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‘s Dialog Axiata inks USD 250Mn investment agreement with BoI
Feb 19, 2020 (LBO) – Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), announced the entering into of two supplementary agreements with the BOI for the investment of an additional sum of USD 254.1Mn (LKR 46.1Bn) in Sri Lanka’s ICT Infrastructure […]
Railway e-Ticketing service for pensioners goes online
Feb 19, 2020 (LBO) – Sri Lanka Railway Department on Wednesday launched an online booking system to facilitate the reservation of railway seats for pensioners with railway warrants. In the past, the department has been doing this on the recommendation of the Grama Niladhari of the area and the approval of the Divisional Secretary. Due […]
Ceylinco Life closes 2019 with PBT Rs.8.2Bn, Revenue of Rs.32.1Bn
Feb 19, 2020 (LBO) – Ceylinco Life has ended 2019 on a characteristically strong note, with consolidated income of 32.1 billion rupees for the 12 months ending 31st December 2019, reflecting top line growth of 9.9 percent. The life insurance frontrunner has reported gross written premium income of Rs 18.7 billion, an increase of Rs […]
SEC commences series of meetings with capital market stakeholders
Feb 19, 2020 (LBO) – Securities and Exchange Commission of Sri Lanka has commenced a series of meetings with capital market stakeholders to discuss issues in general and to obtain views with regard to the prevalent regulatory framework and the development of the capital market of the country. The newly appointed Chairman of the Securities […]
John Keells Properties partners with Union Assurance to provide life cover for TRI-ZEN customers
John Keells Properties signed a partnership agreement with Union Assurance –one of the country’s leading life insurance providers for corporates and individuals- to provide a comprehensive life insurance solution for TRI-ZEN customers. As part of this strategic alliance, TRI-ZEN customers will be offered a life insurance cover for LKR 7 Million, where the insurance premium […]
Aster residencies opens doors in Nugegoda
Aster Residencies (Pvt) Ltd completed construction of its flagship residential project, handing over brand new apartments to residents, many of whom are first-time homeowners. The complex has been designed to offer true affordability and trusted quality for people seeking upscale apartment living, consisting of modern amenities and high-quality finishes, coupled with quick access to Colombo […]
Sri Lanka raids and finds substandard lubricants products worth Rs. 2.5Mn
Feb 19, 2020 (LBO) – Sri Lanka carried -out an Island-wide raid on substandard and unauthorised lubricants products as the Consumer Affairs Authority (CAA) decided to investigate the importation, production, distribution and sale of lubricants and related products in Sri Lanka due to increase number of consumer complaints on low-quality lubricants in the market. Accordingly, […]
Mobitel powers Sri Lanka’s largest PUBG Mobile league tournament
With a pledge to build the eSports category, Mobitel, the premier connectivity provider in partnership with Gamer.LK has come forward to power Sri Lanka’s largest Mobile league tournament. PUBG Mobile is a third-person combat game known to be one of the most popular mobile games played in South Asia with millions of youth connecting online […]
‘s corporate clients with new digital FX platform
Feb 18, 2020 (LBO) – Deutsche Bank today announced it is investing in Sri Lanka and launching a major push into the corporate client market, with the rollout of a new digitally-enhanced foreign exchange (FX) platform. The rollout marks the bank’s first step in introducing a comprehensive suite of digital FX solutions for our corporate […]
Sri Lanka trade deficit widens in Dec 2019
Feb 18, 2020 (LBO) – The deficit in the trade account widened in December 2019 to US dollars 784 million, from US dollars 701 million in December 2018, led by a decline in exports and a growth in imports on a year-on-year basis, the monthly external report said. However, on a cumulative basis, the trade […]