Fitch rates Seylan Bank’s Basel III sub debt BBB+(lka)(EXP)
Jan 04, 2019 (LBO) – Fitch Ratings has assigned Seylan Bank's proposed Basel III compliant subordinated debentures an expected National Long-Term …
All News
LRT project to kick start in 2019 : Cabinet nod for Japanese aid of USD1850Mn
Jan 04, 2019 (LBO) - Sri Lanka's Finance Ministry says that cabinet approval has been received to go ahead with US 1850 million dollar loan agreement …
FineTech Consultancy appointed as Google Premier Partner for Sri Lanka
Jan 04, 2019 (LBO) – Google’s largest local partner in Sri Lanka since 2010, FineTech Consultancy has been appointed as the only Google Premier …
LankaPropertyWeb.com Acquires Lamudi.lk
Jan 04, 2019 (LBO) - Sri Lanka’s leading property portal LankaPropertyWeb has announced the acquisition of the country’s no.2 property portal …
MBSL announces changes in MIDCAP with year-end index rebalance
In a pioneering move, Merchant Bank of Sri Lanka & Finance PLC (MBSL) constructed a Stock market Index: the "MBSL MIDCAP Index", which measures …
EU Parliamentarians meet Sri Lanka’s Finance Minister
Jan 03, 2019 (LBO) – Two European Union Parliamentary Members Lord William Dartmouth and Geoffrey Van Orden who visited Sri Lanka as members of …
Online property portal LankaPropertyWeb acquires Lamudi.lk
Sri Lanka’s leading property portal LankaPropertyWeb has announced the acquisition of the country’s no.2 property portal lamudi.lk, firmly …
Hemas Pharmaceuticals launches pharmacists skill development program
Leading local pharmaceutical importer and distributor Hemas Pharmaceuticals (Private) Limited in conjunction with the Pharmaceutical Society of Sri …
Opinion: My new year’s wish – a final rest to “ghosts” of years past!
By Chrishmal Warnasuriya G’day from down-under: Our customary few lines that usually accompany my New Year’s wish-list this time comes from the …
Tribute: Senior UN Economist Lakdasa Hulugalle (1932-2018)
January 2, 2018 (LBO) - Christmas Day 2018 saw the passing of Lakdasa Hulugalle at the age of 86. Hulugalle served as a Senior Economist at United …
I think we are understating Sri Lanka’s GDP under new methodology: CB Governor
Jan 02, 2019 (LBO) – Sri Lanka’s Central Bank Governor on Wednesday pointed out that the authorities need to look at carefully whether they are …
Sri Lanka to cut threshold for foreign investment in rupee denominated securities
Jan 02, 2019 (LBO) – Central Bank intends to reduce the threshold for foreign investment in rupee denominated Government securities from 10 percent …
Sri Lanka to complete IMF programme in 2019; reserves at USD6.9bn
Jan 02, 2019 (LBO) – Sri Lanka’s Central Bank Governor remained optimistic that the staff level agreement reached in principle with the IMF on …
Fitch Rates Sampath Bank’s Basel III Sub Debt ‘A(lka)(EXP)’
Jan 02, 2019 (LBO) - Fitch Ratings has assigned Sampath Bank PLC's (A+(lka)/Stable) proposed Basel III compliant subordinated debentures an expected …
Sri Lanka and Nepal to strengthen economic cooperation
Jan 02, 2018 (LBO) - The Embassy of Sri Lanka in Nepal, together with the Nepal- Sri Lanka Chamber of Commerce and Industry organized a programme on …
Jaffna to New York’s Wall Street and back to Jaffna
By Jekhan Aruliah Back in the day Raj Janan’s father was a successful industrialist in Jaffna, owning at various times an aluminium factory, a …
BOI signs agreement for Hospitality Industry Academy
The BOI signed an Agreement with the Australian Academy of Hospitality (AAH) recently. Hemasiri Fernando, chairman, signed on behalf of the Board …
Happy New Year 2019: New Year celebrations around the World
Jan 01, 2019 (LBO) – Major cities around the world kick-started the New Year 2019 with fireworks displays and dazzling performances and shows. …
ComBank issues UnionPay cards for first time in Sri Lanka
The Commercial Bank of Ceylon has become the first Bank in Sri Lanka to issue UnionPay Credit and Debit Cards, the card brand with the largest …
Sri Lanka’s Dialog announce live transmission of South Asia’s first 5G pilot
Jan 01, 2019 (LBO) - Dialog Axiata announced the commissioning of South Asia’s first fully functional and standards compliant 5G transmission using …
HUAWEI’s annual smartphone shipments exceed 200Mn units
Jan 01, 2019 (LBO) - HUAWEI Consumer BG announced recently that its global smartphone shipments for the 2018 year have exceeded 200 million units, …
Sri Lanka inflation 2.8-pct in Dec 2018
Jan 01, 2019 (LBO) - Sri Lanka's Colombo Consumer Price Index was down to 2.8 percent in December 2018 from 3.3 percent in November 2018, data …
Colombo Port handles record breaking 7-millionth container for 2018
Dec 31, 2018 (LBO) – Colombo Port on Monday handled its seven millionth container (TEU) at the Jaya Container Terminal of Sri Lanka Ports Authority …
R H S Samaratunga assumes duties as Secretary to Treasury, Finance & Media
Dr. R.H.S. Samaratunga who has been reappointed as the Secretary to the Treasury, Ministry of Finance and Mass Media assumed duties at the Finance …