BOI signs agreement with Vallibel Properties to construct its landmark building
Jul 29, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Vallibel Properties Limited to construct its state-of-the-art …
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Traveling to Dubai and beyond: new guidelines issued for passengers
Jul 28, 2020 (LBO) - Customers from across Emirates’ network can now travel to Dubai as the city has re-opened for business and leisure visitors with new air …
United States works with Sri Lankan apparel industry to increase PPE exports
Jul 27, 2020 (LBO) – The United States is helping Sri Lankan apparel producers to export Personal Protective Equipment (PPE) to the United States. In …
Fitch affirms ratings of People’s Bank and Bank of Ceylon; Outlook Negative
Jul 27, 2020 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of People's Bank at 'AA+(lka)' with a Negative Outlook. Fitch Ratings has also …
Opinion: COVID–19 is accelerating the technology takeover
by Shanil Fernando (Co-founder & MD of Sysco LABS) The COVID-19 pandemic has revealed a great deal of vulnerabilities in our world and our way of life …
Fitch plans to withdraw ratings of Kotagala Plantations
Jul 27, 2020 (LBO) - Fitch Ratings plans to withdraw the ratings of Kotagala Plantations PLC for commercial reasons on or about 21 August 2020, which is …
South assures President historical win at General Election
Jul 24, 2020 (LBO) - People of Galle assured President Gotabaya Rajapaksa that the South is more than prepared to strengthen his administration to combat …
ICRA Lanka reaffirms the ratings of Bogawantalawa Tea Estates PLC
Jul 23, 2020 (LBO) - ICRA Lanka Limited has reaffirmed the issuer rating of [SL]BBB+ (pronounced SL triple B plus) with Negative Outlook for Bogawantalawa Tea …
9 new innovators selected virtually for second batch of Fashion for Good’s South Asia Innovation Programme
Jul 23, 2020 (LBO) - Fashion for Good, a global platform for innovation, welcomes 9 start-up innovators into the second batch of its regional Programme. …
New head appointed to head London Stock Exchange’s Shared Services Centre in Sri Lanka
Jul 22, 2020 (LBO) - London Stock Exchange Group (LSEG) has announced today that Arjuna Nanayakkara has been appointed as the Head of Shared Services Centre …
Compensation payments for ETI Finance & SFSP depositors to be commenced from Saturday
Jul 22, 2020 (LBO) – Compensation payments to the depositors of ETI Finance Limited (ETIFL) and Swarnamahal Financial Services PLC (SFSP) is to be commenced …
Pandemic sparks digitization drive among Asian firms: HSBC
Jul 22, 2020 (LBO) - COVID-19 has forced Asian corporates to confront their business resilience in an unprecedented way, underlining the urgent need for …
People’s Bank slashes loan interest rates up to 6-pct for SMEs & 9-pct for personal loans
Jul 21, 2020 (LBO) – People’s Bank has announced special concessionary interest rates across the board with almost all of them at single-digit levels. …
Pandemic to cost rated Sri Lankan corporates LKR 30bn in revenue: Fitch Ratings
Jul 21, 2020 (LBO) – Rated Sri Lankan corporates are set to lose around LKR30 billion in revenue in the financial year ending March 2021 due to the …
Sri Lankan banks’ ratings under pressure as operating conditions weaken: Fitch
Jul 20, 2020 (LBO) – Fitch Ratings revised down the operating environment (OE) score for Sri Lankan banks to 'b-' from 'b' in May 2020 after the sovereign …
Interview: Our aim is to provide a better 4G experience, HUTCH CEO
With the completion of its bigger and better island wide 4G network in February this year, HUTCH is on course to enhance its brand presence and further …
Opinion: A return to import substitution won’t deliver rapid growth
R.D.R. Jayampathi Sri Lanka has imposed increasing levels of controls on imports since March 2020. While this was partly a reaction to a balance of payments …
SLTDA creates provisional licensing to assist SMEs
Jul 15, 2020 (LBO) - SLTDA creates provisional licensing to assist SME’s enabling them to seek COVID-19 health certification to host tourists in the future. …
Nokia and SLT deploy next generation fiber network for ultra-fast broadband access
Jul 15, 2020 (LBO) - Sri Lanka Telecom PLC (SLT), one of the leading telecom service providers in Sri Lanka, will deploy a fiber-to-the-home (FTTH) network …
Interview: Seylan Merchant Portal, simplified payment solution for SMEs in SL
Interview of Chaminda Senewiratne, head of Digital Banking, Seylan Bank PLC. Could you briefly explain what “Seylan merchant portal” is? “Seylan …