Lanka Business Online – Sri Lanka business and economy news as it breaks

Top Stories

Advocata supports recommendations from experts on restructuring of SriLankan

May 24, 2019 (LBO) – During the ten year period when the management of SriLankan Airlines was under Emirates, the airline enjoyed a decade of …

May 24, 2019

Hayleys revenue up 34-pct YoY to Rs.219Bn in FY 18/19

May 22, 2019 (LBO) – Sri Lanka’s Hayleys PLC, group revenue expanded by 34 percent yoy to 219 billion rupees while operating profit before interest …

May 22, 2019

Sri Lanka arrests suspects of mob violence in the island

May 15, 2019 (LBO) – Sri Lanka’s Police continued to arrest and remand dozens of persons linked to communal attacks in several towns in the …

May 15, 2019

Comm Bank records PAT of Rs.3.2Bn in Q1 2019: Performance reflects impact of external factors

May 15, 2019 (LBO) – Sri Lanka’s Commercial Bank of Ceylon PLC has reported gross income of 35.501 billion rupees for the three months ended March …

May 15, 2019

Govt announces debt relief for tourism sector

May 08, 2019 (LBO) – Sri Lanka’s government and cabinet yesterday gave a heads up for a ‘relief package’ to strengthen the tourism industry …

May 8, 2019

SriLankan Airlines appoints a new CCO and CFO

May 07, 2019 (LBO) – SriLankan Airlines has appointed Joshua Bustos as its chief commercial officer and Shaminda Samaraweera as its chief financial …

May 7, 2019

Sri Lanka tourist arrivals decline 7.5- pct in Apr 2019 : Q1 up 2.2-pct

May 07, 2019 (LBO) – Sri Lanka’s tourist arrivals declined 7.5 percent during April 2019, latest data from the Tourisum Ministry show.

However, a …

May 7, 2019

EFL 3PL looks towards Bots and RPA to stay ahead of logistics game

May 06, 2019 (LBO) – Expolanka Freight (Pvt) Ltd. (EFL), a logistics service provider announced that it has implemented its first wave of …

May 6, 2019

Interview : How SL’s housing market is gearing to meet economic, environmental and social challenges

Apr 30, 2019 (LBO) – Sri Lanka’s Landmark Group, a real estate development company bent on challenging traditional approaches to the island’s …

April 30, 2019

Sri Lanka vehicle registrations rebound in March 2019

Apr. 29, 2019 (LBO) – Vehicle registrations rebounded on most categories in March recording a total of 35,150 units up from 29,837 units the …

April 29, 2019

Dialog will double every donation up to Rs.100Mn to help victims of 21st Apr tragedy

Apr 29, 2019 (LBO) – ‘Dialog Foundation’, a charitable trust under the aegis of Dialog Axiata PLC, invites all Sri Lankans to help victims of the …

April 29, 2019

CEB Eng Union points fingers at PUCSL and Snr. Govt officials for power crisis

Apr 04, 2019 (LBO) – The power crisis in the country is mainly due to the timely non approval of the `Least Cost Long-Term Generation Expansion …

April 4, 2019

Opinion

Opinion: The demise of Ranil Wickremesinghe is highly exaggerated

May 25 2019 (LBO) – Over five years ago, residents of Colombo were regularly treated on an almost …

May 25, 2019

Fishing For Sustainable Profits in the Northern Province

By Jekhan Aruliah

I have so often heard from well meaning cash rich Diaspora
that they can’t …

May 22, 2019

Opinion: Don’t let children’s future be ruined by getting caught up in a racial conflict

By Harsha de Silva, PhD, M.P(Minister of Economic Reform and Public Distribution)

Recovering …

May 14, 2019

HappyMarket.lk Helping Small Entrepreneurs Bust the Sales Barrier

By Jekhan Aruliah

If your objective is to make money you’d better be sure you know how to …

May 1, 2019

Opinion: One week after Sri Lanka’s Easter Sunday terror

April 28, 2019 (LBO) – A nation is in mourning. One week ago today, on Easter Sunday April 21, …

April 28, 2019

Opinion: Sri Lanka’s Easter attacks among the worst modern acts of global terror

April 23, 2019 (LBO) – Sri Lanka has been a nation that has endured many a crisis. Death toll’s in …

April 23, 2019

Opinion: Ways for Sri Lanka to fix its healthcare

By Deepika Attygalle

Today on World Health Day, we can say with confidence that Sri Lanka’s …

April 8, 2019

Ambitions are affordable for Asia & the Pacific: Executive Secretary of UN ESCAP

Op-ed by Armida Salsiah Alisjahbana

Three years of implementation of the transformative 2030 …

April 4, 2019

People

Modi wins second term

May 24, 2019 (LBO) – Indian Prime Minister Narendra Modi won a landslide victory with his party Bharatiya Janata Party (BJP) securing a larger number of seats than the 2014 election.

With final results yet to be …

May 24, 2019 | Other, Other News, People, Politics, South Asia

Only Conservatives can deliver Brexit – Nirj Deva MEP

May 22, 2019 (LBO) – The people of the United Kingdom will go to the polls on Thursday May 23rd to vote for who will be their representatives in the European Parliament. Sri Lankan born British member of the EU …

May 22, 2019 | People, Politics, World

Macquarie CEO Shemara Wikramanayake’s pay tops $ 18mn

May 12, 2019 (LBO) – Shemara Wikramanayake, CEO of global investment bank Macquarie, earned over mn in the last fiscal year. Her total annual renumeration makes her one of the highest paid executives in Australia. …

May 12, 2019 | Banking and Finance, People, World