Uber announces new safety features for Sri Lanka
Feb 28, 2020 (LBO) - Uber announced the introduction of several new safety features such as an Uber Safety Helpline, RideCheck - a feature that detects trip …
Industry
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MillenniumIT ESP forms strategic partnership with MINT HRM
MillenniumIT ESP – one of Sri Lanka’s leading Systems Integrator and Information Systems provider recently formed a strategic partnership with MintHRM, a …
Power cut carried out on 03 February by CEB could have been avoided: PUCSL
Feb 27, 2020 (LBO) – Public Utilities Commission of Sri Lanka (PUCSL) says that the load shedding programme carried out on 03 February 2020 could have been …
Colombo District Land Valuations Indicator records 10.4-pct increase in 2H 2019
Feb 27, 2020 (LBO) – Land Valuations Indicator (LVI) for Colombo District compiled by the Central Bank has reached 138.9 during the 2nd half of 2019, …
Simplified payment solution for SMEs in Sri Lanka : Seylan Bank
Interview with Chaminda Senewiratne, head of digital banking, Seylan Bank ....... Could you briefly explain what “Seylan merchant portal” is? “Seylan …
SLTDA and BOI sign MoU to enhance cooperation between agencies
Feb 27, 2020 (LBO) - Sri Lanka Tourism Development Authority (SLTDA) and Board of Investment (BOI) signed a memorandum of understanding (MoU) to enhance the …
CPC fuel supply, deciding factor for Sri Lanka’s main power outages
Feb 26, 2020 (LBO) – Continuous fuel supply from Ceylon Petroleum Corporation (CPC) has become the principal deciding factor for an uninterrupted power …
International festival of creativity, ‘Epica Awards Sri Lanka’ debuts 5-6 March
Feb 26, 2020 (LBO) - For the first time in Epica Awards' 33 years history, Epica Awards Sri Lanka will take place between the 5th and 6th of March …
HNB posts group PAT of Rs. 15Bn
Feb 26, 2020 (LBO) - HNB PLC weathered external headwinds in 2019 to post 15 billion rupees in Group Profit After Taxes (PAT) and 14 billion rupees in Bank PAT …
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 …
SLTB deploys 16 luxury buses to operate Hambantota – Colombo expressway
Feb 25, 2020 (LBO) – Sri Lanka Transport Board (SLTB) has deployed 16 luxury buses to operate along the Hambantota - Colombo expressway. The deployment of …
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 …
SLPA signs consultancy deal to conduct feasibility for Colombo North Port
Feb 24, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) has signed the consultancy service agreement to conduct a feasibility study for the proposed Colombo …
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 …
Safer roads to add over USD1 Tn to South Asian economies
South Asia’s eastern subregion, comprising Bangladesh, Bhutan, India, and Nepal, needs to invest an estimated extra $118 billion in road safety over the next …
DFCC records Rs.2.8Bn PAT in 2019
DFCC Bank, the largest entity within the group recorded a profit after tax (PAT) of Rs 2,828 million for the year ended December 31, 2019 excluding the fair …
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 …
Sri Lanka to sign MoU with India to develop Jaffna International Airport
Feb 20, 2020 (LBO) – Sri Lanka will enter into a Memorandum of Understanding (MoU) with India to develop the Jaffna International Airport. The proposal made …