Author: LBO Admin
Land Prices Surge Up to 20-pct as Real Estate Market Responds to Lower Rates & Economic Stability: report
Sri Lanka’s real estate sector is demonstrating robust signs of recovery and renewed investor confidence in 2025, buoyed by a stabilizing economy and favorable market conditions. The latest “Real Estate Market Outlook Report 2025 (REMOR25)” by LankaPropertyWeb (LPW) highlights a significant resurgence across the property landscape, with key indicators pointing towards sustained growth. One of […]
Trinasolar partners Solaris Energy to deliver 25MWp of utility-scale solar across Sri Lanka
Trinasolar, a global leader in smart PV and energy storage solutions, signed a Memorandum of Understanding (MOU) with Solaris Energy (Pvt) Ltd., a leading solar distributor in Sri Lanka, to collaborate on the supply and deployment of 25 megawatt-peak (MWp) of solar modules across the country. The agreement was formalized at SNEC 2025 in Shanghai, […]
Special Presidential Investigation Committee to Probe Fraud & Corruption at SriLankan Airlines & AASL
President Anura Kumara Dissanayake has appointed a Special Presidential Investigation Committee to probe alleged incidents of fraud, corruption and irregularities at SriLankan Airlines Limited and Airport and Aviation Services (Sri Lanka) (Private) Limited. The President met with the members of the Committee yesterday (22) at the Presidential Secretariat and engaged in a discussion with them. […]
Central Bank of Sri Lanka keeps Overnight Policy Rate unchanged at 7.75-pct
The Monetary Policy Board decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75% at its meeting held yesterday. The Board arrived at this decision after carefully considering both domestic and global developments. The Board is of the view that the current monetary policy stance will help steer inflation towards the […]
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Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB; AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated green bonds of up to LKR15 billion a final National Long-Term Rating of ‘A(lka)’. The final rating is the same as the expected rating assigned on 7 April 2025 and follows the receipt of documents conforming to […]
Transparency International Sri Lanka Challenges the National Audit (Amendment) Bill
Transparency International Sri Lanka (TISL) filed legal action on Tuesday 22 July 2025, in the Supreme Court challenging the National Audit (Amendment) Bill which was published in the gazette on 23rd June 2025. The Bill is to amend the National Audit Act No. 19 of 2018. The petition has been filed in public interest. The […]
Pan Asia Bank felicitated for exemplary professionalism by the Central Bank of Bangladesh
In a ceremony at Bangladesh Bank headquarters in Motijheel recently, officials from Sri Lanka’s Pan Asia Banking Corporation (PABC) received high praise for thwarting a major cyber fraud aimed at siphoning US $20 million from Bangladesh Bank’s account at the Federal Reserve Bank of New York. Bangladesh Bank Governor Dr Ahsan H. Mansur led the honour, […]
The future of electric driving has arrived
Electric cars are no longer just about saving fuel or reducing emissions. They’re quickly becoming the new standard for luxury, technology, and smart mobility. And two new models are making waves for all the right reasons. Quietly referred to as the IM5 and IM6, these next-generation sedans are changing how we think about driving. A […]
President Inaugurates Wax Museum at the Historic Ehelepola Walawwa in Kandy
President Anura Kumara Dissanayake officially opened the Wax Museum this morning (17) at the historic Ehelepola Walawwa in Kandy. The Ehelepola Walawwa, which was renovated by the Urban Development Authority, has been handed over to the Temple of the Sacred Tooth Relic. The museum was then established, ensuring the preservation of its archaeological and cultural […]
Pre-Budget Discussions for 2026 Begin
A discussion on the preliminary budget framework and development direction related to the submission of proposals for the 2026 Budget was held yesterday afternoon (16) at the Presidential Secretariat between President Anura Kumara Disanayake and officials of the Ministry of Finance. Accordingly, the President inquired from the Ministry of Finance officials about the current progress […]
MoU to establish a laboratory with international accreditation facilities with a USD15 mn investment
A Memorandum of Understanding (MoU) was signed this morning (15) at the Presidential Secretariat between STEMedical of the USA and the Sri Lanka Institute of Biotechnology (SLIBTEC) to establish a laboratory with internationally recognised accreditation. The MoU for this $15 million investment project, conducted under the guidance of the National Initiative for Research and Development […]
SLPMA unveils compelling ‘National Call to Produce Medicine in Sri Lanka’ as strategic priority
The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA), in a historic step, has issued a powerful national call to action urging all stakeholders to come together in a bold, unified effort to shape a future where Sri Lanka emerges as a trusted, high-quality, and export-driven pharmaceutical manufacturing hub. In a decisive move to transform Sri Lanka’s […]