CEB to appear in Court regarding un-scheduled power cuts
Apr 03, 2019 (LBO) - The Colombo Fort Magistrate Tuesday noticed the Ceylon Electricity Board (CEB) to be present in courts on April 9 over its failure to …
Industry
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Opinion: SL Planters Assosiation on allegations of labour abuse
The Planters’ Association of Ceylon (PA) wishes to draw the general public’s attention to serious factual misrepresentations and inaccuracies initially …
Fitch rates Commercial Bank of Ceylon Basel III sub debt AA-(lka)(EXP)
Apr 02, 2019 (LBO) – Fitch Ratings has assigned Commercial Bank of Ceylon's proposed Basel III-compliant subordinated unsecured debentures an expected …
Fitch affirms Sri Lanka’s Dialog Axiata at AAA(lka); outlook stable
Apr 02, 2019 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of Sri Lanka-based telecoms company Dialog Axiata at 'AAA(lka)' with a stable …
Vikas Arora assumes role of Sri Lanka’s Chief Country Officer of Deutsche Bank
Apr 02, 2019 (LBO) – Vikas Arora has assumed the role of Sri Lanka’s Chief Country Officer and General Manager of Deutsche Bank AG Colombo Branch effective …
Rs.79,000 million loans disbursed under Enterprise SL Program
Apr 01, 2019 (LBO) - Sri Lanka's Finance Ministry said it had disbursed 79 billion rupees to 46,673 persons under the Enterprise Sri Lanka loan scheme so …
Huawei CEO and Founder expects revenue to touch USD125Bn in 2019
Apr 01, 2019 (LBO) - Ren Zhengfei, CEO and Founder of Huawei, recently said that 2019 could be a difficult year for Huawei, and however the company, is …
Kottawa-Makumbura multimodal transport center opens 31st March
Mar 29, 2019 (LBO) - The Kottawa-Makumbura multimodal transport center, the first of its kind in Sri Lanka providing seamless access for passengers …
How will Brexit impact UK-SL trade: RIU report
Mar 29. 2019 (LBO) - The United Kingdom is one of the major trading partners of Sri Lanka, amounting to over 10 percent of the total annual trade. The trade …
Bogawantalawa Tea set to become world’s first climate positive plantation company
Mar 28, 2019 9LBO) - After becoming the first company in the world to secure uncompensated carbon neutral certification for its tea growing, manufacturing and …
SriLankan Airlines to increase frequencies to Tokyo
Mar 28, 2019 (LBO) - SriLankan Airlines, one of the first carriers to fly to Tokyo’s Narita International Airport, is celebrating 35 years of flying to …
“Apartment sales slowing due to relatively lesser cash flows for these investments” HNB CEO
Mar 27, 2019 (LBO) - Successful real estate sector outcomes will be dependent upon sound strategy that puts into place foreign investment for new projects, a …
OBG Sri Lanka report:Looks at steps being taken to encourage innovation and boost export earnings to USD20Bn in 2019
Mar 27, 2019 (LBO) - A new report from research and consultancy firm Oxford Business Group (OBG) shines a spotlight on Sri Lanka’s wide-ranging plan to …
Sri Lanka’s Oceanpick first in South Asia to earn certification for offshore farming
Mar 27, 2019 (LBO) - Oceanpick (Pvt) Ltd., has been awarded the Best Aquaculture Practices (BAP) certification, making Sri Lanka a pioneer in South Asia -and …
Small Northern Businesses Struggle for Funding
By Jekhan Aruliah There is an old joke: "The fastest way to become a millionaire is to be a billionaire and buy an airline". The airline will lose money so …
SLTDA promises to issue renewal licenses in one day
Mar 26, 2019 (LBO) - The Sri Lanka Tourism Development Authority (SLTDA) is now fully geared to issue renewals for accommodation and service providers in one …
China’s Chengdu delegation meets BOI Chairman, Eyes steel plant in Hambantota
mar 26, 2019 (LBO) - A delegation from Chengdu Association for Foreign Trade and Cooperation (CAFTEC) Chengdu, China visited the Board Of Investment and …
USD3.85Bn oil refinery, cement plant projects launched in Sri Lanka’s Hambantota
Mar 25, 2019 (LBO) - Inaugurating the construction work of the US 3.85 billion dollar oil refinery project and the cement manufacturing plant in …
BOI clarifies news report regarding oil refinery project in Hambantota
Mar 22, 2019 (LBO) - Issuing a statement the Board of Investment of Sri Lanka said they are aware that there is no agreement signed between Oman’s Ministry …
Sri Lanka to discuss draft national policy on LNG
Mar 22, 2019 (LBO) - The Ministry of Highways and Road Development together with Petroleum Resources Development has developed the draft national policy on …