ADB provides USD300Mn for elevated highway
Sept 28, 2018 (LBO) - The Asian Development Bank’s (ADB) has approved a US 300 million dollar loan to help in the construction of about 5.3 kilometers (km) …
Economy & Markets
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Sri Lanka launches first social impact funds to support social entrepreneurs
Sept 27, 2018 (LBO) – Two Memoranda of Understanding were signed today in New York, launching Sri Lanka’s first social impact funds aimed at supporting …
Uncertainty surrounds MTD Walkers (KAPI) upcoming Rs2.1bn debenture maturity
September 26, 2018 (LBO) - Colombo Stock Exchange (CSE) listed MTD Walkers (KAPI) has left debt market investors on the edge with regard to the company's …
NDB rights issue in question as shares trade below rights issue price of 105
September 26, 2018 (LBO) - The woes of the Colombo Stock Exchange (CSE) threaten to disrupt the capital raising efforts of one of Sri Lanka's most prominent …
Collapse of rupee and yahapalana govt.’s economic mismanagement: MR
Sept 26, 2018 (LBO) - The Rupee has depreciated steadily against the US Dollar ever since the yahapalana government came into power - a trend which has now …
Appropriation Bill to parliament second week of October
Sept 25, 2018 (LBO) - Sri Lanka's cabinet has approved the Appropriation Bill proposed by Finance Minister Mangala Samaraweera, to be presented in Parliament …
“Sri Lanka Socio-Economic Data – 2018”, now available
Sept 24, 2018 (LBO) - “Sri Lanka Socio-Economic Data – 2018”, the annually published data folder of the Central Bank of Sri Lanka, is now available for …
Sri Lankan tech firm Auxenta in ‘30 Most Innovative Companies to Watch 2018’
Sept 21, 2018 (LBO) - The fast-growing boutique technology solutions firm, Auxenta, is proud to be named as one of ‘30 Most Innovative Companies to Watch for …
Sri Lanka’s rupee hits record lows as Central Bank hold rates
Sept 21, 2018 (LBO) - Sri Lanka’s rupee hit an all time low of 168.65/169.00 to the US dollar at the close of day Thursday down from 167.10 the day before …
World Bank says action needed to prevent impacts from climate change in Sri Lanka
Sept 20, 2018 (LBO) - Rising temperatures and changing rainfall patterns pose a threat to Sri Lanka and could reduce GDP and living standards, a new World Bank …
India gives Rs.300Mn grant to build cold storage for Sri Lanka’s fruits and vegetables
Sept 20, 2018 (LBO) - A Memorendem of Understanding has been signed between the Ministry of National Policies and Economic Affairs and the Government of India, …
Sri Lanka’s Access gets Col 02 land for Rs.1.1 Bn
Sept 20, 2018 (LBO) - Sri Lanka's cabinet of ministers has approved the lease of a prime land block in the Colombo's central business district to Access …
Cabinet nod for 500MW LNG plant in Kerawalapitiya
Sept 20, 2018 (LBO) - - The Ceylon Electricity Board has been given cabinet approval to sign an agreement with India's NTC to build and 500 Meggawatt …
Margin deposit requirement against LCs opened with commercial banks for vehicles
Sept 20, 2018 (LBO) - The Monetary Board of the Central Bank of Sri Lanka imposed a 100 per cent margin deposit requirement against Letters of Credit opened …
Sri Lanka’s CAL facilitates first cross-border share transaction by local investment bank
Sept 19, 2018 (LBO) - Capital Alliance (CAL), recently performed Sri Lanka’s first ever transaction of overseas stocks, a statement said. CAL partnered with …
Colombo City Centre Mall to opens doors today
Sept 19, 2018 (LBO) - Sri Lanka's Colombo City Centre mall by Abans and NextStory Group will open to the public at 4.30 pm today. Conveniently situated by the …
Sri Lanka records GDP growth of 3.7-pct
Sept 19, 2018 (LBO) - Sri Lanka has recorded a growth of 3.7 percent in Gross Domestic Product in the second quarter of 2018. Growth in the first quarter was …
USD 50Mn from ADB to support Enterprise Sri Lanka’s rooftop solar power project
Sept 19, 2018 (LBO) - The Enterprise Sri Lanka projects which was launched by the Ministry of Finance has received Rs 8 billion ( USD 50 Million) from the …
SLASSCOM launches program with Uni of Colombo for data science and AI
Sept 18, 2018 (LBO) - The Center for Data Science, Department of Statistics, University of Colombo will launch a training program in fundamentals of data …