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 …
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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 …
Chinese delegation to visit Colombo today
Oct 08, 2020 (LBO) - A high-powered Chinese delegation led by former Chinese Foreign Minister and the current Communist Party Political Bureau member his …
Cabinet approves new orders for ‘Special Deposit Accounts’
Oct 07, 2020 (LBO) - The approval of the Cabinet of Ministers was granted at their meeting held in April 2020 for the issuance of orders under the foreign …
SLRA concludes webinars on recovering sales and profitability after the COVID pandemic
The Sri Lankan Retailers Association, the apex body for organised retailing in Sri Lanka, with a view to uplift the industry post COVID, carried out a series …
Ananda Sirisena & Co to launch Sri Lanka’s first-ever Company Secretarial App
Oct 07, 2020 (LBO) – With over 30 years of service to local and global clientele, renowned company secretaries Ananda Sirisena and Company (Private) Limited, …
Commercial Bank receives USD 50Mn equity from International Finance Corporation
Oct 07, 2020 (LBO) – The Commercial Bank of Ceylon has announced the completion of all formalities relating to the private placement of shares with the …