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 …
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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. …
UNFPA & designer Amilani Perera raise awareness on violence against women
Violence against women and girls is one of the most prevalent human rights violations in the world. It knows no social, economic, or geographic boundaries and …
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 …
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 …
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 …
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 …
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 …
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 …
Central Bank approved Rs.53Bn for 20,240 COVID-19 affected businesses
Jul 06, 2020 (LBO) - The Central Bank, in consultation with the Government of Sri Lanka, has introduced the Saubagya Covid-19 Renaissance Loan Scheme to …
Foreign Minister outlines Sri Lanka’s digital responses to COVID -19
Jul 06, 2020 (LBO) - The leadership of President Gotabaya Rajapaksa and the effective use of technology in a whole – of – government approach has enabled …
Sri Lanka not among 15 countries that lifted non-essential travel to the EU
Jun 29, 2020 (LBO) – The Delegation of the European Union (EU) to Sri Lanka and the EU Member States Embassies in Colombo issuing a clarification on lifting …