More rain in Sri Lanka likely, depression turns to storm: Met Dept
May 19, 2016 (LBO) – Sri Lanka’s Met Department says the deep depression in the Bay of Bengal has intensified into a cyclonic storm ‘ROANU’ which is …
Textured Jersey closes 2015/16 on YTD net profit of Rs. 2.1bn, 63-pct growth
May 19, 2016 (LBO) - Sri Lanka's TJL Group (TJ), a knit fabric manufacturer said its year to date net profit was 2,172 million rupees while the revenue …
International Waters Conference Concludes in Sri Lanka
The 8th Global Environment Facility Biennial International Waters Conference (IWC) concluded last week with a high level segment by Mr. Karunasena …
Sri Lanka could issue Islamic finance sovereign bonds: official
May 18, 2016 (LBO) – Sri Lanka could issue Islamic finance sovereign bonds or 'Sukuks' and take the lead in becoming a regional centre for Islamic financial …
Canada in dairy and agriculture project in Sri Lanka’s north
May 18, 2016 (LBO) – Canada together with UNDP and FAO are working to strengthen agro economic cooperatives in the Northern Sri Lanka, with a specific focus …
Janashakthi Insurance PLC reports consolidated Profit After Tax (PAT) of Rs.358 mn for March 2016
Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit After Tax (PAT) of Rs.358 million for the quarter ended 31st March 2016, a marked Year …
Citizens Development Bank announces Rs1bn debenture issue
May 18, 2016 (LBO) – Sri Lanka’s Citizens Development Business Finance PLC (CDB), a licensed finance company, said it will issue one billion rupees in …
CA Sri Lanka to teach Forensic Accounting to combat fraud
May 18, 2016 (LBO) - Sri Lanka's Institute of Chartered Accountants has launched a course in Forensic Accounting to help combat fraud in the country, a …
Ceylon Chamber and A-PAD launch disaster relief campaign
May 17, 2016 (LBO) - Sri Lanka's Ceylon Chamber of Commerce and the National Platform of the Asia Pacific Alliance for Disaster Management (A-PAD) has launched …
Interview: Sri Lanka gas policy should be included in energy plan
May 16, 2016 (LBO) – Sri Lanka needs a gas policy to be included in its new national energy plan to effectively market its offshore hydrocarbon fields to …
Rajagiriya flyover work to commence July 2016: Harsha
May 16, 2016 (LBO) - Work on the proposed Rajagiriya Flyover will commence from July 2016 and be completed by 2018, a senior official said. “It gives me …
CSE Chairman Chairs 4th SAFE Executive Committee Board Meeting in Mumbai
Mr. Vajira Kulatilaka, the Chairman of the Colombo Stock Exchange (CSE), in his capacity as the Chairman of the South Asian Federation of Exchanges (SAFE) …
Is request for emergency power a scam? Consumer group asks
May 13, 2016 (LBO) – The National Consumer Network of Sri Lanka (NCNSL) says it is reasonable to suspect the motives behind the need for emergency power in …
ODEL joins Burger King at spacious new location in Wattala
The bustling suburb of Wattala was granted bragging rights to a new dimension in fashion and lifestyle retail when ODEL and Burger King came together at …
EU discusses Sri Lanka’s GSP+ application
May 12, 2016 (LBO) - Sri Lanka’s government and the EU said the island’s GSP application was discussed at the EU-Sri Lanka Working Group on Trade and …
BoardPAC chosen by Bangladesh’s City Bank to debut corporate governance solution
The award-winning Sri Lanka-developed corporate governance solution BoardPAC has been selected by The City Bank, a leading commercial bank in Bangladesh,as its …
Advance Business Partner led ICT Gateway to link SL ICT firms with Norwegian counterparts – CCC
Under the Ceylon Chamber of Commerce and Advance Business Partner AS of Norway led Sri Lanka – Norway Matchmaking program, Sri Lankan ICT firms now have …
Commercial Bank Q1 profit before tax up 28-pct to Rs 4.6bn
Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of Rs 5.377 billion for the three months ending 31st March 2016, commencing the year with …
China to help upgrade Sri Lankan hospitals, Japanese assistance for coast guard
May 12, 2016 (LBO) – Sri Lanka’s Cabinet has approved to use funds granted China amounting 85 million US dollars to develop the healthcare sector. online …
Sri Lanka to reform Bankruptcy laws
May 11, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve amending the Companies Act No. 7 of 2007 for introduction of new laws in institutional …