Commercial Bank wins 19th global finance ‘Best Bank in Sri Lanka’ award
(PRESS RELEASE) The Commercial Bank of Ceylon has been adjudged Sri Lanka’s Best Bank in 2019 by the USA-based Global Finance magazine, giving the Bank its …
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Concessional loan of USD 989Mn from China’s EXIM Bank for Central Expressway
Mar 22, 2019 (LBO) - The Export- Import Bank of China (EXIM Bank) has agreed to provide a concessional loan amounting to US 989 million dollars covering 85 …
Sri Lankan Banks manage capital impact of SLFRS 9
Mar 22, 2019 (LBO) - Sri Lankan banks have been able to manage the capital impact of first-time adoption of SLFRS 9 accounting standards, in line with our …
“Open, free, secure and resilient cyberspace vital for development and democracy” British HC to SL
Mar 22, 2019 (LBO) - At the launch of the “Cyber Resilience for Development” project, British High Commissioner to Sri Lanka James Dauris noted the …
Dispute avoidance in construction contracts a must in developing countries
Mar 22, 2019 (LBO) - Standing dispute adjudication boards in construction projects should seriously practice their role in dispute avoidance in …
BOI takes to twitter to quell firestorm related to $ 3.85bn refinery project
March 21, 2019 (LBO) - A media firestorm has erupted over a US$3.85bn refinery project that was trumpeted by Sri Lankan government politicians as the largest …
Sri Lanka’s NBFIs pressured by weak economic growth and vehicle sales
Mar 21, 2019 (LBO) - Fitch Ratings expects Sri Lankan non-banking financial institutions (NBFI) to continue to face pressure on asset quality and profitability …
PUCSL proposes standards and regulatory system for water fittings
Mar 19, 2019 (LBO) - Public Utilities Commission of Sri Lanka (PUCSL) with corporation of other institutions has drafted the standards and regulatory measures …
Kabul calls for first direct air corridor, investment pact to revive Sri Lanka trade
Mar 19, 2019 (LBO) - Afghanistan has called to open a direct air corridor with Sri Lanka by 25th March in a effort to push an Investment Protection and …
Opinion: Evolving trends in banking that enhances customer experience
Mar 19, 2019 (LBO) - Envisioning the future of banking convenience Seylan Bank’s Deputy General Manager- Retail Banking, Tilan Wijeyesekera discusses the …
World Bank approves USD70Mn to improve local services in rural Sri Lanka
Mar 19, 2019 (LBO) - The World Bank approved a US 70 million dollar credit to improve the quality of life of around one million people living in Northern, …
EU-Sri Lanka investor dialogue discusses liberalization of shipping sector
Mar 18, 2019 (LBO) - The 8th EU-Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade and many outstanding …
Making Sri Lanka go to the ‘MICE’
Whilst Sri Lanka continues to show a year-on-year growth in tourists, the focus thus far has only been on the number of tourists coming in, instead of the cash …
Sri Lanka vehicle registrations slowed in Feb. 2019 on slowing demand
Mar 18, 2019 (LBO) - Sri Lanka recorded total car registrations at 2,347 units in the month of February 2019 significantly down from 3,147 units the previous …
President to launch National Action Plan for combating bribery and corruption today
Mar 18, 2019 (LBO) - Sri Lanka's President Maithripala Sirisena will launch a National Action Plan for combating bribery and corruption, Monday. Four …
SLASSCOM People Summit 2019 to feature Bill Duane, Google’s ‘superintendent of wellbeing’
Mar 18, 2019 (LBO) - SLASSCOM’s 2019 People Summit sees a change in its traditional technologically themed content, to sound a more humanistic beat. Titled …
Opinion: Are Sri Lanka’s banks aggressively raising capital without adequate disclosure?
March 17, 2019 (LBO) - Banking institutions over the last few months seem to be making an aggressive push to raise capital through rights and debenture issues. …
Sri Lanka’s new tourism advisory committee gets down to work
Mar 14, 2019 (LBO) - With an eye on achieving the targeted 3 million tourist arrivals this year, a newly constituted Tourism Advisory Committee has been …
Create an effective E-commerce website with 8 principles of Universal Design
In an increasingly globalized digital world the art of brilliant web design has become an absolute necessity, especially when it comes to e-commerce sites. …
Sri Lanka reserves at USD 6.9Bn at end 2018: Trade deficit declined
Mar 14, 2019 (LBO) - The trade deficit declined significantly in December 2018 (year-on-year) with a notable deceleration in import expenditure, data shows. …