Hayleys Energy commences first oil and gas drillship lay-up at Hambantota, Sri Lanka
Dec 17, 2018 (LBO) - Sri Lanka's Hayleys Energy Services announced the arrival of the oil and gas drillship “Aban Abraham” for a warm lay-up to the …
Industry
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Dr. Ravi Perumalpillai, Oxford Surgeon who became a Jaffna Farmer
By Jekhan Aruliah I write this piece as my appreciation of a Diasporan who came back to Jaffna and made a difference, sowing economic and medical seeds in the …
Kaspersky Lab makes inroads into Sri Lanka with new distributor SATL
Dec 14, 2018 (LBO) - Global cybersecurity company Kaspersky Lab has been successfully expanding its business in the South Asia region. Continuing to have a …
CICT to enhance Colombo Port’s deep water capacity by March 2019
Dec 13, 2018 (LBO) - Colombo International Container Terminals (CICT) has announced a significant equipment addition that will enhance the terminal’s deep …
Gihan Cooray appointed Chairman of Nations Trust Bank
Dec 13, 2018 (LBO) - Nations Trust Bank PLC has announced the appointment of Gihan Cooray as Chairman of the Board of Directors, with effect from December 1st …
Sri Lankan companies that provide childcare support show business benefits: Report
Dec 13, 2018 (LBO) - Businesses in Sri Lanka that offer childcare support to their employees can gain a significant positive impact on recruitment, retention …
How tourism growth affect real estate sector in Sri Lanka
By Lamudi Real estate and tourism are two different industries that correlate and influence on one another. Especially, by the end of the 30 year-long civil …
Expert Committee hands over report on Singapore-Sri Lanka FTA to President
Dec 11, 2018 (LBO) - The report compiled by a Presidential Commission on the Sri Lanka – Singapore Free Trade Agreement (FTA), was handed over to President …
Srilankan airlines shows slight dip in carbon efficiency rankings for 2018
Dec 12, 2018 (LBO) - SriLankan Airlines carbon Efficiency points (EPs) points were down to 55.6 points in 2018 from 56 points in 2017, the atmosfair Airline …
Softlogic Life completes victorious 2018 by becoming Sri Lanka’s most awarded life insurer
(PRESS RELEASE) - Ending the year on a winning spirit, Sri Lanka’s number one health insurer, Softlogic Life, has become the country’s most awarded life …
Tourist arrivals to Sri Lanka up 17-pct in November despite political crisis
Dec 07, 2018 (LBO) – Tourist arrivals to Sri Lanka were up 16.8 percent to 195,582 in November from a year earlier despite the current political uncertainty …
Sampath Bank Ranked One of Country’s Top Ten Corporate Citizens
(PRESS RELEASE) Also Wins Category Award for Governance at Best Corporate Citizen Sustainability Award 2018 Sampath Bank was recognized as one of Sri Lanka’s …
Sri Lanka’s macro economic conditions stable, Fiscal discipline required: CB Gov
Dec 06, 2018 (LBO) - Central Bank Governor Dr. Indrajit Coomaraswamy says that the islands debt situation is manageable and that no major destruction to the …
Fitch downgrades Sri Lanka financial institutions on sovereign downgrade
Dec 05, 2018 (LBO) – Fitch Ratings has downgraded the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of the following Sri Lanka-based …
Hayleys crowned winner at CA Sri Lanka 54th Annual Report Awards
Leading conglomerate, Hayleys PLC triumphed at the 54th Annual Report Awards winning the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall …
Fitch cuts Sri Lanka Insurance Corporation to IFS ‘B’ on sovereign downgrade
Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Sri Lanka Insurance Corporation (SLIC) to 'B' from 'B+'. The Outlook is Stable. The …
Sri Lanka tourism launches new brand to attract millennials : OBG
Dec 05, 2018 (LBO) - A rebranded Sri Lankan tourism industry is looking to increase visitor footfall through multi-pronged marketing efforts, while seeking to …
Fitch downgrades ratings of SriLankan Airlines bond & Sri Lanka Telecom
Dec 05, 2018 (LBO) – Fitch Ratings has downgraded the ratings on SriLankan Airlines 175 million US dollars government-guaranteed bonds due in June 2019 …
CK Hutchison and Etisalat complete combination of their operations in Sri Lanka
Dec 05, 2018 (LBO) - Emirates Telecommunications Group Company PJSC (“Etisalat Group”) has completed the sale of its 100 percent shareholding in Etisalat …
Cruise ships calling Port of Colombo up 29-pct in 2018
Dec 04, 2018 (LBO) – A remarkable growth of cruise ships calling at the Port of Colombo has been reported in this year, Sri Lanka Ports Authority said. …