Ceylon Chamber facilitates efficient document approval process for exporters
Dec 18, 2018 (LBO) - A Memorandum of Understanding was signed between the Ceylon Chamber of Commerce and the Ministry of Foreign Affairs (MoFA) recently, for …
Economy & Markets
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Hayleys Energy commences first oil and gas drillship lay-up at Hambantota, Sri Lanka
Dec 17, 2018 (LBO) - Sri Lanka's Hayleys Energy Services announced the arrival of the oil and gas drillship “Aban Abraham” for a warm lay-up to the …
Constitutional violation cannot be rectified by way of an election: New PM
Dec 18, 2018 (LBO) - Taking oaths as Prime Minister of Sri Lanka, Ranil Wickremesinghe made a commitment to establishing normalcy in the country and continuing …
Kaspersky Lab makes inroads into Sri Lanka with new distributor SATL
Dec 14, 2018 (LBO) - Global cybersecurity company Kaspersky Lab has been successfully expanding its business in the South Asia region. Continuing to have a …
Opinion: After political respite, a quick pivot to Sri Lanka’s development priorities needed
What is Next for Middle-Income Asia and Sri Lanka? By Dr. Ganeshan Wignaraja* Decades of sustained economic growth have left the Asia Pacific with few …
CICT to enhance Colombo Port’s deep water capacity by March 2019
Dec 13, 2018 (LBO) - Colombo International Container Terminals (CICT) has announced a significant equipment addition that will enhance the terminal’s deep …
Gihan Cooray appointed Chairman of Nations Trust Bank
Dec 13, 2018 (LBO) - Nations Trust Bank PLC has announced the appointment of Gihan Cooray as Chairman of the Board of Directors, with effect from December 1st …
Sri Lankan companies that provide childcare support show business benefits: Report
Dec 13, 2018 (LBO) - Businesses in Sri Lanka that offer childcare support to their employees can gain a significant positive impact on recruitment, retention …
Expert Committee hands over report on Singapore-Sri Lanka FTA to President
Dec 11, 2018 (LBO) - The report compiled by a Presidential Commission on the Sri Lanka – Singapore Free Trade Agreement (FTA), was handed over to President …
Buyback offer lifts John Keells (JKH) stock out of the doldrums
December 8, 2018 (LBO) - Sri Lanka's stock market bellwether John Keells Holdings (JKH) has seen its stock price rise sharply since the start of Sri Lanka's …
Constitutional Crisis: another $ 100mn flees Sri Lanka’s capital markets last week
December 8, 2018 (LBO) - Last week, the recent trend of foreign outflow from Sri Lanka's stock and bond markets picked up speed with almost US$100mn of …
STAX Head of Research reaches the finals of Bracken Bower Prize
(PRESS RELEASE) - STAX has long been known to attract top talent from some of the world’s most prestigious universities and corporates. Its Head of Research …
Softlogic Life completes victorious 2018 by becoming Sri Lanka’s most awarded life insurer
(PRESS RELEASE) - Ending the year on a winning spirit, Sri Lanka’s number one health insurer, Softlogic Life, has become the country’s most awarded life …
Sampath Bank Ranked One of Country’s Top Ten Corporate Citizens
(PRESS RELEASE) Also Wins Category Award for Governance at Best Corporate Citizen Sustainability Award 2018 Sampath Bank was recognized as one of Sri Lanka’s …
Sri Lanka’s macro economic conditions stable, Fiscal discipline required: CB Gov
Dec 06, 2018 (LBO) - Central Bank Governor Dr. Indrajit Coomaraswamy says that the islands debt situation is manageable and that no major destruction to the …
CK Hutchison and Etisalat complete combination of their operations in Sri Lanka
Dec 05, 2018 (LBO) - Emirates Telecommunications Group Company PJSC (“Etisalat Group”) has completed the sale of its 100 percent shareholding in Etisalat …
Sri Lanka’s Central Bank disputes rating agencies’ latest rating decisions
Dec 04, 2018 (LBO) – Sri Lanka's Central Bank says it is of the view that the decisions by Fitch Ratings and Standard and Poor’s (S&P Global Ratings) …
Fitch downgrades Sri Lanka to ‘B’ amidst political crisis; outlook stable
Dec 04, 2018 (LBO) – Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B+', with a …
GSK to divest Horlicks and other consumer healthcare nutrition products to Unilever
Dec 03, 2018 (LBO) - GlaxoSmithKline plc (LSE/NYSE: GSK) today announced the divestment of Horlicks and other consumer healthcare nutrition brands to Unilever …
Foreign selling of Sri Lanka’s stocks and bonds top $ 800mn as constitutional crisis drags on
December 3, 2018 (LBO) - Foreign selling of Sri Lanka's stocks and bonds continues at a brisk pace in 2018 with net foreign outflows topping Rs145bn (US0mn). …