Ministry of Technology comes under President’s purview
Nov 26, 2020 (LBO) – In accordance with the revision of subjects under Ministries on November 20th, Ministries of Defence and the Technology have been bought …
Lotus Tower shines bright in orange to shed light on gender-based violence
Every year, iconic buildings around the world are illuminated in orange during the ‘16 Days of Activism Against Gender-based Violence’, a global …
Asia Securities wealth management launches new money market fund
Asia Securities Wealth Management (Pvt) Ltd., the investment management arm of Asia Securities, launched the Asia Securities Money Market Fund today. Regulated …
Sri Lanka Govt and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $165 million loan agreement to provide immediate financing support for small …
New Cabinet Minister & State Minister sworn in
Nov 26, 2020 (LBO) – A new Cabinet Minister and a State Minister were sworn in before President Gotabaya Rajapaksa at the Presidential Secretariat, today …
Central Bank introduces maximum interest rate on mortgage-backed housing loans
Nov 26, 2020 (LBO) – Complementing the concessional loans schemes proposed by the Government in the Budget 2021, the Monetary Board of the Central Bank has …
Addressing poverty: Towards empowered Sri Lankan households
2020 has been a profoundly challenging year for Sri Lanka and the world at large with the COVID-19 pandemic causing an unprecedented crisis, so much so that …
Mastercard index of women entrepreneurs: COVID-19 could set-back a generation of women in business
Women across the world have been disproportionally impacted by the COVID-19 pandemic – a staggering 87% of women business owners say they have been adversely …
ComBank adds QR code to Credit Card statements
The Commercial Bank of Ceylon has become the first bank in Sri Lanka to enable its credit card holders to conveniently and instantly settle their credit card …
Sri Lanka and China discuss consolidating bilateral relations
Foreign Secretary Admiral Prof. Jayanath Colombage together with Vice Minister of the Ministry of Foreign Affairs of China, Luo Zhaohui,chaired the …
Emirates offers expanded, multi-risk travel insurance coverage
Emirates customers can now plan their travels and fly with even greater assurance and peace of mind, with the airline’s latest industry-first initiative to …
Facebook launches #BeDiscovered campaign in Sri Lanka to empower & inspire local businesses
As part of Facebook’s efforts to empower local small and medium-sized businesses (SMBs), Facebook launches the #BeDiscovered campaign in Sri Lanka and …
Sovereign bond opportunity is “too good to miss” says new Chair of Ceylon Asset Management
The new Chairman of Ceylon Asset Management (CAM), Mr. Malaka Bandara highlighted “this is a rare opportunity to invest in SL Sovereign Bonds at discounted …
ADB to help SL small and medium-sized enterprises recover from COVID-19
The Asian Development Bank (ADB) has approved a $165 million loan to Sri Lanka to provide immediate financing support for small and medium-enterprises (SMEs), …
MAGA constructs Manning Market complex in Peliyagoda
The new Manning Market Complex in Peliyagoda was inaugurated on 20 November 2020 by the Prime Minister Mahinda Rajapaksa. The complex houses 1192 shops and is …
Antibiotic resistance: SLCPI calls for responsible antibiotics prescription, use
The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) reiterated its commitment towards raising awareness on ethical marketing, prescribing and use of …
CBSL to hold policy rates steady, vow to retain market rates stable: First Capital Research
Nov 24, 2020 (LBO) – First Capital Research believes that CBSL will maintain the same policy stance in this monetary policy review, but given the concerns …
Sri Lankan banks’ ratings unaffected by proposed FLC mergers: Fitch Ratings
Nov 23, 2020 (LBO) – The mergers of Sri Lankan finance and leasing company (FLC) subsidiaries with their parent banks will not have an immediate impact on …
Rigid Tyre plant to commence operations in mid-January boosting Sri Lankan exports
Rigid Tyre Corporation (Pvt) Ltd built with an investment of USD 250 million is slated for opening in mid-January 2021. The state-of-the-art, fully-integrated …
Budget highlights ongoing fiscal challenges; unlikely to significantly boost growth
Nov 23, 2020 (LBO) – Moody’s Investors Service does not expect Sri Lanka’s 2021 budget to provide a meaningful boost to output, while increased …