Mastercard Opens-Up Access to Blockchain API for Partner Banks and Merchants
(PRESS RELEASE) - Provides connections into other Mastercard APIs to create new digital commerce experiences; API to be featured at Money20/20 Hackathon New …
Industry
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Biggest container vessel to ever enter into S Asia calls Colombo
Oct 23, 2017 (LBO) – Sri Lanka Ports Authority said world’s biggest ever container vessel to call South Asia, MV Milan Maersk of the Maersk Line has made …
Sri Lanka and Qatar to sign MoU’s on Energy, diplomatic training and Water Management
Oct 23, 2017 (LBO) - The Government will ink agreements in the fields of energy, water supply and waste management and diplomatic training and research …
Mobitel launches South Asia’s first NB-IoT network at Techno 2017 in Sri Lanka
Mobitel, Sri Lanka’s National Mobile Service Provider showcased the nascent NB-IoT technology (Narrow Band Internet of Things) for the first time in South …
Cabinet approves setting up 150 small scale solar power plants
Oct 19, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to implement the second stage of the Suryabala Sangramaya Programme with the establishment …
Sri Lanka – Pakistan open consultation after 3 years, targets US1Bn trade by 2018
Oct 19, 2019 (LBO) - The fifth Sri Lanka-Pakistan Foreign Office Consultations were held recently in Colombo, after a lapse of three years with the meeting of …
Sri Lanka export up 15.5-pct, Trade deficit widens
Oct 19, 2017 (LBO) - Sri Lanka's earning from exports increased by 15.5 percent (year-on-year) to US 1,001 million dollars in August 2017 with growth seen in …
Sri Lanka’s first dedicated performance art center for tourists to open soon
Sri Lanka’s first ever dedicated performance arts center for tourists is to open on the banks of the historic Diyawanna Oya on the outskirts of Colombo next …
Sri Lanka’s growing informal hotel sector to pressure operating cash flows
Oct 17, 2017 (LBO) - Fitch Ratings expects Sri Lanka’s hotels sector to face price competition from the growing informal sector and alternative accommodation …
Fitch publishes Ceylon Electricity Board’s AAA rating with stable outlook
Fitch Ratings Lanka has published Sri Lanka-based Ceylon Electricity Board's (CEB) National Long-Term Rating of 'AAA(lka)' with a Stable Outlook. CEB is fully …
Govt. may not implement power pricing formula in near-term
Oct 16, 2017 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board (CEB) may not implement the pricing formula in the near-term, given the political and …
Fitch rates first Sri Lanka Basel III sub debt; Sampath final A(lka)
Oct 16, 2017 (LBO) – Fitch Ratings has assigned Sampath Bank's proposed Basel III-compliant subordinated debentures a National Long-Term Rating of 'A(lka)'. …
Dialog launches South Asia’s First NB-IoT service
Oct 16, 2017 (LBO) - Sri Lanka's Dialog Axiata PLC, has launched on it's 4G network the Narrowband Internet of Things (NB-IoT) enabling seamless connectivity …
OPEC gives USD 18Mn for Sri Lanka’s Kaluganga Development Project
Oct 16, 2017 (LBO) - Sri Lanka's government has signed a loan agreement for an additional US 18 million dollars form OPEC Fund for the Kaluganga Development …
Salzburg Hotel School doubles scholarships for SLITHM students
One of the world’s leading hospitality training institutions, the Institute of Tourism and Hotel Management in Salzburg, Austria has doubled its annual quota …
Eran says sellers also responsible for Airbus deal
Oct 13, 2017 (LBO) - State Minister of Finance Eran Wickremeratne said that the Airbus Industrie is also responsible as buyers and sellers are both …
Colombo Municipal Council to set up 20 free Wi-Fi zones
Oct 12, 2017 (LBO) – Sri Lanka’s government has taken steps to create 100 Wi-Fi zones in the Colombo city as a first step of the island wide program of …
Frontier markets show divergent credit paths: Moody’s
(PRESS RELEASE) - Moody’s Investors Service says that frontier markets (FMs) will show differentiated credit exposure to rising interest rates globally, …
Average land prices in Colombo increased by 36-pct in 2016: Study
Oct 11, 2017 (LBO) – Land values in Sri Lanka’s financial capital Colombo are growing at a remarkable rate while overall land prices in the country have …
Virtusa Corporation up 13 notches in global FinTech Rankings 2017
Oct 11, 2017 (LBO) - Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company said it has been recognized among the …