Opinion: Domestic payment cards drive economic and social benefits
By LankaClear Groundbreaking research carried out in five major continents across the world by Anthemis Group has found that domestic card schemes and …
Industry
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President kick starts building a people-centric economy
Aug 19, 2020 (LBO) - President Gotabaya Rajapaksa stated that the structures of the State Ministries were formulated with the intention of building a people …
Committee appointed to look into irregularities in four state banks during last 5 years
Aug 19, 2020 (LBO) – A committee has been appointed to look into the instances of irregularities and ineffective actions in the four major state banks during …
Sivan Arul Illam: Northern Province enterprise exporting spices worldwide started as 2004 Tsunami children’s refuge
By Jekhan Aruliah “Charity begins at home”. For the Northern Province based Sivan Arul Illam charity began by creating a children’s home. The home was …
CCC launches online marketplace to promote export amid growing demand
Aug 19, 2020 (LBO) – The Ceylon Chamber of Commerce with a view to support companies to promote exports from Sri Lanka, entered into a partnership agreement …
HNB & People’s Bank partner with Sanken Group to finance Capitol TwinPeaks to completion
Hatton National Bank (HNB) and People’s Bank together with the Sanken Group signed an agreement, on 12th August 2020, to ensure balance funding, for the …
Ceylon Electricity Board announces power cut schedule
Aug 18, 2020 (LBO) – Ceylon Electricity Board says they are currently experiencing a severe capacity deficit due to the unavailability of Lakvijaya Power …
CEAT to develop local industry: Save Rs.11Bn in foreign exchange via import substitution
Aug 18, 2020 (LBO) - CEAT Kelani Holdings has announced that in response to the Government's policies to develop domestic industry, it has stepped up capacity …
Uber’s 24×7 safety helpline live in Sri Lanka
Aug 18, 2020 (LBO) - Uber has relaunched its on-trip 24x7 Safety Helpline in Sri Lanka to ensure the safety of riders and to provide them greater peace of …
Hayleys reports PAT of Rs.561.76 million Q1 2020
Aug 18, 2020 (LBO) - The Hayleys Group remained resilient amidst unprecedented challenges to record a pre-tax profit of Rs.1.17 billion in the first quarter of …
First Capital posts PAT of Rs. 1.46bn for 1Q 20/21 on the back of strong results for FY 19/20
Aug 18, 2020 (LBO) – First Capital Holdings PLC (the Group) the only listed investment bank in Sri Lanka, continued its growth momentum into the first …
Pandemic Shock Dampens Digital Banks’ Prospects in Asia: Fitch Ratings
Aug 18, 2020 (LBO) – Aspiring digital bank entrants in Asia may struggle to attain the critical mass necessary to reach business viability amid the …
Strengthen your brand digitally – with Progressive Web Apps (PWAs).
Being able to settle into a remote work environment hasn’t been the only important aspect of business continuity, after the COVID-19 pandemic. Isolation and …
ComBank’s assets cross milestone Rs 1.5 trillion in 1H 2020
The Commercial Bank of Ceylon Group has reported mixed results for the first half of 2020, with robust top line growth negated by a combination of factors …
HNB posts Rs 5.5Bn Group PAT in 1H 2020 amid COVID-19 disruptions
Aug 17, 2020 (LBO) – HNB posted resilient financial results during the 1H 2020 amid the unprecedented disruptions of COVID-19 pandemic with Group PAT for 1H …
BOI signs agreement with HTCey Aqua Culture for Vannamei Shrimp project in Puttalam
Aug 17, 2020 (LBO) - The Board of Investment of Sri Lanka has signed an agreement with HTCey Aqua Culture (Pvt) Limited for a 12 million pl (Post Larvae) …
Plantation companies to lose Rs 500 mn. due to govt. vacillation on oil palm
Aug 17, 2020 (LBO) - Plantation companies will sustain a cumulative loss of more than Rs 500 million within months due to policy inconsistencies and …
MarCom Collective congratulates new Govt: Seeks partnership to rebuild industry
Aug 17, 2020 (LBO) - The MarCom Collective congratulated Prime Minister Mahinda Rajapaksa and his newly appointed cabinet of ministers as well as all other …
Sri Lanka’s exports surpass USD 1bn mark in July with V shape recovery
Aug 14, 2020 (LBO) – Sri Lanka’s exports have surpassed the USD 1 billion mark in July after six months time period where a similar achievement was only …
Daintee acquisition to boost Sunshine’s defensive cash flows: Fitch Ratings
Aug 14, 2020 (LBO) – Sunshine Holdings PLC's 100 percent acquisition of Sri Lanka-based confectionery maker Daintee Limited will increase the cash flow of …