Harsha defensive after social media backlash on request for austerity
September 29, 2018 (LBO) - State Minister of Economic Affairs Dr. Harsha De Silva has been embroiled in a firestorm of backlash over comments …
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Current policy stance desired, less probability for a rate hike: First Capital Research
Sept 29, 2018 (LBO) – First Capital Research believes that a policy rate change is not required at this moment considering the prevailing economic …
Facebook resets log in tokens of 90 million users after attackers exploited system
Sept 29, 2018 (LBO) – Facebook has discovered a vulnerability that affected almost 50 million accounts after an external actor exploited their …
Opinion: Central Bank intervention likely to exacerbate foreign selling of Sri Lanka bonds
September 29, 2018 (LBO) - The main subject of discussion on the Colombo cocktail circuit has been the Sri Lanka Rupee (LKR) and its significant …
MTD Walkers (KAPI) restructures debentures due September 30th, changes auditors
September 28, 2018 (LBO) - In Colombo Stock Exchange (CSE) filings filings released today, listed construction company MTD Walkers (KAPI), announced …
Construction work of Sri Lanka’s first LNG power plant to begin next month
Sept 28, 2018 (LBO) – Construction work of Sri Lanka’s first liquified natural gas (LNG) fuelled power plant will be commenced in Hambantota next …
IMF staff mission concludes visit to Sri Lanka; stresses on reforms
Sept 28, 2018 (LBO) – Authorities should accelerate reforms to strengthen the Sri Lankan economy’s resilience to domestic and external shocks, …
SEC charges Elon Musk with securities fraud for misleading tweets about Tesla
Sept 28, 2018 (LBO) – The United States Securities and Exchange Commission (SEC) today charged Elon Musk with securities fraud for a series of …
ADB provides USD300Mn for elevated highway
Sept 28, 2018 (LBO) - The Asian Development Bank’s (ADB) has approved a US 300 million dollar loan to help in the construction of about 5.3 …
Sri Lanka launches first social impact funds to support social entrepreneurs
Sept 27, 2018 (LBO) – Two Memoranda of Understanding were signed today in New York, launching Sri Lanka’s first social impact funds aimed at …
Sri Lanka’s online travel company findmyfare raises USD2mn funding
findmyfare.com Sri Lanka’s largest and fastest growing online travel company, is flying high with the recent news of their raising series B funding …
US BUILD act passes House; aims to counter China’s debt-trap diplomacy
Sept 27, 2018 (LBO) – United States House of Representatives have approved the inclusion of the Better Utilization of Investments Leading to …
Shareholders of Morison reject resolution to delist from CSE
Sept 27, 2018 (LBO) – Morison PLC said in a stock exchange filing that their resolution to delist the company from the Colombo Stock Exchange was …
Swarovski opens its doors in Sri Lanka with business partner Softlogic
Swarovski officially opens its doors in Sri Lanka bringing its heritage and craftsmanship in crystal to Colombo City Centre at No.137, Sir James …
Aussie journalist delves into new Macquarie chief Shemara Wikramanayake’s colourful family
September 27, 2018 (LBO) - Australian journalist Aaron Patrick has published a detailed exploration of the Sri Lankan family history of Shemara …
FM statement on misreporting of CID investigation regarding Namal Kumara
Sept 27, 2018 (LBO) - The Criminal Investigation Department (CID) is conducting investigations into serious allegations of an alleged conspiracy to …
OPINION: 90,000 Northern families in shanties or homeless. What happened to Govt. promised housing?
By Jekhan Aruliah In October last year I had the privilege of participating in the blessing of a new water well in the Killinochchi District of the …
Uncertainty surrounds MTD Walkers (KAPI) upcoming Rs2.1bn debenture maturity
September 26, 2018 (LBO) - Colombo Stock Exchange (CSE) listed MTD Walkers (KAPI) has left debt market investors on the edge with regard to the …
NDB rights issue in question as shares trade below rights issue price of 105
September 26, 2018 (LBO) - The woes of the Colombo Stock Exchange (CSE) threaten to disrupt the capital raising efforts of one of Sri Lanka's most …
Collapse of rupee and yahapalana govt.’s economic mismanagement: MR
Sept 26, 2018 (LBO) - The Rupee has depreciated steadily against the US Dollar ever since the yahapalana government came into power - a trend which …
Sri Lanka’s looks at adaptive social protection to protect poor,vulnerable from disasters
Sept 26, 2018 (LBO) - The key concerns for Sri Lanka are less about extreme poverty; and more about vulnerability to an array of risks like disaster …
Appropriation Bill to parliament second week of October
Sept 25, 2018 (LBO) - Sri Lanka's cabinet has approved the Appropriation Bill proposed by Finance Minister Mangala Samaraweera, to be presented in …
President to address UN General Assembly today
Sept 25, 2018 (LBO) - President Maithripala Sirisena arrived in New York to attend the 73rd Session of the United Nations General Assembly (UNGA), …