Developing human capital key for SL’s to become upper-middle-income economy
Sep 27, 2019 (LBO) - Sri Lanka needs to invest in people to unlock its productive potential, a senior official said. “People are the most valuable resource …
Industry
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Morison receives shareholder approval to delist from CSE
Sep 27, 2019 (LBO) – The shareholders of Morison have approved the delisting of its voting and non-voting shares from the CSE by way of a special resolution, …
Noolaham Foundation preserves the past to enrich the future
By Jekhan Aruliah We can be so blinded by the white hot heat of innovation that we fail to see the red embers of renovation. We are so focussed on finding …
Sri Lanka’s lending rate cut is credit negative for banks: Moody’s
Sep 27, 2019 (LBO) – Sri Lanka’s recent lending rate cut will compress banks' net interest margins (NIMs) and add to their existing profitability …
Economist Deshal de Mel rejoins Sampath Bank Board
September 27, 2019 (LBO) - Economist Deshal de Mel has been appointed as an Independent Non-Executive Director to the board of Sampath Bank. De Mel perviously …
Salaries of public servants to be increased from Jan 2020: Fin Min
Sep 27, 2019 (LBO) - The monthly salary of all public servants will be increased by a minimum amount of 3000.00 rupees and, a maximum of 24,000.00 rupees per …
Ceylinco Life named one of Sri Lanka’s 10 most admired companies
Sep 27, 2019 (LBO) - Ceylinco Life Insurance was named among the 10 most admired companies in Sri Lanka at the 2019 edition of the International Chamber of …
Shangri La’s ‘One Galle Face’ mall to open November 8th
September 26, 2019 (LBO) - In an opening that will transform the retail sector in Sri Lanka, Shangri La has announced it will open its shopping mall called …
Sri Lanka reserves at USD 8.3bn at end Jul 2019
Sep 26, 2019 (LBO) - Sri Lanka's gross official reserves stood at US 8.3 billion dollars by end July 2019, equivalent to 4.9 months of imports, the Central …
Sri Lanka trade deficit widens in July; export earnings decline
Sep 26, 2019 (LBO) - The trade deficit widened in July 2019 as exports fell more than the decline in imports, new data shows. Export earnings recorded a …
Video: CNN’s Richard Quest on Sri Lanka’s Future of Tourism
September 25, 2019 (LBO) - Delivering a keynote address to tourism industry leaders in Sri Lanka, CNN Travel Correspondent Richard Quest addressed the audience …
Central Bank withdraws order on maximum interest rates on deposits
Sep 25, 2019 (LBO) – The Monetary Board of the Central Bank has decided to withdraw the Monetary Law Act Order No. 01 of 2019 issued on 26 April 2019 …
International expert calls for policy recalibration to support property development
Sep 25, 2019 (LBO) - The future of Sri Lanka’s economic development hinges on how domestic policies towards real estate evolve, particularly with respect to …
Central Bank orders banks to reduce loan interest rates by 200 bps by mid-October
Sep 24, 2019 (LBO) – Monetary Board of the Central Bank has decided to order the Licensed Banks to reduce interest rates applicable on all rupee-denominated …
Over 150,000 people to return home after Thomas Cook ceased trading
Sep 24, 2019 (LBO) – UK Civil Aviation Authority launched largest peacetime repatriation to bring more than 150,000 people back to the UK after the UK tour …
SriLankan Engineering welcomes its latest customer Air Seychelles
Sep 24, 2019 (LBO) – SriLankan Engineering, the aircraft Maintenance Repair Organisation (MRO) of SriLankan Airlines, welcomed a new airline customer – Air …
Grace period for motor vehicles pending clearance at Hambantota Port
Sep 24, 2019 (LBO) – Sri Lanka's government has decided to declare a grace period for motor vehicles imported during the period of January 2015 to November …
Sri Lanka’s Hambantota Maritime Centre 95-pct occupied: HIPG
Sep 24, 2019 (LBO) – Eighteen months to the formation of HIPG, the public-private partnership between CMPort and the Sri Lanka Ports Authority (SLPA), to …
Expolanka settles litigation against US subsidiary with USD6.75mn payment
Sep 24, 2019 (LBO) – Expolanka’s US-based fully owned subsidiary, Expolanka USA LLC, at a mediation held in New Jersey has resolved to conclude a dispute …
Ceylon Chamber’s ‘Future of Business’ event to help reimagine future of work
Reimagining the future of work, will be the focus of the Ceylon Chamber’s third consecutive ‘Future of Business’ innovation strategy and learning event. …