Sri Lanka approves BOT system for state buildings
May 24, 2018 (LBO) - The cabinet has approved to construct public buildings under the Build, Own and Transfer (BOT) system by the private sector, a statement …
Economy & Markets
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Central Bank to create intervention rules for foreign exchange market
May 23, 2018 (LBO) – Sri Lanka’s Central Bank is to introduce several rules, the officials need to follow when they are intervening in the foreign exchange …
Kishu Gomes steps down as CEO of Chevron in Sri Lanka
May 23, 2018 (LBO) - Chevron Lubricants Lanka said that Kishu Gomes will be stepping down as Managing Director and Chief Executive Officer of the company …
Fin Min says Sri Lanka economy on stable footing; Challenges MR for TV debate
May 23, 2018 (LBO) - Sri Lanka's Finance Minister challenging former President Mahinda Rajapaksa to an open television debate on the economy said that sound …
Sri Lanka Central Bank clarifies on external debt and reserves
May 23, 2018 (LBO) - Sri Lanka's Central bank issuing a statement has clarified a misleading news item has been disseminated in relation to Sri Lanka’s …
SL – China FTA would result in higher gains for Sri Lankan exports: Study
May 22, 2018 (LBO) – Sri Lanka – China FTA would result in higher gains for Sri Lankan exports compared to products imported from China which are already …
Sri Lanka inflation slows to 1.6-pct in April, lowest since Feb 2016
May 22, 2018 (LBO) – Sri Lanka’s headline inflation measured by National Consumer Price Index (NCPI) has decreased to 1.6 percent in April, lowest since …
Sri Lanka’s Teejay Lanka doubles capacity of India plant with USD15Mn expansion
May 21, 2018 (LBO) - Teejay Lanka, a textile manufacturer said they will be doubling of capacity of its Indian mill, following the completion of an expansion …
ADB, Sri Lanka sign USD210Mn loan for Mahaweli water security investment program
May 18, 2018 (LBO) - The Asian Development Bank (ADB) and the Government of Sri Lanka signed a US 210 million dollar second tranche loan agreement for the …
IMF to complete its 4th review on June 1 as SL introduced fuel price formula
May 18, 2018 (LBO) – IMF Communications Department on Thursday announced that their board is scheduled to discuss Sri Lanka's completion of its fourth review …
Janashakthi life business reports Gross Written Premium of Rs.764Mn , YoY growth 8-pct
Janashakthi Insurance PLC (Janashakthi) reported its financial results for the three month period ended 31st March 2018. Janashakthi had divested its …
Samsung launches Galaxy J7 Duo in Sri Lanka
Samsung Sri Lanka expanded its best-selling range of Galaxy smartphones by introducing Galaxy J7 Duo. Galaxy J is Sri Lanka’s most popular smartphone series, …
Nations Trust Bank – Realizing Dreams
The Nations Trust story began more than 18 years ago when a small new bank full of determination,entered a field dominated by titans with a dream to carve out …
Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing
May 18, 2018 (LBO) - Sri Lanka's liquid petroleum gas (LPG) prices should be adjusted using a pricing mechanism that is transparent, impartial and …
Virtusa Corp reported a Q4 2018 revenue of 281.3 million, Up 6.6-pct
(PRESS RELEASE) Fourth quarter fiscal 2018 revenue of $281.3 million, increased 6.6% sequentially and 24.5% year-over-year, inclusive of $5.7 million from …
Sri Lanka’s Telecommunication Ministry signs MoU with Microsoft
May 17, 2018 (LBO) - The Telecommunication, Digital Infrastructure and Foreign Employment Ministry signed a Memorandum of Understanding (MoU) with Microsoft …
LKR depreciation unwarranted; Reserves to reach US$ 11Bn by June 2018 :CB
May 17, 2018 (LBO) - The Central Bank of Sri Lanka says the underlying fundamentals do not warrant the current pressure on the Sri Lanka rupee. The rupee …
Simplicity in Business Management is here with the lightest Business App
(PRESS RELEASE) - thinkCube Systems (Pvt) Ltd, the pioneering cloud application builder, has yet again introduced an innovative product to serve the Start-up, …
Sri Lanka among 23 countries vulnerable to Chinese debt distress: Study
May 16, 2018 (LBO) – Sri Lanka has been classified as a highly vulnerable country to debt distress of China’s Belt and Road Initiative (BRI) in a recent …
Cabinet nod for new committee to prevent money laundering and terrorism financing
May 16, 2018 (LBO) - Sri Lanka's cabinet of Ministers has approved to widen the composition of National Coordinating Committee for preventing money laundering …