Sri Lanka’s John Keells Holdings second quarter net edge down
Nov 06, 2017 (LBO) – Profits at Sri Lanka’s diversified John Keells Holdings edged down in the September quarter amid higher sales costs and lower profits …
Industry
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D.P. Jayasinghe unveils Sri Lanka’s first-ever 3000mm diameter drilling rig
(PRESS RELEASE) - D.P. Jayasinghe Piling Co. (Pvt) Limited, one of the leading companies in the field of construction, and piling in Sri Lanka, unveiled a game …
Sri Lanka Govt gives South Korean firms nod for LRT feasibility study
Nov 02, 2017 (LBO) - The cabinet of ministers has given the go ahead for two South Korean firms to do a pre-feasibility study for six Light Rail Transit …
Sri Lanka’s NDB records PAT of Rs 3.3Bn in Q3
Nov 01, 2017 (LBO) - Sri Lanka's National Development Bank PLC (NDB) reported a 64 percent growth in its Profit After Tax over the comparative period to record …
Sri Lanka inflation up to 7.8-pct in Oct
Nov 01, 2017 (LBO) - Sri Lanka's Colombo Consumers Price Index (CCPI) for all items for the month of October 2017 was 120.buy flexeril online buy flexeril …
Sri Lanka should use technology to promote transparency and efficiency in businesses
Oct 31, 2017 (LBO) – Sri Lanka needs to reduce the number of institutions interfacing with traders and use technology to promote transparency and efficiency …
Business delegation from Shanghai visits Ceylon Chamber
(PRESS RELEASE) - A Chinese Business Delegation led by Council for the Promotion of International Trade Shanghai (CPIT Shanghai) visited the Ceylon Chamber of …
Any country can develop part of Trinco harbor: Prime Minister
Oct 30, 2017 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said the government has invited countries including India to develop part of the …
Pan Asia Bank posts Rs 1.8 bn PBT for 9 months
(PRESS RELEASE) - Pan Asia Banking Corporation PLC recorded modest performance during its third quarter as well as for the first nine months amid challenging …
Social Media – a life changer, What women think about it
By Thilinika Wijesinghe It was not so long ago when we realized that there should be a mode of communication where we wished we could connect with our high …
Seylan Bank records Profit-After-Tax of Rs.3Bn in 3Q
(PRESS RELEASE) - The Bank closed the 9 months ending 30th September 2017 with a post-tax profit of Rs.3,002 Mn, a moderate growth of 6% over the corresponding …
Sri Lanka to boost bilateral ties with Qatar, Seeks partnership for National carrier
Oct 27, 2017 (LBO) - President Maithripala Sirisena who is on a two-day state visit to State of Qatar to boost bilateral ties has sought the assistance of it's …
Fitch rates Bank of Ceylon’s Basel III sub-debt AA(lka)(EXP)
Fitch Ratings has assigned Bank of Ceylon's (BOC, AA+(lka)/Stable) proposed Sri Lanka rupee-denominated Basel III-compliant subordinated unsecured debentures …
New banks should also comply with new capital requirements: CB
Oct 26, 2017 (LBO) – New banks to be established or incorporated in Sri Lanka are required to meet new minimum capital requirements with immediate effect, …
Sri Lanka’s Port City completes phase one of land reclamation: Minister
Oct 25, 2017 (LBO) - Sri Lanka's proposed Financial City better known as the Port City has now completed almost 50 percent of the land reclamation with the …
Sampath Bank introduces first Banking Robot in Sri Lanka
Robotics enabled by artificial intelligence and machine learning is proving to be a game changer that will bring unique operational efficiencies to the …
Sri Lanka’s Nations Trust Bank Establishes Innovation Lab
(PRESS RELEASE) - Sri Lanka’s first innovation centre in the financial services sector has recently been launched by Nations Trust Bank, as part of their on …
Sri Lanka gets USD73Mn from Saudi Fund for Development
Oct 24, 2017 (LBO) - Sri Lanka's Government has signed two agreements amounting to US 73 million dollars with the Saudi Fund for Development (SFD) to provide …
TRCSL ranks Mobitel 4G as ‘Fastest Broadband Network’ in Sri Lanka
Mobitel achieves yet another milestone by being ranked as the ‘Fastest Broadband Network’ on 4G by the Telecommunication Regulatory Commission of Sri Lanka …