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 …
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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 …
Central Bank suspends business of ETI Finance & Swarnamahal Financial Services
Jul 13, 2020 (LBO) – The Monetary Board (MB) of the Central Bank has decided to suspend the business activities of ETI Finance Ltd (ETIF) and Swarnamahal …
COVID-19 reshaping Sri Lanka’s real estate market: Prime Group
Jul 13, 2020 (LBO) - Sri Lanka’s residential apartment sales has been seeing renewed interest since January 2020 and post COVID -19 as well following a lull …
SL vehicle registrations upon preference for private vehicles for fear of COVID – 19 infection
Jul 13, 2020 (LBO) - In most categories there was a dramatic rebound to pre COVID19 levels, pent up demand, expectations of a stock out of dealer inventory and …
Senkadagala Finance receives USD 25mn facility from a Dutch development bank
Jul 10, 2020 (LBO) – Senkadagala Finance recently announced that it received a US $25 million 5 Year Green Investment Facility from Nederlandse …
Opinion: The myth: Self-sufficiency guarantees food security
By Sathya Karunarathne The novel coronavirus which drove cities and countries into lockdown has now sparked anxiety over a possible food crisis given the …
Refurbished CBD business centre in Col-01 is now available for rent
Jul 10, 2020 (LBO) - Cargo Boat Development Company PLC (CBD) - an associate company of the Renuka Hotels Group - has completed the refurbishment of its …
Extension of import controls further batters Sri Lankan economy: Advocata
According to the Extraordinary Gazette No 2182/10 of June 2020, import controls imposed by the earlier gazette Number 2176/19 of 22 May 2020 have been extended …
Sri Lanka tea average up in June 2020
Jul 09, 2020 (LBO) - Sri Lanka's national tea average for the month of June 2020 totalled Rs. 612.67 vis-à-vis Rs. 697.57 of May 2020, which was the highest …
Committee makes proposals to address irregularities in finance leasing businesses
Jul 08, 2020 (LBO) – The Committee appointed to examine irregularities and illegal activities of the leasing business, recommends short term and long term …
Sri Lanka’s Central Bank to develop Blockchain Technology based KYC Proof of Concept
Jul 07, 2020 (LBO) – Sri Lanka's Central Bank has entered into agreements to begin the process of developing a Blockchain Technology Based Shared …
ComBank ‘Arunella’ brings multiple COVID-19 relief initiatives to customers
As its commitments to providing relief to businesses affected by the COVID-19 pandemic continue to grow exponentially, the Commercial Bank of Ceylon has …
No change in interest rate paid to senior citizen’s deposits: Finance Ministry
Jul 07, 2020 (LBO) – Sri Lanka's Finance Ministry says that there has been no change in the interest rate paid on senior citizen's deposits and the interest …
Sri Lanka’s leading corporates believe ‘work from home’ is here to stay
Jul 07, 2020 (LBO) – It’s hard to draw positives from a global crisis such as COVID-19, one that has taken hundreds of thousands of lives and impacted …
Tourism Ministry and SLTDA to provide relief to industry stakeholders
Jul 06, 2020 (LBO) - To sustain the lives of employees directly involved in the tourism industry and linked to establishments registered with the Sri Lanka …
Opinion: Import controls – out of control?
By Erandi de Silva As the COVID-19 virus forced much of the world into lockdown, the scale of interdependence and reliance on trade across nations was apparent …