Sri Lanka tea exports up in April 2018, Low grown production down
May 24, 2018 (LBO) - Sri Lanka's tea exports for the month of April 2018 showed a gain of 0.7M/kgs when compared with the same period last year while bulk tea …
Cabinet nod for bonded warehouses
May 24, 2018 (LBO) - Sri Lanka's cabinet of Ministers have approved the establishment of bonded warehouses for pharmaceuticals, dairy products, solid waste …
Sri Lanka approves BOT system for state buildings
May 24, 2018 (LBO) - The cabinet has approved to construct public buildings under the Build, Own and Transfer (BOT) system by the private sector, a statement …
Sri Lanka launches new budget Tuk Tuk Hostels
The launch of Tuk Tuk Hostels (TTH) marks a new addition to the budget accommodation offering for tourists in Colombo and embraces the youth hostel concept to …
Kishu Gomes steps down as CEO of Chevron in Sri Lanka
May 23, 2018 (LBO) - Chevron Lubricants Lanka said that Kishu Gomes will be stepping down as Managing Director and Chief Executive Officer of the company …
Sri Lanka Central Bank clarifies on external debt and reserves
May 23, 2018 (LBO) - Sri Lanka's Central bank issuing a statement has clarified a misleading news item has been disseminated in relation to Sri Lanka’s …
CEB strengthens Maintenance Management Process with ACECAM
Ceylon Electricity Board (CEB) is the leading state-owned organization in using Computerized Maintenance Management Solution(CMMS) for utility management in …
Sri Lanka’s Teejay Lanka doubles capacity of India plant with USD15Mn expansion
May 21, 2018 (LBO) - Teejay Lanka, a textile manufacturer said they will be doubling of capacity of its Indian mill, following the completion of an expansion …
ADB, Sri Lanka sign USD210Mn loan for Mahaweli water security investment program
May 18, 2018 (LBO) - The Asian Development Bank (ADB) and the Government of Sri Lanka signed a US 210 million dollar second tranche loan agreement for the …
Janashakthi life business reports Gross Written Premium of Rs.764Mn , YoY growth 8-pct
Janashakthi Insurance PLC (Janashakthi) reported its financial results for the three month period ended 31st March 2018. Janashakthi had divested its …
Nations Trust Bank – Realizing Dreams
The Nations Trust story began more than 18 years ago when a small new bank full of determination,entered a field dominated by titans with a dream to carve out …
Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing
May 18, 2018 (LBO) - Sri Lanka's liquid petroleum gas (LPG) prices should be adjusted using a pricing mechanism that is transparent, impartial and …
Virtusa Corp reported a Q4 2018 revenue of 281.3 million, Up 6.6-pct
(PRESS RELEASE) Fourth quarter fiscal 2018 revenue of $281.3 million, increased 6.6% sequentially and 24.5% year-over-year, inclusive of $5.7 million from …
LKR depreciation unwarranted; Reserves to reach US$ 11Bn by June 2018 :CB
May 17, 2018 (LBO) - The Central Bank of Sri Lanka says the underlying fundamentals do not warrant the current pressure on the Sri Lanka rupee. The rupee …
Simplicity in Business Management is here with the lightest Business App
(PRESS RELEASE) - thinkCube Systems (Pvt) Ltd, the pioneering cloud application builder, has yet again introduced an innovative product to serve the Start-up, …
Cabinet nod for new committee to prevent money laundering and terrorism financing
May 16, 2018 (LBO) - Sri Lanka's cabinet of Ministers has approved to widen the composition of National Coordinating Committee for preventing money laundering …
Sri Lanka’s Comm Bank reports PBT of Rs.6.3Bn, up 21-pct
May 15, 2018 (LBO) - Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of 7.677 billion rupees and profit before tax of 6.337 billion …
HNB Group records Rs7.2Bn PBT in Q1
May 15, 2018 (LBO) - Sri Lanka's Hatton National Bank reported a first quarter profit after tax growth of 22.5 percent to 4.5 billion rupees, while the Group …
Sri Lankan and U.S. doctors pioneer first robot-assisted surgery Onboard USNS Mercy
May 14, 2018 (LBO) - U.S. and Sri Lankan surgeons conducted the first ever robot-assisted surgery aboard the USNS Mercy on May 4. The joint team of …
Mastercard and SLTPB invite Indian travellers to discover the best of Sri Lanka
Discounts on Flights, Hotel Stays and Shoppingset to give Indians more reasons to visit Sri Lanka Mastercard and the Sri Lanka Tourism Promotions Bureau …