USD25.6 million contribution from Wathupitiwela EPZ to export earnings
Jul 25, 2018 (LBO) - The BOI’s Wathupitiwela Export Processing Zone (WEPZ) has contributed US 25,599,216.25 dollars (US$ 25.6 Mn) in export revenue as at end …
Economy & Markets
кракен ссылкакракен ссылка
kraken darknetkraken darknet
Cabinet nod for Govt. to write off microfinance debt
Jul 25, 2018 (LBO) - Sri Lanka's government approved a Cabinet paper to write off non-consumption loans up to 100,000 rupees given to women by all …
Fitch maintains negative watch rating on Sri Lanka’s HDFC Bank
Jul 24, 2018 (LBO) - Fitch Ratings has maintained Housing Development Finance Corporation Bank of Sri Lanka's (HDFC Bank) National Long-Term Rating of …
CSE listed Asian Hotels (AHPL) profit evaporates as new competitors emerge
July 24, 2018 (LBO) - Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported weak results for the quarter ended June 30, 2018. Revenue was …
Sri Lanka June inflation marginally up at 2.5-pct
Jul 24, 2018 (LBO) - Sri Lanka’s National Consumer Price Index (NCPI) for the month of June 2018 was up at 2.5 percent in June 2018 from a year ago, data …
EGUARDIAN brings Fortinet’s third generation of network security toSri Lanka
(PRESS RELEASE) - EGUARDIAN Lanka, Sri Lanka’s leading value added IT distributor, recently held a knowledge sharing forum for their customers on …
Sri Lanka to launch electric three wheelers by 2020
Jul 24, 2018 (LBO) - Sri Lanka together with Japan Sri Lanka Comprehensive Partnership secretariat and T-PLAN has built an electric three-wheeler. "I am …
Construction of USD250mn Rigid Tire factory proceeding rapidly: BOI
Malik Samarawickrama Minister of Development Strategies and International Trade visited the Rigid Tire Corporation (Pvt) Ltd factory site which is being built …
Colombo stocks finish higher for second straight week, JKH up 4%
July 20, 2018 (LBO) - The Colombo Stock Exchange closed higher for the second straight week. After several consecutive weeks of decline, the major indices …
Multi Finance to top up capital with Rs200mn private placement
July 20, 2018 (LBO) - Central Bank of Sri Lanka (CBSL) registered finance company Multi Finance is to increase its capital base by way of private placement. …
Janashakthi Life’s high-flyers qualify for million dollar round table
Janashakthi Insurance PLC announced that 14 members from its Sales team had qualified for the prestigious Million Dollar Round Table (MDRT) membership in 2018. …
Fitch rates Singer Sri Lanka’s proposed debenture ‘A- (lka)(EXP)’
Jul 20, 2018 (LBO) - Fitch Ratings has assigned Singer (Sri Lanka) PLC's (A- (lka)/Stable) proposed senior unsecured redeemable debenture issue of up to …
Nation Lanka Finance squeaks out a profit in the June quarter, deposits at Rs7.7bn
July 20, 2018 (LBO) - Colombo Stock Exchange listed company Nation Lanka Finance PLC (CSF) has turned a profit in the quarter ended June 30, 2018. The …
Construction industry future outlook positive, but challenges remain: RIU study
Jul 20, 2018 (LBO) - As a part of its ongoing research into the real estate and construction industry Research Intelligence Unit (RIU) conducted a survey among …
National Export Strategy: Sri Lanka targets USD28Bn in exports by 2022
Jul 20, 2018 (LBO) - Sri Lanka's government unveiling the ‘National Export Strategy (2018-2022)’ in Colombo yesterday said it plans to increase the …
Anantaya Resorts and Spas receive TripAdvisor certificates of excellence 2018
Reaffirming its efforts toprovide an exceptional guest experience, Anantaya Resorts and Spas recently received the ‘Certificate of Excellence 2018’ from …
AMCHAM presents insights on FDI and U.S. investor perspectives in Sri Lanka
Jul 18, 2018 (LBO) - In order to facilitate continued investment within Sri Lanka it is important to have clarity on the FDI landscape, and identify potential …
Global businesses turn to Oracle blockchain service to speed transactions securely
Arab Jordan Investment Bank, CargoSmart, and Intelipost are among early adopters of enterprise-class distributed ledger service July 16, 2018 (media …
Virtusa’s Kris Canekeratne selected as EY Entrepreneur of the year 2018
Jul 18, 2018 (LBO) - Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services announced …
Opinion: Labour scarcity shackling Sri Lanka’s growth
By Dr. Ganeshan Wignarajah Fixing Sri Lanka’s Labour Market: Comparative Lessons July 17, 2018 (LBO) - The recently published ‘Sri Lanka Development …