Sri Lanka – Germany fast track dialogue to assist investors and tourism
Jul 03, 2019 (LBO) - The Sri Lanka – Germany fast track dialogue was held recently at the Ministry of Development Strategies and International Trade with the …
Industry
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The Lean Six Sigma Company launches its operations in Sri Lanka
With the motive of supporting organizations and individuals in their ambition to continuously improve processes, The Lean Six Sigma Company, one of the …
Emirates unveils special business class fares from Colombo
(PRESS RELEASE) - Business travellers from Sri Lanka as well as aficionados of the travel experience can now sample the premium Emirates Business Class product …
SriLankan Airlines incurs to Rs.13Bn loss in first 4 months of 2019
Jul 02, 2019 (LBO) - State-run SriLankan Airlines total loss has increased to 12,961 million rupees in the first four months of 2019, a new report said. The …
Fitch affirms 5 Sri Lankan finance companies; revises outlook on MIF to negative
July 01, 2019 (LBO) – Fitch Ratings has revised the Outlook on Mercantile Investments and Finance PLC (MIF) to Negative from Stable and has affirmed the …
Ceylon Chamber of Commerce inducts Hans Wijayasuriya as its new Chairperson
Jun 29, 2019 (LBO) – The Ceylon Chamber of Commerce inducted Hans Wijayasuriya as its new Chairperson during its 180th AGM on Friday. Dr. Wijayasuriya, who …
SLASSCOM and AWS collaborate to position Sri Lanka as hub for data science and AI
Jun 28, 2019 (LBO) - To position Sri Lanka as a hub for data science and artificial intelligence (AI) skills, the Sri Lanka Association of Software and …
Land prices in greater Colombo increase up to 64-pct: Lanka Property Web report
Jun 28, 2019 (LBO) - Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in land …
Sri Lankan banks face rising NPLs, capital pressure: Fitch Ratings
Jun 28, 2019 (LBO) – Sri Lankan banks face further increases in non-performing loans (NPLs) this year as the macro-economic environment remains difficult, …
ComBank announces ‘Nil Margin’ LCs for vehicle permit holders
The Commercial Bank of Ceylon has launched a scheme for government officers with vehicle permits, offering reduced interest rates on vehicle loans and leases …
People’s Bank will not be privatized: Finance Minister
Jun 26, 2019 (LBO) – Sri Lanka's Finance Minister says that the recent news report in the media quoting an opposition Parliamentarian to the effect that the …
FastTrack Summer Internship Programme relaunched with Brandix, Fonterra & JKH to inspire young talent
Brandix Apparel Limited, Fonterra Brands Lanka (Pvt.) Ltd. and John Keells Holdings PLC held the orientation for fifteen diverse, talented interns today (25th …
Yarl Geek Challenge and Arima Technologies Bringing Silicon Valley to Jaffna
By Jekhan Aruliah “That which doesn’t kill you makes you stronger”, a much used saying originating from the 19th Century German philosopher Friedrich …
Minister seeks cabinet intervention as consumer group charges CEB over salary hike
Jun 25, 2019 (LBO) – Sri Lanka’s Power Minister is reportedly to present a cabinet paper to obtain the approval of the cabinet to rectify the errors in …
Comm Bank commences acceptance of LankaPay-JCB cards
Jun 25, 2019 (LBO) - Sri Lanka's Commercial Bank of Ceylon has become one of the first banks in Sri Lanka to have its point-of-sale (POS) network accept …
Hyrax Oil lubricant blending plant declared open in Muthurajawela
Jun 24, 2019 (LBO) – Prime Minister Ranil Wickremesinghe declared open the Hyrax Oil lubricant blending plant in Muthurajawela today. The is the second of …
ICRA Lanka assigns AAA rating with stable outlook to National Savings Bank
Jun 24, 2019 (LBO) – ICRA Lanka Limited has assigned the issuer rating of [SL] AAA with stable outlook to National Savings Bank. Rationale The rating takes …
200 MICE travelers from Chennai arrived Sri Lanka
Jun 24, 2019 (LBO) – SriLankan Airlines in an effort to improve tourism between India and Sri Lanka organized a MICE promotions activity by bringing in 200 …
Access Engineering (AEL) director sells Rs400mn worth of stock
June 22, 2019 (LBO) - Colombo Stock Exchange (CSE) listed Access Engineering (AEL) in a stock market disclosure reported that a non-executive director had sold …
Expolanka, HNB Assurance, Janashakthi, Melstacorp in new S&P Sri Lanka 20 Index
Jun 21, 2019 (LBO) – Colombo Stock Exchange (CSE) announces changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2019 …