Commercial Bank receives USD 50Mn equity from International Finance Corporation
Oct 07, 2020 (LBO) – The Commercial Bank of Ceylon has announced the completion of all formalities relating to the private placement of shares with the …
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SL Tourism and Australia’s MDF to develop 5 year plan for tourism research
Oct 06, 2020 (LBO) - Sri Lanka Tourism Development Authority (SLTDA) and Australia’s Market Development Facility (MDF) have joined hands to develop a …
7 promising startups graduate from SL’s first virtual fintech accelerator
HatchX, Sri Lanka’s first fintech startup accelerator programme, recently concluded its demo day with its first cohort of 7 promising local fintech startups …
Early detection of COVID-19 positive employee: Brandix
Oct 05, 2020 (LBO) - Brandix has detected that an apparel worker in its manufacturing facility in Minuwangoda is COVID-19 positive, a statement said. "The …
Morison opens largest pharma facility in SL: Total investment of USD 18.5Mn
Oct 02, 2020 (LBO) - Morison PLC, a subsidiary of Hemas Holdings PLC opened its new state-of-the-art manufacturing plant and research and development facility …
Economists urge decisive action to prevent emerging Sri Lankan debt crisis
Oct 02, 2020 (LBO ) - A panel of eminent economists urged that the Government take credible and decisive action to prevent a painful debt crisis in Sri Lanka. …
Mobitel and Huawei launches first mid-range 5G Smartphone in Sri Lanka
Continuing its excellence in brining latest technology and devices, Mobitel, Sri Lanka’s National Mobile Service Provider, introduced Huawei’s next …
Stay home, stay safe with PickMe and Nations Trust Bank American Express
Nations Trust Bank American Express has partnered with PickMe to make it convenient and rewarding to have your favourite cuisine and groceries delivered to …
Advocata to live stream session on “How can we improve Sri Lanka’s debt sustainability” today
Sep 30, 2020 (LBO) - The Advocata Institute has launched its latest public policy discussion series 'DeepDive'. This series commences with several …
Abans to divest its stake in Abans Finance to Softlogic Capital
Sep 29, 2020 (LBO) – Abans PLC, the controlling shareholder of Abans Finance PLC, will be selling its stake in the finance company to Softlogic Capital PLC, …
Moody’s downgrades ratings of BOC, HNB & Sampath Bank; outlooks stable
Sep 29, 2020 (LBO) – Moody's Investors Service has today downgraded the long-term foreign currency deposit ratings of Bank of Ceylon (BOC), Hatton National …
Cabinet decides to cancel LRT project proposed for Western Province
Sep 29, 2020 (LBO) – Cabinet of Ministers has decided to cancel the Light Rail Transit (LRT) System Project planned to be implemented in the Western …
Sri Lanka calls for a paradigm shift on how tourism & travel is perceived in China
Consul General of Sri Lanka Manorie Mallikaratchy, making a presentation on Sri Lanka as a tourist destination, called for a paradigm shift on how the tourism …
New to Ecommerce? Here’s a quick look at some of the best ecommerce website builders and programming languages.
If you’ve been like the vast majority of businesses, chances are that you’ve had to make a lot of adjustments to cope with the prevailing pandemic. …
CCC organize 20th Sri Lanka Economic Summit on 1-2 December 2020
Sep 28, 2020 (LBO) - The Ceylon Chamber of Commerce will be organizing the 20th Sri Lanka Economic Summit (SLES) on the 1st and 2nd of December 2020 at the …
Sampath Bank names Rushanka as Dy Chair, Keshini joins as independent Director
Sampath Bank PLC announced the elevation of Rushanka Silva as Deputy Chairman (Non-Independent, Non-Executive Director) and Deshal De Mel as Senior Independent …
Sri Lanka and India to establish an air bubble to resume safe travel
Sep 26, 2020 (LBO) – An air bubble is to be established between Sri Lanka and India to resume travel bearing in mind the threat posed by the Covid-19 …
Sri Lanka Export Development Board proposes export stimulus reward scheme for exporters
Sep 25, 2020 (LBO) – The commendable performance of Sri Lankan exporters and the resilience shown during an unprecedented COVID 19 pandemic is to be rewarded …
President steers revival of Export Development Council
Sep 25, 2020 (LBO) - After a lapse of 28 years the Export Development Council (EDC) was convened under the patronage of President Gotabaya Rajapaksa and Prime …
CA Sri Lanka continues to push companies to adopt integrated reporting
Sep 24, 2020 (LBO) – President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Manil Jayesinghe recently continued to push companies …