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New Year motivates us to move towards a new meaningful height in life

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 …

January 1, 2021 | Politics | Read More
Commercial Bank launches CBC Finance as successor to Serendib Finance

Commercial Bank launches CBC Finance as successor to Serendib Finance

Dec 31, 2020 (LBO) – The Commercial Bank of Ceylon has announced the launch of CBC Finance Ltd., the Bank’s fully-owned Licenced Non-bank Finance …

December 31, 2020 | Banking and Finance | Read More
UK approves easy-to-handle Oxford vaccine for COVID

UK approves easy-to-handle Oxford vaccine for COVID

Dec 30, 2020 (LBO) – The United Kingdom has authorised the use of a second COVID-19 vaccine, becoming the first country to approve of an easy-to-handle shot …

December 30, 2020 | Banking and Finance | Read More
16 SL companies excel at SAFA best presented Annual Report Awards

16 SL companies excel at SAFA best presented Annual Report Awards

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) hosted the 24th SAFA Best Presented Annual Reports (BPA) Awards Ceremony in Colombo last …

December 30, 2020 | Banking and Finance, Companies, Featured, General Services, Industry | Read More
ICRA Lanka re-affirms ratings of Janashakthi PLC

ICRA Lanka re-affirms ratings of Janashakthi PLC

ICRA Lanka Limited has reaffirmed the issuer rating of [SL]BBB- (pronounced SL triple B minus) with Negative outlook for Janashakthi PLC (JPLC or the company). …

December 30, 2020 | Companies, Featured, Industry, Insurance | Read More
Lanka Sathosa manages to cut down its annual losses by around 60-pct during 2020

Lanka Sathosa manages to cut down its annual losses by around 60-pct during 2020

Dec 30, 2020 (LBO) – Lanka Sathosa Limited, the country’s largest retail network business, registered a profit of around Rs.100 million for the month of …

December 30, 2020 | Trade | Read More
Sri Lanka to ban the use of maize for production of alcohol & ethanol

Sri Lanka to ban the use of maize for production of alcohol & ethanol

Dec 28, 2020 (LBO) – President Gotabaya Rajapaksa directed the subject Minister and the officials to intervene to stop the irregularities perpetrated in …

December 28, 2020 | Agriculture, Environment | Read More
Central Bank Road Map for 2021 to be announced next Monday

Central Bank Road Map for 2021 to be announced next Monday

Dec 28, 2020 (LBO) – The Road Map: Monetary and Financial Sector Policies for 2021 and Beyond will be announced by the Governor of the Central Bank on …

December 28, 2020 | Economy | Read More
DFCC Bank empowers SME’s through ‘DFCC Vayapara Athwela’ online programme

DFCC Bank empowers SME’s through ‘DFCC Vayapara Athwela’ online programme

DFCC Bank, one of the island’s fastest growing premier commercial banks, has continued to reaffirm it’s promise as the ‘Bank for Everyone’, through …

December 28, 2020 | In Pictures | Read More
Opinion: Education Equity in Sri Lanka: A Pathway out of Poverty

Opinion: Education Equity in Sri Lanka: A Pathway out of Poverty

By Wimal Nanayakkara: Although Sri Lanka has provided universal free education since 1939, around one-fifth of poor children drop out of school after the age …

December 28, 2020 | Watch Tower | Read More
Cinemas in Sri Lanka to reopen under strict safety guidelines

Cinemas in Sri Lanka to reopen under strict safety guidelines

Dec 28, 2020 (LBO) – Prime Minister Mahinda Rajapaksa has advised reopening cinemas in compliance with strict COVID-19 safety guidelines. The Film Industry …

December 28, 2020 | General Services | Read More
South Africa desires balance in trade ties, willing to consider slashing tariffs for tea exports

South Africa desires balance in trade ties, willing to consider slashing tariffs for tea exports

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) warmly received the outgoing South African High Commissioner in …

December 25, 2020 | Agriculture | Read More
Banks suspended from purchasing ISBs of Sri Lanka for three months

Banks suspended from purchasing ISBs of Sri Lanka for three months

Dec 24, 2020 (LBO) – Licensed commercial banks and National Savings Bank are required to suspend the purchase of Sri Lanka ISBs with immediate effect for a …

December 24, 2020 | Markets, Money | Read More
Central Bank expects rupee to appreciate within next few days

Central Bank expects rupee to appreciate within next few days

Dec 24, 2020 (LBO) – The Central Bank says it is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable. …

December 24, 2020 | Markets, Money | Read More
Exports in November drop 11.8-pct from October amidst second wave of Covid

Exports in November drop 11.8-pct from October amidst second wave of Covid

Dec 24, 2020 (LBO) – Export earnings in November 2020 amounted to US$ 748.58 Mn, which was 20.97% lower than November 2019 and 11.84% lower than October …

December 24, 2020 | Economy | Read More
UN assures support to Sri Lanka for procurement, distribution & administering of COVID-19 vaccine

UN assures support to Sri Lanka for procurement, distribution & administering of COVID-19 vaccine

With several countries having started COVID-19 vaccination, the United Nations has assured Sri Lanka its support for procuring, distributing and administering …

December 23, 2020 | Special Reports | Read More
ACL Cables receives SLS certification for fire-rated cables

ACL Cables receives SLS certification for fire-rated cables

Creating history and proving its dominance in the cable industry once again, ACL Cables PLC announced it had been awarded the SLS 1504-3-31 certificate under …

December 23, 2020 | In Pictures | Read More
RPCs submit new proposal aimed at transforming earnings in  Plantation sector

RPCs submit new proposal aimed at transforming earnings in Plantation sector

Dec 23, 2020 (LBO) – Taking a cue from the success of the smallholder sector, Sri Lanka’s Regional Plantation Companies (RPCs) handed over fresh …

December 23, 2020 | Agriculture, Companies, Featured, General Services, Industry, Other | Read More
SL to re-introduce conditional repatriation in the wake of new strain of Coronavirus

SL to re-introduce conditional repatriation in the wake of new strain of Coronavirus

Dec 22, 2020 (LBO) – In the wake of the discovery of a fast spreading new strain of Coronavirus in certain countries, the Government has decided to continue …

December 22, 2020 | Aviation | Read More
Asia Capital to buy 70-pct stake of Navara Capital Partners to re-enter stock broking business

Asia Capital to buy 70-pct stake of Navara Capital Partners to re-enter stock broking business

Asia Capital PLC (ACAP) the country’s leading and pioneering investment banking house recently announced to Colombo Stock Exchange (CSE) that the company has …

December 22, 2020 | Companies | Read More
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