Fitch revises National Long Term Rating of NSB to AA+(lka) from AAA(lka)
Feb 18, 2019 (LBO) – Fitch Ratings has revised the National Long-Term Rating of National Savings Bank to 'AA+(lka)' from 'AAA(lka)' with a stable outlook …
Industry
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Dialog records Rs.7.5Bn net profit for FY 2018, Invests Rs.30.6Bn in broadband infrastructure
Feb 18, 2019 (LBO) - Dialog Axiata PLC announced, Friday 15th February 2019, its consolidated financial results for the year ended 31st December 2018. …
MV Beijing Bridge makes maiden call at Colombo Port
Feb 18, 2019 (LBO) - MV Beijing Bridge under its AGI Service made the maiden call at the Port of Colombo’s Sri Lanka Ports Authority (SLPA) controlled …
Sampath Bank records PBT of Rs18.3Bn for 2018
Feb 15, 2019 (LBO) - Sampath Bank recorded a profit before tax (PBT) of 18.3 billion rupees for the year ended 31st December 2018, up by 10.5 percent from a …
Central Bank to impose withdrawal restrictions for deposits of The Finance Company
Feb 15, 2019 (LBO) – Sri Lanka's Central Bank has proposed regulatory measures including suspension of accepting new deposits, restrictions on withdrawal of …
US Coast Guard trains Sri Lankan Port officials to improve port security
Feb 15, 2019 (LBO) – The US Coast Guard (USCG) recently conducted a training program on security capacity building at the Port of Colombo with more than …
MTD Walkers (KAPI) on the verge of collapse suffers another Rs1.5bn quarterly loss
February 15, 2019 (LBO) - Continuing its seemingly endless spiral into the inevitable abyss, CSE listed construction firm MTD Walkers (KAPI) reported a loss of …
ADB, SL Uni’s ink deal of USD145Mn for science and tech higher education
Feb 14, 2019 (LBO) - The Asian Development Bank (ADB) and four Sri Lankan universities signed project agreements totaling US 145 million dollars under the ADB …
Sri Lanka Trade Min. launches digital platform for small, informal biz
Feb 14, 2019 (LBO) - Sri Lanka has began work on the first national digital data bank for its SMEs and entrepreneurs recently with the backing of a Singaporean …
Sri Lanka PM launches island’s first social innovation lab
Feb 14, 2019 (LBO) - The Citra Social Innovation Lab, co-developed by the Ministry of Science, Technology and Research and the United Nations Development …
Sri Lanka to host World Surf League qualifying series 6000 in Arugam Bay
Feb 13, 2019 (LBO) – With the growing success as a surfing destination, Sri Lanka has received the opportunity to host the World’s most accomplished …
DFCC becomes first Sri Lankan bank to be certified for Visa’s QR Payment Solution
DFCC Bank created history by becoming the first bank in Sri Lanka to be certified for Visa’s QR Payment Solution. A ceremony was held recently at the DFCC …
Frontier Capital Partners to launch AI ChatBot to cater Tuk Tuk industry
Sri Lanka’s post war era emerging investment banker Frontier Capital Partners - that transferred some of the country’s prominent group companies to …
Sri Lanka and Thailand to promote bilateral tourism
Given the close cultural and religious ties between Sri Lanka and Thailand, measures are being taken to promote bilateral tourism between the two predominantly …
Hayleys records third quarter PBT of Rs.1.7Bn
Feb 12, 2019 (LBO) - Sri Lankan multinational, Hayleys PLC, recorded a strong all-round performance in the third quarter of 2018 (3Q18), as the Group turnover …
Sri Lanka tourist arrivals up 2.2-pct in Jan 2019
Feb 12, 2019 (LBO) - The total number of international tourist arrivals to Sri Lanka during January 2019 was 244,239. In comparison to January 2018, there is …
Central Bank clarifies issues on sale of ETI Finance Ltd
Feb 12, 2019 (LBO) - Sri Lanka's Central Bank says it has come to the notice of the Bank that some misinformation is circulating pertaining to ETI Finance Ltd …
Fuel prices increased but no room to increase transport charges: Finance Ministry
Feb 11, 2019 (LBO) – Government today revised the fuel prices and accordingly the prices of one liter of Petrol Octane 92 and the Auto Diesel have been …
BOI signs deal with Bellevue to build tallest building outside Colombo district
Feb 11, 2019 (LBO) – Sri Lanka’s BOI has signed an agreement with Bellevue Residencies Private Limited to build a mixed development project for a 35-storey …
Hemas 3Q profits up 50-pct primarily driven by seasonal demand for Atlas
Feb 08, 2019 (LBO) – Profit attributable to the equity holders of Hemas Group has reported a 50 percent growth primarily due to the strong performance at …