Sri Lankan banks’ ratings unaffected by proposed FLC mergers: Fitch Ratings
Nov 23, 2020 (LBO) – The mergers of Sri Lankan finance and leasing company (FLC) subsidiaries with their parent banks will not have an immediate impact on …
Industry
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Rigid Tyre plant to commence operations in mid-January boosting Sri Lankan exports
Rigid Tyre Corporation (Pvt) Ltd built with an investment of USD 250 million is slated for opening in mid-January 2021. The state-of-the-art, fully-integrated …
Hambantota International Port helps ease congestion at Colombo Port
Two transshipment feeder vessels that were idling at the Colombo Port anchorage for approximately 7 days due to increased congestion, called at the Hambantota …
Fitch affirms Ceylon Electricity Board at ‘AA+(lka)’; outlook negative
Nov 20, 2020 (LBO) – Fitch Ratings has affirmed Sri Lanka-based Ceylon Electricity Board's (CEB) National Long-Term Rating at 'AA+(lka)' with a Negative …
Travellers from Sri Lanka not required to self-isolate on arrival: British High Commission
Nov 20, 2020 (LBO) – From Saturday 21 November, travellers from Sri Lanka will no longer be required to self-isolate on arrival in England, Wales and …
Thailand leads in race for ASEAN Digital Hub with upgraded ICT infrastructure
Thailand, which leads ASEAN in 5G rollout, is eyeing the pole position in the race for ASEAN digital hub with its initiative to boost the ICT infrastructure …
Standard Chartered releases first sustainable finance impact report
Standard Chartered Bank recently published its first annual Sustainable Finance Impact Report highlighting the Bank’s unique contribution to tackling climate …
Sri Lankan property market still stable amidst 2nd COVID-19 wave
Lanka Property Web With the initial Minuwangoda COVID-19 cluster growing in different parts of the country, and ad hoc curfews being put in place, on the 2nd …
PA urges wage reform to ensure a sustainable future for every plantation worker
The Planters’ Association of Ceylon (PA) announced that it would be championing radically progressive wage reforms towards securing a sustainable outcome for …
CA Sri Lanka, SDB sign landmark MoU to offer SMEs better access to finance
Nov 18, 2020 (LBO) – In a landmark move aimed at reinforcing the dynamic Small and Medium-Sized Enterprises (SMEs) in the country, the Institute of Chartered …
Sri Lanka targets 4-pct budget deficit of GDP by 2025
Nov 17, 2020 (LBO) - Sri Lanka plans to bring down it budget deficit to 4 percent by 2025 from the current 9 percent, Prime Minister and Finance Minister said …
Is now a good time to invest in real estate?
Nayana Mawilmada, Sector Head, John Keells Properties Real estate in central Colombo has been inaccessible to a majority of Sri Lankans for quite some time. …
ITC conducts webinar on GSP+ to discuss better-utilising concessions for local businesses
The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka organized a webinar on ‘GSP+ for Enhanced Market …
Opinion: Adaptation of EdTech in new “Normal & Beyond
By Chaminda V. Silva and Gamika Seneviratne With Covid-19 continuing to impact our everyday life, the schooling system across the country is gearing up for an …
Hambantota International Port shows rapid transshipment increase in last 2 months
Nov 15, 2020 (LBO) – The Hambantota International Port’s (HIP) RORO operations in the last 2 months has seen a rapid increase in numbers as a result of the …
Sri Lanka to receive same benefits of EU GSP+ for UK from 2021
Nov 14, 2020 (LBO) – Since the UK is the main market for Sri Lanka’s exports to the EU region and the second largest export market after the USA, it is …
Foreign Ministry cautions Sri Lankan travellers
Nov 13, 2020 (LBO) – Sri Lanka's Foreign Ministry urges all prospective Sri Lankan travellers both inbound and outbound to be cautious of individuals who …
Central Bank to maintain licence fee of licensed banks unchanged for 2021
Nov 13, 2020 (LBO) – The Monetary Board of the Central Bank has determined to maintain the licence fee structure applicable for years 2019 and 2020 unchanged …
Comm Bank Group’s operating income up 11.84-pct to Rs.55.8Bn
Gains from governmentsecurities, foreign exchange (FX)swap trading and FXtrading activities have enabled the Commercial Bank of Ceylon Group to mitigate to …