Sampath Bank to raise Tier 1 capital with Rs7.6bn rights issue
July 28, 2017 (LBO) – Sri Lanka’s Sampath Bank is to raise 7.6 billion rupees by way of a rights issue, the company said in a stock exchange filing. The …
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France to speed up visa process for seven Asian countries
July 28, 2017 (LBO) - France will cut visa delivery time to 48 hours for Russians, Indians and citizens of six more Asian countries in a bid to boost tourism, …
Sri Lanka John Keells Holdings profits up 19-pct in June quarter
July 27, 2017 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings group profits rose 19 percent to 2.8 billion rupees in the June quarter …
Ceylon Association of Shipping Agents elects Ruwan Waidyaratne as Chairman
The Ceylon Association of Shipping Agents (CASA) announced that Mr. Ruwan Waidyaratne, Managing Director – Hayleys Advantis Limited, had been unanimously …
PM opens People’s Bank Digital Centre at York Street branch
Prime Minister Ranil Wickremesinghe on Thursday declared open the "People's Bank Digital Centre" located at York Street branch of the People's Bank. People’s …
Com Bank introduces Sri Lanka’s first chip and PIN debit card
July 27, 2017 (LBO) - Sri Lanka's Commercial Bank of Ceylon has introduced Mastercard debit cards with chip and PIN technology for the first time to the …
Australia grants Rs600mn for tourism skills development
Australian High Commissioner Bryce Hutchesson was joined by Minister for Skills Development and Vocational Training, the Honorouble Chandima Weerakkody in …
Government says fuel distribution restored despite union action
July 26, 2017 (LBO) – Sri Lanka’s government informs that bowsers can now collect fuel from stores as the government has restored fuel distribution.buy …
Court orders SLT to disclose source of Dialog Broadband documents
July 26, 2017 (LBO) - The Commercial High Court has ordered Sri Lanka Telecom PLC (SLT) to disclose the source of confidential information of Dialog Broadband …
Sri Lanka Parliament passes foreign exchange bill with amendments
July 26, 2017 (LBO) - Sri Lanka's Parliament on Tuesday passed the new foreign exchange law, a more rule-based regulatory system with a vote that was 94 in …
Freshly minted Sino-Lankan agreement on Hambantota port to be put to parliament on Friday
By P.K. Balachandran A freshly minted Sino-Sri Lankan agreement on the controversial Hambantota port will be submitted to the Sri Lankan parliament for a …
Piramal Glass Ceylon profits down 4-pct in June quarter
Piramal Glass Ceylon PLC has announced its results for the 1st Quarter of FY 2017-18 with Rs. 1,403 million of Revenue & Rs. 105 million of Profit After …
Sri Lanka motor car registrations dip in June, electric cars out of favor: JB
July 25, 2017 (LBO) - Sri Lanka motor car registrations dipped slightly in June to 2,800 units from 2,812 registered in May, JB Securities said in a research …
Central Bank takes steps after HNB customer info leak
July 24, 2017 (LBO) - Sri Lanka's Central Bank has conducted a preliminary investigation into a leakage of information of more than 4,000 customers of Hatton …
10 Sri Lankan Finance Companies ratings affirmed : Fitch
July 24, 2017 (LBO) - Fitch Ratings, a credit ratings agency, has affirmed the long-term issuer default ratings (IDRs) of ten local finance companies, a …
Sri Lanka’s economy to bounce back in 2017 and accelerate in 2018: IMF
July 24, 2017 (LBO) - The International Monetary Fund (IMF) forecasts Sri Lankan economy to rebound in 2017 and accelerate in 2018, despite the lower than …
Commercial Bank, Sampath Bank offer real-time Customs payments
July 25, 2017 (LBO) - Commercial Bank of Ceylon PLC and Sampath Bank PLC together have announced the introduction of real-time, online payments to Sri Lanka …
Virtusa Chairman and CEO Honored at SLT Zero One Awards
(PRESS RELEASE) - Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for …
Sri Lanka Customs launches online payment platform for Customs Declarations
(PRESS RELEASE) - Established more than 200 years ago in 1809, Sri Lanka Customs is one of the oldest Customs administrations in the world. In their quest to …
No coal in Sri Lanka’s PUCSL approved long-term power generation plan
July 20, 2017 (LBO) - Sri Lanka's Public Utilities Commission has approved an alternate Least Cost Long Term Generation Expansion Plan (LCLTGEP) 2018- 2037 of …