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CSE to conduct a full day of trading from the Disaster Recovery site tomorrow

The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery Site using ATS Version 7 Disaster Recovery …

Sri Lanka assures lenders that debt payments will be met on due dates

Nov 21, 2018 (LBO) – Sri Lanka's government said it wishes to assure all lenders that all dues will be met on the due dates as has been the …

Sri Lanka’s Central Bank says Moody’s latest rating decision is unfounded

Nov 21, 2018 (LBO) – Sri Lanka's Central Bank on Wednesday said that it is of the view that the decision by Moody's to downgrade Sri Lanka's …

Janashakthi Insurance appoints Prakash Schaffter as its Executive Chairman

Janashakthi Insurance PLC announced the appointment of renowned business leader Prakash Schaffter as its Executive Chairman. Mr. Schaffter, who has …

Foreign Minister attends swearing-in ceremony of Maldives President

Foreign Minister Dr. Sarath Amunugama led the Sri Lanka delegation to the swearing-in ceremony of President Ibrahim Mohamed Solih of the Maldives on …

Moody’s downgrades ratings of BOC, HNB, Sampath Bank; changes outlooks to stable

Nov 21, 2018 (LBO) – Moody's Investors Service has downgraded the long-term local currency deposit and foreign currency issuer ratings of Bank of …

Sri Lanka’s political crisis puts IMF loan negotiations on hold

Nov 21, 2018 (LBO) - The International Monetary Fund (IMF) loan facility to Sri Lanka, approved in mid-2016, has been put on hold due to the islands …

Sri Lanka lubricant market share shifting: Report

Nov 21, 2018 (LBO) - Sri Lanka's lubricant market dynamics are shifting with market share of Chevron and Indian Oil dipping, a new report shows. …

Sri Lanka is on the brink of economic anarchy and chaos: Mangala

Nov 20, 2018 (LBO) – Sri Lanka's former Finance Minister Mangala Samaraweera says that Sri Lanka is on the brink of economic anarchy and chaos as …

Moody’s downgrades Sri Lanka ratings to B2 amid political crisis

Nov 20, 2018 (LBO) – Moody's Investors Service has downgraded the Government of Sri Lanka's foreign currency issuer and senior unsecured ratings …

Neil Umagiliya assumes duties as Bank of Ceylon’s new Chairman

Nov 20, 2018 (LBO) - N.A. Umagiliya was appointed as the Chairman, Bank of Ceylon and assumed office on Monday 19th November 2018 as the 25th …

Party leaders agree to appoint Committee of Selection: Deputy Speaker

Nov 19, 2018 (LBO) – Sri Lanka's Deputy Speaker Ananda Kumarasiri on Monday informed the Parliament that the party leaders have agreed to appoint …

Prosperity Index show gains in North Western, Sabaragamuwa, Southern and Western provinces

Nov 19, 2018 (LBO) - Sri Lanka Prosperity Index (SLPI), increased to 0.771 in 2017 from 0.661 recorded in 2016, mainly due to improvements in …

H One launches machine management solution for apparel industry

Nov 19, 2018 (LBO) - H One, a IT solutions provider, launched Res.Q| MI; an all-encompassing machine management solution designed with both large …

Sri Lanka’s noble Police – Iconic image of Sri Lanka’s constitutional crisis

November 17, 2018 (LBO) - Pelted with bottles of water mixed with chilli paste. buy abilify online …

ComBank allows credit cardholders to settle balances with any debit/credit card

The Commercial Bank of Ceylon has introduced another first in online banking in Sri Lanka, making it possible for the Bank’s Credit Card holders to …

Norway provides USD 3.5 mn for local empowerment through ILO

Nov 16, 2018 (LBO) – Norway extended to support up to 30 million NOK (3.5 million USD) to expand the ongoing project on “Local Empowerment …

Fitch Affirms Sunshine Holdings at ‘A-(lka)’; Outlook Stable

Nov 16, 2018 (LBO) - Sri Lanka-based Sunshine Holdings PLC's National Long-Term Rating has been affirmed at 'A-(lka)' with a stable outlook, Fitch …

Ceylinco Life appoints new Chairman and MD

Nov 16, 2018 (LBO) - Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of R. Renganathan, the Company’s managing …

Sri Lanka’s Altair adjudged best condo in Asia for architectural design

Nov 16, 2018 (LBO) - Sri Lanka’s Altair has beaten condominium developments in 15 countries in Asia including Singapore, Hong Kong, Japan, China …

Sri Lanka business chambers call for urgent action to resolve political situation

Nov 15, 2018 (LBO) – Sri Lanka business chambers have called upon all those responsible to accord the highest priority to national interest and …

Finance Ministry says Asite Talwatte appointed as a Director of NSB

Asite Talwatte, a top professional and a veteran in the Corporate world has been appointed to the Board of National Savings Bank by the Minister of …

Janashakthi Life continues to deliver steady growth in Q3

Janashakthi Insurance PLC (Janashakthi) continued on its growth journey, registering a Gross Written Premium (GWP) of Rs.2.2 billion as at 30th …

Sri Lanka Parliament adjourns; political crisis turns into a deadlock

Nov 15, 2018 (LBO) – Sri Lanka’s Parliament adjourned till tomorrow amidst a tense situation erupted in the house after Parliamentarian Lakshman …