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Sri Lanka must make inciting racial violence a non bailable offence: Minister

Mar 06, 2018 (LBO) - Sri Lanka's Finance and Media Minister Mangala Samaraweera said that inciting racial violence must be made a non bailable …

Fitch rates People’s Leasing’s senior debt AA-(lka)(EXP)

Fitch Ratings Lanka has assigned People's Leasing & Finance PLC's (PLC, B/AA-(lka)/Stable) proposed senior debenture issue of up to LKR6 billion …

First Capital fostering bonds with regional clients

First Capital Holdings PLC, further expanded its branch network in an effort to forester stronger bonds with regionally based clients. online …

Ravi Dadlani to lead CEAT Kelani JV as new Managing Director

CEAT Kelani Holdings has announced the appointment of Mr Ravi Dadlani as Managing Director of the company with effect from 1st March 2018. …

Central Bank cancels CIFL license; legal action against responsible parties

Mar 05, 2018 (LBO) – Monetary Board of the Central Bank has decided to cancel the licence issued to CIFL under the Finance Business Act with effect …

Not expecting rise in domestic interest rates: CB

Mar 05, 2018 (LBO) - Sri Lanka's Central Bank responding to misleading news reports said it is not expecting a rise in domestic interest rates in the …

Techneed makes foray in to Sri Lankan IoT industry

Techneed (Pvt) Ltd., One of Sri Lanka’s growing high-tech IoT start-ups, today announced the deployment of its “Nurve IOT Gateway” in one of …

The Shape of Water, wins big at 2018 Oscars

Mar 05, 2018 (LBO) - The 90th Academy Awards or the 2018 Oscars came to a close with "The Shape of Water" producers Guillermo del Toro and J. Miles …

Sri Lanka to establish accepted professional status for electricians

Mar 05, 2018 (LBO) - Sri Lanka's power regulator said it will establish an accepted professional status for electricians in the country through …

Sri Lanka PM reiterates island on track for economic prosperity

Mar 05, 2018 (LBO) - Sri Lanka's Prime Minister Ranil Wickremesinghe said that the island is on the path of becoming an attractive place for …

SLT group EBITDA improved by 5.4-pct, increasing depreciation affected bottom line

Sri Lanka Telecom (PLC) released its Group and Company financial performance 2017 today. The group comprised of 8 subsidiaries including Mobitel …

Sri Lanka, a cautionary tale about over-reliance on China: OBG

Mar 02, 2018 (LBO) – Sri Lanka, perhaps, provides the most cautionary tale from their Asia-Pacific markets about over-reliance on China-backed …

Opinion: Why Sri Lanka’s financial services industry need to be data governed & data driven?

By Jithendra Antonio The Impact of Big Data on Products and Services The quality of data used in every business is more important in today’s global …

Fitch rates Sampath Bank’s Basel III sub debt final A(lka)

Fitch Ratings has assigned Sampath Bank PLC's (A+(lka)/Negative) proposed Basel III compliant subordinated debentures a National Long-Term Rating of …

Sri Lanka Prime Minister visits Singapore to lure investors

Mar 02, 2018 (LBO) – Prime Minister Ranil Wickremesinghe today met Trade and Industry Minister of Singapore, S Iswaran at the Four Seasons Hotel in …

Ericsson and Dialog partner to roll out first commercial IoT network in Sri Lanka

Mar 02, 2018 (LBO) - Dialog Axiata PLC, a local telecommunications provider, and Ericsson have rolled out the first commercial Massive IoT network …

Sri Lanka’s Bairaha farms to go ahead with Rs.1.3BN expansion

Mar 02, 2018 (LBO) - The Board of Directors of Bairaha Farms Group has approved an investment of 1. online pharmacy buy ciprodex with best prices …

Cabinet approves proposal to conduct feasibility for India, Japan aided LNG terminal

Feb 28, 2018 (LBO) – Sri Lanka’s cabinet on Tuesday approved a proposal to conduct a feasibility study for the proposed Liquefied Natural Gas …

PropertyGuru Asia Property Awards (Sri Lanka) 2018 event gathers momentum, shortlist reveal in June

PropertyGuru, Asia’s foremost online property company, is gearing up to host its first-ever Asia Property Awards gala dinner in Colombo, Sri Lanka …

Fitch rates Sri Lanka-based People’s Insurance A+(lka); outlook stable

Fitch Ratings has assigned Sri Lanka-based People's Insurance PLC a National Insurer Financial Strength (IFS) Rating and National Long-Term Rating of …