Sri Lanka to open VAT refund counter for tourists at Bandaranaike Airport
Sept 10, 2018 (LBO) – Sri Lanka’s Finance Ministry is to open a special counter at the Bandaranaike International Airport to implement the new …
All News
SriLankan Catering posts 3.9 billion rupees net profit in 2017/18
SriLankan Catering Ltd. has recorded a steady financial performance for the financial year ended 31st March 2018 with a 26% year-on-year growth in …
Ex-Facebook exec Chamath Palihapitiya’s venture firm is ‘imploding’: Report
Sept 10, 2018 (LBO) – Palo Alto-based venture capital firm Social Capital is "imploding," according to a report in Axios by the venture capital …
Jack Ma releases letter on retirement/transition from Alibaba
September 10, 2018 (LBO) - Alibaba Executive Chairman Jack Ma released a letter to shareholders announcing his planed transition, and eventual exit …
Recommendations for positioning Sri Lanka as attractive FDI destination: AMCHAM/STAX
Sept 10, 2018 (LBO) - AMCHAM, in collaboration with STAX, recently launched the 2018 whitepaper ‘FDI Landscape and Investor Sentiment in Sri …
Sri Lanka PM leaves to attend World Economic Forum of ASEAN in Hanoi
Sept 10, 2018 (LBO) - Prime Minister Ranil Wickremesinghe left for Hanoi, Vietnam on a three-day official to attend the World Economic Forum on the …
Impact of imposition of VAT on condominium sales: JLL report
Sept 10, 2018 (LBO) - In the wake of continuing uncertainty with regard to the effective date on the reintroduction of Value Added Tax (VAT) on …
Cigarette smuggling still booming, fuelling criminality: report
Smuggled market share is around 14 to 18% for cigarettes, which translate to 500 to 700 million sticks. A 40-foot container of smuggled cigarettes …
CEB and PUCSL call truce : Entities developing common platform to approve generation plan
Sept 10, 2018 (LBO) - Ceylon Electricity Board (CEB), the state utility who provide electricity for Sri Lanka and its regulator the Public Utilities …
Struggling listed Anilana Hotels (ALHP) loses Rs84mn in the June quarter
September 9, 2018 (LBO) - Colombo Stock Exchange listed Anilana Hotels (ALHP) continued to struggle losing Rs84mn in the quarter ended June 30, 2018. …
Jegan Durairatnam appointed to Asian Hotels board as Independent Non-Executive Director
September 9, 2018 (LBO) - Former Commercial Bank CEO Jegan Durairatnam has been appointed as an Independent Non-Executive Director at Colombo Stock …
Colombo Port tops Alphaliner global container port rankings for first time
Sept 09, 2018 (LBO) – Colombo Port has been ranked as the fastest growing container port out of 30 major ports in the world for the first half of …
$ 360mn flows out of Sri Lankan markets so far in 2018
September 9, 2018 (LBO) - As money moves out of emerging market stocks and bonds all over the world, Sri Lanka is also falling victim to the …
Elon Musk rattles the markets with 2 hour long interview; Video embedded
September 9, 2018 (LBO) - Elon Musk sent shockwaves through the markets after his interview with infamous podcaster Joe Rogan. online pharmacy buy …
Hanaa Singer assumes duties as UN Resident Coordinator in Sri Lanka
Sept 07, 2018 (LBO) – Hanaa Singer, presented her credentials to President Maithripala Sirisena as the new United Nations Resident Coordinator and …
CA Sri Lanka launches auditing standard for Non Specified Businesses; first in South Asia
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), recently launched the Sri Lanka Auditing Standard (SLAuS) for the Audits of Non …
Teplitz confirmed by the U.S. Senate as the next American Ambassador to Sri Lanka
September 7, 2018 (LBO) - Alaina Teplitz has been confirmed by the U.S. Senate as the next ambassador to Sri Lanka. Teplitz is a career foreign …
USAID partners with local banks to increase lending for small businesses
Sept 07, 2018 (LBO) – US Agency for International Development (USAID) has partnered with Sri Lankan banks to announce nine million US dollars worth …
Ruwan says JO protest a failure, Namal says have elections, Sajith says he’ll bring 100,000, Colombo residents say please don’t
September 7, 2018 (LBO) - After much buildup, all sides are trying to spin the results of the JO protests that shut down the city.buy zydena online …
Sky One residencies launched in Colombo
Sep 07, 2018 (LBO) - Sky-One residencies to be constructed on a land area of approximately 143 perches and due completion in 2021 was launched in …
Sri Lanka stock bellwether JKH trades just Rs30,000 as market turnover dries up
September 6, 2018 (LBO) - The Colombo Stock Exchange had one of its slowest trading days in some time, the day after protests shut down the city. …
Asoka Sirisena re-elected President of Sri Lanka Insurance Institute
Sept 06, 2018 (LBO) - Asoka Sirisena,senior deputy general manager, technical of Ceylinco Life Insurance Limited was re-elected as the President for …
Fitch assigns Co-operative Insurance first-time BBB+(lka) rating
Fitch Ratings has assigned Sri Lanka-based Co-operative Insurance Company Limited (CICL) a National Insurer Financial Strength (IFS) Rating and …
Tourist arrivals to Sri Lanka up 5-pct in August with largest source from India
Sept 06, 2018 (LBO) – Tourist arrivals to Sri Lanka were up five percent to 200,359 in August 2018 from a year earlier, official data showed. This …