Author: LBO Admin
TISL Welcomes IMF Structural Benchmark on Asset Declarations
Transparency International Sri Lanka (TISL) welcomes the introduction of a new Structural Benchmark in the IMF’s Third Review Agreement, addressing gaps in implementing the Asset Declarations system under the Anti-Corruption Act of 2023. This is a significant step toward ensuring public access to asset declarations—a long-standing reform for which TISL has strongly advocated. The benchmark […]
Fitch Assigns State Mortgage &” Rating; Outlook Stable
Fitch Ratings has assigned Sri Lanka-based State Mortgage & Investment Bank (SMIB) a first-time National Long-Term Rating of ‘BB(lka)’. The Outlook is Stable. Key Rating Drivers Intrinsic Profile Drives Rating: SMIB’s rating reflects its standalone financial strength and factors in its weaker-than- peers funding profile that has led to balance sheet mismatches. Risk controls are showing […]
& Zenbook 14
ASUS, a Taiwanese tech giant is set to push the boundaries of innovation with its latest lineup of AI-powered laptops offering versatile performance, stunning design, and multiple use case options for enhanced productivity and entertainment. The brand’s first lineup of 2025 not only caters to a new segment but also makes AI more accessible than […]
CFA Society Sri Lanka and Deloitte Lead the Way in Green Bond Investments
As the global financial landscape increasingly shifts towards sustainability, CFA Society Sri Lanka (CFASSL) and Deloitte have partnered to present a pioneering program on Green Bonds. This initiative, set to take place on April 2, 2025, at the Galle Face Hotel, aims to provide finance professionals, corporate leaders, and regulatory bodies with critical insights into […]
Prime Minister of India Narendra Modi to undertake a State visit to Sri Lanka
The Prime Minister of India Shri Narendra Modi will be undertaking a State visit to Sri Lanka from 04 to 06 April 2025. During this visit, Prime Minister Modi is expected to hold bilateral talks with President Anura Kumara Disanayaka and Prime Minister Dr. Harini Amarasuriya. While in Sri Lanka, the Indian Prime Minister is […]
South Asian University, New Delhi expands academic offerings and opens admissions
South Asian University (SAU), established with the vision of “Knowledge Without Borders,” has announced the commencement of admissions for the 2025-26 academic session. The announcement was made by Prof. K K Aggarwal, President of SAU, a distinguished pioneer in computer and electronics engineering in India, who reaffirmed the university’s commitment to delivering world- class education […]
Optimism among Swedish companies working with Sri Lanka
“Growth in the last five years, growth in 2024 and optimism for 2025.” These are some of the key findings from the Sweden-Sri Lanka Business Council’s (SSLBC) 2025 Membership Survey. The results are also a reflection of the increasing interest for Sri Lanka among Swedish companies. In two years, the number of members of SSLBC […]
UK Sanctions do not assist but serve to complicate national reconciliation process in SL: FM
The Ministry of Foreign Affairs, Foreign Employment & Tourism takes note of the Press Release dated 24th March 2025, issued by the UK, Foreign Commonwealth & Development Office (FCDO) entitled “UK Sanctions for Human Rights Violations and Abuses during the Sri Lankan Civil War”. As stated in the press release, the UK government has imposed sanctions on four […]
Emirates’ A350 debuts in Sri Lanka, offering airline’s unique Premium Economy experience
Emirates’ latest aircraft, the Airbus A350, has made its debut in Sri Lanka, introducing an exciting new dimension in air travel to and from the popular destination of Colombo. The roll out of Emirates’ A350 aircraft to Sri Lanka featuring the airline’s latest interiors, industry-first technologies and innovations, reinforces the airline’s commitment to a market […]
CBL Foods International wins Gold for best in-house R&D unit at National awards
CBL Foods International (Pvt) Ltd. (CBLF), a subsidiary of CBL Group, was awarded Gold for Best In-House Research and Development Unit at theNational Industry Brand Excellence Awards, organised by the Industrial Development Board (IDB), for its exemplary performance and commitment demonstrated in driving innovative solutions and technological advancements that significantly contribute to the expansion of […]
Central Bank of Sri Lanka keeps Overnight Policy Rate (OPR) unchanged
The Monetary Policy Board decided to keep the Overnight Policy Rate (OPR) at 8.00% at its meeting held yesterday. The Board arrived at this decision after carefully considering the developments both domestically and globally. The Board remains confident that the prevailing monetary policy stance will ensure that inflation will move towards the target of 5% […]
Sri Lanka Exports Reach USD 1.38 Billion in February, Up 4.62-pct Year-on-Year
Total exports, including both merchandise and services, reached at US$ 1,382.53 Mn in February 2025, marking a notable 4.62% year-on- year growth compared to February 2024. Additionally, exports recorded a 2.58% month-on-month increase compared to January 2025. According to provisional data from Sri Lanka Customs and estimated figures for Gems & Jewellery and Petroleum Products, […]