World Bank classifies Sri Lanka as upper-middle income country under new revision
Jul 02, 2019 (LBO) – Sri Lanka has moved up to the upper-middle income category from lower-middle income category under the World Bank’s new country …
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Sri Lanka public servant pay hike effective from today
Jul 01, 2019 (LBO) - The salary increment and other allowances for public servants proposed by Finance Minister Mangala Samaraweera in his budget 2019 is …
Death penalty sends wrong signal to investors: EU
Jun 28, 2019 (LBO) - The European Union has issued a statement opposing the revival of the death penalty, saying it will send wrong signals to investors and …
Land prices in greater Colombo increase up to 64-pct: Lanka Property Web report
Jun 28, 2019 (LBO) - Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in land …
Sri Lankan banks face rising NPLs, capital pressure: Fitch Ratings
Jun 28, 2019 (LBO) – Sri Lankan banks face further increases in non-performing loans (NPLs) this year as the macro-economic environment remains difficult, …
Sri Lanka updates HRC on measures taken to advance human rights, peace and security
Jun 26, 2019 (LBO) - The Sri Lanka delegation to the Human Rights Council briefed the Council on progress made in addressing human rights concerns, national …
Sri Lanka GDP accelarates to 3.7-pct in Q1 2019
June 20, 2019 (LBO) - Sri Lanka's economic growth rate is estimated as 3.7 percent for the first quarter of 2019, data from the state statistics office show. …
Sri Lanka CB launch roadmap for sustainable finance
Jun 20, 2019 (LBO) - The Central Bank launched the roadmap for sustainable finance in Sri Lanka and hosted a high-level seminar for senior officers of …
Advocata commends Government’s decision to shut down SaluSala
Jun 19, 2019 (LBO) - Advocata Institute commends President Maithripala Sirisena’s directive to shut down the loss-making, state-owned handloom enterprise …
Govt provides sovereign guarantee to RDB Bank to obtain USD 50mn loan from ADB
Jun 15, 2019 (LBO) – Government has facilitated the Pradeshiya Sanwardana Bank, by providing a sovereign guarantee, to obtain a loan amounting to 50 million …
Data on violence against women crucial to understanding magnitude of issue: Report
Jun 14, 2019 (LBO) - One in three female homicides in Sri Lanka are related to intimate partner violence and 69 percent of such incidences go unreported, …
Cabinet nod for implementation of promotion programs to minimize effects attacks on tourism
May 30, 2019 (LBO) - Sri Lanka's cabinet of ministers has approved several relief packages for the tourism industry in the island. Approval was given to a …
Sri Lanka exports up 5.6-pct: Imports down
May 29, 2019 (LBO) - Export earnings increased by 5.6 percent (year-on-year) while import expenditure declined by 19. online pharmacy buy diflucan with best …
Advocata supports recommendations from experts on restructuring of SriLankan
May 24, 2019 (LBO) - During the ten year period when the management of SriLankan Airlines was under Emirates, the airline enjoyed a decade of profits. This is …
Hayleys revenue up 34-pct YoY to Rs.219Bn in FY 18/19
May 22, 2019 (LBO) - Sri Lanka's Hayleys PLC, group revenue expanded by 34 percent yoy to 219 billion rupees while operating profit before interest increased …
Sri Lanka arrests suspects of mob violence in the island
May 15, 2019 (LBO) - Sri Lanka's Police continued to arrest and remand dozens of persons linked to communal attacks in several towns in the island, which …
Comm Bank records PAT of Rs.3.2Bn in Q1 2019: Performance reflects impact of external factors
May 15, 2019 (LBO) - Sri Lanka's Commercial Bank of Ceylon PLC has reported gross income of 35.501 billion rupees for the three months ended March 2019, an …
Govt announces debt relief for tourism sector
May 08, 2019 (LBO) - Sri Lanka's government and cabinet yesterday gave a heads up for a ‘relief package’ to strengthen the tourism industry affected by the …
SriLankan Airlines appoints a new CCO and CFO
May 07, 2019 (LBO) - SriLankan Airlines has appointed Joshua Bustos as its chief commercial officer and Shaminda Samaraweera as its chief financial officer …
Sri Lanka tourist arrivals decline 7.5- pct in Apr 2019 : Q1 up 2.2-pct
May 07, 2019 (LBO) - Sri Lanka's tourist arrivals declined 7.5 percent during April 2019, latest data from the Tourisum Ministry show. However, a growth of 2.2 …