Fin Min orders investigation on liquor licenses issued without approval
Sep 16, 2019 (LBO) - Sri Lanka's Finance Minister has orderd authorities to investigate and report to him on how liquor licenses were issued for taverns …
Industry
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EU delegation visits Katunayake export zone
Sep 16, 2019 (LBO) - A delegation consisting of five senior officials of the European Commission visited the Katunayake Export Processing Zone recently in …
Forward tourist bookings have fully recovered – JKH Deputy Chair
September 12, 2019 (LBO) - Forward bookings in the tourism sector of Sri Lanka's largest conglomerate, John Keells Holdings (JKH), have fully recovered on a …
Fitch affirms Hatton National Bank at ‘AA-(lka)’; Outlook stable
Fitch Ratings has affirmed Sri Lanka-based Hatton National Bank PLC's (HNB) National Long-Term Rating at 'AA-(lka)'. The Outlook is Stable. At the same time, …
FM Marapana calls for peaceful engagement in Indian Ocean at IORA conference
Sep 11, 2019 (LBO) - Foreign Minister Thilak Marapara called for cooperation and peaceful engagement in the Indian Ocean maritime domain by IORA members for …
Japanese investor to start manufacturing flexible packaging for Sri Lanka Tea Industry
Sep 09, 2019 (LBO) – Sri Lanka's Board of Investment signed an agreement with a Japanese company to establish a plant that will be manufacturing flexible …
CCC biz conclave draws foreign participants for agri, power , tourism, exports, infrastructure
Sep 09, 2019 (LBO) - The Sri Lanka Investment and Business Conclave 2019 has shown a rise in interest for agriculture, power and energy, infrastructure …
Sri Lanka Singapore Business Council promotes Brand SL and showcases tech talent
SLSBC over the years has played the role of the catalyst to its members and other Sri Lankan corporates to promote bilateral trade between the two countries. …
SL and Australia to strengthen cooperation to counter people smuggling
Sep 06, 2019 (LBO) - Sri Lanka and Australia have re-dedicated themselves to counter people smuggling and discussed in detail avenues for strengthening …
Sri Lanka Tourism launches one-day license renewal service for service providers
Sep 05, 2019 (LBO) - As an initiative to facilitate the renewal of licenses much faster which is an annual requirement and to deliver enhanced satisfaction to …
Sri Lanka tourist arrivals drop in Aug 2019: Europe picks up
Sep 05, 2019 (LBO) - The total number of international tourist arrivals to Sri Lanka during August 2019 was 143,587, a decline of 28.3 percent when compared …
Morison initiates second attempt to delist from Colombo Stock Exchange
Sep 04, 2019 (LBO) – The Board of Directors of Morison by way of a circular resolution dated yesterday, has resolved to initiate the delisting of the …
American Chamber of Commerce in Sri Lanka calls upon Govt to approve MCC
Sep 03, 2019 (LBO) – The American Chamber of Commerce in Sri Lanka calls upon the Government to approve the Millenium Challenge Corporation (MCC) Compact, …
Colombo District Land Price Index records 13.6-pct increase in 1H 2019
Sep 03, 2019 (LBO) – Land Price Index for Colombo District, compiled by the Central Bank has reached 132.2 during the 1st half of 2019, recording an increase …
Union Bank explores strategic options for subsidiary, UB Finance
Sep 03, 2019 (LBO) - Sri Lanka’s Union Bank said that it was in discussions with identified investor/s to explore strategic options for its subsidiary, UB …
CCC holds 18th AGM of Sri Lanka – China Business Council
Sep 03, 2019 (LBO) - The 18th annual general meeting of the Sri Lanka – China Business Council (SLCHBC) of the Ceylon Chamber of Commerce was held recently …
Fitch affirms rating of some Sri Lanka banks
Sep 03, 2019 (LBO) - Fitch Ratings has affirmed the long-term issuer default ratings (IDR) of the following Sri Lanka-based banks: National Savings Bank (NSB) …
Transforming eCommerce, one customer experience at a time
Living in a digital age, an eCommerce website is no longer a luxury or sign of forward thinking, but rather a necessity for businesses, big or small, global or …
Prime stands tall among ‘Most Respected Entities in Sri Lanka’
Prime Group was selected as the Most Respected Real Estate Organization among Sri Lanka’s ‘Most Respected Entities’ in 2019 for the third time, …
Capitol TwinPeaks, calls for grading system to safeguard condominium buyers and lenders
Sep 02, 2019 (LBO) - Capitol TwinPeaks, the flagship residential venture of the Sanken Group, addressed a panel of industry peers at the ‘Future of …