Opinion: Importance of nurturing the condominium industry in Sri Lanka
By Blue Ocean Group of Companies The real estate and construction industry in Sri Lanka is one of the major revenue-generating sources with its growth or …
Industry
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Motor Traffic Dept & Citra Lab to provide more user-focused, digital service for Sri Lanka
The global COVID-19 pandemic has highlighted the vital need for an agile public sector that can effectively respond to rapidly evolving challenges. As an …
Sri Lanka Telecom Group welcomes move to initiate number portability
Aug 27, 2020 (LBO) – Sri Lanka Telecom Group welcomes Telecommunications Regulatory Commission’s progressive move to bring number portability. One of the …
ICTA partners with UNDP for a comprehensive & inclusive digital transformation of Sri Lanka
Aug 26, 2020 (LBO) – The Information and Communication Technology Agency (ICTA) and the United Nations Development Programme (UNDP) in Sri Lanka signed a …
SLINTEC and EDB join hands to export COVID-19-related products
Aug 26, 2020 (LBO) – The Sri Lanka Institute of Nanotechnology (SLINTEC) and the Sri Lanka Export Development Board (EDB) has taken the advantage of global …
Tech, health care and telco to drive commercial property demand: RIU
Aug 26, 2020 (LBO) - Research Intelligence Unit (RIU), conducting a survey among Grade A & B commercial space tenants says technology firms, health care …
Dialog Axiata welcomes TRCSL decision of implementing Number Portability in Sri Lanka
Aug 25, 2020 (LBO) – Dialog Axiata congratulates the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) for initiating the process of implementing …
Land Valuation Indicator of Colombo records an annual increase of 7.1-pct in 1H 2020
Aug 25, 2020 (LBO) – Land Valuation Indicator (LVI) of Colombo District reached 141.6 during the 1st half of 2020, recording an annual increase of 7.1 …
Focus needed on seed and sapling production, usage of fertilizer, President says
Aug 25, 2020 (LBO) - President Gotabaya Rajapaksa calling on farmers to increase agro harvest in order to strengthen the local economy proposed a number of …
New Tourism framework to focus on 10 key areas
Aug 25, 2020 (LBO) - Sri Lanka needs a comprehensive system change to revamp post-COVID-19 tourism with all related authorities coming together to industry …
Airtel Lanka appoints Ashish Chandra as Chief Executive Officer & Managing Director
Aug 25, 2020 (LBO) – Airtel Lanka announced the appointment of Ashish Chandra as Chief Executive Officer and Managing Director. In his new role, Ashish has …
E-Registry proposal by the DCS satisfies a much-needed reform for MSEs : Advocata
Aug 24, 2020 (LBO) - The Advocata Institute commends the decision taken by the Department of Census and Statistics (DCS) to launch an e-registry portal to …
Oil Palm industry calls for urgent engagement with Govt. over-cultivation ban
Aug 24, 2020 (LBO) - The Palm Oil Industry Association (POIA) has said in a statement that while it respects the decisions relating to the industry contained …
Pearl Energy to set up LNG Hub in Hambantota; aims LNG trading in the region
Aug 24, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Pearl Energy (Pvt) Ltd to launch ‘Hambantota LNG Hub’ – A …
Sampath Bank becomes youngest to achieve Rs. 1 trillion in assets, in just 33 years
Aug 24, 2020 (LBO) – Sampath Bank recently announced that its asset base has surpassed Rs. 1 trillion, making it the youngest bank in Sri Lanka to achieve …
Fitch rates Seylan Bank’s senior debt ‘A(lka)(EXP)’ & Basel III sub debt ‘BBB+(lka)(EXP)’
Aug 21, 2020 (LBO) – Fitch Ratings Lanka has assigned Seylan Bank's proposed senior debentures an expected National Long-Term Rating of 'A(lka)(EXP)'. Fitch …
Softlogic Finance to infuse Rs. 1.9Bn capital through a Rights Issue
Aug 20, 2020 (LBO) – Softlogic Finance, a subsidiary of Softlogic Capital has announced a capital infusion of Rs. 1.9 Billion by way of a Rights Issue. The …
Sri Lanka vehicle registrations likely to slow in August due to stockouts: Report
Aug 20, 2020 (LBO) - Vehicle registrations in July were only slightly down from June but remain at healthy levels indicative of existing inventory driving …
CBSL revises down caps on interest rates on credit cards, overdrafts & pawning facilities
Aug 20, 2020 (LBO) – Considering bank lending rates of certain financial products which continue to remain high, the Central Bank has decided to revise …
Seylan Bank: Alternative Small Business Export Loan Funding Made Simple
Small and medium-sized enterprise turn into big businesses Today's start-ups are tomorrow's industry leaders, provided they can manage their early expansion in …