Teejay Lanka profit after tax grows by 27-pct to Rs.279.3Mn
Capacity expansion in India and an increased order book from the US and EU have enabled Teejay Lanka PLC, Sri Lanka’s only multinational textile …
Opinion : Financial reporting and the impact on capital market development
By Nandika Buddhipala Introduction The origination of financial reporting can be closely connected to the requirement to collect and record data which evolved …
USD 100Mn World Bank aid to modernize the education system in Sri Lanka
Jul 25, 2018 (LBO) - Sri Lanka signed a US 100 million dollas credit agreement with the World Bank to support Sri Lanka’s efforts to strengthen and …
USD25.6 million contribution from Wathupitiwela EPZ to export earnings
Jul 25, 2018 (LBO) - The BOI’s Wathupitiwela Export Processing Zone (WEPZ) has contributed US 25,599,216.25 dollars (US$ 25.6 Mn) in export revenue as at end …
Cabinet nod for Govt. to write off microfinance debt
Jul 25, 2018 (LBO) - Sri Lanka's government approved a Cabinet paper to write off non-consumption loans up to 100,000 rupees given to women by all …
Fitch maintains negative watch rating on Sri Lanka’s HDFC Bank
Jul 24, 2018 (LBO) - Fitch Ratings has maintained Housing Development Finance Corporation Bank of Sri Lanka's (HDFC Bank) National Long-Term Rating of …
Sri Lanka June inflation marginally up at 2.5-pct
Jul 24, 2018 (LBO) - Sri Lanka’s National Consumer Price Index (NCPI) for the month of June 2018 was up at 2.5 percent in June 2018 from a year ago, data …
EGUARDIAN brings Fortinet’s third generation of network security toSri Lanka
(PRESS RELEASE) - EGUARDIAN Lanka, Sri Lanka’s leading value added IT distributor, recently held a knowledge sharing forum for their customers on …
Sri Lanka to launch electric three wheelers by 2020
Jul 24, 2018 (LBO) - Sri Lanka together with Japan Sri Lanka Comprehensive Partnership secretariat and T-PLAN has built an electric three-wheeler. "I am …
Sri Lanka announces biggest youtube meetup of the year with “YouTube Open Mic”
YouTube Open Mic Night is the first of its kind in Sri Lanka, and an event to bring together the country’s leading YouTube Celebrities, Brand Ambassadors, …
Sri Lanka – UNWFP join hands to improve nutrition and food security
Jul 23, 2018 (LBO) - The UN World Food Programme (WFP) and the government of Sri Lanka have signed a Letter of Understanding (LOU) on its next phase of …
LAUGFS IT triumphs at BestWeb.lk 2018
LAUGFS IT successfully clinched multiple awards for the fourth year at the recently concluded “BestWeb.lk 2018” competition. The LAUGFS Holdings corporate …
Janashakthi Life’s high-flyers qualify for million dollar round table
Janashakthi Insurance PLC announced that 14 members from its Sales team had qualified for the prestigious Million Dollar Round Table (MDRT) membership in 2018. …
Fitch rates Singer Sri Lanka’s proposed debenture ‘A- (lka)(EXP)’
Jul 20, 2018 (LBO) - Fitch Ratings has assigned Singer (Sri Lanka) PLC's (A- (lka)/Stable) proposed senior unsecured redeemable debenture issue of up to …
National Export Strategy: Sri Lanka targets USD28Bn in exports by 2022
Jul 20, 2018 (LBO) - Sri Lanka's government unveiling the ‘National Export Strategy (2018-2022)’ in Colombo yesterday said it plans to increase the …
Prof. Niranjanie Ratnayake to deliver Viska Vidyalaya’s Pulimood Memorial Oration
July 20, 2018 (LBO) - Visakha Vidyalaya will hold its annual Susan George Pulimood Memorial Oration on the 23rd July to commemorate the birthday of Mrs. …
Anantaya Resorts and Spas receive TripAdvisor certificates of excellence 2018
Reaffirming its efforts toprovide an exceptional guest experience, Anantaya Resorts and Spas recently received the ‘Certificate of Excellence 2018’ from …
AMCHAM presents insights on FDI and U.S. investor perspectives in Sri Lanka
Jul 18, 2018 (LBO) - In order to facilitate continued investment within Sri Lanka it is important to have clarity on the FDI landscape, and identify potential …
Global businesses turn to Oracle blockchain service to speed transactions securely
Arab Jordan Investment Bank, CargoSmart, and Intelipost are among early adopters of enterprise-class distributed ledger service July 16, 2018 (media …
Virtusa’s Kris Canekeratne selected as EY Entrepreneur of the year 2018
Jul 18, 2018 (LBO) - Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services announced …