ABCs of investing in Sri Lankan real estate
By Lanka Property Web Imagine overlooking the crashing beach waves and feeling the cool ocean breeze stroking your cheeks as you sip on a cup of tea from the …
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Renuka Holding PLC to raise Rs.1Bn via rights issue on CSE digital platform
Dec 08, 2020 (LBO) - Renuka Holding PLC (RHL) has announced plans to raise Rs. 1.031 billion via a Rights Issue closing on the 16th of December to carry out …
World Bank says SL’s high-level of informal employment a concern
Dec 07, 2020 (LBO) - Around 70 percent of Sri Lanka's workforce are informally employed and there are generally three reasons to be concerned about high …
Standard Chartered supports SL’s economic recovery via financing facilities for PPE manufacturers
Dec 02, 2020 (LBO) - Standard Chartered Sri Lanka announced today the facilitation of financing for Industrial Clothing Limited (Midas Safety Sri Lanka) as …
Sierra Cables register commendable performance in 2Q; wins new tender for uPVC pipes
Sierra Cables, Sri Lanka’s leading manufacturer of copper and aluminium cables at the forefront of meeting multiple needs across industrial sectors, posted …
Private sector an equal partner in economic revival: Dr. Hans Wijayasuriya
Dec 02, 2020 (LBO) - Chairman of the Ceylon Chamber of Commerce has called on the private sector to be an equal partner in securing an accelerated economic …
Phase 5 of Jaya container terminal of SLPA commences
Dec 01, 2020 (LBO) - The construction of the phase 5 of the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) commenced today. The event was …
Sampath Bank offers attractive loans for commercial & residential solar power projects
Extending its support to the Sri Lankan Government’s intention to increase the use of solar power among commercial and residential sectors, Sampath Bank PLC …
OCTAVE: Integrating advanced analytics with front-line business decisions
OCTAVE, the John Keells Group’s Data and Advanced Analytics Center of Excellence is making strides to build a world-class analytics practice to derive the …
Sri Lanka vehicle registrations continue to dip in Oct 2020
Sri Lanka’s vehicle registrations in October hit a record low across the board, including all commercial vehicle categories, due to the economic impact of …
Sri Lanka Govt and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $165 million loan agreement to provide immediate financing support for small …
ADB to help SL small and medium-sized enterprises recover from COVID-19
The Asian Development Bank (ADB) has approved a $165 million loan to Sri Lanka to provide immediate financing support for small and medium-enterprises (SMEs), …
Antibiotic resistance: SLCPI calls for responsible antibiotics prescription, use
The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) reiterated its commitment towards raising awareness on ethical marketing, prescribing and use of …
Sri Lankan banks’ ratings unaffected by proposed FLC mergers: Fitch Ratings
Nov 23, 2020 (LBO) – The mergers of Sri Lankan finance and leasing company (FLC) subsidiaries with their parent banks will not have an immediate impact on …
Rigid Tyre plant to commence operations in mid-January boosting Sri Lankan exports
Rigid Tyre Corporation (Pvt) Ltd built with an investment of USD 250 million is slated for opening in mid-January 2021. The state-of-the-art, fully-integrated …
CA Sri Lanka, SDB sign landmark MoU to offer SMEs better access to finance
Nov 18, 2020 (LBO) – In a landmark move aimed at reinforcing the dynamic Small and Medium-Sized Enterprises (SMEs) in the country, the Institute of Chartered …
Sri Lanka targets 4-pct budget deficit of GDP by 2025
Nov 17, 2020 (LBO) - Sri Lanka plans to bring down it budget deficit to 4 percent by 2025 from the current 9 percent, Prime Minister and Finance Minister said …
Is now a good time to invest in real estate?
Nayana Mawilmada, Sector Head, John Keells Properties Real estate in central Colombo has been inaccessible to a majority of Sri Lankans for quite some time. …
ITC conducts webinar on GSP+ to discuss better-utilising concessions for local businesses
The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka organized a webinar on ‘GSP+ for Enhanced Market …