Central Bank clarifies issues on sale of ETI Finance Ltd
Feb 12, 2019 (LBO) – Sri Lanka’s Central Bank says it has come to the notice of the Bank that some misinformation is circulating pertaining to ETI …
Industry
Fuel prices increased but no room to increase transport charges: Finance Ministry
Feb 11, 2019 (LBO) – Government today revised the fuel prices and accordingly the prices of one liter of Petrol Octane 92 and the Auto Diesel have been …
BOI signs deal with Bellevue to build tallest building outside Colombo district
Feb 11, 2019 (LBO) – Sri Lanka’s BOI has signed an agreement with Bellevue Residencies Private Limited to build a mixed development project for a 35-storey …
Hemas 3Q profits up 50-pct primarily driven by seasonal demand for Atlas
Feb 08, 2019 (LBO) – Profit attributable to the equity holders of Hemas Group has reported a 50 percent growth primarily due to the strong performance at …
UK based Flexicare sings up with BOI to manufacture disposable medical devices in Sri Lanka
Feb 08, 2019 (LBO) – Flexicare (Group) Limited, a UK manufacturer has gained BOI approvals to begin laying the foundation for its newest state of the art …
Teejay reports 9-month net profit of Rs 1.26Bn
Feb 08, 2019 (LBO) – Teejay Lanka PLC has achieved its fifth consecutive quarter of top and bottom line growth in the third quarter of 2018-19, …
Haycarb records turnover of Rs.14.3Bn for 9 months ending Dec
Feb 07, 2019 (LBO) – Sri Lankan multinational Haycarb PLC reported revenue of Rs. 14.3 billion and profit before tax of Rs. 854 million for the nine …
Central Bank requests customers to use EMV enabled cards for ATM transactions
Feb 06, 2019 (LBO) – Sri Lanka’s Central Bank requests customers to use EMV enabled payment cards for ATM transactions to strengthen the security of these …
Sri Lankan Tourism; All That Glitters Is Not Gold
Tourism in Sri Lanka was said to have reached an all-time high last year with a staggering 2.2 million tourists visiting the country. While news articles …
Commercial Bank enables online payment of Ports Authority charges
Feb 06, 2019 (LBO) – Commercial Bank of Ceylon has added the Sri Lanka Ports Authority to its online banking platform, enabling customers to pay their Ports …
Kishu Gomes appointed Chairman of Sri Lanka Tourism Development Authority
Kishu Gomes will be officially appointed as the Chairman of Sri Lanka Tourism Development Authority and Sri Lanka Tourism Promotion Bureau today, Tourism …
Opinion: Sri Lanka’s Quest for a Rules-based Indian Ocean
February 6, 2019 (LBO) – Sri Lanka’s Quest for A Rules-based Indian Ocean Dr. Ganeshan Wignaraja and Dr. Dinusha Panditaratne* The evolution of Sri …
LankaClear says their payment network has not been compromised
Feb 05, 2019 (LBO) – Operator of Sri Lanka’s national payment network, LankaClear assures the general public that their payment network, LankaPay has not …
From Toronto to Toddy, a Jaffna Entrepreneur’s Journey
By Jekhan Aruliah When it comes to investment in the North there is far more talk than there is action. A rare example of action is Suganthan Shanmuganathan. …
Fitch announce re calibration of Sri Lankan National rating scale
Feb 05, 2019 (LBO) – Fitch Ratings said today it will re-calibrate the Sri Lankan National Rating scale to reflect changes in the relative …
Google+ requests consumers to save photos & videos before shutdown
Feb 01, 2019 (LBO) – American multinational technology company Google is requesting its consumers to download and save the content shared in their personal …
Sri Lanka’s John Keells Holdings profits up 7-pct in 3Q
Jan 31, 2019 (LBO) – Profits attributable to equity holders of the diversified John Keells Holdings group rose 7 percent to 4.8 billion rupees in the …
Enterprise Sri Lanka loan scheme disburses Rs217mn to over 500 recipients
Jan 31, 2019 (LBO) – Policy Development Office of the Prime Minister’s Office says the “Thurunu Diriya” loan scheme, which was implemented to empower …
Sri Lankan ports need shift from regional transshipment to global maritime hubs
Jan 31, 2019 (LBO) – Sri Lanka Ports Authority said the final draft of the National Policy for Maritime and Logistics Sectors has been presented to the Ports …
Arjuna proposes short term solution to prevent delays at Katunayake Airport
Jan 31, 2019 (LBO) – Sri Lanka’s Transport and Civil Aviation Minister Arjuna Ranatunga has proposed a short term solution to prevent delays passengers …