Arpico Finance, Associated Motor Finance merger to be completed by Nov 2019
July 12, 2018 (LBO) – Process of amalgamating Associated Motor Finance (AMF) with Arpico Finance Company (AFC) which commenced in August 2017 is expected to …
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Sri Lankan scents inspire high fashion fragrance
July 12, 2018 (LBO) - Sri Lankan scents are the inspiration for one of the latest perfumes by Boucheron Paris. online pharmacy buy diflucan with best prices …
Transparency in tender procedures vital for attracting FDI inflows to Sri Lanka :EU
Jul 11, 2018 (LBO) - The 6th EU- Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade recently. Many of the …
Cabinet approves Light Rail Transit Project from Colombo Fort to Malabe
July 11, 2018 (LBO) – Cabinet nod has been received to implement an elevated Light Rail Transit (LRT) line from Multi-Modal Transport Centre in Colombo Fort …
Pidilite opens new adhesive manufacturing plant in Polgahawela
Jul 11, 2018 (LBO) - A state-of-the-art manufacturing plant of Pidilite Lanka (Private) Limited was formally commissioned at Polgahawela in Sri Lanka’s …
Sri Lanka President, Fin Min agree to go ahead with fuel price formula, Prices hiked
Jul 10, 2018 (LBO) - Sri Lanka's President and Finance Minister following meeting earlier Tuesday decided to revise its fuel prices according to an earlier …
Central Bank instructs SFSP to pay 10-pct of deposit liabilities from today
July 10, 2018 (LBO) – Monetary Board of the Central Bank has instructed Swarnamahal Financial Services PLC (SFSP) to pay urgently 10 percent of deposit …
SLASSCOM elects new chairman, board, and general council for 2018/2019
Jul 09, 2018 (LBO) - SLASSCOM, a representative body that represents growth of the Sri Lankan IT and BPM Industry elected Jeevan Gnanam, chief executive …
Sri Lanka’s govt gets USD 50Mn loan from OPEC fund for international development
Jul 09, 2018 (LBO) - Sri Lanka's government signed a loan agreement for obtaining financial assistance of US 50 million dollars from OPEC fund for …
Fuel pricing chaos: Gov Info Dept says CPC will sell fuel at previous rates
July 06, 2018 (LBO) – Government Information Department says the Ceylon Petroleum Corporation has decided to sell fuel at the previous rates. Director …
Pradeep Moraes of Altair named Sri Lanka Real Estate Personality of the Year
The PropertyGuru Asia Property Awards (Sri Lanka) competition, which is being held for the very first time in Colombo on 12 July 2018, has chosen its …
Janashakthi and ayubo.life partner to spread the benefits of wellness
Revolutionizing Insurance consumption, Janashakthi Life is partnering with ayubo.life to provide their corporate policyholders with the renowned benefits of …
Fuel prices increased; consumer rights activists want price formula public
July 06, 2018 (LBO) – Sri Lanka’s Finance Ministry has increased fuel prices of the Ceylon Petroleum Corporation with effect from midnight yesterday, …
Sri Lanka’s expenditure on tobacco use surpasses GSP+ export income
July 05, 2018 (LBO) – Sri Lankan consumers’ annual expenditure on cigarettes and tobacco is so high it surpasses the annual export revenue from EU GSP …
Sri Lanka continues upward trend in tourist arrivals: June up 19.0-pct
Jul 05, 2018 (LBO) - Sri Lanka's tourist arrivals was up 19.0 percent to 146,828 in June 2018 from an year ago driven by the islands two largest source …
Sri Lanka to obtain 100bn yen from MUFG Bank for Central Expressway phase 3
July 04, 2018 (LBO) – Cabinet has approved a proposal presented by Prime Minister to enter into an agreement with MUFG Bank in Japan to obtain 100 billion …
Cabinet awards Rs1.5bn contract to ACL Cables for supplying aerial conductors
July 04, 2018 (LBO) – Sri Lanka’s cabinet of ministers has approved a proposal to award a contract of supplying 2,500 km of aerial bundle conductors to ACL …
JKH hits post war valuation lows as second Balendra era beckons
Jul 04, 2018 (LBO) - The Colombo Stock Exchange has had a tough 2018, and there is no stock where this is more apparent than John Keells Holdings (JKH). JKH …
Fitch rates Commercial Bank’s Basel III sub debt final AA-(lka)
July 03, 2018 (LBO) – Fitch Ratings has assigned Commercial Bank proposed Basel III-compliant subordinated unsecured debentures a final National Long-Term …
Korean concessional loan of USD 14Mn to support garbage collecting in local authorities
Jul 02, 2018 (LBO) - The Government of Republic of Korea has agreed to provide two concessional loans for US 14 million dollars (Approximately Rs.2,240 …