All News

Climate change, conflict critical global issues: Young people’s survey

Aug 30, 2017 (LBO) - A survey of 25,000 young people from 186 countries has found that climate change is the most critical issue facing the world, …

More Australian students to visit Sri Lanka next year

Aug 30, 2017 (LBO) - More Australian students than ever before will head to Sri Lanka in 2018 under the Australian Government’s New Colombo Plan …

Fitch affirms Citibank N.A. – Colombo branch at AAA(lka); outlook stable

Fitch Ratings Lanka has affirmed Citibank N.A. - Colombo Branch's (CitiSL) National Long-Term Rating at 'AAA(lka)'. The Outlook is Stable. KEY RATING …

NDB opens Private Wealth Center for high net worth clients

The NDB Private Wealth Center recently become Sri Lanka's first all-in-one financial services hub, following the opening of its very own NDB bank …

Unilever and Arpico Encourage Shoppers to Go Green

(PRESS RELEASE) - 200% More Reusable Bags and 100,000 Fewer Polythene Bags Used During First Month Unilever Sri Lanka and Richard Pieris Distributors …

Seylan Sirinivasa makes owning a house a reality

Seylan Bank, one of the nation’s leading private banks, is now offering fast, convenient home loans under ‘Seylan Sirinivasa’, to customers in …

Sri Lanka ranks 11th worst-affected in malware attacks in Asia

Aug 29, 2017 (LBO) - Microsoft Asia recently released regional findings from their global Security Intelligence Report which found that Asian …

Seylan Bank to raise Rs10bn through listed debenture

Aug 29, 2017 (LBO) – Sri Lanka’s Seylan Bank plans to raise as much as 10 billion rupees from an issue of debentures which will be quoted on the …

Hayleys Advantis buys Sri Lanka Shipping Company for Rs4.9 bln

Aug 28, 2017 (LBO) – Hayleys Advantis Limited, a subsidiary of Hayleys PLC, has acquired 94.81 percent equity stake of Sri Lanka Shipping Company …

Fitch assigns Siyapatha’s subordinated debt final BBB+(lka)

Fitch Ratings Lanka has assigned Siyapatha Finance PLC's (Siyapatha; A-(lka)/Negative) subordinated redeemable debentures of up to LKR1 billion a …

Jaffna Investor Forum by SEC, CSE gets good response

Aug 28, 2017 (LBO) - The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) said they conducted the third …

Sri Lankan startups pitch for Oslo Innovation Week

Aug 28, 2017 (LBO) - Sri Lankan startups can take part in Oslo Innovation Week, with a pitching event this week, says the Sri Lanka Association of …

Sri Lanka in the eye of the storm, in terms of disasters: World Bank country head

Aug 28, 2017 (LBO) - Sri Lanka is in the eye of the storm, in terms of natural disasters, and now is the time to improve response mechanisms and …

‘Partner Flies Free’ offer on SriLankan Airlines with Visa

SriLankan Airlines is celebrating its 38th anniversary by giving away one thousand free return air tickets to 14 exciting destinations. The fabulous …

Sri Lanka’s President fills vacant ministerial posts

Aug 25, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena on Friday filled two ministerial posts vacated after the sacking of Wijedasa …

Ceylon Chamber to hold seminar on new Inland Revenue law

The Ceylon Chamber of Commerce is organizing a seminar to create awareness on the new Inland Revenue Act, which will be taken up for debate in the …

ADB earmarks USD5bln for Sri Lanka from 2018-2022

Aug 25, 2017 (LBO) - The Asian Development Bank said they have endorsed a country partnership strategy (CPS) for 2018-2022, amounting to up to US 1 …

Sri Lanka motor car registrations rise to 3,221 units in July: JB

Aug 25, 2017 (LBO) Sri Lanka's motor car registrations rose to 3,221 units in July, up from 2,802 units in June, the highest monthly figure so far …

Norway’s pension fund reports best half-yearly returns

Aug 25, 2017 (LBO) - Norway's Government Pension Fund Global has returned a total 2.6 percent, or 202 billion kroner, in the second quarter of 2017, …

Opinion: To be or not to be, the Wijedasa Rajapakse, PC Saga

To be or not to be: The Wijedasa Rajapakse, PC Saga – Some questions of law following the 19th Amendment By Chrishmal Warnasuriya Resignations, …

Sri Lanka to provide health insurance for school children

Aug 24, 2017 (LB0) - Sri Lanka's cabinet of ministers has approved health insurance cover for school children, a statement said. Budget 2017 proposed …

Lanka Property Web: Sri Lanka – Asia’s Next Property Hotspot?

LankaPropertyWeb.com says that with land and house prices seeing unprecedented appreciation in 2017 alone, Sri Lanka has emerged as Asia’s new …

Sri Lanka awards contract for BIA duty free shops to Dufry AG

Aug 23, 2017 (LBO) – Sri Lanka’s cabinet has approved awarding the second contract for the operation of duty free shops at Bandaranaike …

Sri Lanka launches e-Chamber with laptops for MPs

Aug 23, 2017 (LBO) – Sri Lanka’s Parliament on Tuesday officially launched the Chamber Management Information System (e-Chamber) to allow …