Commercial Bank’s 9-month post-tax profit crosses Rs 10 billion
(Press Release) Loan book upby Rs 66.4 billionto Rs. 574.5 billion Deposits grow by Rs 86.4 billion to Rs 710.5 billio Assets reach Rs 953.3 billion, …
Sri Lanka to list Mobitel, Hyatt other state enterprises: Budget 2017
Nov 10, 2016 (LBO) - Sri Lanka's Finance Minister Ravi Karunanayake said several state-owned enterprises such as Mobitel, Hyatt, Waters Edge, Grand Oriental …
Sri Lanka to set up sugar fund with ethanol tax and cess: Ravi
Nov 10, 2016 (LBO) – Sri Lanka will set up a special price stabilization fund for sugar cane, and give state land and a 100 percent capital allowance to set …
Fitch Affirms Standard Chartered Bank Sri Lanka Branch at ‘AAA(lka)’
(PRESS RELEASE) - Fitch Ratings-Colombo-10 November 2016: Fitch Ratings has affirmed Standard Chartered Bank, Sri Lanka Branch's (SCBSL) National Long- Term …
Nestlé Lanka’s growth at 6.1-pct in first nine months of 2016
(PRESS RELEASE) Nestlé Lanka’s growth at 6.1 % in first nine months of 2016 Sales of Rs.27.8 billion with 6.1% growth Net Profit ofRs. 3.5 billion Focuses …
Sri Lanka govt to fund Rs635Mn development of BIA
Nov 10, 2016 (LBO) - Sri Lanka's cabinet of ministers have given the go ahead to construct a new immigration hall, electronic mall and an expansion of the …
Sri Lanka govt approves phase 2 of Central Expressway, only single bidders
Nov 09, 2016 (LBO) - Sri Lanka’s cabinet has given the nod to build the second section of Central Expressway which runs from Mirigama to Kurunegala for …
What you need to know when transferring funds in and out of Sri Lanka – RIU
(PRESS RELEASE) During a recent RIU (Research Intelligence Unit) Investor forum in London, it was found that the number one cause of both confusion and concern …
Sri Lankan rupee trades firmer on dollar selling by banks
COLOMBO, Nov 9 (Reuters) - The Sri Lankan rupee was trading firmer on Wednesday as dollar selling by banks outpaced demand for the greenback from importers as …
Sri Lanka’s tourism minister highlights red-tape as major challenge
Nov 09, 2016 (LBO) - Sri Lanka’s ambitious plans to develop its tourism sector are being held up by too much bureaucracy, according to the island’s …
Dollar spooked in Asia as US polls too close to call
SYDNEY, Nov 9 (Reuters) - Asian markets were on tenterhooks on Wednesday as early state exit polls in the U.S. presidential election showed wins for both …
Budget 2017 will rectify all anomalies: Finance Minister
Nov 09, 2016 (LBO) - Sri Lanka's Minister of Finance said that the 2017 Budget will be a pro-growth budget which will focus on the deficiencies for the last …
Sri Lanka welcomes first KLM flight after nearly 20 years
Nov 08, 2016 (LBO) - KLM Royal Dutch Airlines resumed flights to Sri Lanka on 01 November with a twice-weekly service between Colombo and Amsterdam operated by …
Nestlé Lanka invests Rs500Mn in Sri Lanka’s dairy industry
Nov 08, 2016 (LBO) - Nestlé Lanka, a unit of the Swiss-based food group, announced the opening of a new UHT milk plant in their factory in Kurunegala. online …
VirtusaPolaris Unveils Robotic Automation and Innovation Centre, RAICer, at Colombo Facility
(PRESS RELEASE) - Taking Robotic Process Automation (RPA) and Quality Assurance (QA) practices to the next level, VirtusaPolaris unveiled its latest epicentre …
JAT conferred Sri Lanka Best Employer Brand Award
(PRESS RELEASE) - Colombo. Friday 04 November 2016. JAT Holdings announced that it has been named Sri Lanka’s Best Employer Brand, an award conferred by the …
Budget 2017 will bring change to Sri Lanka: Ravi K
Nov 08, 2016 (LBO) - Sri Lanka's Budget 2017 will reduce cost of living and strengthen investments, the Finance Minister said. online pharmacy buy diflucan …
Asian shares, dollar, ride high on Clinton’s chances
SINGAPORE, Nov 8 (Reuters) - Asian shares rose in early Asian trade on Tuesday ahead of the U.S. presidential election, with investor sentiment buoyed by …
Sri Lanka tourist arrivals up 14-pct in October 2016, India, China lead
Nov 07, 2016 (LBO) – Tourist arrivals to Sri Lanka were up by 13.7 percent in October 2016 from a year ago with Indian and Chinese markets growing in double …
Gemfields PLC announces preferred suppliers for supply chain
Nov 07, 2016 (LBO) - Ratnapura Lanka Gemstones, a subsidiary of Gemfields plc, has announced the shortlisting of preferred suppliers following the call for …