New coin series to be issued into circulation from next week
Nov 28, 2018 (LBO) – Central Bank of Sri Lanka issued a new series of circulation coins with face values of Rs.10, Rs.5, Rs.2 and Rs.1 with objectives of …
Economy & Markets
Ceylinco Life appoints eminent banker Jegan Durairatnam to its Board
Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of career banker Jegan Durairatnam to its Board as an Independent Non-Executive …
Fin Min rebuts social media reports on alleged illegal instruction to Customs
Nov 27, 2018 (LBO) - The Finance Ministry issuing a statement denied any illegal instruction given by the Minister of Finance to the Sri Lanka Customs to …
Multi-Lingual Websites – What’s in it for your business?
We live in a time where borders and concepts of division are viewed in a negative light and inclusivity, diversity and acceptance are becoming more and more …
SEC hosts APEC FRTI Regional Seminar on Enforcement and Litigation
The Securities and Exchange Commission of Sri Lanka (SEC) hosted a five day Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative …
Sri Lanka’s Hela Clothing secures private capital infusion of Rs.1.2Bn
Nov 27, 2018 (LBO) - Hela Clothing Group, an apparel manufacturer has secured a capital infusion of 1. online pharmacy buy strattera with best prices today …
Entrepreneurs in Jaffna? Take a look in Ammachi!
By Jekhan Aruliah Soon after I moved to Jaffna in 2015 I heard rumours of this fantastic food court run by war widows. Friends driving North from Colombo said …
Mahinda reiterates need of general election and calls for public support
Nov 26, 2018 (LBO) - Mahinda Rajapaksa says there is no need to hold a presidential election at this stage but only a general election. In a special …
Sri Lanka rupee hits new low of Rs.180: Stocks down 0.34-pct
Nov 23, 2018 (LBO) - The Sri Lanka rupee dropped to a low of 180.66 against the US dollar following a political crisis, which began a month earlier in the …
Sri Lanka NCPI down 0.1-ct in Oct 2018
Nov 23, 2018 (LBO) - The National Consumer Price Index (NCPI) , for the month of October 2018, has declined to 0.1 percent from 0.9 percent in September …
Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) - The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, a …
Sri Lanka assures lenders that debt payments will be met on due dates
Nov 21, 2018 (LBO) – Sri Lanka's government said it wishes to assure all lenders that all dues will be met on the due dates as has been the time-honored …
Sri Lanka’s Central Bank says Moody’s latest rating decision is unfounded
Nov 21, 2018 (LBO) – Sri Lanka's Central Bank on Wednesday said that it is of the view that the decision by Moody's to downgrade Sri Lanka's foreign currency …
Sri Lanka’s political crisis puts IMF loan negotiations on hold
Nov 21, 2018 (LBO) - The International Monetary Fund (IMF) loan facility to Sri Lanka, approved in mid-2016, has been put on hold due to the islands …
Sri Lanka is on the brink of economic anarchy and chaos: Mangala
Nov 20, 2018 (LBO) – Sri Lanka's former Finance Minister Mangala Samaraweera says that Sri Lanka is on the brink of economic anarchy and chaos as never …
Moody’s downgrades Sri Lanka ratings to B2 amid political crisis
Nov 20, 2018 (LBO) – Moody's Investors Service has downgraded the Government of Sri Lanka's foreign currency issuer and senior unsecured ratings to B2 from …
Prosperity Index show gains in North Western, Sabaragamuwa, Southern and Western provinces
Nov 19, 2018 (LBO) - Sri Lanka Prosperity Index (SLPI), increased to 0.771 in 2017 from 0.661 recorded in 2016, mainly due to improvements in ‘Economy and …
Norway provides USD 3.5 mn for local empowerment through ILO
Nov 16, 2018 (LBO) – Norway extended to support up to 30 million NOK (3.5 million USD) to expand the ongoing project on “Local Empowerment through Economic …
Fitch Affirms Sunshine Holdings at ‘A-(lka)’; Outlook Stable
Nov 16, 2018 (LBO) - Sri Lanka-based Sunshine Holdings PLC's National Long-Term Rating has been affirmed at 'A-(lka)' with a stable outlook, Fitch Ratings …
Ceylinco Life appoints new Chairman and MD
Nov 16, 2018 (LBO) - Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of R. Renganathan, the Company’s managing director/CEO, …