Minister green lights productivity-linked wage proposal for RPCs: Unions are still to agree
Feb 01, 2021 (LBO) - On the request of Labour Minister, Nimal Siripala de Silva, Regional Plantation Companies (RPCs) submitted a revised wage proposal to …
Eran warns “Be careful of pump and dump in stock market”
Jan 18, 2021 (LBO) - Former State Minister of Finance Eran Wickramaratna said that when we hear the message of share market it was not only the message but we …
Uber marks 5 yrs in SL, serves 1.8Mn riders and 110,000 drivers
Jan 12, 2021 (LBO) - Uber today marks its fifth year anniversary in Sri Lanka, during which it has served 1.8 million riders, completed more than 53 million …
SL fiscal deficit to reach 11.3-pct of GDP in 2021: All clear for stronger growth in 2021
Asia Securities, a stockbroking firm says that all signs point to a strong GDP growth trajectory in 2021. The latest Economic Outlook report titled Balancing …
“India will always be a dependable partner and reliable friend to Sri Lanka” says EAM Dr. S. Jaishankar
Visiting Minister of External Affairs of India Dr. S.Jaishankar held bilateral talks with Foreign Minister Dinesh Gunawardena yesterday and discussed multiple …
Asia Securities forecasts strong growth trajectory for equities in 2021
Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, …
ADB and Sri Lanka sign USD400Mn loan agreement to uplift secondary education
Dec 01, 2020 (LBO) - The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a US 400 million dollars loan agreement to support the …
Private sector an equal partner in economic revival: Dr. Hans Wijayasuriya
Dec 02, 2020 (LBO) - Chairman of the Ceylon Chamber of Commerce has called on the private sector to be an equal partner in securing an accelerated economic …
Phase 5 of Jaya container terminal of SLPA commences
Dec 01, 2020 (LBO) - The construction of the phase 5 of the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) commenced today. The event was …
WB says SL economy to contract by 6.7-pct in 2020, Smart policies for informal workers key for recovery
Oct 08, 2020 (LBO) - The COVID-19 crisis in Sri Lanka has substantially clouded the outlook and exacerbated an already challenging macroeconomic situation with …
Morison opens largest pharma facility in SL: Total investment of USD 18.5Mn
Oct 02, 2020 (LBO) - Morison PLC, a subsidiary of Hemas Holdings PLC opened its new state-of-the-art manufacturing plant and research and development facility …
Economists urge decisive action to prevent emerging Sri Lankan debt crisis
Oct 02, 2020 (LBO ) - A panel of eminent economists urged that the Government take credible and decisive action to prevent a painful debt crisis in Sri Lanka. …
Advocata to live stream session on “How can we improve Sri Lanka’s debt sustainability” today
Sep 30, 2020 (LBO) - The Advocata Institute has launched its latest public policy discussion series 'DeepDive'. This series commences with several …
Global coronavirus death toll passes 1Mn
Sep 30, 2020 (LBO) - The world passed a grim milestone this week as the World Health Organization announced that one million people have now died from the …
President steers revival of Export Development Council
Sep 25, 2020 (LBO) - After a lapse of 28 years the Export Development Council (EDC) was convened under the patronage of President Gotabaya Rajapaksa and Prime …
‘SriLanka @100’ launched to boost economic prosperity through mid-market firms growth
Sep 24, 2020 (LBO) - Sri Lanka@100, a private sector-led initiative was launched in Colombo on Thursday with the emphasis to enable the island to become a …
Altair clarifies Court order to buyers
Sep 10, 2020 (LBO) - Indocean Developers has informed buyers of Altair apartments that a recent Supreme Court decision relating to a management rights dispute …
Sri Lanka inflation marginally down in June 2020
Jul 02, 2020 (LBO) - The year on year inflation as measured by the Colombo Consumer Price Index (CCPI) is 3.9 percent in June 2020 and inflation calculated …
ComBank further slashes lending rates
Jun 26, 2020 (LBO) - The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up to 2 percent on all categories of loans in a …
Sri Lanka inaugurates new ADB funded COVID-19 test lab
Jun 25, 2020 (LBO) - The Asian Development Bank (ADB) has funded the construction and equipment of a new molecular polymerase chain reaction (PCR) laboratory …