Moody’s Analytics Knowledge Services Lanka to expand its IT services
Oct 28, 2019 (LBO) – Sri Lanka's Board of Investment signed a supplementary agreement with Moody’s Analytics Knowledge Services Lanka (Pvt) Ltd to expand …
Industry
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Sri Lanka calls for collective action to address global challenges
Oct 28, 2019 (LBO) - Sri Lanka's Foreign Minister Tilak Marapana reaffirmed Sri Lanka's commitment to the founding principles of the Non-Aligned Movement and …
The Finance Company looking at a new investor
Oct 25, 2019 (LBO) – The Finance Company (TFC) is currently working with a company that has expressed its interest to invest at TFC as a shareholder through …
John Keells Hotels (KHL) reports losses of Rs470mn on 27% drop in revenue
October 25, 2019 (LBO) - Colombo Stock Exchange (CSE) listed John Keells Hotels PLC (KHL), the subsidiary of John Keells Holdings (JKH) which owns resort …
Otara Gunewardene resigns from Singer Sri Lanka board
Oct 25, 2019 (LBO) – Otara Gunewardene has tendered her resignation from Singer Sri Lanka board which will be effective from 31 December 2019. The company …
Sanken Construction to build 112-room hotel at Union Place under BOI deal
Oct 24, 2019 (LBO) – Sri Lanka's Board of Investment signed an agreement with Sanken Construction (Pvt) Ltd to construct and operate a 112 room hotel with an …
Central Bank to issue license cancellation notice to The Finance Company
Oct 23, 2019 (LBO) – Monetary Board of the Central Bank has decided to issue a Notice of Cancellation of the License issued to The Finance Company (TFC), …
Fitch affirms Melstacorp & Distilleries at ‘AAA’; outlook stable
Oct 23, 2019 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate Melstacorp and its subsidiary Distilleries …
Omega Line to reconstruct USD 24Mn Sri Lanka factory complex
Oct 22, 2019 (LBO) – Sri Lanka's Board of Investment has signed a deal with Omega Line to reconstruct its factory complex at the existing premises at …
Will Jaffna International Airport help the Northern economy take-off at last?
By Jekhan Aruliah The opening, strictly speaking the re-opening, of Jaffna International Airport (IATA airport code JAF) in October 2019 was one of the more …
Challenges faced by SL’s real estate market; A direct reflection of the economy
Oct 21, 2019 (LBO) - Real estate is one of the Sri Lanka’s major revenue-generating sources. The country’s post-war impressive growth has led this sector …
Real-time online payment facility for BOI customers
Oct 21, 2019 (LBO) - The Board of Investment of Sri Lanka has taken another significant step forward where customers have the convenience of making their …
ICRA Lanka revises outlook on issuer rating of BoC to negative
Oct 21, 2019 (LBO) - ICRA Lanka Limited, subsidiary of ICRA limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of Bank …
BOI enters into supplementary agreement with concrete poles manufacturer
Oct 18, 2019 (LBO) – Sri Lanka's Board of Investment signed a supplementary agreement with Senaka Zenn (Private) Limited to set up a project to manufacture …
Emirates unveils special fares from Colombo to Mexico City
Travel enthusiasts in Sri Lanka seeking new destinations to conquer can visit Mexico City at a significant saving from 9th December, when Emirates commences …
Colombo meeting presses for rationalization of areas of cooperation and adoption of a BIMSTEC Charter
Rationalization of areas of cooperation of Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC) and draft Charter of the …
Uber Eats marks first anniversary as online sales grow
Oct 18, 2019 (LBO) - Uber Eats, an on-demand food delivery app, has delivered more than 3 million orders and completed its first successful year of operations …
SriLankan Airlines clinches South Asia’s No 01 slot again
Oct 18, 2019 (LBO) - SriLankan Airlines was adjudged the ‘Leading International Airline’ in South Asia for the third consecutive year at the South Asian …
Opinion: Cigarette smuggling in Sri Lanka, Hype vs. Reality
By Harini Weerasekera In the run up to elections, Sri Lanka is once again witnessing various news activities highlighting how the government is losing revenue …
Hambantota International Port partners with NYK Japan
Oct 17, 2019 (LBO) – The Hambantota International Port Group (HIPG) has entered into a Terminal Service Agreement (TSA) with Japanese Shipping Conglomerate …