Sri Lanka SMEs call for deadline extension
Jan 22, 2020 (LBO) – Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) said that the landmark loan moratorium for SMEs offered by the …
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Startup XpressJobs receives Rs100mn investment from Emerging Media
Jan 20, 2020 (LBO) – Emerging Media, a location-based digital advertising company has invested 100 million rupees in XpressJobs in exchange for a 25 percent …
Mobitel & ‘CareerMe’ takes on career guidance for students, teachers and parents
Reiterating its pledge in leading Sri Lanka towards an info com and knowledge rich society, Mobitel, Sri Lanka’s National Mobile Service provider, has …
Central Bank issues circular to banks about new credit support scheme for SMEs
Jan 14, 2020 (LBO) – Sri Lanka’s Central Bank says that based on the discussions they had with banks, it is observed that the proposed credit support …
Sri Lanka unemployment up to 5.1-pct in Q3 2019
Jan 08, 2020 (LBO) - T h e n u m b e r o f unemployed persons is estimated as 437,797 or 5.1 percent during the third quarter 2019, latest data show. Overall …
LankaPropertyWeb sets up new Property Centre
Jan 08, 2020 (LBO) - Following over a decade of successful operation of helping people find, sell and rent property in Sri Lanka, LankaPropertyWeb.com which …
Opinion: Tobacco smoking in Sri Lanka, going the last mile
Chathurga Karunanayake and Chamini Thilanka Despite multiple measures by successive governments to bring down tobacco prevalence in Sri Lanka, still more than …
Mobitel offers attractive data plans for YouTube, Facebook and WhatsApp
Understanding the rapid demand for videos, Mobitel has announced the launch of its latest proposition, offering both Pre-Paid and Post-Paid customers to stream …
‘Manufacturing in 2020: Connecting machines to networks and companies to end-consumers’
Antony Bourne - President- IFS Industries While change is buffeting the industrial manufacturing industry from a number of directions, the most disruptive …
57-pct of Sri Lankans unwilling to pay higher food bill to protect local industry – Advocata Survey
A survey commissioned by the Advocata Institute in April 2019 revealed that 57% of Sri Lankans were unwilling to pay extra for food, even if it meant that the …
Sri Lanka tea exports up in Nov 2019
Jan 02, 2020 (LBO) - Sri Lanka tea exports for November 2019 totalled 21.9 M/kgs, showing a marginal gain of 0.6 M/kgs vis-à-vis 21.3 M/kgs of November 2018, …
Inland Revenue Dept. issues the list of VAT registration deactivated persons
Jan 01, 2020 (LBO) – Sri Lanka’s Inland Revenue Department has published the complete list of persons & businesses whose taxable supply has never …
Fitch revises Outlook on Sri Lanka Telecom to Negative; affirms at AA+
Dec 23, 2019 (LBO) – Fitch Ratings has revised the Outlook on Sri Lanka Telecom PLC's (SLT) National Long-Term Rating to Negative from Stable and affirmed …
Opinion: Paving way towards safer Sri Lanka for women and girls
(UNFPA) - Violence against women and girls is one of the most prevalent human rights violations in the world. The costs of violence are extremely high and …
Government directs banks to suspend recovery of SME loans
Dec 20, 2019 (LBO) – Sri Lanka’s Finance Ministry says the government has issued directives to Chairmen and CEOs of all banks to suspend the recovery of …
President appoints tech-studded ICTA board to drive digital Sri Lanka
Dec 20, 2019 (LBO) - In line with his vision for a Sri Lanka driven by technology, President Gotabaya Rajapaksa has appointed a tech-studded board for the …
Opinion: Gender dimension of remittances to Sri Lanka: Who remits more?
Bilesha Weeraratne Remittances are often considered a stable and a reliable source of development financing. In 2018, remittances to Sri Lanka totaled to USD …
Singapore fashion platform buys Lankan software firm nCinga for USD15.5mn
Dec 17, 2019 (LBO) – Singapore-based fashion platform Zilingo has acquired Sri Lanka-based software-as-a-service (SaaS) firm nCinga Innovations for 15.5 …
Sri Lanka economy boosted after election by local investor activity: ICRA
Dec17, 2019 (LBO) - Sri Lanka's overview activities in the economy improved post presidential election driven by positive sentiments from the local investors, …
Tax reduction allows Sri Lankan traders to import wheat flour instead of wheat grain
Dec 16, 2019 (LBO) – Sri Lanka's government has removed the consolidated Tax of 36 rupees per kilogram of imported wheat flour and replaced it with the …