President inaugurated Tokyo Cement’s 2nd biomass power plant in Trinco
President Maithripala Sirisena ceremoniously inaugurated Tokyo Cement’s 2nd Biomass Power Plant in Trincomalee on the 5th of May, as part of a series of …
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Bank of Ceylon relocates its Disaster Recovery Center
Press Release: Sri Lanka’s Bank of Ceylon, re-launched its Disaster Recovery Center (DRC) with the State-of the-art technology and new facilities recently. …
Sampath Bank surpasses Rs 2Bn mark for PTP in quarter ended March 31
(PRESS RELEASE) - Sampath Bank surpassed Rs 2.0 billion mark to achieve post tax profit (PTP) of Rs 2.3 billion for the quarter ended March 31, 2017. This …
CA Sri Lanka members recognized as forensic accounting specialists
Over 40 members of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), who hold senior management positions in the public and private sectors …
Transparency in government securities market further improves: CB
The Central Bank on 26.04.2017 mandated the primary dealers and licensed banks to use the Bloomberg electronic bond trading platform to trade repurchase …
Must use GSP Plus period as ‘breathing space’ rather than ‘comfort zone’: CCC
The Ceylon Chamber of Commerce is encouraged by the prospects of regaining the GSP Plus trade preferences and is hopeful that the final vote at the EU Council …
Fitch withdraws expected ratings on Seylan Bank’s debenture
Fitch Ratings has withdrawn the 'A-(EXP)(lka)' expected rating assigned to Seylan Bank PLC's (A-(lka)/Stable) proposed senior debenture issue as the debt …
Mobitel includes Instagram in its standard packages
Sri Lanka’s National Mobile Service Provider, Mobitel recently included Instagram in its Social Networking bundle, giving users that chance to snap and share …
R I L Property records Rs.1.1bn Profit After Tax for the Financial Year 2016/17
(PRESS RELEASE) - R I L Property Limited (RIL), which recently concluded its successful IPO, has recorded a Group Profit After Tax of Rs. 1.1 Bn for the …
Moscow invites Sri Lanka for Russia’s Davos
Sri Lanka has been given a fresh opportunity to showcase its investment and export portfolios to the emerging markets as well as the huge Russian region …
Sri Lanka expands crop insurance to five other crops
May 02, 2017 (LBO) – Sri Lanka’s Finance Ministry has expanded crop insurance that has so far covered paddy cultivation to five other food crops. The …
Exporters’ Association welcomes government efforts to regain GSP+
The EASL welcomes the efforts of the government to secure the vote from the EU parliament to regain GSP+. Once the concession is fully in place, Sri Lankan …
PUCSL discusses environmental concerns with Norochcholai communities
Apr 28, 2017 (LBO) - Sri Lanka's power regulator said that discussions are ongoing with communities that have raised concerns over the environmental impact of …
LiCC launches water-proof denim jeans in Sri Lanka
Firebrand jeans retailer Long Island Clothing Company (LiCC) today launched a trail blazing brand of water-proof jeans and thus takes the much favoured denim …
Seylan Bank posts profit after tax of Rs866mn in 1Q 2017, 20% YoY growth
Seylan Bank made a steady start in 2017 by posting impressive results for Q1 with a Profit after Tax of Rs. 866 Million in the backdrop of uncertain market …
DFCC Bank takes banking to customers’ doorstep with Mobile Teller
Sustaining its momentum to offer technology-backed convenience to customers, DFCC Bank re-launches “Mobile Teller” a digital banking service owned and …
Sri Lanka, India sign MOU to cooperate on economic projects
Apr 27, 2017 (LBO) – Sri Lanka and India signed an MoU on economic co-operation in the presence of Prime Minister Narendra Modi and Sri Lankan counterpart …
Mobitel launches first ever Digital Recharge System in Sri Lanka
Sri Lanka’s National Mobile Service Provider, Mobitel sustains its lead at the forefront of the mobile commerce revolution in the country by pioneering the …
Ceylon Chamber to publish a Registry of Northern Province SMEs
The Ceylon Chamber of Commerce in its initiative to assist Small and Medium Enterprises (SMEs) in the Northern Province is making arrangements to publish a …