Sri Lankan themed ‘Dheepan’ wins Palme d’Or, top honor of Cannes Film Festival 2015
May 25, 2015 (LBO) – Jacques Audiard's immigrant drama "Dheepan" has won the Palme d'Or, the top honor of the Cannes Film Festival, foreign media reported. …
Sri Lankan businesses should be cautious when entering Asian markets: Business Executive
May 25, 2015 (LBO) – Sri Lankan businesses should navigate and set up a clear focus before entering Asian markets, a local business executive stressed. …
Sri Lanka’s former CB governor denies PM’s accusations ; Ready for TV debate
May 24, 2015 (LBO) – Sri Lanka’s former Central Bank Governor Ajith Nivard Cabraal said that the recent accusations aganist him were made to shift the …
Sri Lanka lacks officers to investigate large scale corruptions: PM
May 23, 2015 (LBO) – Sri Lanka's Prime Minister Ranil Wickremesinghe Friday said that the country lacks officers to investigate large-scale corruption, fraud …
63rd LBR LBO CEO Forum – “Reimagining Debt Capital Market to Unlock Opportunities & Sustain Growth” – 4th June 2015
Topic: Re-imagining Debt Capital Market to Unlock Opportunities & Sustain Growth in Sri Lanka Date/Time: Thursday 4th June 2015 | 1800 - 2100 Hrs Keynote …
Sri Lanka FM meets German Foreign Minister; extends invitation to visit Sri Lanka
May 23, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera on Friday met German Foreign Minister Dr. Frank Walter Steinmeier at the German …
Cabinet approves consultancy contract for Southern Road Connectivity Project
May 22, 2015 (LBO) - Sri Lanka's cabinet has approved a contract to supply consultancy services for the Southern Road Connectivity Project as recommended by …
Sri Lanka’s Fitch Revises Pan Asia Banking’s Outlook to Negative; Affirms at ‘BBB(lka)’
May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC's outlook to negative from stable due to …
Sri Lanka’s stocks surge on positive earnings reports
May 22, 2015 (LBO) - Sri Lanka’s stocks rose 15.04 points, Friday following a slump yesterday mainly due to positive earnings reports and dividend …
Shangri-La launches 500mn US dollar luxury apartments and office complex project in Colombo
May 22, 2015 (LBO) - Hong Kong based Shangri La Hotels and Resorts, a property developer and hotel group launches 500 million US dollars of exclusive …
Sri Lanka should move from debt finance led growth to export and FDI directed growth: Saman Kelegama
May 22, 2015 (LBO) – Sri Lanka’s economy should move towards export and foreign direct investment led growth, to maintain a sustainable growth, a senior …
Foreign Affairs Minister Mangala Samaraweera in Germany
PIC 01: Friedrich Naummann Stiftung PIC 02: Meeting Members of the Bundestag Committe on Economic Development PIC 03: Observing Chancellor Merkel's Speech …
Sri Lanka’s private sector credit to grow further: Monetary Policy Review – May 2015
May 22, 2015 (LBO) – Sri Lanka’s Central Bank said, that private sector credit would expand in the period ahead given the low interest rate regime. …
Sri Lankan businesses should look at CEPA as a compliment not substitute: Economist
May 22, 2015 (LBO) – Sri Lankan businesses should look at the extension of the Comprehensive Economic Partnership Agreement (CEPA) as a compliment to their …
Fitch Rates NDB’s Subordinated Debentures ‘A+(lka)(EXP)’
May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has assigned National Development Bank PLC's proposed subordinated debentures of up to 10 billion …
Sri Lanka’s Commercial Credit Rs1bn debenture issue oversubscribed
May 22, 2015 (LBO) – Sri Lanka’s Commercial Credit and Finance issue of 10 million rupee rated, subordinated, guaranteed, redeemable five-year debentures …
Sri Lanka’s govt cuts 30 pct cost on Chinese financed OCH3 through work scope reduction
May 21, 2015 (LBO) – Sri Lanka’s Highway ministry said that it has reduced the cost of Outer Circular Highway (OCH) phase 3 by 30 percent to 24 billion …
Sri Lanka stocks close down 0.22-pct
May 21, 2015 (LBO) – Sri Lanka’s stocks closed down 0.22 percent with investors taking profits and losses in the food and beverage stocks, brokers said. …
Udaya reviews progress of the CID investigations
Udaya Gammanpila on Wednesday (20) reviewed the progress of the investigation being carried out into an alleged attempt by former president Mahinda Rajapaksa …
Swiss GSP facility is underutilized by Lankan exporters: Envoy
May 21, 2015 (LBO) – Sri Lankan exporters are currently underutilizing the Swiss GSP facility given to the country, a Swiss envoy said. Livia Leu, Ambassador …