Challenges for Colombo Port City amidst uncertainty & volatility of current markets
Jun 22, 2020 (LBO) – PricewaterhouseCoopers (PwC) Sri Lanka recently hosted a webinar on Colombo Port City and its potential impact on the Sri Lankan …
Industry
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People’s Bank introduces multiple loan schemes in line with government direction
Jun 22, 2020 (LBO) – The Chairman and Board of Directors together with the management of the People’s Bank in accordance with the direction of the …
Only the rate cut of CB not enough: Cabraal
Jun 19, 2020 (LBO) - Sri Lanka needs to think out of the box and have a different approach to the present local and world economic crisis stemming from COVID …
“Exporters optimistic about new market opportunities” new USAID survey
Jun 19, 2020 (LBO) - “Sri Lankan exporters are cautiously optimistic about business continuity amidst a global pandemic,” reveals the findings of a new …
Fitch revises outlooks of HNB Assurance, HNB General Insurance to stable
Jun 19, 2020 (LBO) – Fitch Ratings has revised the rating Outlooks of Sri Lanka-based life insurer HNB Assurance PLC (HNBA) and its fully owned non-life …
Developing Asia to grow just 0.1-pct in 2020:ADB
Jun 19, 2020 (LBO) - Developing Asia will barely grow in 2020 as containment measures to address the coronavirus disease (COVID-19) pandemic hamper economic …
Crescat Boulevard mall be revamped
Jun 17, 2020 (LBO) - Asian Hotels and Properties PLC (AHPP) announced that it would be moving forward with major investments towards the refurbishment of …
‘Softlogic Invest’ launches Equity Fund & Money Market Fund
Jun 17, 2020 (LBO) – Softlogic Invest, the Asset Management arm of Softlogic Capital, recently launched two unit trusts or mutual funds - Softlogic Equity …
Dedicated credit scheme to be introduced for construction sector
Jun 16, 2020 (LBO) – Sri Lanka's Central Bank is to introduce a new facility for the construction sector enterprises to borrow from Licensed Commercial …
Emirates to begin outbound flights from Colombo on 20 June
Jun 16, 2020 (LBO) - Emirates has announced the launch of outward-bound passenger flights from Sri Lanka, starting Saturday 20 June 2020, to facilitate travel …
Developers confident Sri Lanka real estate will regain momentum
Jun 16, 2020 (LBO) - Sri Lanka’s construction sector which ranks as the 5th highest in the nations GDP earnings, after services, manufacturing, agriculture …
State Banks must play their bounden role in economic revival: President
Jun 16, 2020 (LBO) - The State Banks should make their bounden contribution to rebuild the economy which is in a perilous state due to COVID – 19 pandemic. …
Jaffna’s Institute of Medical Sciences bringing medical careers and care to the Northern Province
By Jekhan Aruliah During the 2020 COVID-19 “Corona” Virus pandemic we really loved our health workers. We all loved them because COVID-19 hit everyone. Not …
ADB approves USD3Mn grant to assist Sri Lanka’s response to COVID-19
Jun 12, 2020 (LBO) - The Asian Development Bank (ADB) has approved a $3 million grant from its Asia Pacific Disaster Response Fund (APDRF) to further …
Housing for middle and low income families a priority: President
Jun 12, 2020 (LBO) - President Gotabaya Rajapaksa instructed the officials of the State Development and Construction Corporation to pay attention to the …
PUCSL to fine-tune externality, social and environmental cost of thermal power generation
Jun 12, 2020 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, is all set to fine-tune the externality cost – …
Foreign Ministry helps local exporters overcome adverse impact of COVID 19
Jun 12, 2020 (LBO) - Comprehensive measures taken by the Ministry of Foreign Relations, in close coordination with the key Government Economic Agencies and the …
PR Wire expands into insights and intelligence services
Expanding its Strategic Public Relations offering, PR Wire, a leading Public Relations Consultancy, launched PR Wire Intel™, delivering powerful business …
Nations Trust Bank offers easy access to your statements
Jun 10, 2020 (LBO) - Nations Trust Bank achieved another “first” in the industry by introducing “Nations Online Statement Platform”. Customers of …
President reviews issues in private bus sector
Jun 09, 2020 (LBO) - President Gotabaya Rajapaksa pointed out the importance of developing the service provided of private bus owners in a systematic manner …