Colombo Port container volumes up by 9.1-pct in April 2019
May 26, 2019 (LBO) – Colombo Port's container volumes indicate a 9.1 percent increase in the month of April compared to the same period last year. online …
Industry
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China quick to relax travel advisory for Sri Lanka
May 25, 2019 (LBO) - China has relaxed its travel advisory to Sri Lanka with language that says: ‘be cautious’ as opposed to language that says 'do not …
Korea Eximbank to conduct feasibility study to establish land information service system
May 24, 2019 (LBO) – Recognizing the importance of efficient land management and its contribution to the economy, the Korea Eximbank is financing a …
Advocata supports recommendations from experts on restructuring of SriLankan
May 24, 2019 (LBO) - During the ten year period when the management of SriLankan Airlines was under Emirates, the airline enjoyed a decade of profits. This is …
Fitch upgrades Union & Cargills Banks; affirms 5 small & mid-sized Sri Lanka banks
May 24, 2019 (LBO) – Fitch Ratings Lanka has upgraded the National Long-Term Ratings of Union Bank of Colombo to 'BBB-(lka)' from 'BB+(lka)' and of Cargills …
FriMi from Nations Trust Bank continues to dominate digital banking in Sri Lanka
May 24, 2019 (LBO) - FriMi and in just a short span of two years, the first digital bank in Sri Lanka has completely changed the way banking and payments can …
Govt plans to construct two flyovers at Kohuwala and Gatambe
May 23, 2019 (LBO) - The Cabinet of ministers has approved plans to construct two more flyovers at Gatambe in Kandy and another in Kohuwala, Colombo. …
IIT CodeSprint 4.0 fuels entrepreneurial spirit of undergraduates
May 23, 2019 (LBO) - Informatics Institute of Technology (IIT), has commenced CodeSprint 4.0, the fourth edition of the annual event that fuels the …
News item titled “Pakistan’s trade with Sri Lanka comes to a halt” is fake: SL High Commission
May 23, 2019 (LBO) – Sri Lanka’s High Commission in Islamabad, Pakistan said the news item titled “Pakistan’s trade with Sri Lanka Comes to a halt” …
Fishing For Sustainable Profits in the Northern Province
By Jekhan Aruliah I have so often heard from well meaning cash rich Diaspora that they can’t find sensible investment opportunities in the North. As the Good …
Hayleys revenue up 34-pct YoY to Rs.219Bn in FY 18/19
May 22, 2019 (LBO) - Sri Lanka's Hayleys PLC, group revenue expanded by 34 percent yoy to 219 billion rupees while operating profit before interest increased …
Japan and India to develop Sri Lanka’s Colombo port, countering China
May 21, 2019 (LBO) – Sri Lanka has agreed to jointly develop a container terminal at the Port of Colombo with Japan and India, countering China’s expanding …
Sri Lanka’s private sector took a Pledge for Unity
May 21, 2019 (LBO) – Sri Lanka’s private sector representatives on Tuesday took a Pledge for Unity that they will work towards the goal of uniting people …
Ceylinco Life investment income grows by 16-pct to Rs.2.9Bn in Q1 2019
May 21, 2019 (LBO) - Steady growth of its life insurance business and strong investment gains have enabled Ceylinco Life to generate total income of 7.17 …
US Secretary of State Mike Pompeo meets Sri Lanka Foreign Minister
May 17, 2019 (LBO) – US Secretary of State Mike Pompeo met with Sri Lankan Foreign Minister Tilak Marapana yesterday, the Office of the Spokesperson at …
Dipped Products posts healthy growth: Group pre-tax profit up 32-pct in 2018/9
May 17, 2019 (LBO) - Sri Lanka's Dipped Products Group pre-tax profit was up 32 percent to 1,643 million rupees in 2018/9, the company said. The Group achieved …
DFCC maintains profitability under volatile market conditions
DFCC’s Total Assets grew by LKR 15,652 million to LKR 390,560 millionDFCC recorded Tier 1 and total capital adequacy ratios of 10.34% and 15.45% …
Nedal Salem takes helm of Ceylon Tobacco Company
May 16, 2019 (LBO) - Nedal Salem was appointed managing director andchief executive officer of Ceylon Tobacco Company PLC (CTC) effective 15th May 2019. During …
Samsung customers can binge on free K-POP & other content via My Galaxy App
In exciting news for Samsung Galaxy customers, K-POP content is now available FREE on My Galaxy App on Samsung Galaxy smartphones. Increasing in popularity …
Opinion: Fresh frontiers of pharmaceutical innovation
By Sri Lanka Chamber of Pharmaceutical Industry For centuries, human beings have waged a relentless battle against a litany of diseases that have ravaged …