Author: LBO Admin
Union Bank Launches Trade Connect For Seamless Trade Services
Union Bank proudly unveiled Union Bank Trade Connect, a modern, fully equipped one-stop hub for all trade services. Union Bank Trade Connect was inaugurated by Dilshan Rodrigo, Director/CEO at the Bank’s Head Office and marks a new milestone in delivering seamless, efficient trade solutions to the Bank’s valued customers.
‘s historic Rs. One Billion Green Bond funds renewable expansion
Resus Energy PLC has made history with the launch of the country’s first-ever Green Bond issue by a local energy company, aiming to raise Rs. 1 billion to accelerate the nation’s transition to clean energy. The issue, scheduled to be opened on 25th June 2025, is also the country’s first Green Bond issue by a […]
Harshana Suriyapperuma Appointed New Secretary to the Ministry of Finance
President Anura Kumara Disanayake has appointed Dr. Harshana Suriyapperuma as the new Secretary to the Ministry of Finance. The letter of appointment was handed over to Dr. Harshana Suriyapperuma by the Secretary to the President Dr. Nandika Sanath Kumanayake this morning (23) at the Presidential Secretariat. Dr. Suriyapperuma has been involved in capital market regulation […]
Transparency International Sri Lanka Challenges the Companies (Amendment) Bill
Transparency International Sri Lanka (TISL) filed legal action on Thursday 19 June 2025, in the Supreme Court challenging the Bill to amend the Companies Act No. 07 of 2007. The petition has been filed in the public interest. The amendment introduces a critical anti-corruption tool – a Beneficial Ownership Information (BOI) register. TISL contends that […]
Sri Lanka calls upon all parties to take concrete steps to de-escalate the situation in the Middle East region
Sri Lanka is gravely concerned about the latest developments in the Middle East. We continue to call upon all parties to take concrete steps to de-escalate the situation. All concerned parties should return to dialogue and engage in intense diplomatic efforts to establish and maintain peace with a view to ensuring stability in the Middle […]
India to Facilitate Flights for Sri Lankans Leaving Iran
The Ministry of Foreign Affairs, Foreign Employment and Tourism informs all Sri Lankans in the Islamic Republic of Iran that the Government of Sri Lanka has made arrangements with the Government of India to assist Sri Lankans who wish to leave Iran by accommodating them in their flights. Accordingly, any Sri Lankans who wish to […]
Dimuthu Abeyesekera takes over as Chairman of the CSE
The Colombo Stock Exchange (CSE) announces that Mr. Dimuthu Abeyesekera, took over as the Chairman following the conclusion of the Annual General Meeting of the CSE on 19th June 2025, where the incumbent Chairman Mr. Dilshan Wirasekara, stepped down upon completion of his three-year tenure. Mr. Abeyesekera, who has served on the CSE Board for […]
CBSL Warns Against Misleading Overseas Property Investments, Threatens Legal Action
The Central Bank of Sri Lanka (CBSL) has issued a stern warning to the public regarding misleading advertisements promoting overseas investments in immovable properties and offering guidance on obtaining foreign financing for such ventures. The CBSL emphasizes that many of these advertised activities contravene the country’s foreign exchange regulations and has signaled its intent to […]
UN High Commissioner for Human Rights to Visit Sri Lanka Tomorrow
The United Nations High Commissioner for Human Rights Volker Türk will undertake an official visit to Sri Lanka from 23 to 26June 2025. This marks the first visit by a UN High Commissioner for Human Rights to Sri Lanka since February 2016. During the visit, the High Commissioner is scheduled to call on the President […]
Human Development progress is decelerating at an alarming rate says new UNDP Human Development Report
For 30 years, the Human Development Index (HDI) showed a consistent increase in development progress and a decrease in inequality. Although the crises of 2020-2021 disrupted this trend, last year’s report saw tentative signs of recovery. The 2025 HDR has quashed this optimism. Amid ongoing global turmoil, inequality has increased for the fourth consecutive year. […]
Constituent Change in the S&P Sri Lanka 20 Index
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2025 Mid-Year rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 23rd June 2025 (after the market close of 20th June 2025) are presented below. Exclusion […]
Foreign Direct Investment records 90-pct Increase in First Quarter of 2025
The Board of Investment (BOI) of Sri Lanka has successfully increased Foreign Direct Investment (FDI) by US$96 million in the first quarter of 2025, compared with the same period in 2024. This was disclosed today (20) during a progress review meeting of the Board of Investment of Sri Lanka, chaired by President Anura Kumara Disanayake […]