China’s Chengdu delegation meets BOI Chairman, Eyes steel plant in Hambantota
mar 26, 2019 (LBO) - A delegation from Chengdu Association for Foreign Trade and Cooperation (CAFTEC) Chengdu, China visited the Board Of Investment and …
Opening of a counter to issue coins to general public
Mar 26, 2019 (LBO) - The Central Bank of Sri Lanka will open a counter at the ground floor of the Central Bank head office building, No.30, Janadhipathi …
USD3.85Bn oil refinery, cement plant projects launched in Sri Lanka’s Hambantota
Mar 25, 2019 (LBO) - Inaugurating the construction work of the US 3.85 billion dollar oil refinery project and the cement manufacturing plant in …
Ceylon Chamber of Commerce celebrating 180 years serving the business community
Mar 25, 2019 (LBO) - The Ceylon Chamber of Commerce (CCC) was founded on 25 March 1893, for the purpose of best promoting the interests of commerce. This was …
Australia and Sri Lanka deepen cooperation on Indian Ocean maritime security
Mar 25, 2019 (LBO) - Australia and Sri Lanka’s cooperation on shared maritime security interests in the Indian Ocean is set to rise to a new level with Indo …
BOI clarifies news report regarding oil refinery project in Hambantota
Mar 22, 2019 (LBO) - Issuing a statement the Board of Investment of Sri Lanka said they are aware that there is no agreement signed between Oman’s Ministry …
Sri Lanka to discuss draft national policy on LNG
Mar 22, 2019 (LBO) - The Ministry of Highways and Road Development together with Petroleum Resources Development has developed the draft national policy on …
Commercial Bank wins 19th global finance ‘Best Bank in Sri Lanka’ award
(PRESS RELEASE) The Commercial Bank of Ceylon has been adjudged Sri Lanka’s Best Bank in 2019 by the USA-based Global Finance magazine, giving the Bank its …
Concessional loan of USD 989Mn from China’s EXIM Bank for Central Expressway
Mar 22, 2019 (LBO) - The Export- Import Bank of China (EXIM Bank) has agreed to provide a concessional loan amounting to US 989 million dollars covering 85 …
Sri Lankan Banks manage capital impact of SLFRS 9
Mar 22, 2019 (LBO) - Sri Lankan banks have been able to manage the capital impact of first-time adoption of SLFRS 9 accounting standards, in line with our …
“Open, free, secure and resilient cyberspace vital for development and democracy” British HC to SL
Mar 22, 2019 (LBO) - At the launch of the “Cyber Resilience for Development” project, British High Commissioner to Sri Lanka James Dauris noted the …
Dispute avoidance in construction contracts a must in developing countries
Mar 22, 2019 (LBO) - Standing dispute adjudication boards in construction projects should seriously practice their role in dispute avoidance in …
Sri Lanka’s NBFIs pressured by weak economic growth and vehicle sales
Mar 21, 2019 (LBO) - Fitch Ratings expects Sri Lankan non-banking financial institutions (NBFI) to continue to face pressure on asset quality and profitability …
Sri Lanka GDP grows 3.2-pct in 2018
Mar 21, 2019 (LBO) - The Department of Census and Statistics (DCS) releasing the estimated Gross Domestic Product (GDP) data said the islands economic growth …
PUCSL proposes standards and regulatory system for water fittings
Mar 19, 2019 (LBO) - Public Utilities Commission of Sri Lanka (PUCSL) with corporation of other institutions has drafted the standards and regulatory measures …
Kabul calls for first direct air corridor, investment pact to revive Sri Lanka trade
Mar 19, 2019 (LBO) - Afghanistan has called to open a direct air corridor with Sri Lanka by 25th March in a effort to push an Investment Protection and …
Opinion: Evolving trends in banking that enhances customer experience
Mar 19, 2019 (LBO) - Envisioning the future of banking convenience Seylan Bank’s Deputy General Manager- Retail Banking, Tilan Wijeyesekera discusses the …
World Bank approves USD70Mn to improve local services in rural Sri Lanka
Mar 19, 2019 (LBO) - The World Bank approved a US 70 million dollar credit to improve the quality of life of around one million people living in Northern, …
Sri Lanka rupee gains: Stocks marginally down
Mar 19, 2019 (LBO) - The Sri Lanka rupee ended firmer at 178.25/40 to the US dollar Monday compared to Friday’s close of 178.40/55 while shares were little …
Are we doing enough to increase political participation of women and youth in Sri Lanka?
Mar 19, 2019 (LBO) - The political participation of women and youth is an important subject that came to the fore during the previous election. According to …