Sri Lanka’s Commercial Bank net down 2.4-pct in Sept quarter
Nov 13, 2015 (LBO) – Sri Lanka’s Commercial Bank group profit decreased 2.4 percent to 3.2 billion rupees for the three months ended September 30 compared …
Sri Lanka’s NDB net down 32-pct in September
Nov 13, 2015 (LBO) Sri Lanka’s National Development Bank PLC reported a 32 percent dip in profits to 855 million rupees in the September quarter of 2015 …
Unusual U.S. financial market moves defy logic, say analysts
Nov 13, 2015 (LBO) - Several strange occurances in U.S. financial markets have raised eyebrows of market analysts amid a near-zero interest rate policy. U.S. …
Pakistan shows interest to invest in Sri Lanka’s Sugar, Cement, Pharmaceuticals, Dairy and IT sectors
A high powered Business Delegation from Pakistan led by Hon. Khurram Dastigir Khan, Minister of Commerce of Pakistan visiting Sri Lanka and met with …
Global growth prospects dim, slowest in six years: OECD
Nov 13, 2015 (LBO) - Global growth prospects have dimmed again with the global economy expanding by less than three percent in 2015, the weakest for six years, …
Acting Chief Justice takes oaths
Senior Supreme Court Judge, Justice Priyasad Dep took oaths as the Acting Chief Justice before President Maithripala Sirisena at the Presidential Secretariat …
Need to re-double efforts to achieve USD1bn bilateral trade target
The Federal Minister for Commerce Engr. Khurram Dastgir Khan called on Sri Lankan President Hon. Maithripala Sirisena at President’s Secretariat last …
Future diplomats visit ‘Colombo Tea Auction’
A group of new Foreign Service recruits visited the Colombo Tea Auction recently as a part of their induction program. The group of new recruits numbering to …
China Construction to carry out free feasibility for Sri Lanka’s eastern rail line
Nov 12, 2015 (LBO) – Sri Lanka’s Cabinet spokesperson, Minister Rajitha Senaratne said the government has approved a free feasibility to be carried …
Sri Lanka stocks close down 0.2-pct: Budget concerns
Nov 11, 2015 (LBO) – Sri Lankan stocks closed down at 0.18 percent on Thursday a third consecutive session with investors keeping on the sidelines over …
Sri Lanka to restrict revocation of deeds of gift
Nov 12, 2015 (LBO) - Sri Lanka plans to draft legislations to make provision for revocation of irrevocable deeds of gift to provide greater security for …
Sri Lanka to amend Fisheries act, increase penalties for offences in international waters
Nov 12, 2015 (LBO) – Sri Lanka will change the law on governing the operation of fishing vessels in international waters, cabinet spokesman Minister Rajitha …
Sri Lanka receives USD450 mn from expat accounts: Finance Minister
Nov 12, 2015 (LBO) - Finance Minister Ravi Karunanayake said Sri Lanka has received 450 million dollars as deposits after the government encouraged Sri Lankan …
Sri Lanka’s Janashakthi Insurance September net down 56-pct
Nov 12, 2015 (LBO) – Sri Lanka’s Janashakthi Insurance net profits dropped 56 percent to 102 million rupees in the September quarter against a year earlier …
Mihin Lanka to recommence flights to Male from today
Nov 12, 2015 (LBO) - Sri Lanka's Mihin Lanka will recommence flight operations to Malé, Maldives from today, the company said. buy stromectol online …
Lanka IOC unit records Rs373mn loss in Sept quarter
Nov 12, 2015 (LBO) – Lanka IOC, a unit of Indian Oil Company, has reported 373 million rupees loss in September 2015 quarter against 1.1 billion rupees …
Sri Lanka’s Mattala airport to provide air services to Serbian aircraft
Nov 12, 2015 (LBO) – Sri Lanka’s Mattala International Airport is to be utilized by Serbian aircraft for air services to access and fly to other countries …
Cargills Bank reaches out with 8 more branches
Cargills Bank opened in Matara starting on its new expansion drive with its first branch outside Colombo. Cargills Bank is set to open eight new branches …