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VIDEO: World welcomes New Year with low-key celebrations
From Sydney Harbour Bridge to the Acropolis, fireworks burst in skies above eerily deserted landmarks as the world ushered in the New Year with muted celebrations and said good riddance to a pandemic-ridden 2020.
ASPI recorded a growth of 10.5-pct in 2020; market turnover highest since 2011
Jan 01, 2021 (LBO) – The benchmark All Share Price Index (ASPI) of Colombo Stock Exchange (CSE) closed 2020 recording a growth of 10.5%, the highest annual increase the index has seen since 2014. The ASPI ended 2020 on 6774.22 points. Meanwhile, the S&P SL20 index, which features the CSE’s 20 largest and most liquid […]
ComBank launches Sri Lanka’s first ‘WhatsApp Banking’ facility
A simple “Hi” is all it now takes to access services at the Commercial Bank of Ceylon. Demonstrating its innovative use of new-age communications, the country’s largest private bank has pioneered a ground-breaking product on the world’s most widely-used messaging platform WhatsApp to become the first Sri Lankan bank to offer Banking Services on the […]
New Year motivates us to move towards a new meaningful height in life
Jan 01, 2021 (LBO) – The dawn of the New Year motivates us to move towards a new meaningful height in life while providing an opportunity to clearly understand the challenges we face at each passing moment, President Gotabaya Rajapaksa said in his new year message. New Year Message The dawn of the New Year […]
Sri Lanka to launch e-Land Registration programme by August
Jun 30, 2020 (LBO) – Sri Lanka’s e-Land Registration programme is expected to launch by August this year with the support of the Information & Communication Technology Agency (ICTA), President’s Media Division said. Under this programme, an e-Passbook will be issued for the lands registered under the e-Land Registration system. With the new registration programme, […]
Sarvodaya Development Finance records a profit growth of 147-pct in 2019-20
Jun 30, 2020 (LBO) – Sarvodaya Development Finance (SDF), the financial services arm of the Sarvodaya Movement, sailed through the turbulent 2019-20 financial year to report a record profit growth. The finance company, which funds the charitable and social development activities of the Sarvodaya Movement across rural Sri Lanka, recorded one of its best years […]
Fallout from Pandemic prompts an unprecedented rate cut: FCR
Jun 30, 2020 (LBO) – First Capital Research (FCR) believes that there is a higher likelihood of 90% that CBSL may provide a rate cut to ensure the continued supply of credit at a low cost of funding. The firm also believes that there is a probability of 40% for a 100bps rate cut to […]
‘s Foreign Minister gets phone call from US Secretary of State
Jun 30, 2020 (LBO) – Sri Lanka’s Foreign Relations Minister Dinesh Gunawardena and US Secretary of State Mike Pompeo has engaged in a discussion on the review report of the MCC among other matters in a telephone conversation on 29 June evening. US-Sri Lanka cooperation in COVID response-supply of PPEs to the US, donation of […]
Deliver justice to ETI & TFC depositors legally: President instructs CBSL
President Gotabaya Rajapaksa has directed the officials of the Central Bank to deliver justice to the depositors of the ETI Finance and The Finance Company PLC after seeking legal advice regarding those insolvent companies immediately. President Rajapaksa further said that a committee representing the Presidential Secretariat, the Central Bank, the Treasury, and the depositors should […]
Executive Premium, SL’s top-notch business travel partner celebrates successful first year
Executive Premium, the premier travel partner of all business travelers to and within Sri Lanka is turning One year. A strategic investment by serial investor Alex Lovell MBE, Executive Premium has earned a strong reputation as an exclusive service provider within a short span of time.A strong player in business class and city entertainment traveling, […]