Sri Lanka GDP will grow at 3.7-pct in Q1
May 14, 2018 (LBO) - Sri Lanka's will grow at 3.7 percent in the first quarter of 2018, althought this below the islands potential, the Governor of the …
Industry
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ADB approves USD 100Mn additional funding to enhance job skills in Sri Lanka
May 11, 2018 (LBO) - The Asian Development Bank’s (ADB) has approved a US 100 million dollars results-based loan as additional financing for the Government …
Sri Lanka’s Nations Trust Bank PAT Rs.939Mn, up 30-pct
May 11, 2018 (LBO) - Nations Trust Bank recorded a post-tax profit of 939 million rupees, up by 30 percent in the first quarter of 2018 over the …
Sri Lanka to revise fuel price every two months
May 11, 2018 (LBO) - Fuel prices in Sri Lanka will be revised every two months under a new cabinet approved pricing formula, Finance Minister Mangala …
GSP Plus is a transient popup for apparel sector: Apparel Institute’s Chairman
May 10, 2018 (LBO) – Apparel industry leaders say that increasing apparel exports and receiving trade benefits such as GSP Plus facility, should not blind …
Sri Lanka hikes petrol, diesel prices: Cabinet approves fuel pricing formula
May 10, 2018 (LBO) - Sri Lanka has increased the prices of petrol and diesel following a cabinet decision to approve a fuel pricing formula. Petrol (92 …
Siyapatha Finance to raise Tier 1 capital with a rights issue
May 10, 2018 (LBO) – Sri Lanka’s Siyapatha Finance is planning to raise 250 million rupees by way of a rights issue, the company said in a stock exchange …
Why Sri Lanka’s unsaturated real estate market works to its advantage
(PRESS RELEASE) Sri Lanka’s now-vibrant real estate market has developed greatly in recent years. Whilst the current growth trajectory has given way for …
Sri Lanka tourist arrivals up 12.6-pct in April 2018
May 08, 2018 (LBO) – Sri Lanka tourist arrivals increased 12.6 percent in April this year against last year with the largest source market for tourists …
Sri Lanka should continue digitization of services to capture millennial tourists :JLL
May 08, 2018 (LBO) - Real estate consultancy Jones Lang La Salle (JLL) says the strong surge in tourist arrivals and earnings, which could be further enhanced …
Sri Lanka Ports Authority posts 15.3-pct growth in 1Q 2018
May 07, 2018 (LBO) – Sri Lanka Ports Authority has recorded a total growth of 15.3 percent in terms of profits for the first quarter of 2018 with Colombo …
Tourism industry welcomes directive to demolish Illegal structures in coastal areas
The tourism industry has welcomed the directive issued by President Maithripala Sirisena to demolish unauthorized structures in Mirissa and other areas. …
Harry J says Distilleries profits up 134-pct in 4Q17-18 after adjustments
May 04, 2018 (LBO) – Sri Lankan business magnate Harry Jayawardena in his statement to the shareholders of Distilleries said net profit after tax for the …
Standard Chartered to boost investment into Sri Lanka with dedicated china desk
May 03, 2018 (LBO) - The Standard Chartered Bank (Sri Lanka) said they would be setting up a China Desk to expedite trade and business operations between …
Seylan Bank records 21-pct YoY growth in 1Q 2018; Profit-after-tax Rs.1,053Mn
May 3, 2018 (LBO) - Sri Lanka's Seylan Bank has posted a profit after tax of 1,053 million rupees in first quarter of 2018. The Bank’s earning per share …
Anantaya Pasikudah wins Booking.com guest review award
(PRESS RELEASE) - Anantaya Resort & Spa Pasikudah was recently awarded the Booking.com Guest Review Award. Offering unique experiences and exceptional …
Seylan Bank reports 21-pct growth in 1Q 2018; records PAT of Rs.1,053 Mn
Seylan Bank made a steady start in 2018 by posting a Profit after Tax of Rs. 1,053 Million in Q1 despite less than ideal market conditions. Net interest income …
Sri Lanka rupee slips to low of 158.00: Stocks down 0.2-pct
May 03, 2018 (LBO) - The Sri Lanka rupee hit a new low of 157.90/158.00 rupees against the US dollar during morning trade in the spot market. The rupee closed …
Sri Lanka Aggressor Safari Lodge begins operations
(PRESS RELEASE) - The Sri Lanka Aggressor Safari Lodge situated close to Wilpattu National Park in the North of Sri Lanka, officially opened for business this …
IFC invests USD 27Mn in Sri Lanka’s Melwa Hotels and Resorts
May 03, 2018 (LBO) - The International Finance Corporation, a member of the World Bank Group,is investing US 27 million dollars in Melwa Hotels and Resorts …