Sri Lanka President to make official statement on 2015 bond scam tomorrow
Jan 02, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena will make a statement on recommendations regarding the final report of the Presidential …
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France to provide Euro 13.9Mn loan to Sri Lanka for dairy projects
Jan 01, 2018 (LBO) - The French Republic agreed to extend its assistance to Sri Lanka, by providing a Euro 13.9 million (approximately 2,514 million rupees) …
Sri Lanka extends deadline for exchange of mutilated currency notes
Jan 01, 2018 (LBO) - Sri Lanka's Central Bank said it had decided to extend the time period for the exchange of currency notes at Licensed Commercial Banks …
Sri Lanka Central Bank confirms credit of USD 292.1Mn from CM Port
Dec 26, 2017 (LBO) - Sri Lanka's Central Bank said that it had received the first payment from China Merchant Port Holdings (CMPort) for the management of the …
Fitch affirms 9 Sri Lankan banks: Revises DFCC outlook to Stable
Dec 22, 2017 (LBO) - Fitch Ratings has revised the Outlook on DFCC Bank Plc (DFCC) to Stable from Negative. It has also affirmed the Long-Term Issuer Default …
Sri Lanka govt approves USD 1Bn financial city complex
Dec 21, 2017 (LBO) - The cabinet of ministers has given the go ahead to sign a Memorandum of Understanding (MOU) with CHEC Port City Colombo to develop the …
Opinion: Envisioning the Future of Digital Banking
Seylan Bank’s CIO discusses the upcoming changes in embracing the digital era As digitalization grows at a very fast pace, technology is redefining the way …
Moody’s says Sri Lanka needs to further push fiscal reforms for better credit profile
Dec 19, 2017 (LBO) - Moody's, an Investors Service says high general government debt levels in Sri Lanka, rated B1 negative, very low debt affordability, and …
IndiGo to commence operations BIA from next month
Dec 18, 2017 (LBO) - The airline will commence operations to Colombo from Chennai and Bangalore, effective 20 January 2018. Issuing a statement the IndoGo …
Kandy tourism and property to benefit from new highway
By Lanka Property Web Kandy, located in the central province of Sri Lanka was the last kingdom of the Sri Lankan monarchy. The name Kandy is derived from the …
Sri Lanka GDP down to 3.3-pct in Q3
Dec 16, 2017 (LBO) - Sri Lanka's Gross Domestic Product growth rate for the third quarter of 2017 has been estimated as 3.3 percent, slower than 4.6 percent …
Financial Intelligence Unit enters into MOU with Sri Lanka Police
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a …
ADB gives USD270Mn for road and water projects in Jaffna
Dec 15, 2017 (LBO) - The Asian Development Bank (ADB) will give US 270 million dollars in financial assistance from for the implementation of the integrated …
Sri Lanka Malayasia to further strengthen ties with PM visit
Dec 14, 2017 (LBO) - Malaysian Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak will visit Sri Lanka from 17th to 19th December. Issuing …
Sri Lanka to make health care certificate for textiles compulsory
Dec 13, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to make it compulsory to obtain a health care certificate for textile and garment products. …
Telecom operators are biggest spammers in Sri Lanka: report
Dec 13, 2017 (LBO) – Caller ID and spam detection app, Truecaller recently announced some revealing stats on spam and scam calls in Sri Lanka. The recently …
Sri Lanka to commence enabling Sinhala and Tamil scripts for top-level domain names
Dec 13, 2017 (LBO) - The Internet Corporation for Assigned Names and Numbers (ICANN) and local experts in policy, technical and linguistic fields convened in …
Sri Lanka’s Central Bank hosts 10th International Research Conference
Dec 13, 2017 (LBO) - The 10th International Research Conference of the Central Bank of Sri Lanka was held on December 8 at the Bank's John Exter International …
Jetwing Symphony’s IPO subscription to open Dec.14, 50.2Mn shares on offer
Dec 12, 2017 (LBO) - Sri Lanka's Jetwing Symphony's long-awaited initial public offering (IPO) of will open up for subscription on December 14. The company …
Talking Resilient Infrastructure – Sharing and Learning Best Practices from the Region
Two delegations representing Sri Lanka from the Ministry of Megapolis and Western Development and Ministry of Mahaweli Development and Environment took part in …