Sri Lanka Ports Authority implements program to prevent virus outbreak
Feb 05, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) has implemented a program to prevent the spread of Novel Coronavirus from all ports including the Port …
Industry
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Sri Lankan Airlines corruption scandal reveals need for deeper structural reform in SoEs : Advocata
Weak governance has led to large scale corruption in state enterprises. Sri Lankan airlines has made Rs. 169 billion in losses since nationalisation in 2009. …
Sri Lanka can boost its development tapping agriculture and new technology : WB
Feb 05, 2020 (LBO) - The World Bank reaffirmed its continued support to Sri Lanka’s growth and development for the benefit of all its people, …
Crysbro energises sustainable farming practices with solar power
Feb 03, 2020 (LBO) - In a major step in its continual efforts to embrace sustainable farming practices across all layers of its operations, leading Sri Lankan …
President orders full probe into allegations over Airbus deal
Feb 03, 2020 (LBO) - President Gotabaya Rajapaksa has ordered a comprehensive investigation into reports of allegations over financial irregularities said to …
SriLankan Airlines expresses gratitude to its courageous crew members & staff
Feb 01, 2020 (LBO) – SriLankan Airlines expresses its profound gratitude to its patriotic and loyal staff members who volunteered to operate Flight UL1423, …
Manjula de Silva appointed Sec Gen & CEO of Ceylon Chamber of Commerce
Jan 30, 2020 (LBO) – Manjula de Silva will assume duties as the Secretary-General and CEO of the Ceylon Chamber of Commerce, from February 1st, 2020, the …
Current trends may lead to undesirable turnaround in market lending rates
Jan 30, 2020 (LBO) – Market lending rates have adjusted downwards, in response to monetary and regulatory measures taken by the Central Bank, but the pace of …
Sri Lanka’s private sector credit growth picks up in December
Jan 30, 2020 (LBO) – Growth of credit extended to the private sector has picked up in December 2019, on a year-on-year basis, following a continued slowdown …
Colombo Chamber submits proposal to effectively implement SME moratorium
Jan 29, 2020 (LBO) – Colombo Chamber of Commerce has decided to submit several proposals for the effective implementation of the moratorium for SMEs and …
Maldivian hotels resume operations, Avg room rates above expectations: JKH
Jan 29, 2020 (LBO) – Sri Lanka’s diversified John Keells Holdings says that all four of their Maldivian hotels are now in operation with the completion of …
John Keells Holdings Dec quarter net profit down by 50-pct
Jan 29, 2020 (LBO) – Profit attributable to equity holders of Sri Lanka’s diversified John Keells Holdings in the third quarter at 2.40 billion rupees is a …
Lanka IOC (LIOC) reports profit of Rs490mn for the quarter
January 29, 2020 (LBO) - Colombo Stock Exchange listed Petroleum retailer Lanka IOC (LIOC) has reported a profit of Rs490mn for the quarter ended December 31, …
Sri Lanka SME credit support scheme has limited effect on banks: Fitch Ratings
Jan 29, 2020 (LBO) – A scheme for Sri Lankan banks to provide special credit support to SMEs this year should not have a material effect on banks' credit …
SL presents USD16Bn opportunity for pvt sector to invest in sustainable development: SC Bank
Jan 29, 2020 (LBO) - Opportunity2030: The Standard Chartered SDG Investment Map reveals an almost USD 10 trillion (USD 9.668 trillion) opportunity for …
Asian Hotels (AHPL) reports a revenue decline of 21% in the December quarter
January 28, 2020 (LBO) - Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported a profit of Rs43mn for the December quarter, while revenue …
John Keells Hotels (KHL) reports a quarterly loss of Rs398mn
January 28, 2020 (LBO) - Colombo Stock Exchange listed John Keells Hotels (KHL) reported a loss of Rs389mn in the quarter ended last December. Nine month …
Ravi Wijeratne slips away from taking over MTD Walkers
Jan 28, 2020 (LBO) – Sri Lankan businessman, Ravindranath Srilal Wijeratne, alias Ravi Wijeratne has slipped away from taking over MTD Walkers. According to …
Sri Lanka suspends On Arrival Visa for Chinese tourists after first patient detected
Jan 28, 2020 (LBO) – Sri Lanka has suspended issuing on-arrival visas for Chinese tourists after detecting the first patient with coronavirus in the country. …
Sri Lanka vehicle registration in Dec 2019 subdued
Jan 28, 2020 (LBO) - Sri Lanka's total car registrations recorded 2,057 units in December 2019 marginally up from 2,030 units in November but down from 2,669 …