FM will formally inform decision of govt. to withdraw co-sponsorship of resolution
Feb 26, 2020 (LBO) - Minister of Foreign Relations, Skills Development, Employment and Labour Relations, Dinesh Gunawardena who leads the Sri Lanka delegation …
New ADB head pledges to support development in public and private sectors
Feb 25, 2020 (LBO) - The new Asian Development Bank (ADB) Country Director in Sri Lanka, Chen Chen, assumed office in Colombo Monday. “I am honored to assume …
Mobitel introduces latest Apple iPad 2 and watch
As the authorized reseller for apple devices ranging from iPhones, iPads, Apple watches, Mobitel is introducing the next generation Apple iPads and Apple Watch …
For Sec Aryasinha meets Human Rights Council President in Geneva
Feb 24, 2020 (LBO) - Ahead of the upcoming 43rd Session of the Human Rights Council (HRC) scheduled to commence next Monday (24 February), Foreign Secretary …
Safer roads to add over USD1 Tn to South Asian economies
South Asia’s eastern subregion, comprising Bangladesh, Bhutan, India, and Nepal, needs to invest an estimated extra $118 billion in road safety over the next …
DFCC records Rs.2.8Bn PAT in 2019
DFCC Bank, the largest entity within the group recorded a profit after tax (PAT) of Rs 2,828 million for the year ended December 31, 2019 excluding the fair …
NDBIB wraps up 2019 with Rs.62Bn in Capital raisings
Feb 20, 2020 (LBO) - NDB Investment Bank (NDBIB) continued to execute milestone transactions in 2019, reiterating its position as the unrivalled leader in …
Ceylinco Life closes 2019 with PBT Rs.8.2Bn, Revenue of Rs.32.1Bn
Feb 19, 2020 (LBO) - Ceylinco Life has ended 2019 on a characteristically strong note, with consolidated income of 32.1 billion rupees for the 12 months ending …
John Keells Properties partners with Union Assurance to provide life cover for TRI-ZEN customers
John Keells Properties signed a partnership agreement with Union Assurance -one of the country’s leading life insurance providers for corporates and …
Aster residencies opens doors in Nugegoda
Aster Residencies (Pvt) Ltd completed construction of its flagship residential project, handing over brand new apartments to residents, many of whom are …
Sri Lanka raids and finds substandard lubricants products worth Rs. 2.5Mn
Feb 19, 2020 (LBO) - Sri Lanka carried -out an Island-wide raid on substandard and unauthorised lubricants products as the Consumer Affairs Authority (CAA) …
Sri Lanka trade deficit widens in Dec 2019
Feb 18, 2020 (LBO) - The deficit in the trade account widened in December 2019 to US dollars 784 million, from US dollars 701 million in December 2018, led by …
Sri Lanka vehicle registrations rebounds in Jan 2020
Feb 18, 2020 (LBO) - Sri Lanka's total car registrations recorded 2,536 units in January up from 2,057 units in Dec but down from 3,147 units 12 months ago, a …
HNB Finance IPO oversubscribed on opening day
Feb 17, 2020 (LBO) - HNB Finance Limited’s initial public offering through an offer for sale of 10 million ordinary voting shares at 5.70 rupees per share …
Singer Group Q3 FY 2019/20 records strong results
Reflecting a strong turnaround delivering an impressive surge in Q3 profits for the year 2019/20, the Singer Group reported consolidated profit after tax of …
President advises to conclude surveying of land units
Feb 12, 2020 (LBO) - President Gotabaya Rajapaksa advised to expedite the surveying of the land units during a discussion at the Presidential Secretariat …
HNB Finance first IPO since January 2018
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The …
ICRA : Recent developments in power sec credit positive for mini-hydros
ICRA Lanka views recent developments in the hydro power sector to be credit positive. We based our assessment on three factors, (1) availability of sufficient …
Land an investment tool: Creates greater appeal for affluent
Land has been a commodity that has been looked upon as an investment for generations. The general understanding is to obtain land for housing or commercial …
Opinion: Measuring poverty within Sri Lanka’s new reality as upper-middle-income country
Wimal Nanayakkara Sri Lanka achieved ‘Upper Middle Income Country’ (UMIC) status in July 2019, as the country’s Gross National Income (GNI) increased …