All News

Sri Lanka’s govt gets USD 50Mn loan from OPEC fund for international development

Jul 09, 2018 (LBO) - Sri Lanka's government signed a loan agreement for obtaining financial assistance of US 50 million dollars from OPEC fund for …

ADB grants US 9.5Mn for Govt’s women entrepreneurs finance initiative

Jul 09, 2018 (LBO) - The Asian Development Bank has signed an grant agreement of US 9.5 million dollars  for the Women Entrepreneurs Finance …

Another down week at the CSE; Foreign selling continues

July 7, 2018 (LBO) - Sri Lanka stocks finished the week lower.  Socks hit 2018 lows on Wednesday before bouncing on Thursday and Friday. The ASPI …

Fuel pricing chaos: Gov Info Dept says CPC will sell fuel at previous rates

July 06, 2018 (LBO) – Government Information Department says the Ceylon Petroleum Corporation has decided to sell fuel at the previous rates. …

Udaya Seneviratne assumes duties as Presidents secretary

Jul 06, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena has appointed Udaya Seneviratne as his new secretary following the resignation of …

Pradeep Moraes of Altair named Sri Lanka Real Estate Personality of the Year

The PropertyGuru Asia Property Awards (Sri Lanka) competition, which is being held for the very first time in Colombo on 12 July 2018, has chosen its …

Free man with a free conscience – Austin Fernando’s farewell speech

July 6, 2018 (LBO) - Secretary to the President and lifelong public servant Austin Fernando’s farewell speech reproduced in full from the Colombo …

Janashakthi and ayubo.life partner to spread the benefits of wellness

Revolutionizing Insurance consumption, Janashakthi Life is partnering with ayubo.life to provide their corporate policyholders with the renowned …

JO MP Tharaka Balasuriya says improve the National Audit Bill

July 6, 2018 (LBO) - In a recent speech in Parliament the JO’s leading economic voice, Hon. Tharaka Balasuriya MP, offered significant constructive …

Fuel prices increased; consumer rights activists want price formula public

July 06, 2018 (LBO) – Sri Lanka’s Finance Ministry has increased fuel prices of the Ceylon Petroleum Corporation with effect from midnight …

Sri Lanka gross official reserves improve to USD 9.2 bn by end June

July 06, 2018 (LBO) – Sri Lanka’s gross official reserve position is estimated to have improved to around 9.2 billion US dollars by end June …

Central Bank maintains policy interest rates at current levels

July 06, 2018 (LBO) – Monetary Board of the Central Bank, at its meeting held on 05 July 2018, has decided to maintain policy interest rates at …

CA Sri Lanka, CMA & AAT unveils ‘Creating a Profession Par Excellence’

Global accounting body president in high praise of Sri Lankan accounting bodies President of the International Federation of Accountants (IFAC), Ms. …

Perpetual Treasuries suspension of business extended by 6 months

July 05, 2018 (LBO) – Monetary Board of the Central Bank acting in terms of the regulations made under the Registered Stock and Securities …

Sri Lanka’s expenditure on tobacco use surpasses GSP+ export income

July 05, 2018 (LBO) – Sri Lankan consumers’ annual expenditure on cigarettes and tobacco is so high it surpasses the annual export revenue from …

Sri Lanka retains Tier 2 ranking in US Trafficking in Persons Report

July 05, 2018 (LBO) – Sri Lanka retained its Tier 2 ranking in the US State Department Trafficking in Persons (TIP) Report for the second …

Sri Lanka continues upward trend in tourist arrivals: June up 19.0-pct

Jul 05, 2018 (LBO) - Sri Lanka's tourist arrivals was up 19.0 percent to 146,828 in June 2018 from an year ago driven by the islands two largest …

‘The Frozen Fire’, first Sri Lankan movie to enter mainstream category at Oscars

Jul 05, 2018 (LBO) -  For the first time in the history of Sri Lankan film industry, a movie from the local industry will vie for Oscars 2019. The …

Stocks continue slide to new 2018 lows as turnover dries up

July 4, 2018 (LBO) - The Colombo Stock Exchange continued its 2018 slide as stocks finished at new lows for the year.  Both major stock market …

Media Minister condemns attacks on journalists contributed to NYT report

July 04, 2018 (LBO) – Sri Lanka’s Media Minister on Wednesday condemned recent attacks on two Sri Lankan journalists who contributed to the New …

Sri Lanka to obtain 100bn yen from MUFG Bank for Central Expressway phase 3

July 04, 2018 (LBO) – Cabinet has approved a proposal presented by Prime Minister to enter into an agreement with MUFG Bank in Japan to obtain 100 …

Cabinet awards Rs1.5bn contract to ACL Cables for supplying aerial conductors

July 04, 2018 (LBO) – Sri Lanka’s cabinet of ministers has approved a proposal to award a contract of supplying 2,500 km of aerial bundle …

JKH hits post war valuation lows as second Balendra era beckons

Jul 04, 2018 (LBO) - The Colombo Stock Exchange has had a tough 2018, and there is no stock where this is more apparent than John Keells Holdings …

Outgoing US ambassador to Sri Lanka meets Speaker Karu Jayasuriya

Outgoing United States Ambassador to Sri Lanka Atul Keshap has met Speaker Karu Jayasuriya