‘SriLanka @100’ launched to boost economic prosperity through mid-market firms growth
Sep 24, 2020 (LBO) - Sri Lanka@100, a private sector-led initiative was launched in Colombo on Thursday with the emphasis to enable the island to become a …
Economy & Markets
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Central Bank releses ‘Sri Lanka Socio Economic Data – 2020’
“Sri Lanka Socio Economic Data – 2020”, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The …
SEC, CSE sign MOU with DRP to obtain digital verification of NIC details
Sep 21, 2020 (LBO) – Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) embarked on a progressive national digital …
Government requests suppliers to register with e-GP procurement system promptly
Sep 18, 2020 (LBO) – Sri Lanka's Government is inviting the supplier community to register with Electronic Government Procurement System (e-GP System) who …
Colombo Stock Exchange marks the digitalization of Sri Lankan stock market
Sep 17, 2020 (LBO) – Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) have launched the future of stock trading …
SL ranks 83 on Economic Freedom of World index
Sep 17, 2020 (LBO) - Sri Lanka ranks 83 out of 162 countries and territories included in the Economic Freedom of the World: 2020 Annual Report, released …
Australia announces business partnership opportunities in Sri Lanka for COVID-19 recovery
Sep 15, 2020 (LBO) – The Australian High Commission in Colombo announced a call for proposals on 14 September 2020, to support COVID-19 economic recovery in …
GDP growth to record steepest contraction at -5.8-pct for 2020E; W-shape recovery ahead: FCR
Sep 15, 2020 (LBO) – First Capital Research (FCR) expects the GDP growth to record the steepest contraction at -5.8% for 2020 while the growth may continue …
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 …
Developing Asia’s economies to recover next year: ADB
Sep 15, 2020 (LBO) - Economies across developing Asia will contract this year for the first time in nearly six decades but recovery will resume next …
The hype around cloud computing (and why it matters).
The COVID-19 pandemic has changed the way we live, study and work in a multitude of ways, no doubt. But some technologies have been at the forefront to …
Sri Lanka’s exports drop slightly in August 2020
Sep 12, 2020 (LBO) – Sri Lanka’s exports during the month of August 2020 recorded a downfall of 8.3% to US$ 947.7 Mn as compared to the value of US$ …
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 …
No discussion yet to amend unfavorable conditions of MCC compact, says Cabraal
Sep 10, 2020 (LBO) – State Minister of Money and Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal says that the government has not yet …
CHOOSING THE RIGHT TECHNOLOGY STACK FOR WEB APP DEVELOPMENT
Choosing the right technology stack for your web app can be tricky! It is important to identify what exactly you require, as it will accelerate the speed of …
Council for Business with Britain to strengthen the UK-SL trade corridor
Sep 04, 2020 (LBO) - The newly elected President of the Council for Business with Britain says efforts will primarily be focused on enhancing business and …
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 …