SLRA proposed VAT refund system for foreign tourists to be implemented in June
Sri Lanka Retailers’ Association (SLRA) delegation met with Mr. Mano Tittawella - Senior Advisor, Ministry of Finance & Media to discuss …
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Mastercard to transform Sri Lanka’s digital payments landscape with QR
Mastercard unveiled Mastercard’s Merchant Presented QR payment solution in Sri Lanka, a safe and secure Quick Response (QR) based mobile payments …
Ceylinco Life’s 2017 net profit grows to Rs 9.4 billionCeylinco Life’s 2017 net profit grows to Rs 9.4 billion
(PRESS RELEASE) IRCSL-mandated change in basis of valuation of Life Fund generates one-off surplus of Rs 3.456 billion Ceylinco Life has announced …
Sri Lanka adverse weather death toll at 13, Showers to continue
May 24, 2018 (LBO) - Sri Lanka's death toll due to the prevailing adverse weather conditions had increased to 13 as rains are expected to peak on …
Sri Lanka tea exports up in April 2018, Low grown production down
May 24, 2018 (LBO) - Sri Lanka's tea exports for the month of April 2018 showed a gain of 0.7M/kgs when compared with the same period last year while …
Cabinet nod for bonded warehouses
May 24, 2018 (LBO) - Sri Lanka's cabinet of Ministers have approved the establishment of bonded warehouses for pharmaceuticals, dairy products, …
Sri Lanka approves BOT system for state buildings
May 24, 2018 (LBO) - The cabinet has approved to construct public buildings under the Build, Own and Transfer (BOT) system by the private sector, a …
Sri Lanka’s main problem, inability to move from apparel to advanced sectors: Hausmann
Prof. Ricardo Hausmann briefs BOI Staff on Economic development; the way forward discussed Prof. Ricardo Hausmann, Director of the Center for …
Central Bank to create intervention rules for foreign exchange market
May 23, 2018 (LBO) – Sri Lanka’s Central Bank is to introduce several rules, the officials need to follow when they are intervening in the …
Sri Lanka launches new budget Tuk Tuk Hostels
The launch of Tuk Tuk Hostels (TTH) marks a new addition to the budget accommodation offering for tourists in Colombo and embraces the youth hostel …
Kishu Gomes steps down as CEO of Chevron in Sri Lanka
May 23, 2018 (LBO) - Chevron Lubricants Lanka said that Kishu Gomes will be stepping down as Managing Director and Chief Executive Officer of the …
Fin Min says Sri Lanka economy on stable footing; Challenges MR for TV debate
May 23, 2018 (LBO) - Sri Lanka's Finance Minister challenging former President Mahinda Rajapaksa to an open television debate on the economy said …
Sri Lanka Central Bank clarifies on external debt and reserves
May 23, 2018 (LBO) - Sri Lanka's Central bank issuing a statement has clarified a misleading news item has been disseminated in relation to Sri …
SL – China FTA would result in higher gains for Sri Lankan exports: Study
May 22, 2018 (LBO) – Sri Lanka – China FTA would result in higher gains for Sri Lankan exports compared to products imported from China which are …
Opinion : Sub agents and migrants; dissecting their relationship to guide regulation
Bilesha Weeraratne Geetha is an unskilled and uneducated female from rural Sri Lanka. As she was saddled with financial issues and could not find a …
CEB strengthens Maintenance Management Process with ACECAM
Ceylon Electricity Board (CEB) is the leading state-owned organization in using Computerized Maintenance Management Solution(CMMS) for utility …
Hayleys becomes first listed Sri Lankan company to cross USD1bn turnover
Building on a strong momentum gathered over the final quarter of FY 2017/18, Sri Lanka’s leading diversified conglomerate, Hayleys PLC announced a …
Sri Lanka inflation slows to 1.6-pct in April, lowest since Feb 2016
May 22, 2018 (LBO) – Sri Lanka’s headline inflation measured by National Consumer Price Index (NCPI) has decreased to 1.6 percent in April, …
Johann Peries successfully summits Mount Everest
May 22, 2018 (LBO) – Johann Peries has summited Mount Everest today becoming the second Sri Lankan to summit Everest after Jayanthi Kuru Utumpala …
Lord Naseby meets Sri Lankan Diaspora at House of Lords
One of the 1st events representing Sri Lankan Diaspora at the House of Lords Last week, the UK Parliament paid tribute to the Sri Lankan community …
ETI Finance to pay 20-pct of deposit liabilities from USD75mn sale proceeds
May 21, 2018 (LBO) – Monetary Board of the Central Bank has decided to permit ETI Finance (ETIFL) to sell its share holding in subsidiaries and …
Sri Lanka’s Teejay Lanka doubles capacity of India plant with USD15Mn expansion
May 21, 2018 (LBO) - Teejay Lanka, a textile manufacturer said they will be doubling of capacity of its Indian mill, following the completion of an …
Fitch says Sunshine Holdings new equity issue not enough for ratings upgrade
May 21, 2018 (LBO) – Fitch Ratings says current ratings of Sunshine Holdings will remain unchanged as the projected fall in net leverage from the …