Virtusa says 85-pct businesses plan to invest in digital transformation in 2018
Virtusa Corporation(NASDAQ GS:VRTU), a global provider of digital engineering and IT outsourcing services that accelerate business outcomes for its clients, …
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DFCC relaunches their credit cards
DFCC Bank relaunched their Credit Card range at a special event on 28 March at the Cinnamon Grand, Colombo amidst a large gathering of clients, prominent …
Govt. nod for three local companies for vehicle emission test certification
Apr 12, 2018 (LBO) - Sri Lanka's government has given approval of the cabinet of ministers to award the contract for issuing Vehicle Emission Test Certificates …
Sri Lanka trade deficit expands over USD1bn in January; imports USD2bn
Apr 09, 2018 (LBO) – Sri Lanka’s trade deficit has expanded in January surpassing 1 billion US dollars for the second consecutive month due to significant …
Sri Lanka targets pharmaceuticals self-sufficiency with new zone
Apr 03, 2018 (LBO) – Efforts to increase domestic and foreign investment in Sri Lanka’s pharmaceuticals industry is set to boost output, Oxford Business …
Invest more in people, or risk extinction: Oracle’s Dalal tells SLASSCOM Summit
Apr 02, 2018 (LBO) - No matter how successful companies are today, they may risk extinction if they fail to invest in their employees and won’t transform …
Thumps up from US on GSP for Sri Lanka and others
Mar 29, 2018 (LBO) - Sri Lanka will be regaining the United States Generalised System of Preferences (GSP) trade concession which expired on December 31, …
Japan’s Orix sells Sri Lanka LOLC stake for Rs.12.8Bn
Mar 28, 2018 (LBO) – Sri Lanka’s LOLC Holdings, a firm controlled by Deputy Chairman Ishara Nanayakkara has purchased a 30 percent stake held by Japan’s …
India’s Mahindra and Sri Lanka’s Ideal Group in JV to assemble vehicles
Mar 28, 2018 (LBO) - Mahindra and Mahindra Ltd. (M&M) has announced the establishment of a Joint Venture (JV) with Ideal Motors Ltd. for assembling …
Sampath Bank and Ustocktrade LK link to simplify investment in foreign securities
Mar 26, 2018 (LBO) - Sampath Bank PLC has entered into a Memorandum of Understanding (MoU) with Ustocktrade LK (Private) Ltd (ULPL) to enable investors pay …
IFC to loan USD 15Mn to Senkadagala Finance
Mar 23, 2018 (LBO) - Sri Lanka’s Senkadagala Finance will get loan of up to US15 million dollars from the International Finance Corporation (IFC), a …
Government to borrow up to USD300mn from banks in 1Q 2018
Mar 21, 2018 (LBO) – Cabinet approval has been granted on Tuesday to obtain up to a maximum of 300 million US Dollars from banks. Accordingly, Government …
Orion City and Dialog partner to build High Density Data Centre
Mar 21, 2018 (LBO) - Sri Lanka’s Dialog Axiata Group announced a joint venture partnership with Orion City to build and manage the island’s first ever …
Business mission from New Zealand to arrive in April
Mar 20, 2018 (LBO) – A group of 20 delegates representing 13 innovative New Zealand companies will arrive in Colombo on 2nd April for a 3-day visit to …
Laugfs Gas restructures to create opportunities for investors and foster growth
Mar 07, 2018 (LBO) - Sri Lanka's a Laugfs Gas PLC announced a strategic restructuring to consolidate dominance in energy operations and create opportunities …
Ravi Dadlani to lead CEAT Kelani JV as new Managing Director
CEAT Kelani Holdings has announced the appointment of Mr Ravi Dadlani as Managing Director of the company with effect from 1st March 2018. PreviouslyVice …
Sri Lanka PM reiterates island on track for economic prosperity
Mar 05, 2018 (LBO) - Sri Lanka's Prime Minister Ranil Wickremesinghe said that the island is on the path of becoming an attractive place for business in South …
SLT group EBITDA improved by 5.4-pct, increasing depreciation affected bottom line
Sri Lanka Telecom (PLC) released its Group and Company financial performance 2017 today. The group comprised of 8 subsidiaries including Mobitel (Pvt) Ltd. …
Ericsson and Dialog partner to roll out first commercial IoT network in Sri Lanka
Mar 02, 2018 (LBO) - Dialog Axiata PLC, a local telecommunications provider, and Ericsson have rolled out the first commercial Massive IoT network supporting …
Sri Lanka’s Bairaha farms to go ahead with Rs.1.3BN expansion
Mar 02, 2018 (LBO) - The Board of Directors of Bairaha Farms Group has approved an investment of 1. online pharmacy buy ciprodex with best prices today in …