Sri Lanka’s BoC to open subscription for Rs8 bn debenture
Dec 20, 2016 (LBO) - Sri Lanka’s state run Bank of Ceylon is opening the subscription list of its 8th listed Rupee debenture issue on 21st December 2016. …
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Funds committed to fossil fuel divestment double in a year
Dec 20, 2016 (LBO) - The value of investment funds committed to selling off fossil fuel assets has doubled in just over a year, a new report states. The value …
Sri Lanka PM cancels Seylan Bank foreign deal, orders probe: Finmin
Dec 19, 2016 (Reuters) – Sri Lankan Prime Minister Ranil Wickremesinghe has ordered a reversal and a probe into the 1.3 billion rupees ($8.7 million) Seylan …
Colombo Stock Exchange lifts trading ban on Brac Lanka Finance
Dec 15, 2016 (LBO) – Sri Lanka’s securities watchdog, the Securities & Exchange Commission has instructed the Colombo Stock Exchange to lift the …
PUCSL warns of power shortages in Q1 2017
Dec 15, 2016 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the regulator of the state-run CEB, issued a warning after observing the risks in …
Central Bank approves Richard Pieris, Chilaw Finance amalgamation
Dec 14, 2016 (LBO) – Sri Lanka’s Central Bank has granted approval for the amalgamation of Clilaw Finance with Richard Pieris Finance, by taking over all …
Uber completes one year in Colombo,Sri Lanka
Dec 14, 2016 (LBO) - Uber, the on-demand technology company has completed a year of operations in Colombo and are looking to hire more people to join their …
Sri Lanka exporters await confirmation of RAMIS
Dec 09, 2016 (LBO) – Sri Lanka’s Exporters Association, which represents a majority of the island’s exporters, has urgently called upon the Finance …
Samsung designs all-screen front for Galaxy S8 phones
Dec 08, 2016 (LBO) – World’s biggest smartphone vendor Samsung is planning to create an all-screen front for the Galaxy S8 smartphones coming out next …
200 Chinese couples eye mass wedding in Sri Lanka
Dec 08, 2016 (LBO) – Sri Lanka’s capital Colombo has been chosen by 200 Chinese couples to hold a mass wedding event. Tourism Development Minister John …
Sri Lanka to ink JV with Chinese firm to develop southern port
Dec 07, 2016 (Reuters) – Sri Lanka will take part in a joint venture with China Merchants Port Holdings Company Limited to develop a port in its south, where …
Sri Lanka’s first management accreditation for tourism unveiled
Dec 07, 2016 (LBO) – Sri Lanka’s first ever professional management accreditation for its surging tourism and hospitality sector has been unveiled in …
Solar can already generate more energy than oil: study
by Nafeez Ahmed While the world has been going crazy, solar has quietly tipped over the edge and kicked oil and gas off the cliff of history. A new scientific …
Fitch rates Bank of Ceylon subordinated debt final AA(lka)
Fitch Ratings Lanka has assigned Bank of Ceylon's (BOC; AA+(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to LKR8bn a final National …
Ceylinco Life’s income tops Rs 17 billion in nine months
Dec 06, 2016 (LBO) - Ceylinco Life has reported total income of 17.165 billion rupees for the nine months ending 30th September 2016, reflecting growth of 15.3 …
London Stock Exchange Group opens new tech facility in Sri Lanka
Dec 06, 2016 (LBO) – London Stock Exchange Group (LSEG) yesterday announced the opening of its new state-of-the-art technology facility in Sri Lanka. …
Visitors to Sri Lanka up 16-pct in Nov 2016, 2 million target in sight
Dec 06, 2016 (LBO) - Tourist arrivals to Sri Lanka in November rose by 16 percent to 167,217 arrivals with Chinese and Western European markets continuing …
Sri Lanka tile importers commend support from budget
Dec 05, 2016 (LBO) - Sri Lanka's Tiles and Sanitary Ware Importers Association (TSIA) have welcomed the support of Budget 2017 for maintaining the reduction on …
Sri Lanka tourism daily rate performance ahead of peers: STR
Dec 05, 2016 (LBO) - Sri Lanka’s 15.6 percent increase in the average room or daily rate (ADR) for tourism during the first ten months of the year puts its …
Korea Eximbank discusses Kandy traffic network with RDA
Dec 05, 2016 (LBO) - Export-Import Bank of Korea (Korea Eximbank) has begun supporting the connectivity plan of the traffic network in Kandy city through a …