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Mahinda Siriwardana appointed as a Deputy Governor of Central Bank
The Monetary Board, with the concurrence of the Minister of Finance, Economy and Policy Development has appointed Assistant Governor, K M Mahinda Siriwardana as a Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 12th February 2020. Mr. Siriwardana has a service of more than 28 years in the Central Bank. […]
Sri Lanka to sign MoU with India to develop Jaffna International Airport
Feb 20, 2020 (LBO) – Sri Lanka will enter into a Memorandum of Understanding (MoU) with India to develop the Jaffna International Airport. The proposal made by the Minister of Tourism and Aviation in this regard has been approved by the Cabinet. Plans are already underway to develop the airport at Palaly while regional international […]
Retired Major General Vijitha Ravipriya appointed Director-General of Customs
Feb 20, 2020 (LBO) – Prime Minister has appointed retired Major General Vijitha Ravipriya as the new Director-General of Sri Lanka Customs, the Finance Ministry said. Major General Vijitha Ravipriya held the office of the Commander Security Forces – Kilinochchi as his last appointment, prior to his retirement.
Poll: Business impact on Sri Lanka from Novel Coronavirus
By the Economic Intelligence Unit of the Ceylon Chamber of Commerce: The outbreak of the Novel Coronavirus (COVID-19) is having its toll on the global economy with many economists now expecting a larger impact than the SARS outbreak in 2002-03. The outbreak is lowering China’s GDP growth expectations in the first quarter to 4.5%, a […]
Cabinet suspends Gazette issued to establish Sainthamaruthu UC
Feb 20, 2020 (LBO) – Sri Lanka’s Cabinet of Ministers has decided to suspend the decision to establish the Sainthamaruthu Urban Council. Accordingly, the extraordinary gazette notification issued on 15 February 2020 to dissolve the Kalmunai Municipal Council in order to establish the Sainthamaruthu Urban Council has been suspended. Co-cabinet spokesman Bandula Gunawardhana said that […]
NDBIB wraps up 2019 with Rs.62Bn in Capital raisings
Feb 20, 2020 (LBO) – NDB Investment Bank (NDBIB) continued to execute milestone transactions in 2019, reiterating its position as the unrivalled leader in investment banking in the country recording approximately LKR 62.0 Bn in fund raisings. All business segments, namely, equity raisings, debt capital markets and mergers and acquisitions (M&A) witnessed heightened levels of […]
Sri Lanka’s export performance in 2019
Feb 20, 2020 (LBO) – Total exports of the country recorded US$ 16.14 Bn in 2019, which comprised of US$ 11.94 Bn Merchandise exports and USD 4.2 Bn of Service exports. The Service exports include `ICT/BPM, Construction, Financial Services and Transport Services include an estimated figure for the last quarter of the year. Export value […]
Uber Eats launches in Negombo
Uber Eats announced the launch of operations in Negombo — its third city in Sri Lanka — allowing eaters to gain access to quality food and convenient delivery at the touch of a button! The list of our partners such as global favourites Burger King, KFC and Pizza Hut, along with local restaurants such as […]
FCR upgrades ASPI target for December to 7,500 amidst added boost to economy
Feb 19, 2020 (LBO) – With the recovery in economic activity and company earnings, First Capital Research (FCR) expects an upward trend in the capital market supported by stronger market multiples. Launching the Strategy Report 2020, Head of Research at the First Capital Holdings, Dimantha Mathew said that the heavy tax cuts and the policy […]
Sri Lanka foreign reserves show signs of depletion: First Capital Research
Feb 19, 2020 (LBO) – First Capital Research expects Sri Lanka’s foreign reserves to fall to around 7 billion US dollars by June this year due to the debt repayments despite the 1 billion dollar Chinese Loan. Launching the Strategy Report 2020, Head of Research at the First Capital Holdings, Dimantha Mathew emphasized that a […]