Japanese startup plans Sri Lanka’s first electric vehicle plant
May 03, 2018 (LBO) - Tokyo based high-tech research and development startup is planning Sri Lanka’s first ever large, industry scale electric vehicle (EV) …
Economy & Markets
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Central Bank says foreign sentiment signals confidence in Sri Lanka’s economy
May 03, 2018 (LBO) – Sri Lanka's Central Bank said recent indicators reflect positive sentiment expressed by external foreign parties regarding the …
Sri Lanka’s telco merger to relieve competitive pressure: Fitch
May 01, 2018 (LBO) - The merger between Hutchison Telecommunications Lanka (Private) Ltd and Etisalat Lanka (Private) Ltd is likely to relieve some competitive …
Jude Fernando to head Janashakthi
May 01, 2018 (LBO) - Sri Lanka's Janashakthi Insurance PLC announced the appointment of Jude Fernando as the company’s Director / Chief Executive Officer …
DFCC group profits drop in Q1 2018
May 01, 2018 (LBO) - Sri Lanka's DFCC Group recorded a profit before tax of 1,545 million rupees and profit after tax of 1,110 million rupees as compared to …
Pan Asia Bank posts Rs 498 mn PBT in 1Q
(PRESS RELEASE) - Pan Asia Banking Corporation PLC reported Rs 498 million in profit before tax for the quarter ended in March 31, 2018 (1Q’18) powered by a …
Given the current debt dynamics, fiscal slippage can lead to a serious economic crisis: CB
Apr 26, 2018 (LBO) – Given the current debt dynamics, fiscal slippage can lead to a serious economic crisis, the Central Bank said releasing its Annual …
Sri Lanka political unrest tests reform momentum: Fitch
Apr 26, 2018 (LBO) - Recent political developments in Sri Lanka have created some uncertainty over reform momentum and fiscal consolidation, and prolonged …
Union Bank records 37-pct growth in PAT in 1Q18
Union Bank recorded an impressive Profit Before Tax and VAT of Rs.246 million, reporting a 47 percent growth YoY, thus setting the pace for its next growth …
Presidential Commission on SriLankan to commence recording of evidence
Apr 26, 2018 (LBO) - President Maithripala Sirisena said that the Presidential Commission appointed to look into the alleged frauds and malpractices in …
35-pct of 2017 budget promises near completion, 24-pct broken: Research
Apr 25, 2018 (LBO) – Progress for the 2017 budget proposals tracked by Verité Research shows that almost a quarter of the budget promises have been broken …
Central Bank rejects Bandula’s claim on lack of funds to pay off T-bonds
Apr 25, 2018 (LBO) – Central Bank on Wednesday rejected the claim made by Parliamentarian Bandula Gunawardane on lack of funds the bank has to pay-off bonds. …
Sri Lanka rupee falls to record low
Apr 25, 2018 (LBO) – Sri Lankan rupee has fallen to a fresh all-time low of 157. buy ivermectin online buy ivermectin online no prescription 40 per dollar …
Galle Face Properties commence construction of Renuka Tower
Apr 25, 2018 (LBO) - Sri Lanka’s Renuka Holdings Group said its subsidiary, Galle Face Properties Limited had started construction work on the 32-storey …
China’s massive OBOR hub for Asia bullish on Sri Lanka FTA
Apr 25, 2018 (LBO) - The South East Asian Gateway Province to mainland China's ambitious One Belt-One Road (OBOR) initiative voiced its impatience to witness …
NTB launch Open API Banking
Apr 25, 2018 (LBO) - Sri Lanka's Nations Trust Bank has launched a API Banking Platform enabling clients to integrate the bank’s services directly into …
LAUGFS excel at CMI management excellence awards
Reinforcing the leadership force that drives LAUGFS, Lfinity - Chief Operating Officer (COO), Muditha Thebuwana and LAUGFS Gas - Deputy General Manager, …
CSE requests clients of barred broker firms to transfer their stocks
Apr 24, 2018 (LBO) – Colombo Stock Exchange on Tuesday requested the clients of stockbroker firms whose trading activities have been prohibited due to …
Sri Lanka inflation slows to 2.8-pct in March, lowest since April 2016
Apr 23, 2018 (LBO) – Sri Lanka’s headline inflation measured by National Consumer Price Index (NCPI) has decreased to 2.8 percent in March, lowest since …
Sri Lanka foreign reserves fall to USD7.3bn in March
Apr 23, 2018 (LBO) – Sri Lanka’s official reserves have dropped to 7,309.11 million US dollars in March from 7,914.33 million dollars in February, official …