SriLankan partners with Air Seychelles to increase destinations
Mar 28, 2018 (LBO) – SriLankan Airlines and Air Seychelles have entered into a special prorate agreement that will enhance their respective route …
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Team Phoenix from Moratuwa University wins SLASSCOM 4iR Hackathon
Team Phoenix from the University of Moratuwa were adjudged the winners of the inaugural SLASSCOM 4iR Hackathon at the grand finale of the event that …
Fitch affirms Hemas Holdings at AA-(lka); outlook stable
Fitch Ratings has affirmed Sri Lanka-based conglomerate Hemas Holdings PLC's (Hemas) National Long-Term Rating at 'AA-(lka)' with a Stable Outlook. …
Japan’s Orix sells Sri Lanka LOLC stake for Rs.12.8Bn
Mar 28, 2018 (LBO) – Sri Lanka’s LOLC Holdings, a firm controlled by Deputy Chairman Ishara Nanayakkara has purchased a 30 percent stake held by …
HNB named Best Retail Bank in Sri Lanka for 10th time by Asian Banker
Hatton National Bank PLC (HNB) was awarded as the ‘Best Retail Bank in Sri Lanka’ at the ‘Asian Banker’s International Excellence in Retail …
India’s Mahindra and Sri Lanka’s Ideal Group in JV to assemble vehicles
Mar 28, 2018 (LBO) - Mahindra and Mahindra Ltd. (M&M) has announced the establishment of a Joint Venture (JV) with Ideal Motors Ltd. for …
Fitch affirms Sri Lanka’s Continental Insurance at A(lka); outlook stable
Fitch Ratings Lanka has affirmed Sri Lanka-based Continental Insurance Lanka Limited's (CILL) National Insurer Financial Strength (IFS) Rating and …
World’s Biggest Book Sale is returning to Sri Lanka soon
Get your bookshelves ready, because the Big Bad Wolf Book Sale is set to huff and puff its way back to Colombo for the second time.Hailed as one of …
United Motors to dispose its shareholding in TVS Lanka
Mar 27, 2018 (LBO) – United Motors Lanka said its 50 percent shareholding in TVS Lanka is to be disposed for 1 billion rupees. United Motors in a …
Sri Lanka to raise USD1000mn via ETFF to finance budget expenses
Mar 27, 2018 (LBO) – Government says it intends to raise a Foreign Currency Term Financing Facility (FTFF) denominated in US Dollars or Japanese …
Sri Lankan spice exporters slam India for introducing MIP for pepper
Mar 26, 2018 (LBO) – Sri Lanka’s Spices & Allied Products Producers’ & Traders’ Association slams India for introducing a minimum …
Ceylon Chamber of Commerce marks 179 years of service to the nation
Sri Lanka’s premier business chamber completed 179 years of steadfast service to the nation yesterday, March 25th, 2018. This marks a commendable …
CB requests CIFL depositors to submit their details of deposits
Mar 26, 2018 (LBO) – Sri Lanka’s Central Bank has requested all CIFL depositors to submit the details of deposits that they have placed with the …
Sri Lanka’s Port of Colombo: 13th best connectivity in world
Mar 26, 2018 (LBO) - Port of Colombo has been ranked the 13th best connectivity port, up five places in the Drewry Port Connectivity Index for the …
Potential challenges for Sri Lanka’s residential and retail markets beyond 2019: JLL
Mar 26, 2018 (LBO) - Sri Lanka's residential real estate sector, especially high end condominiums,faces over supply challenges, with the recent …
Sampath Bank and Ustocktrade LK link to simplify investment in foreign securities
Mar 26, 2018 (LBO) - Sampath Bank PLC has entered into a Memorandum of Understanding (MoU) with Ustocktrade LK (Private) Ltd (ULPL) to enable …
Sri Lanka – Pakistan move towards stronger ties; Signs three MoU’s
Mar 26, 2018 (LBO) - Sri Lanka and Pakistan have pledged to move forward to achieving economic prosperity while further strengthening the long …
Opinion: In defence of international values; Salisbury was a lawless attack
By Tom Burn (Acting High Commissioner, British High Commission Colombo) On a quiet Sunday in one of Britain’s most beautiful cathedral cities, a …
Sri Lanka plans to issue licenses for electricians from October
Mar 23, 2018 (LBO) – Sri Lanka's electricity sector regulator, Public Utilities Commission is planning to implement a mechanism to establish an …
Chemistry Guru in Sri Lanka for Int. Conference on Bio science 2018
The 3rd International Conference on Bio science and Biotechnology 2018 (Bio Tech 2018) has been organized by The International Institute of Knowledge …
IFC to loan USD 15Mn to Senkadagala Finance
Mar 23, 2018 (LBO) - Sri Lanka’s Senkadagala Finance will get loan of up to US15 million dollars from the International Finance Corporation (IFC), …
United National Front rallies round PM with confidence motion
Mar 23, 2018 (LBO) - Members of Parliament (MP) representing the United National Front (UNF) signed a motion supportive of Prime Minister Ranil …
Lanka Property Web introduces agent verification
LankaPropertyWeb.com, Sri Lanka’s number one property website has introduced an Agent Verification programme for estate agents and brokers. The …
Opinion: Economic reforms in Sri Lanka: Salvation or a recipe for inaction?
By Kithmina Hewage & Harini Weerasekera Economic reforms have become an urgent need for Sri Lanka, with successive governments since …