Category: Companies
State Banks must play their bounden role in economic revival: President
Jun 16, 2020 (LBO) – The State Banks should make their bounden contribution to rebuild the economy which is in a perilous state due to COVID – 19 pandemic. It is the responsibility of State Banks to put in place the mechanism to implement the policies of a government. Taking forward the strategy of maintaining […]
‘s Institute of Medical Sciences bringing medical careers and care to the Northern Province
By Jekhan Aruliah During the 2020 COVID-19 “Corona” Virus pandemic we really loved our health workers. We all loved them because COVID-19 hit everyone. Not through infection but through curfews. Businesses closing, shopping & socializing banned, incomes lost, economic hardship, and the stress of being locked in with our loved ones. Diseases are usually suffered […]
Foreign Ministry helps local exporters overcome adverse impact of COVID 19
Jun 12, 2020 (LBO) – Comprehensive measures taken by the Ministry of Foreign Relations, in close coordination with the key Government Economic Agencies and the private sector to address and mitigate the impact of COVID 19 particularly on Sri Lankan exports, has helped in sustaining and regaining lost markets for traditional Sri Lankan exports, while […]
PR Wire expands into insights and intelligence services
Expanding its Strategic Public Relations offering, PR Wire, a leading Public Relations Consultancy, launched PR Wire Intel™, delivering powerful business insights leading to intelligence and decision making. Most businesses having identified the importance of solutions which help in decision making and are gradually turning towards services that would assist in realizing and understanding its market, […]
Fitch revises Sunshine Holdings’ National long-term rating to ‘A(lka)’ from ‘A-(lka)’
Jun 08, 2020 (LBO) – Fitch Ratings has revised the National Long-Term Rating of Sunshine Holdings (CSE:SUN), to ‘A(lka)’ from ‘A-(lka)’ and has simultaneously affirmed its Outlook Stable. The rating revision of the diversified conglomerate, along with two other non-financial corporates, follows the recalibration of Fitch’s Sri Lankan National Rating scale to reflect changes in […]
MarCom collective commissions Ernst & Young to study industry’s economic significance
Jun 08, 2020 (LBO) – The MarCom Collective has commissioned Ernst and Young Sri Lanka (EYSL) to undertake a comprehensive study on the country’s marketing communications industry and its contribution to the Sri Lankan economy. The Collective is a group of associations, businesses and professionals from the marketing and advertising industry that came together following […]
All possible measures are taken to ensure safety of deposits: CB Governor
Jun 07, 2020 (LBO) – Sri Lanka’s Central Bank assures the general public that it will continue to take all possible measures to ensure the safety of public deposits. Releasing a statement, the Governor of the Central Bank Professor W.D. Lakshman said that they remain committed to keeping the deposits of the general public safe […]
First phase of compensation payment for The Finance Company depositors
Jun 04, 2020 (LBO) – The Central Bank has taken steps to pay compensations up to 600,000 rupees to all insured depositors of The Finance Company (TFC) as per the Regulations of Sri Lanka Deposit Insurance and Liquidity Support Scheme. The Central Bank said in a statement that the balance amount if any will be […]
Economic Zone:A catalyst for modern services in Sri Lanka
Jun 03, 2020 (LBO) – The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), is set to discuss the topic of “Port City Special Economic Zone– A Catalyst for Modern Services in Sri Lanka” on Thursday, 04 June 2020, during a webinar titled “Colombo Port City: Potential growth impact for Sri Lanka” hosted […]
‘s construction projects expected to pickup and stick to timelines:ICRA
Jun 3, 2020 (LBO) – Sri Lanka’s construction sector is expected to demonstrate resilience compared to other economic sectors, a new report said. The construction projects are expected to gradually pickup pace and broadly stay within the original timelines, ICRA Lanka said. “Current domestic raw material production level and inventories are expected to sustain ongoing […]
SEC approves rules for digitalization of Colombo Stock Market
Jun 02, 2020 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Stockbroker Rules, Central Depository Systems (CDS) Rules and Listing Rules submitted by the Colombo Stock Exchange (CSE), which will enable the stock market to transition from a paper-based to an electronic-based environment. Under the amended rules, […]
Sri Lanka export earning drop 42.3-pct in Mar 2020
Jun 02, 2020 (LBO) – The deficit in the trade account narrowed in March 2020 to US dollars 549 million, from US dollars 592 million in March 2019, as the decline in imports in value terms exceeded the decline in exports, the Central Bank said. However, on a cumulative basis, the trade deficit widened to […]