Central Bank releases new publication “A Survey of Financial System”
(PRESS RELEASE) - The Central Bank today launched a new book titled “A Survey of Financial System” authored by Mr. P Samarasiri, Deputy Governor. This is …
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Pan Asia Bank gets 3 months to comply with interim capital requirements
Feb 01, 2017 (LBO) – Sri Lanka’s Central Bank has extended the time period allocated to raise the interim capital requirement of Pan Asia Bank by three …
PUCSL issues guidelines on CEB’s Rs.10.4Bn electricity connection deposits
Feb 02, 2017 (LBO) - Sri Lanka's power regulator has issued guidelines to the Ceylon Electricity Board (CEB) and the Lanka Electricity Company (LECO) to pay …
Global trade, China, RCEP took centre stage in Davos
Jan 31, 2016 (LBO) - Global trade took centre stage at the World Economic Forum meetings in Davos recently with signs of a new leader in town, despite U.S. …
Sri Lanka’s Central Bank extends Amana Bank’s deadline to raise capital
Jan 30, 2017 (LBO) – Sri Lanka’s Central Bank has extended the time allocated to raise the core capital requirement of Amana Bank to 7. online pharmacy buy …
Ceylon Cold Stores net up 26-pct in December quarter
Jan 30, 2017 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores rose 26 percent to 823 million rupees in the December 2016 quarter from a year earlier. …
Nawala emerging as high end apartment hub: RIU
Jan 30, 2017 (LBO) - Nawala, between Sri Lanka's commercial capital Colombo and administrative capital Kotte, is seen as the next high-end residential …
Sri Lanka’s Sail Lanka Charter hosts PM on-board catamaran
Jan 27, 2016 (LBO) - Sri Lanka's Sail Lanka Charter hosted Prime Minister Ranil Wickremasinghe and his wife on-board their 53ft sailing catamaran, Sapphire, …
Teejay ends Q3 with revenue growth of 33-pct despite challenges
Press Release: The Teejay Group which recently consolidated its operations in Sri Lanka and the region under the single brand ‘Teejay,’ announced a strong …
Govt gives nod for construction of luxury tourist camps in Yala
Jan 26, 2017 (LBO) - The cabinet has approved additional land of 155 perches on 50 year lease basis to construct luxury tourist camps adjacent to Yala National …
Experts from Facebook, Google coming to Sri Lanka for summit
Jan 25, 2017 (LBO) – Sri Lanka is planning to hold a digital summit in March this year to boost the country's global digital presence. It is expected that …
Sri Lanka to expedite grid connections for roof top solar: PUCSL
Jan 25, 2017 (LBO) - Sri Lanka's power regulator has directed the Ceylon Electricity Board (CEB) and Lanka Electricity Company Private Limited (LECO) to …
Aitken Spence Hotels Turyaa Chennai amongst Top Five-Star Hotels in the City
(PRESS RELEASE) - Turyaa Chennai, owned and operated by Aitken Spence Hotels has successfully met criteria for obtaining “5-Star Deluxe” classification, …
Former Governor Mahendran “NOT” working at Ministry: Ravi
Jan 24, 2017 (LBO) - Sri Lanka's Finance Minister has denied reports that former Governor of the Central Bank, Arjun Mahendran is attached to his ministry or …
Sri Lanka adds more investigation officers for price controls
Jan 23, 2017 (LBO) – Sri Lanka is enforcing new protection measures from 21st January to safeguard consumers from errant traders who violate price controls …
Bank of Ceylon becomes first bank in Sri Lanka to surpass Rs1 trillion advances
The Bank of Ceylon scored its third “Trillion” at the end of the year 2016. That is surpassing the Rs. One trillion mark in advances- another unique …
New 10MW solar power plant construction to kick-off tomorrow
The foundation stone laying ceremony of a new 10MW solar power plant in Raṇamayurapura, Hambantota will be held tomorrow with the participation of Power …
Sri Lankan exporters face critical barriers at own border: Nishan de Mel
Jan 19, 2017 (LBO) – Sri Lankan exporters face some critical problems at the border of their own country than in the borders of other countries, a top …
First Capital Holdings signs MOU with Oxford Business Group
(PRESS RELEASE) - Sri Lanka’s efforts to boost capital inflows through the gradual liberalisation of its trade and investment laws will be explored in a …
New leasing scheme for vehicles comes into effect
Jan 18, 2017 (LBO) - Central Bank of Sri Lanka has advised commercial banks and leasing companies to follow new regulations in granting loans for vehicle …