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 …
Economy & Markets
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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 …
Sri Lanka’s economic outlook, investment opportunities positive: Eran
Feb 28, 2018 (LBO) - Sri Lanka government has formulated a three-year Economic Delivery Programme to increase per capita income to US 5000 dollars, create one …
Sri Lanka needs firm policy to mitigate future refinancing risks: Fin Min
Feb 27, 2018 (LBO) - Sri Lanka faces refinancing risks in the coming years and need a concerted and coordinated policy response to mitigate such risks, Finance …
Fitch Affirms Richard Pieris & Company at ‘A(lka)’; Outlook Stable
(PRESS RELEASE) Fitch Ratings-Colombo-26 February 2018: Fitch Ratings has affirmed Sri Lanka-based conglomerate Richard Pieris & Company PLC's (RICH) …
Janashakthi Delivers Sustained Double Digit Growth through FY 2017
(PRESS RELEASE) - Registering steady double digit growth in premiums through FY 2017, Janashakthi Insurance PLC (Janashakthi) posted a consolidated Gross …
Allianz completes acquisition of Janashakthi General Insurance
Feb 26, 2018 (LBO) – Allianz announced the company has completed its acquisition of Janashakthi General Insurance Limited, after receiving all the necessary …
Benefits of global oil price reduction should be passed on to people: Fin Min
Dec 24, 2018 (LBO) - As a result of the price formula introduced by the Government, the price of petrol and diesel has been reduced by Rs.30 and Rs.20 per …
Sri Lanka’s external sector improve, BOP record surplus : CB
Feb 23, 2018 (LBO) - Sri Lanka’s external sector performance continued to improve in the month of December 2017, mainly with higher inflows to the Financial …
Ceylinco Life’s net profit surges 95-pct to Rs.6Bn
(PRESS RELEASE) - Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in Sri …
Japanese company wins contract for Central expressway’s 3rd phase
Feb 21, 2018 (LBO) - The Government has given the go ahead to award the contract for construction of 3rd phase of Central Expressway to M/S Taisei Corporation …
Frontier Research outlines salient features of new Forex Act
Feb 21, 2018 (LBO) – Sri Lanka’s new Foreign Exchange Act came into effect last year after the Parliament passed it with amendments. The new law removed …
Sri Lanka President promises new Economic programme
Feb 21, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena said a new economic programme of the government will be finalized by the National Economic …
Sri Lanka’s Liability Management Bill presented to Parliament
Feb 20, 2018 (LBO) - The new Active Liability Management Bill, to improve public debt management, was presented to Parliament for the first reading, Monday.buy …
Sampath Bank reports PAT of Rs12Bn
(PRESS RELEASE) - Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 Bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to …
ADB gives USD 75mn for lending to Sri Lanka’s small businesses
Feb 16, 2018 (LBO) - Sri Lanka has decided to obtain an additional financing through a loan of US 75 million dollars from the Asian Development Bank to scale …
Insurance Industry records 15.5-pct growth in 3Q of 2017
Feb 16, 2018 (LBO) - Sri Lanka's insurance industry was able to report a growth of 15.53 percent (3Q, 2016: 16.97 percent ) in terms of overall Gross Written …
Construction sector challenged by continued labour shortage: report
RIU report 2018 - The construction industry is worth approximately USD 8 Bn and is already under strain owing to rising construction costs.This industry is …
Piramal Glass Ceylon gross profit crosses Rs1Bn
For the nine months ended Dec 31, 2017 the overall turnover of Piramal Glass Ceylon was on par with the previous year’s sales of Rs. buy female cialis online …
CB keeps policy rates unchanged: Economy currently operating below potential
Feb 15, 2018 (LBO) - Sri Lanka will keep policy rates unchanged in February as the economy is stabilizing with improvements in trade figures, the …