will leave for Washington on Friday, to get the IMF External Fund Facility (EFF) back on track, …

No one knows what will happen to economy in the coming months: MR

Jan 09, 2019 (LBO) – Leader of the Opposition, Parliamentarian Mahinda Rajapaksa says that the country faces three major dangers as the country …

Reserve Bank of India agrees to provide USD400mn SWAP to Central Bank

Jan 09, 2019 (LBO) – Reserve Bank of India (RBI) has agreed to provide 400 million US dollars to the Central Bank of Sri Lanka under its SAARC SWAP …

Opinion: “Banking is necessary; banks are not” – Bill Gates

By Taamara de Silva To those who say that Apple did not kill the music industry, being forced to buy the entire music album did, Amazon did not kill …

Deepthie Wickramasuriya joins the Board of Vidullanka PLC

Vidullanka PLC announced the appointment of Ms.buy doxycycline online buy doxycycline online no prescription Deepthie Wickramasuriya to the Board of …

Democracy Index 2018: Sri Lanka ranking falls more than others in region after crisis

Jan 09, 2019 (LBO) – Sri Lanka’s democracy ranking has fallen more than any other country in the region with a marked decrease in its score from …

Chinese payment solution ‘WeChat Pay’ acceptance launched by Commercial Bank

Chinese tourists visiting Sri Lanka now have the added benefit of purchasing goods and services and paying for them through ‘WeChat Pay’ – one …

Mastercard evolves its brand mark by dropping its name

Mastercard announced that it is dropping its name from its iconic brand mark in select contexts. The interlocking red and yellow circles, referred to …

Cabinet approves Appropriation Bill; budget deficit 4.8-pct of GDP

Jan 08, 2019 (LBO) – Sri Lanka's Finance Ministry said the approval of the cabinet was granted to the Appropriation Bill 2019, submitted by the …

BOI signs agreement for USD1.8mn warehousing & logistic project in Malwana

Jan 08, 2019 (LBO) – Sri Lanka's Board of Investment has signed an agreement with Skylift Container Depot and Logistics to set up a facility that …

Birth, Death and Rebirth of Jaffna’s Moolai Cooperative Hospital

By Jekhan Aruliah In the North-West corner of the Jaffna Peninsula close to the causeway to Karainagar Island is the small village of Moolai. It is a …