COVID-19 outbreak likely to affect Sri Lanka’s economic performance : Central Bank
Mar 05, 2020 (LBO) - The exact impact on the Sri Lankan Economy would depend on the extent of the global spread of the COVID-19 outbreak, its persistence and …
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Policy interest rates of Central Bank of Sri Lanka to remain unchanged
Mar 05, 2020 (LBO) - The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 04 March 2020, decided to maintain the Standing Deposit …
Sri Lanka national tea sale average up in Feb 2020; Highest since April 2018
Mar 05, 2020 (LBO) - National average for the month of February 2020 totalled Rs. 601.91 vis-à-vis Rs. 588.85 of January 2020, showing an increase of Rs. …
Our people-centric economic model aims at overcoming development slowdown:President
Mar 05, 2020 (LBO) - Accelerating our economic development is the primary challenge facing Sri Lanka today and most of the security issues that Sri Lanka has …
Sri Lanka Finance companies face added regulatory pressure
Mar 03, 2020 (LBO) - Sri Lanka's finance and leasing sector will face added pressure for consolidation as deadlines for the implementation of tougher …
Sanjaya Mohottala assumes duties as DG, BOI
Sanjaya Mohottala yesterday assumed duties as the new Director General of the Board of Investment of Sri Lanka. Mohottala was a Managing Director and Partner …
Securities and Exchange Commission DG removed with immediate effect
Mar 02, 2020 (LBO) - Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane, appointed in 2015 with an overall service to the …
Melstacorp’s healthcare expansion to diversify cash flow: Fitch Ratings
Feb 28, 2020 (LBO) – Melstacorp PLC's foray into the Sri Lankan healthcare industry will help diversify its cash flows away from its focus on spirits over …
HNB clinches top spot on Business Today rankings
HNB PLC secured the No. 1 ranking on the prestigious ‘Business Today Top 30’, further consolidating on a remarkable reputation for excellence and a legacy …
New ADB head pledges to support development in public and private sectors
Feb 25, 2020 (LBO) - The new Asian Development Bank (ADB) Country Director in Sri Lanka, Chen Chen, assumed office in Colombo Monday. “I am honored to assume …
Seylan Bank closes 2019 with Rs3.68Bn profit; crosses Rs500Bn in total assets
In the backdrop of challenging external environment, Seylan Bank recorded a profit after tax of Rs.3.68 Bn for the year ended 31st December 2019. Successful …
Mobitel introduces latest Apple iPad 2 and watch
As the authorized reseller for apple devices ranging from iPhones, iPads, Apple watches, Mobitel is introducing the next generation Apple iPads and Apple Watch …
Commercial Bank profits marginally up in December quarter
Feb 24, 2020 (LBO) – Sri Lanka’s Commercial Bank group reported a net profit of 5.9 billion rupees showing a marginal improvement of equity holder’s …
Pan Asia Bank records its best-ever financial results
Pan Asia Banking Corporation PLC, “the Truly Sri Lankan Bank” ended 2019 Q4 with its best financial results ever, to report a Post Tax Profit of Rs.726.84 …
NDBIB wraps up 2019 with Rs.62Bn in Capital raisings
Feb 20, 2020 (LBO) - NDB Investment Bank (NDBIB) continued to execute milestone transactions in 2019, reiterating its position as the unrivalled leader in …
Sri Lanka’s Dialog Axiata inks USD 250Mn investment agreement with BoI
Feb 19, 2020 (LBO) - Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), …
John Keells Properties partners with Union Assurance to provide life cover for TRI-ZEN customers
John Keells Properties signed a partnership agreement with Union Assurance -one of the country’s leading life insurance providers for corporates and …
Sri Lanka vehicle registrations rebounds in Jan 2020
Feb 18, 2020 (LBO) - Sri Lanka's total car registrations recorded 2,536 units in January up from 2,057 units in Dec but down from 3,147 units 12 months ago, a …
HNB Finance IPO oversubscribed on opening day
Feb 17, 2020 (LBO) - HNB Finance Limited’s initial public offering through an offer for sale of 10 million ordinary voting shares at 5.70 rupees per share …
Sri Lanka’s Paragon Holdings launch augmented reality app
Feb 17, 2020 (LBO) - Paragon Holdings, specialising in outdoor advertising, TV & Radio advertising production, event management, and digital marketing …