All News

Fitch downgrades ratings of SriLankan Airlines bond & Sri Lanka Telecom

Dec 05, 2018 (LBO) – Fitch Ratings has downgraded the ratings on SriLankan Airlines 175 million US dollars government-guaranteed bonds due in June …

CK Hutchison and Etisalat complete combination of their operations in Sri Lanka

Dec 05, 2018 (LBO) - Emirates Telecommunications Group Company PJSC (“Etisalat Group”) has completed the sale of its 100 percent shareholding …

We are not willing to use elections to bypass the constitution – Ranil

December 5, 2018 (LBO) - Leader of the UNP Ranil Wickremesinghe in a press conference today at Temple Trees reiterated his party's firm stance that …

Central Bank of Sri Lanka hosts 54th SEACEN Governors’ Conference

The Central Bank of Sri Lanka hosted the 54th SEACEN Governors’ Conference / High-Level Seminar and the 38th Meeting of the SEACEN Board of …

Sri Lanka’s Central Bank disputes rating agencies’ latest rating decisions

Dec 04, 2018 (LBO) – Sri Lanka's Central Bank says it is of the view that the decisions by Fitch Ratings and Standard and Poor’s (S&P Global …

Cruise ships calling Port of Colombo up 29-pct in 2018

Dec 04, 2018 (LBO) – A remarkable growth of cruise ships calling at the Port of Colombo has been reported in this year, Sri Lanka Ports Authority …

Fitch downgrades Sri Lanka to ‘B’ amidst political crisis; outlook stable

Dec 04, 2018 (LBO) – Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B+', with a …

GSK to divest Horlicks and other consumer healthcare nutrition products to Unilever

Dec 03, 2018 (LBO) - GlaxoSmithKline plc (LSE/NYSE: GSK) today announced the divestment of Horlicks and other consumer healthcare nutrition brands …

Appeal Court issues interim order preventing PM & Cabinet from functioning

Dec 03, 2018 (LBO) – Sri Lanka's Court of Appeal on Monday issued an interim order restraining Prime Minister Mahinda Rajapaksa and the Cabinet …

SriLankan gets approval to conduct base maintenance operations on A330 aircraft

Dec 03, 2018 (LBO) – European Aviation Safety Agency (EASA) has approved SriLankan Engineering to carry out base maintenance operations on Airbus …

High Commissioner of Sri Lanka in UK calls on Commonwealth Sec-Gen

The newly appointed High Commissioner of Sri Lanka in the United Kingdom Manisha Gunasekera called on the Commonwealth Secretary-General Patricia …

Sri Lankan IT-BPM delegation visits Sydney for market expansion

In collaboration with the Consulate General of Sri Lanka in Sydney, seven IT-BPM companies led by Information and Communication Technology Agency …

Foreign selling of Sri Lanka’s stocks and bonds top $ 800mn as constitutional crisis drags on

December 3, 2018 (LBO) - Foreign selling of Sri Lanka's stocks and bonds continues at a brisk pace in 2018 with net foreign outflows topping Rs145bn …

Sri Lanka’s Aitken Spence commences 150 years celebrations

Aitken Spence inaugurated its 150th Anniversary Celebrations with a religious blessings ceremony that commenced on Friday, 30th November.buy …

Dialog & Ideamart launch NB-IoT Development Board to accelerate innovations

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, and Ideamart, a platform for developers and content providers, announced the …

MR says Executive President has powers to call for general election

Dec 03, 2018 (LBO) - With petitions filed against the dissolution of Parliament fixed for argument on December 4, 5 and 6 disputed Prime Minister, …

Fitch withdraws Sri Lankan Insurers’ National Long-Term Ratings

Nov 30, 2018 (LBO) – Fitch Ratings has affirmed and simultaneously withdrawn the National Long-Term Ratings of all rated Sri Lankan insurers as …

Sri Lanka BOI ink deal for USD29Mn Braybrooke Residential Towers

Nov 30, 2018 (LBO) - Sri Lanka's state investment agency, the Board of Investment signed an agreement with Braybrooke Residential Towers (Pvt) Ltd to …