Sri Lanka’s private insurance providers exploit language barrier: Research
Jun 15, 2018 (LBO) – Sri Lanka’s top five general insurance providers which account for two-thirds of the market share, is seem to exploit the language …
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Sri Lanka to introduce Euro 4 fuel in July, No impact on current pricing
Jun 14, 2018 (LBO) - Sri Lanka's Ministry of Petroleum Resources Development said the Government will introduce Euro 4 fuel to the market and replace super …
Children in Sri Lanka at risk of entering adulthood at a disadvantage: UNICEF
Jun 14, 2018 (LBO) – Children in Sri Lanka are at risk of entering adulthood at a disadvantage to their peers, because they have not benefited from the good …
Fitch revises Sampath Bank outlook to stable from negative; affirms A+(lka)
Jun 13, 2018 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of Sampath Bank at A+(lka) and revised the outlook to stable from negative. …
Beira Lake to be developed into Commercial hub in Colombo
Jun 13, 2018 (LBO) - Over 200 acres of land around the Baire Lake in Colombo 02 belonging to the Ports Authority, Sathosa and Transport Ministry are being …
We won’t tolerate speculation further; if necessary will use all instruments to discipline
Jun 13, 2018 (LBO) – Sri Lanka’s Central Bank Governor warned forex market players saying that if necessary he is ready to use all the instruments they …
Sri Lanka appoints two state ministers and five deputy ministers
Jun 12, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena has appointed two state ministers and five deputy ministers. The seven new ministers and deputy …
Sri Lanka Eco summit to focus on the fast track to a turnaround
Jun 12, 2018 (LBO) - Sri Lanka Economic Summit 2018, organized by the Ceylon Chamber of Commerce to take place on 12th – 14th September at Cinnamon Grand …
All set for Tuesday summit between USA and North Korea in Singapore
Jun 11, 2018 (LBO) - The United States State Department says all is set and President Donald Trump is "well prepared," and their "position remains clear and …
SriLankan Airlines CEO Suren Ratwatte retires amid Commission hearings
June 08, 2018 (LBO) – SriLankan Airlines CEO Suren Ratwatte has submitted a letter announcing his early retirement, few days after Presidential Commission on …
Knuckles lands not given to investors; Bring evidence if you have: Minister
Jun 08, 2018 (LBO) - Sri Lanka's Minister of Public Enterprise and Kandy Development, Lakshman Kiriella denied allegations that he was involved in giving …
LBOTv chats with Chairman of Sri Lanka’s Blue Ocean S.Thumilan
The Blue Ocean Group of Companies has grown into a versatile conglomerate over the past few years. The group of companies engage in real estate, construction, …
Sri Lanka tourist arrivals up 6.2-pct in May, Crosses 1Mn mark for 2018
Jun 06, 2018 (LBO) - Sri Lanka's tourist arrivals were up 6.2 percent to 129.466 in May 2018 from a year earlier with arrivals in the first five months up …
Sri Lanka’s Ritz-Carlton Tower ready by 2021
Jun 06, 2018 (LBO) - One Transworks Square (Pvt) Ltd together with Zhong Tian Ding Hui (ZTDH) Company announced that it's 500 million dollar "THE ONE" …
New MLA amendments to restrict financing fiscal deficit by Central Bank
June 05, 2018 (LBO) – Sri Lanka’s Central Bank said there will be new legislative amendments to Monetary Law Act (MLA) to restrict financing the fiscal …
Presidential Commission on SriLankan, Mihin commences witness hearings
June 04, 2018 (LBO) – Presidential Commission appointed to look into alleged malpractices at SriLankan Airlines, SriLankan Catering, and Mihin Lanka …
IMF completes Sri Lanka’s 4th review; approves USD 252 mn disbursement
June 02, 2018 (LBO) – Executive Board of the IMF has completed the fourth review of Sri Lanka’s economic performance under the program supported by a …
Fitch Ratings to maintain a negative banking sector outlook for 2018
June 01, 2018 (LBO) – Fitch Ratings said they are maintaining a negative banking sector outlook for this year as operating conditions are likely to remain …
Sri Lanka exports up 6.3-pct to USD1.1Bn
Jun 01, 2018 (LBO) - Sri Lanka's overall exports were up by 6.3 percent to US 1.1 billion dollars with an increase in industrial exports, data from the …
Nawala, Dehiwala and Rajagiriya continue as property hot-spots : Report
By Lanka Property Web A recent study done by LankaPropertyWeb.com reveals the average residential land prices around Colombo and which areas the prices have …