IMF revises up China’s growth, flags debt problems
Aug 18, 2017 (LBO) – The IMF has revised China’s growth outlook to average 6.4 percent between 2017 and 2021, up from 6.0 percent last year, but has …
Sri Lanka cuts taxes on telecom data, small trucks and motorcycles: Finance Minister
Aug 16, 2017 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera announced a 10 percent tax cut on telecom data and small vehicles like …
Clear vision and unity key for Sri Lanka’s family businesses
Aug 17, 2017 (LBO) – Sri Lanka’s family business continuity will depend on their ability to have a clear vision and retaining family unity, …
Branson joins voices urging caution against automation
Aug 17, 2017 (LBO) – Billionaire Richard Branson has joined the growing number of voices urging caution against rapid uptake of AI and automation that …
Softlogic Holdings records Rs15.2 bln revenue in 1Q, +6.2 pct
Aug 17, 2017 (LBO) – Softlogic Holdings recorded a revenue growth of 6.2% posting Rs15.2 bn in the first quarter this year, from Rs14.3 bn in the same …
Janashakthi records 11-pct GWP growth in first six months
Aug 17, 2017 (LBO) – Janashakthi Insurance PLC (Janashakthi) registered consolidated Gross Written Premium (GWP) of Rs. 7.22 billion for the six months …
Govt approves further amendments to plantation estate act
Aug 16, 2017 (LBO) – Sri Lanka’s cabinet of ministers has approved to further amend the tea, rubber and coconut estates (Control of fragmentation) …
Opinion: Engage, Not Sell – Embracing the Millennial Consumer
By Madu Ratnayake ‘Millennials’,the generation born from the early 1980s to the early 2000s, are driving a major paradigm shift in the business-consumer …
Concessionary period to pay annual luxury tax for new vehicles
Aug 16, 2017 (LBO) – Sri Lanka’s Transport Ministry is to declare a three month concessionary period from September to November for payment of arrears on …
Thimal Perera appointed as new Deputy CEO of DFCC Bank
DFCC Bank PLC announced the appointment of Thimal Perera as the Bank’s new Deputy CEO, with effect from 16 August 2017. Thimal Perera has more than two …
Mobitel unveils next tech revolution with ‘X Station’
Mobitel, the National Mobile Service Provider, proves yet again its credentials as the unrivaled leader of the country’s digital revolution by unveiling ‘X …
Colombo among biggest improvers during five years: Global Liveability Report
Aug 16, 2017 (LBO) – Sri Lanka’s main commercial city Colombo is among the five biggest improvers during the last five years in terms of liveability, …
Central Bank seeks clarity on National Payment Platform
Aug 16, 2017 (LBO) – Sri Lanka’s Central Bank says they are still awaiting a response regarding concerns raised regarding the National Payment …
Fitch Upgrades Sri Lanka Insurance Corp’s National Ratings
(PRESS RELEASE) – Fitch Ratings has upgraded Sri Lanka Insurance Corporation Limited’s (SLIC) National Insurer Financial Strength (IFS) rating and …
Ceylinco Life’s 6-month PBT up 64-pct to Rs1.6Bnl
(PRESS RELEASE) – Ceylinco Life has posted profit before tax of Rs 1.628 billion for the six months ending 30th June 2017, recording noteworthy growth of …
Five trends that will shape commercial real estate in future
The first half of 2017 has already held some surprises that will impact commercial real estate. Lamudi—the global real estate platform—picks out five …
Tilak Marapana sworn in as Sri Lanka’s new Foreign Minister
Aug 15, 2017 (LBO) – Sri Lanka’s Development Assignments Minister Tilak Marapana on Tuesday was sworn in as the new Foreign Affairs Minister before the …
Hambantota Port PPP, important step towards maritime hub: CCC
Aug 15, 2017 (LBO) – Ceylon Chamber of Commerce says it appreciates the steps taken to develop the Hambantota Port as a Public Private Partnership (PPP) as …
CB suspends Pan Asia Bank primary dealership for 6 months
Aug 15, 2017 (LBO) – Sri Lanka’s Central Bank has suspended business activities of the primary dealer of Pan Asia Banking Corporation (PABC) for a period …
Sri Lanka’s HNB offers 4.4 mnl shares to investors
Aug 15, 2017 (LBO) – Sri Lanka’s Hatton National Bank said it was offering 4.4 million shares, which were under subscribed earlier to potential …