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 …
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 …
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 …
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 …
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). …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …