ADB assures support for Sri Lanka including capital market reforms
Jul 11, 2016 (LBO) – The Asian Development Bank (ADB) says that Sri Lanka can aim for higher growth by boosting its private investments, connectivity and …
Industry
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Maximum retail prices of VAT excluded essential goods to be re-gazetted
July 08, 2016 (LBO) – Sri Lanka’s cabinet is scheduled to meet next Tuesday to decide on the maximum retail prices of VAT excluded essential goods, …
Sri Lankan rupee ends higher on banks’ dollar sales
July 8 (Reuters) - The Sri Lankan rupee ended firmer in one-week forwards on Friday, as foreign banks sold dollars on behalf of offshore investors to buy local …
Brexit won’t have major impact on Sri Lankan apparel: Colombo Chamber
July 08, 2016 (LBO) – Sri Lanka needs to develop a strong local economy that is not vulnerable to changes caused by international incidents, president of …
Ceylon Hotels Corp to reduce capital to clear carry forward losses
July 07, 2016 (LBO) – Ceylon Hotels Corporation has called an EGM in September to seek shareholder approval for the reduction of its stated capital to wipe …
Sri Lanka power regulator warns CEB on long term generation plan
Jul 07, 2016 (LBO) – Sri Lanka’s Public Utilities Commission (PUCSL) has warned that immediate action was necessary and that the Ceylon Electricity Board …
Sri Lanka up two notches in Networked Readiness Index 2016
July 07, 2016 (LBO) – Sri Lanka has been ranked 63rd among 139 countries in the 2016 Networked Readiness Index showing a marginal improvement on its previous …
Sri Lanka to improve vehicle registration system with E-Motoring
July 07, 2016 (LBO) – Sri Lanka’s cabinet has approved a proposal to improve the vehicle registration process at the Motor Traffic Department with the …
Interview: NDB’s One Account to meet long felt need in banking, wealth management
July 07, 2016 (LBO) - Sri Lanka's NDB Bank recently launched "One Account" to meet a need in the retail affluent segment, a bundled offering of a current …
Port City to increase local and foreign real estate demand: RIU
Jul 07, 2016 (LBO) - Colombo Port City project now incorporated under the overall Megapolis plan will create a rising demand for real-estate from local and …
CA Sri Lanka unveils innovative executive & postgraduate diploma for executives
In remaining relevant amidst increasing challenges in the corporate world, the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri …
Sri Lanka to collaborate with Guangdong Gems and Jade Exchange
Jul 05, 2016 (LBO) - Sri Lanka Gem and Jewellery Association (SLGJA) together with the National Gem and Jewellery Authority signed a Memorandum of …
Motor car registrations down sharply from Sept peak: JB Securities
July 05, 2016 (LBO) - Motor car registrations in Sri Lanka recorded 3,657 units in May, slightly down from 3,664 units in April, but significantly lower than a …
Sri Lanka tourist arrivals up 2.2-pct in June 2016
Jul 05, 2016 (LBO) - Sri Lanka's tourist arrivals grew just 2.2 percent to 118,038 in June 2016 from a year earlier, with arrivals from India and China …
Consumer authority conducts over 10,000 raids, collects Rs48mn fines
July 04, 2016 (LBO) – Sri Lanka’s Consumer Affairs Authority has conducted more than 10,000 raids in the first half of this year, latest data showed.buy …
LBR LBO Summit to focus on brand innovation in the digital age
Jul 04, 2016 (LBO) - Sri Lanka’s leading digital strategists and regional thought leaders will take the stage at the 2016 edition of “LBR LBO Brand …
Sri Lanka’s first National Coop Policy & Coop Act in the offing
As Sri Lanka’s third economic force reported total value close to $ 3 Bn, it is set to enter the next stage of development with a variety of support measures …
Sri Lanka Ports Authority profit rises along with debt
July 04, 2016 (LBO) - Sri Lanka Ports Authority boosted profits by 43.7 percent to 4.6 billion rupees before tax, during the first four months of the year, the …
CEB posts Rs5.8 bln operating loss in first four months of 2016
July 01, 2016 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board has recorded an operating loss of 5,781 million rupees in the first four months of …
Commercial Bank adds crosscurrency transactions to Online Banking
The Commercial Bank of Ceylon has added a new dimension to its Online Banking platform by enabling foreign currency account holders to carry out fund transfers …