Chitranjali Dissanayake appointed Director General of Export Development Board
Aug 08, 2020 (LBO) – Chitranjali Dissanayake has been appointed as the Director General of Sri Lanka Export Development Board (EDB) with effect from 4 August …
Pakistan PM congratulates PM of Sri Lanka on his party’s electoral victory
Prime Minister Imran Khan made a telephone call to the Prime Minister of Sri Lanka, Mahinda Rajapaksa, to congratulate him on his party’s resounding victory …
Sri Lanka gross official reserves rebound to USD 7.1bn in July
Aug 07, 2020 (LBO) – Sri Lanka’s gross official reserves have improved to 7,102.0 million US dollars by the end of July from 6,693.2 million dollars in …
Are caveat notices strangling the condominium industry in Sri Lanka?
Kapila Gamage Attorney-at-Law and Condominium Consultant The condominium developers of Sri Lanka are being terrorized by a new kind of threat that is …
Global growth forecast on track after latest GDP data: Fitch Ratings
Fitch Ratings’ outlook for global GDP in aggregate remains on track with its June Global Economic Outlook (GEO) forecast after the recent bout of …
We look forward to partnering with government & new parliament: United States
Aug 07, 2020 (LBO) – The United States congratulates Sri Lanka on conducting the elections in a peaceful and orderly manner despite the challenges posed by …
Sri Lanka ruling alliance secures two-thirds majority in Parliamentary Elections
Aug 07, 2020 (LBO) – Sri Lanka’s ruling alliance has secured a two-thirds majority in the parliamentary elections 2020. In a twitter message, President …
Sri Lanka has the potential to serve as a Sustainable Finance Hub for South Asia
Sri Lanka Banks’ Association’s Sustainable Banking Initiative and the International Network of Financial Centres for Sustainability (FC4S ) jointly hosted …
Court refuses injunction sought by LRI to prevent allocation of land to foreign investor
Aug 06, 2020 (LBO) – The District Court of Colombo made Order refusing an Injunction sought by Lanka Realty Investment (formerly Ascot Holdings PLC) in …
Sri Lanka’s GDP contracts by 1.6% in 1Q 2020
Aug 06, 2020 (LBO) – Sri Lanka’s GDP growth rate for the first quarter of 2020 has been estimated as 1.6 percent of negative growth rate, when …
Fitch affirms Commercial Bank of Ceylon at ‘AA+(lka)’; Outlook negative
Aug 06, 2020 (LBO) – Fitch Ratings Lanka has affirmed Commercial Bank of Ceylon PLC’s (CB) National Long-Term Rating at ‘AA+(lka)’. The …
Revitalizing bilateral trade and investment between Sri Lanka and Germany
Aug 06, 2020 (LBO) – The Consulate General of Sri Lanka in Frankfurt am Main organised a Business Forum on 31 July 2020 on the occasion of the visit of …
Opinion: The Radical Center; An Agenda for True Patriots
By Mangala Samaraweera: Sri Lanka today is facing an unprecedented political, economic and social crisis; as a nation we are gazing into the abyss at the edge …
New Parliament meets on August 20th
Aug 04, 2020 (LBO) – President Gotabaya Rajapaksa has summoned the new Parliament to meet on 20th August, 2020 following the General Election on August …
Global software company WSO2 turns 15 today
Aug 04, 2020 (LBO) – WSO2, a software company that began in Sri Lanka in 2005, marks 15 years of business operations today. Starting with just 10 employees, …
Ericsson appoints David Hägerbro as Head of Ericsson Sri Lanka, Malaysia & Bangladesh
Aug 03, 2020 (LBO) – Ericsson today announced the appointment of David Hägerbro as Head of Ericsson Sri Lanka, Malaysia & Bangladesh and Global Customer …
SEC introduces a Framework for Real Estate Investment Trusts (REITs)
In Sri Lanka, owing to spiraling property prices it is a challenge for average citizens to finance real estate investments. Therefore, a significant proportion …
CCPI based inflation increased to 4.2-pct in July
Aug 01, 2020 (LBO) – Headline inflation as measured by the year-on-year change in the Colombo Consumer Price Index increased to 4.2 percent in July from 3.9 …
Japan donates 388MT of canned fish to Sri Lanka to meet protein needs of school children
Jul 31, 2020 (LBO) – The Government of Japan has donated a large shipment of canned fish, weighing 388 MT and worth JPY 300 million (LKR 519 million), to the …
Central Bank denies media reports on macroeconomic projection updates
Jul 31, 2020 (LBO) – Sri Lanka’s Central Bank on Friday categorically stated that media reports about the CBSL projecting a sizable contraction in GDP …