Competition in Sri Lanka non-life insurance sector to rise as premiums fall
Sep 15, 2020 (LBO) - Price competition among non-life insurers in Sri Lanka is likely to intensify as a ban on auto imports and an economic downturn hinder …
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Mastercard launches Central Bank Digital Currencies Testing Platform
Sep 11, 2020 (LBO) – Mastercard has announced a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDCs) …
Richard Pieris Finance and Arpico Insurance join forces to serve customers
Sep 10, 2020 (LBO) - Arpico Insurance PLC stepped up to create an exclusive policy that provides a life cover of up to 1,000,000 rupees to customers of Richard …
Savings accounts and fixed deposits can now be opened using NTB mobile app
Sep 02, 2020 (LBO) - Nations Trust Bank recently introduced the unique feature of opening Savings Accounts and Fixed Deposits on the Nations Mobile App. …
JKH ranked as Sri Lanka’s most respected entity for 15th year
Aug 31, 2020 (LBO) - For a record 15th year, John Keells Holdings PLC (JKH), was ranked as the Most Respected entity in Sri Lanka, in the recently released …
EDB and Foreign Ministry accelerate efforts to boost exports
Aug 28, 2020 (LBO) - The Export Development Board (EDB) and the Foreign Ministry are working closely together to increase the country’s export revenue and …
Colombo Stock Brokers Association commends appointment of a special minister
Aug 21, 2020 (LBO) – The Colombo Stock Brokers Association (CSBA) extends its congratulations and best wishes to the new government and newly-appointed State …
Sivan Arul Illam: Northern Province enterprise exporting spices worldwide started as 2004 Tsunami children’s refuge
By Jekhan Aruliah “Charity begins at home”. For the Northern Province based Sivan Arul Illam charity began by creating a children’s home. The home was …
CEAT to develop local industry: Save Rs.11Bn in foreign exchange via import substitution
Aug 18, 2020 (LBO) - CEAT Kelani Holdings has announced that in response to the Government's policies to develop domestic industry, it has stepped up capacity …
BOI signs agreement with HTCey Aqua Culture for Vannamei Shrimp project in Puttalam
Aug 17, 2020 (LBO) - The Board of Investment of Sri Lanka has signed an agreement with HTCey Aqua Culture (Pvt) Limited for a 12 million pl (Post Larvae) …
MarCom Collective congratulates new Govt: Seeks partnership to rebuild industry
Aug 17, 2020 (LBO) - The MarCom Collective congratulated Prime Minister Mahinda Rajapaksa and his newly appointed cabinet of ministers as well as all other …
Sampath Bank reports PAT of Rs 3.97Bn for six months ended 30th Jun 2020
Aug 13, 2020 (LBO) - The global economy took a steep downward trend with the COVID-19 pandemic epicentre shifting from China and East Asia to the United States …
SEC introduces a Framework for Real Estate Investment Trusts (REITs)
In Sri Lanka, owing to spiraling property prices it is a challenge for average citizens to finance real estate investments. Therefore, a significant proportion …
Enterprise analytics ties up with Acumatica to equip SMEs with ERP solutions
Jul 29, 2020 (LBO) - Enterprise Analytics, a leading provider of pioneering technology-based business solutions, recently partnered with Acumatica …
Fitch plans to withdraw ratings of Kotagala Plantations
Jul 27, 2020 (LBO) - Fitch Ratings plans to withdraw the ratings of Kotagala Plantations PLC for commercial reasons on or about 21 August 2020, which is …
Emirates covers customers from COVID-19 expenses, in initiative to boost travel
Jul 24, 2020 (LBO) - Emirates customers can travel with confidence, as the airline will cover medical expenses of up to EUR 150,000 and quarantine costs of EUR …
Tile and sanitaryware temporary import suspension has adverse impact on SL’s revenue
Jul 23, 2020 (LBO) - The Tile & Sanitaryware Importers Association (TSIA), Sri Lanka’s main body established to address the grievances of tile and …
Earnings from merchandise exports rebounded in June to USD 906mn: EDB
Earnings from merchandise exports rebounded in June 2020 to US $ 906.02 Mn as per the Customs statistics, with the export sector progressively commencing …
Abans opens its first Elite Showroom in the Northern Province
By Jekhan Aruliah On Saturday 11th July 2020 Abans opened its first Elite Showroom in Jaffna (in the Cargills Mall on Hospital Road). In fact this is the first …
Treasury issues letters confirming bills due from Sri Lanka’s government to contractors
Jul 14, 2020 (LBO) – Sri Lanka’s Treasury has commenced issuing confirmation letters verifying the bills due from the government to contractors and …