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Capital Alliance launched Sri Lanka’s first online bond trading app

In an effort to take government securities trading to the future and make it more accessible to all, CAL (Capital Alliance) recently launched its …

President, PM declared open Moragahakanda, biggest reservoir of Mahaweli

Jan 08, 2018 (LBO) – Sri Lanka’s President and Prime Minister on Monday declared open Moragahakanda, the last but biggest reservoir of the …

Treasury posts Rs22bn primary surplus in Budget, first time in 63 years

Jan 08, 2018 (LBO) – Government has achieved 21.9 billion rupees surplus in the primary balance of the fiscal accounts during the first ten months …

Proposed digital economy to uplift GDP by 1 to 3-pct in 2019: McKinsey

Jan 08, 2018 (LBO) – McKinsey & Company, a worldwide management consulting firm has confirmed that the proposed digital economy for Sri Lanka …

Rajagiriya flyover to open today, speed of vehicles to increase eight-fold

Jan 08, 2017 (LBO) - President Maithripala Sirisena will declare open the Rajagiriya flyover on January 08, providing long term solutions for the …

Sri Lanka’s Pvt sector has 5Mn employees and 500,000 vacancies: report

Jan 08, 2018 (LBO) - Around five million people were engaged in employment Sri Lanka's private sector currently while around 500,000 vacancies are …

Opinion : A stakeholder strategy for non-traditional organisations

By ThilanSenaratne Who is a stakeholder? A stakeholder is defined as ‘any group or individual who is affected by or can affect the achievement of …

Tourist arrivals to Sri Lanka up 3.2-pct in 2017 despite set-backs

Jan 05, 2018 (LBO) – Tourist arrivals to Sri Lanka has reached an all-time high of 2,116,407 in 2017 according to the latest data released by the …

Central Bank extends suspension of Perpetual Treasuries for 6 months

Jan 05, 2018 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension of Perpetual Treasuries Limited from carrying on the …

US GSP withdrawal not country-specific, Impact on total exports small: AmCham

Jan 05, 2018 (LBO) - The American Chamber of Commerce says the decision to withdraw the GSP form Sri Lankais  not being country-specific and is one …

Fitch downgrades Sunshine Holdings to A-(lka), outlook stable

Jan 05, 2018 (LBO) – Fitch Ratings has downgraded Sri Lanka-based Sunshine Holdings PLC's National Long-Term Rating to 'A-(lka)' from 'A(lka)'. The …

2018 budget vs foreigners from buying property in Sri Lanka

The highly anticipated 2018 budget of the Sri Lankan Government concluded recently with a number of surprises that were not seen in budget proposals …

FTA with Malaysia: Will it Lead to an Expansion in Flow of Trade and Investment with Sri Lanka?

By Janaka Wijayasiri Prime Minister of Malaysia, Najib Razak, who was on an official visit to Sri Lanka in December 2017 to mark the 60th anniversary …

Jetwing Symphony opens trading at CSE today

Jan 05, 2018 (LBO) - Jetwing Symphony Ltd, will open trading at the Colombo Stock Exchange from today following its successful Initial Public …

Banking sector to provide 25-pct average return over 1-Year: FC Research

Jan 04, 2018 (LBO) – First Capital Research expects the banking sector to have a steady phase during 2018E-20E with stable credit growth, improving …

Sri Lanka’s Sampath Bank introduces slip-less transactions

Jan 04, 2017 (LBO) - Sampath Bank has launched slip-less transactions to provide their customers greater convenience through a mobile app that is …

World Finance declares COMBANK best in Sri Lanka for Digital & Mobile Banking

(PRESS RELEASE)  Presents awards for‘Best Digital Bank’ and ‘Best Mobile Banking Application’ in Sri Lanka in 2017 The Commercial Bank of …

If we are going for a sovereign bond, better to go early: CB Governor

Jan 04, 2018 (LBO) – Central Bank Governor Indrajit Coomaraswamy says if Sri Lanka wants to issue a sovereign bond this year, it is better to issue …

Japanese Foreign Minister Kono to visit Sri Lanka today

Japanese Foreign Minister Taro Kono is scheduled to visit Sri Lanka from January 4th to 6th, 2018. online pharmacy buy abilify with best prices today …

Sri Lanka to raise USD5Bn from Sovereign and Development Bonds in 2018

Jan 04, 2018 (LBO) - Sri Lanka's cabinet of ministers have given approval to raise up to US 2 billion dollars through foreign commercial borrowings …

I will not hesitate to bring offenders of bond scam before law: President (Full Speech)

Jan 03, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says he will bring the offenders of the bond scam before the law and recover the …

Final report of PRECIFAC handed over to President

Jan 03, 2018 (LBO) - The final report compiled by the Presidential Commission of Inquiry to Investigate and Inquire into serious acts of fraud, …

Port City legislation to Parliament by March, Work on three towers to commence

Jan 03, 2018 (LBO) – Sri Lanka’s Port City legislation would be brought before Parliament by March while construction on the first permanent …

Critical EU GSP Plus listing opens for Lankan exporters

Sri Lanka’s first ever European Union mandated GSP exporter listing call went live on the web on 2 January. “I commend the Department of Commerce …