SLTDA streamlines tourism investment approval process
Oct 26, 2020 (LBO) - Sri Lanka Tourism Development Authority (SLTDA) has made the tourism investment process easy by streamlining the project approval process …
Companies
Richard Pieris Group invests Rs. 1Bn in Richard Pieris Finance Ltd
Oct 26, 2020 (LBO) - Richard Pieris Finance Ltd is a member of the Richard Pieris Group, a diversified conglomerate with a workforce of 28,000 employees, the …
Hemas Hospital Thalawathugoda issues statement regarding Covid-19 positive patient
Oct 23, 2020 (LBO) – Hemas Hospital Thalawathugoda in a statement to media said that a patient who visited the Emergency Treatment Unit (ETU) of the Hospital …
Fitch affirms Melstacorp & subsidiary Distilleries at ‘AAA(lka)’; outlook stable
Oct 20, 2020 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp PLC, and its subsidiary, …
CSE approves Softlogic Finance Rs 1.9Bn Rights Issue
Softlogic Finance PLC received Colombo Stock Exchange (CSE) approval for its Rights Issue of Rs 1.9 billion and the Extraordinary General Meeting of the …
NBFI sector to record weakest performance in current decade with substantial loss: FCR
Oct 17, 2020 (LBO) – Sri Lanka's Non-Bank Financial Institution (NBFI) sector may record a substantial loss in FY21E, the weakest performance in the current …
Exporters outlook for business and economy improves; Report
Sri Lankan exporters are more positive in their outlook with expectation for a moderate growth for export business and the economy over the next 12 months as …
UB Finance announces Rs. 1.6 billion rights issue
Oct 16, 2020 (LBO) – UB Finance, a subsidiary of Union Bank of Colombo has announced an LKR 1.6 billion rights issue to strengthen its balance sheet and meet …
Seylan Bank drives digital transformation journey with Fiorano
Oct 15, 2020 (LBO) - Seylan Bank recently announced their successful implementation of the Fiorano Hybrid Integration Platform (HIP). Fiorano Software, a …
Opinion: Disproportionate impact of COVID-19 on women in Sri Lanka
Shihara Maduwage Media and Communications Officer, EQUAL GROUND For months, Sri Lanka has been celebrated as a nation that succeeded in containing the spread …
Flemington launches third apartment project
Following the success of The Flemington’s first and second condominium development projects at Rajagiriya and 1O3 Campbell, the property developer is all set …
Cabinet approval to reorganize Non-Bank Financial Institutions Supervision Department
Oct 13, 2020 (LBO) – Sri Lanka's Cabinet of Ministers has approved a proposal to completely reorganize the Department of Supervision of Non-Bank Financial …
DIMO and NTB partner to offer exclusive leasing solutions
DIMO, the only Authorized General Distributor for Mercedes-Benz and Jeep in Sri Lanka, has continued to highlight its strong commitment towards providing …
SLs trade institutions to leverage statistics backed analysis for better policy
The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka successfully completed a specialized training in …
John Keells Properties unveils residential developments at Victoria Golf & Country Resort
Oct 12, 2020 (LBO) - John Keells Properties (JKP) unveiled plans for the development of exclusive townhouses and bespoke luxury villas at the internationally …
Sri Lanka and China discuss economic revival and COVID-19 assistance
Oct 11, 2020 (LBO) - As part of the Government’s sustained efforts at strengthening neighbourly relations, the Foreign Ministry facilitated on Friday (9/10) …
Fitch publishes Lakdhanavi Limited’s first time ‘AA+(lka)’ rating
Oct 11, 2020 (LBO) – Fitch Ratings has published Sri Lanka-based power producer Lakdhanavi Limited's first-time National Long-Term Rating of 'AA+(lka)'. The …
Brandix stands firm that it followed all quarantine protocols
Oct 11, 2020 (LBO) – Brandix on Sunday said that they can confirm with proof that all stipulated protocol was followed concerning their employees and …
Registrar of Companies Dept. temporarily closes to public
Oct 09, 2020 (LBO) - The Department of Registrar of Companies has decided to temporarily suspend the entry of public to the premises until further notice, a …
UNDP and VTA partner for skills development of youth
Oct 08, 2020 (LBO) - The United Nations Development Programme (UNDP) and the Vocational Training Authority of Sri Lanka (VTA) signed a Memorandum of …