SriLankan Airlines increases flights to Singapore; adds Malaysia
Dec 13, 2020 (LBO) – SriLankan Airlines is set to increase the frequency of passenger flights from Colombo to Singapore from once a week to thrice a week, …
Industry
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Pakistan High Commissioner to Sri Lanka visits Hambantota International Port
Dec 13, 2020 (LBO) – The High Commissioner of Pakistan to Sri Lanka, Major General (R) Muhammad Saad Khattak accompanied by his wife, Saeeda Saad and Press …
Code.org partners with Jaffna Stallions to promote free computer training for students
Dec 10, 2020 (LBO) – The Jaffna Stallions announced today that they will participate in the Hour of Code campaign, a one-hour introduction to computer …
New manufacturing facility Lanwa Sanstha Cement Factory to be commissioned in June
Dec 10, 2020 (LBO) – State-of-the-art cement manufacturing facility Lanwa Sanstha Cement Corporation (Pvt) Ltd which is slated to be one of the largest in …
UNDP engages pvt sector to ensure human rights at centre of recovery efforts
The instability and fear that the COVID-19 pandemic brings about is exacerbating human rights concerns around the world. While businesses face an unprecedented …
Mobile app development frameworks 101: React Native and Flutter.
As a leading technology solutions provider and AWS partner in the country, we’ve been at the forefront of observing numerous digital trends throughout the …
Fitch downgrades Sri Lanka Insurance’s IFS to ‘CCC+’ on sovereign downgrade
Dec 09, 2020 (LBO) – Fitch Ratings has downgraded Sri Lanka Insurance Corporation Limited's (SLIC) Insurer Financial Strength (IFS) Rating to 'CCC+' from …
Sri Lanka’s Angel Fund shortlists five startups for investment
The Angel Fund, the first of its kind in Sri Lanka, has shortlisted its five early-stage startups for potential investment; Niftron, Traccular, Medica, …
Siyabalanduwa 100MW Solar Power Plant to be built under private sector investments
Dec 08, 2020 (LBO) – The necessary preliminary steps have been taken to implement the Siyabalanduwa Solar Power Plant such as studying the feasibilities, …
Taxes on essential products: Bringing debate back to where it matters
By Advocata Sri Lanka’s exorbitant taxes on sanitary napkins had the media spotlight over the last few weeks - this is not a new issue. In 2018 the total …
Chinese firm obtains tax relief to build tire manufacturing plant in Sri Lanka
Dec 08, 2020 (LBO) – Shandong Haohua Tire Co. Limited of China has submitted a project proposal to the Board of Investment with an investment of 300 million …
Fitch downgrades Bank of Ceylon to ‘CCC’ on sovereign downgrade
Dec 08, 2020 (LBO) – Fitch Ratings has downgraded Bank of Ceylon's (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'CCC', from …
Multiple wins for Union Assurance at Sri Lanka leadership awards 2020
Union Assurance clinched multiple awards including Best Brand and Sustainable Marketing Excellence at the Sri Lanka Leadership Awards, as well as Best Employer …
ABCs of investing in Sri Lankan real estate
By Lanka Property Web Imagine overlooking the crashing beach waves and feeling the cool ocean breeze stroking your cheeks as you sip on a cup of tea from the …
Renuka Holding PLC to raise Rs.1Bn via rights issue on CSE digital platform
Dec 08, 2020 (LBO) - Renuka Holding PLC (RHL) has announced plans to raise Rs. 1.031 billion via a Rights Issue closing on the 16th of December to carry out …
World Bank says SL’s high-level of informal employment a concern
Dec 07, 2020 (LBO) - Around 70 percent of Sri Lanka's workforce are informally employed and there are generally three reasons to be concerned about high …
SriLankan Airlines named ‘World’s Leading Airline to Indian Ocean’ at WTA
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance has won the prestigious ‘World’s Leading Airline to the Indian …
More female riders could boost revenues for ride-hailing in Sri Lanka, finds new IFC study
Dec 03, 2020 (LBO) – Annual revenues for ride-hailing in Sri Lanka could increase by more than a quarter if gaps between men and women’s ridership were …
Uber Eats marks second anniversary in Sri Lanka, completes 10 million orders
Uber Eats is marking its second year anniversary in Sri Lanka after successfully delivering 10 million orders to hungry eaters. The platform more than doubled …
Standard Chartered supports SL’s economic recovery via financing facilities for PPE manufacturers
Dec 02, 2020 (LBO) - Standard Chartered Sri Lanka announced today the facilitation of financing for Industrial Clothing Limited (Midas Safety Sri Lanka) as …