Government to implement two water projects at a cost of Rs11.3bn
Having recognized the importance and urgency of implementation of Kirama Katuwana Water Supply Project and project for Augmentation of Water Pipelines along …
Other
President visits Kandy, Stresses on communicating precise information
Mar 08, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena held a special meeting in Kandy to discuss the current situation in the district and stressed …
Mobitel & Commercial Bank launch Data + Credit Card in Sri Lanka
Sri Lanka’s National Mobile Service Provider, Mobitel has partnered with one of the leading banks in Sri Lanka, Commercial Bank to offer a first of its kind …
Recurrence of a conflict will impact adversely on development: CCC
Statement from the Ceylon Chamber of Commerce The Ceylon Chamber of Commerce condemns religious and ethnic intolerance which has led to the current situation …
UN urges authorities and citizens to ensure rule of law is upheld
Mar 08, 2018 (LBO) - The United Nations in Sri Lanka is concerned about the recent incidents of communal violence and condemns these acts in the strongest …
How can a business achieve continuous growth and stability?
(PRESS RELEASE) - ezBiz App is an all-in-one solution offered to help small and medium scale businesses achieve growth and stability. thinkCube, which is a …
Sri Lanka must make inciting racial violence a non bailable offence: Minister
Mar 06, 2018 (LBO) - Sri Lanka's Finance and Media Minister Mangala Samaraweera said that inciting racial violence must be made a non bailable offence. …
Fitch rates People’s Leasing’s senior debt AA-(lka)(EXP)
Fitch Ratings Lanka has assigned People's Leasing & Finance PLC's (PLC, B/AA-(lka)/Stable) proposed senior debenture issue of up to LKR6 billion an …
First Capital fostering bonds with regional clients
First Capital Holdings PLC, further expanded its branch network in an effort to forester stronger bonds with regionally based clients. online pharmacy buy …
Ravi Dadlani to lead CEAT Kelani JV as new Managing Director
CEAT Kelani Holdings has announced the appointment of Mr Ravi Dadlani as Managing Director of the company with effect from 1st March 2018. PreviouslyVice …
Techneed makes foray in to Sri Lankan IoT industry
Techneed (Pvt) Ltd., One of Sri Lanka’s growing high-tech IoT start-ups, today announced the deployment of its “Nurve IOT Gateway” in one of the largest …
The Shape of Water, wins big at 2018 Oscars
Mar 05, 2018 (LBO) - The 90th Academy Awards or the 2018 Oscars came to a close with "The Shape of Water" producers Guillermo del Toro and J. Miles Dale …
SLT group EBITDA improved by 5.4-pct, increasing depreciation affected bottom line
Sri Lanka Telecom (PLC) released its Group and Company financial performance 2017 today. The group comprised of 8 subsidiaries including Mobitel (Pvt) Ltd. …
Fitch rates Sampath Bank’s Basel III sub debt final A(lka)
Fitch Ratings has assigned Sampath Bank PLC's (A+(lka)/Negative) proposed Basel III compliant subordinated debentures a National Long-Term Rating of 'A(lka) '. …
PropertyGuru Asia Property Awards (Sri Lanka) 2018 event gathers momentum, shortlist reveal in June
PropertyGuru, Asia’s foremost online property company, is gearing up to host its first-ever Asia Property Awards gala dinner in Colombo, Sri Lanka in 2018 as …
Fitch rates Sri Lanka-based People’s Insurance A+(lka); outlook stable
Fitch Ratings has assigned Sri Lanka-based People's Insurance PLC a National Insurer Financial Strength (IFS) Rating and National Long-Term Rating of …
Fitch Affirms Richard Pieris & Company at ‘A(lka)’; Outlook Stable
(PRESS RELEASE) Fitch Ratings-Colombo-26 February 2018: Fitch Ratings has affirmed Sri Lanka-based conglomerate Richard Pieris & Company PLC's (RICH) …
DIMO Agribusinesses partners Plantchem and Plantseeds to boost local agriculture
(PRESS RELEASE) - DIMO Agribusinesses, the agriculture arm of Diesel & Motor Engineering PLC (DIMO), recently entered into partnership with Plantchem (Pvt) …
Elon Musk starts SpaceX mission to provide broadband from satellites
Feb 23, 2018 (LBO) – SpaceX made history yet again with the successful deployment of first two Starlink global internet demo satellites to orbit, opening a …
Nestlé delivers Rs37.6bn sales in 2017 amidst challenging market conditions
Continues to invest in Sri Lanka with new products and capacity expansion Revenue of Rs. 37.6 billion for the full year 2017 (up 3.1%) Revenue of Rs. …