Baurs partners with Swiss Government to uplift hospitality education & bridge skills gap in Sri Lanka
With the view of uplifting the hospitality education sector in Sri Lanka, the Swiss Hospitality & Management Academy (SHMA) of A. Baur & Co. …
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Tribute: Dinesh Schaffter (1971-2022)
December 20, 2022 (LBO) - There is a sadness that has permeated Sri Lanka’s business community and my circles of friends in the last few days, as …
Cabinet nod to new Central Bank of Sri Lanka bill
Sri Lanka's Cabinet of Ministers has approved the new Central Bank of Sri Lanka bill which will be presented in Parliament next year. The original …
Introducing new types of visas for Colombo Port City
The Cabinet of Ministers has approved a proposal presented by the Minister of Public Security to take necessary steps to introduce several visa …
Uber turns Seven in Sri Lanka, Covers over 555 million km in Trips
Uber completed seven years of operations in Sri Lanka and shared some interesting numbers as it touched a new milestone. In its seven years of …
Ajlan and Bros Holding Group to Jointly Develop Port City Colombo with CHEC as Strategic Partner
Ajlan and Bros Holding Group (or Ajlan in short) is one of the largest comprehensive conglomerate holding group in the Middle East, Ajlan has …
Apptimus Tech, Jaffna’s software firm from bedroom to 7,000 square feet in 5 years
By Jekhan Aruliah The Yarl Geek Challenge has a strong record as nursery for tech startups. By 2022, its 11th season, YGC alumni have started more …
CSE announces changes in S&P Sri Lanka 20 index constituents
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the …
Sri Lanka reports negative 11.8-pct GDP growth for third quarter of 2022
The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at the current price and at constant …
Advantis Projects speeds ahead with delivery of SL’s largest tunnel boring machines
Sri Lanka’s undisputed leader in project logistics and heavy cargo transportation, Advantis Projects, a subsidiary of Hayleys Advantis Limited, is …
Port City looks to kickstart SL’s economy, Benefits can start when regulations finalized
Designed to be a hub for international investment, trade, finance, entertainment, leisure and other services, Port City Colombo will not be able to …
Sri Lankan industry leaders explore sustainable energy future
Leaders from across the industry, civil society, finance and academia met in Colombo recently to explore short and long-term energy solutions amidst …
Opinion: A Casino Gaming Monopoly is Sri Lanka’s Best Option
December 13, 2022 (LBO) - Casinos in Sri Lanka have always been a subject of controversy, but also one that has transformational economic potential. …
Sampath Bank partners with Dialog to introduce eZ Banking
In an effort to triple its customer touch points and add unparalleled levels of banking convenience to its valuable customers, Sampath Bank has taken …
Union Assurance records total net revenue growth of 33-pct to Rs.6.95Bn in third quarter of 2022
Union Assurance, Sri Lanka’s trailblazing Life Insurer, achieved impressive financial growth in Q3 2022 despite challenging market conditions. …
Hambantota International Port surpasses half a million mark of RORO cargo
Hambantota International Port reached the milestone of handling 500,000 RORO cargo units in 2022 this November, with the discharging of 4302 units …
Signs of Life in Sri Lanka’s Foreign Remittance Data
December 10, 2022 (LBO) - Sri Lanka foreign remittances are moving closer to a US$5bn annualized rate based on November monthly data. Sri Lanka …
IMF Publication: Regulating the Crypto Ecosystem – The Case of Unbacked Crypto Assets
The ongoing evolution in the crypto ecosystem is revealing both opportunities and pitfalls. Crypto assets were originally developed to democratize …
Romesh de Silva PC Opines on Ranil Wickremesinghe After 50 Years at the Bar (full speech)
December 8, 2022 (LBO) - Sri Lanka's leading Silk Romesh de Silva PC delivered a speech felicitating President Ranil Wickremesinghe at an event in …
Opinion: Billion Dollar Missed Opportunities – Sri Lanka’s Mineral Sector
December 7, 2022 (LBO) - Demystifying the Minerals Sector Why is it that many entirely legitimate investments by the private sector are …
Fitch Downgrades Bank of Ceylon’s Local Currency IDR to CCC-; Maintains RWN
Fitch Ratings has downgraded Bank of Ceylon's (BOC) Long-Term Local-Currency Issuer Default Rating (IDR) to 'CCC-' from 'CCC' and maintained it on …
Coordinated program is required for Sri Lanka’s recovery – WB, ADB, IMF, AIIB
World Bank (WB), Asian Development Bank (ADB), International Monetary Fund (IMF) and Asian Infrastructure Investment Bank (AIIB) representatives …
World Bank Approves Sri Lanka’s Eligibility to Access Concessional Financing
The World Bank today approved Sri Lanka’s request to access concessional financing from the International Development Association (IDA). This type …