Treasury issues letters confirming Rs. 9.6bn arrears to contractors and suppliers
Sep 24, 2020 (LBO) – Sri Lanka’s Treasury has completed issuing confirmation letters verifying the bills worth 9.6 billion rupees due to 303 government …
Industry
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‘SriLanka @100’ launched to boost economic prosperity through mid-market firms growth
Sep 24, 2020 (LBO) - Sri Lanka@100, a private sector-led initiative was launched in Colombo on Thursday with the emphasis to enable the island to become a …
Nations Trust Bank goes green with e-Leaflets
Nations Trust Bank is well-known in the banking space for its commitment to digital accessibility and social responsibility. Thus, as the next-step in its …
Central Bank releses ‘Sri Lanka Socio Economic Data – 2020’
“Sri Lanka Socio Economic Data – 2020”, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The …
Mastercard announces support for CBSL’s campaign to expand digital transactions
Sep 23, 2020 (LBO) – Mastercard today announced its support for the Central Bank's ‘Cash Wade’ campaign which aims to increase the adoption of digital …
Opinion: Driving Value through mastering Internal Capital Adequacy Assessment Process
By Rajith Perera, Partner/Principal, Financial Accounting Advisory Services, Ernst & Young, Sri Lanka COVID-19 pandemic represents the biggest test of the …
Over 100 complaints against state banks & their affiliates so far: Finance Ministry
Sep 21, 2020 (LBO) – The committee appointed to look into the irregularities in four state banks during the last 5 years has received over 100 complaints so …
SL Tourism to celebrate World Tourism Day 2020 from 25th to 27th Sept
Under the guidance of the Ministry of Tourism, Sri Lanka Tourism Development Authority and the Department of Trade Commerce and Tourism of Central Provincial …
John Keells Hotels & Indra Traders to build 3-star lean luxury hotel in Kandy
Sep 21, 2020 (LBO) – The Board of Investment (BOI) of Sri Lanka signed an agreement with Indra Hotels and Resorts Kandy (Pvt) Ltd., a joint venture between …
PUCSL launches mobile service to solve electricity consumer complaints
Sep 21, 2020 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator together with Ceylon Electricity Board (CEB) and …
Iconic Galaxy’s Privé apartments
Infrastructure developer Iconic Developments announced that construction of its premier Privé apartments of its latest luxury living space, the Iconic Galaxy, …
ICRA Lanka reaffirms the ratings of Vallibel Finance PLC
Sep 18, 2020 (LBO) - ICRA Lanka Limited has reaffirmed the issuer rating of Vallibel Finance PLC (VFP or the Company) at [SL]BBB (Pronounced SL triple B) with …
Business readiness, citizen maturity for SL’s e-commerce still at basic level: report
Sep 17, 2020 (LBO) – In spite of the optimism among businesses with regard to the use of e-commerce, the present state of e-commerce development in Sri Lanka …
Affordable interest rates from Seylan Bank to support export SME’s
Sri Lanka has always been an entrepreneurial nation, with small business as the backbone of the economy and the labour force. Small medium enterprise …
Cabinet approves proposal to find an investor for new 300MW LNG plant in Kerawalapitya
Sep 17, 2020 (LBO) – The Cabinet of Ministers have approved a proposal to find an investor for the second 300MW combined cycle LNG power plant in …
Sri Lanka vehicle registrations down in Aug 2020
Sep 17, 2020 (LBO) - Total vehicle registrations significantly came down in August to 17,493 units down from 28,572 the previous month with slow downs shown …
SL ranks 83 on Economic Freedom of World index
Sep 17, 2020 (LBO) - Sri Lanka ranks 83 out of 162 countries and territories included in the Economic Freedom of the World: 2020 Annual Report, released …
165 MW to be restored to national grid soon from Kelanitissa: Power Minister
Sep 16, 2020 (LBO) – The Minister of Power and Energy, Dullas Alahapperuma has instructed the officials of the Kelanitissa Power Plant to restore the …
BOI signs agreement to set up a sea cucumber processing factory in Jaffna
Sep 16, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Suganth Seafood (Pvt) Ltd to set up a Sea Cucumber processing factory …
President authorized the construction of a docking bay in Beruwala
President Gotabaya Rajapaksa said that Sri Lanka can use its unique locational advantage to become one of the world's leading maritime hubs. President …