Japanese company wins contract for Central expressway’s 3rd phase
Feb 21, 2018 (LBO) - The Government has given the go ahead to award the contract for construction of 3rd phase of Central Expressway to M/S Taisei Corporation …
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Ariyana Resort Apartments launched by Home Lands Skyline
Going somewhere else to relax your mind & body will soon to be outdated, with the initiation of Home Lands Skyline’s - ARIYANA Resort Apartments - one of …
DFCC Bank profit after tax up 34-pct in 2017 amid tight margins
DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the …
Sri Lanka’s Liability Management Bill presented to Parliament
Feb 20, 2018 (LBO) - The new Active Liability Management Bill, to improve public debt management, was presented to Parliament for the first reading, Monday.buy …
Seylan Group’s PAT tops Rs.5Bn
(PRESS RELEASE) - Seylan group reported a resilient performance by recording a Profit after tax of Rs.5,004 Million for the year ended 31st December 2017, …
Comm Bank’s CBC Myanmar Microfinance gets license to operate in Myanmar
Feb 20, 2018 (LBO) - Sri Lanka's Commercial Bank subsidiary CBC Myanmar Microfinance Co. buy metformin online metformin online no prescription , Ltd, has …
Sampath Bank reports PAT of Rs12Bn
(PRESS RELEASE) - Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 Bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to …
Sri Lanka’s Bank of Ceylon appoints new GM/CEO
Feb 20, 2018 (LBO) - Sri Lankan state bank, Bank of Ceylon has appointed K. B. Senarath Bandara as its new General Manager and CEO with effect from 22 …
Transshipments at Colombo Port up by 20.4-pct in January
Feb 19, 2018 (LBO) – Transshipment operations at the Port of Colombo have shown a significant increase in January this year against last year amid an …
ADB gives USD 75mn for lending to Sri Lanka’s small businesses
Feb 16, 2018 (LBO) - Sri Lanka has decided to obtain an additional financing through a loan of US 75 million dollars from the Asian Development Bank to scale …
JLL Sri Lanka sponsors first PropertyGuru Asia Property Awards in Colombo
(PRESS RELEASE) The PropertyGuru Asia Property Awards (Sri Lanka), the premier industry awards ceremony that will be held for the first time in Colombo in …
Insurance Industry records 15.5-pct growth in 3Q of 2017
Feb 16, 2018 (LBO) - Sri Lanka's insurance industry was able to report a growth of 15.53 percent (3Q, 2016: 16.97 percent ) in terms of overall Gross Written …
Construction sector challenged by continued labour shortage: report
RIU report 2018 - The construction industry is worth approximately USD 8 Bn and is already under strain owing to rising construction costs.This industry is …
Innovative Smart Solutions to revive electronic manufacturing in Sri Lanka
Feb 16, 2018 (LBO) - Innovative Smart Solutions (Pvt) Limited (iS2) launched their ‘SmartHome’ product line under the brand name Ape with the intention of …
CB extends suspension of Pan Asia Bank primary dealer activities for 6 months
Feb 15, 2018 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension from carrying on primary dealer activities by Pan Asia Bank for …
President officially appoints Commission to probe corruption at Srilankan and Mihin
Feb 15, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena yesterday formally presented a letter of appointment to the Presidential Commission to …
Fitch rates Commercial Bank’s Basel III Sub Debt AA-(lka)(EXP)
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (CB, AA(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to LKR10 …
Sampath Bank becomes first bank to accept Alipay payments in Sri Lanka
Sampath Bank, one of Sri Lanka’s most innovative banks, has become the first bank in the country to partner with Alipay, the world’s largest online and …
Sri Lanka needs to create an environment that rewards investment: Harvard economist
Feb 14, 2018 (LBO) - Sri Lanka should move towards a simpler tariff structure, and implement direct taxes on things like income and property to maintain …
Sri Lanka’s Industrial production up 4.3-pct in Dec 2017
Feb 14, 2018 (LBO) - Sri Lanka's industrial production has increased by 4.3 percent in the month of December, 2017 compared to the same month in 2016, latest …