Uki offers an alternate route from the Northern Province into the tech industry
By Jekhan Aruliah Does Sri Lanka need more university graduates? Sri Lanka has tens of thousands of unemployed graduates. Every now and then the government …
Companies
HNB Finance first IPO since January 2018
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The …
Sri Lanka economy on the mend in 2020 : Will look at new IMF deal
Feb 11, 2020 (LBO) - A revival in economic activity can be expected in 2020 with the support of better fiscal and monetary measures with Sri Lanka also looking …
Mobitel & Thuru’s reforestation project shortlisted at GSMA Global Mobile Awards 2020
Mobitel and Thuru’s joint project - ‘Reforestation through Technology’ - has been shortlisted for the ‘Best Mobile Innovation for Climate Action …
Former COPE Chief wants President to implement law on forensic audit report
Jan 28, 2020 (LBO) – Former Chairman of the COPE Committee, JVP Parliamentarian Sunil Handunnetti has written to the President requesting that the law be …
Opinion: How technology shapes apparel sector supply chains: Shifting to nearshoring and reshoring
Nipuni Perera Advances in technology have made nearshoring - the practice of shifting production operations to a nearby country closer to the end market - and …
First Capital Treasuries announces Rs750mn debenture issue
Jan 23, 2020 (LBO) – First Capital Treasuries, the Primary Dealer arm and a subsidiary of First Capital Holdings has announced that it intends to issue …
Tax changes included in proposed Inland Revenue Amendment Bill
Jan 22, 2020 (LBO) – Sri Lanka’s Finance Ministry announced the list of tax changes introduced in the proposed Inland Revenue Amendment Bill which is to be …
Viraj Dayaratne appointed as Chairman of SEC
Jan 22, 2020 (LBO) - Additional Solicitor General Viraj Dayaratne PC has been appointed as the Chairman of the Securities and Exchange Commission of Sri Lanka …
Cabinet nod to amend Inland Revenue Act; to be presented to Parliament
Jan 21, 2020 (LBO) – Sri Lanka's Cabinet of Ministers have approved the proposal to amend the Inland Revenue Act to reflect new tax proposals introduced by …
Debt moratorium for SMEs, credit negative for banks, unlikely to support economic recovery
Jan 20, 2020 (LBO) – Sri Lanka's debt moratorium for SMEs is credit negative for Sri Lankan banks and the sovereign because it risks increasing SMEs' risk …
Milford Ceylon buys 19-pct of Softlogic Life
Jan 17, 2020 (LBO) - Milford Ceylon Pvt Ltd., a Mauritius-based fund yesterday bought a 19 percent stake in Softlogic Life Insurance PLC for Rs. buy stendra …
S&P revises Sri Lanka’s outlook to negative; ratings affirmed at ’B/B’
Jan 16, 2020 (LBO) - Ratings agency Standard & Poor’s said it revised its outlook on Sri Lanka’s credit rating to negative from stable, citing …
CB Chief urges Sri Lanka banks to rethink its credit disbursement policies
Jan 06, 2020 (LBO) – Central Bank Governor Professor W D Lakshman urged Sri Lanka’s banking sector to rethink its credit disbursement policies, as the …
‘Manufacturing in 2020: Connecting machines to networks and companies to end-consumers’
Antony Bourne - President- IFS Industries While change is buffeting the industrial manufacturing industry from a number of directions, the most disruptive …
Business as usual isn’t the future of Ecommerce
Ecommerce is an ever-expanding world and there are many contradictory articles online regarding the future of Ecommerce. Whilst many discuss the proliferation …
New inclusions & exclusions of MBSL MIDCAP Index 2020 announced
Jan 02, 2020 (LBO) – New inclusions and exclusions of the MBSL MIDCAP Index 2020 have been announced. Accordingly, HNB Assurance, Sanasa Development Bank, …
IRD issues circular to banks about new Withholding Tax structure
Jan 01, 2020 (LBO) – Sri Lanka's Inland Revenue Department has issued a new circular to banks and financial institutions detailing the new Withholding Tax …
CSE indices comparison for 2019: ASPI up 1.3-pct, S&P SL20 down 6.3-pct
Dec 31, 2019 (LBO) – Colombo Stock Exchange ended the year 2019 on Tuesday with a positive note, rounding up the gain of All Share Price Index (ASPI) by 1.27 …
Sep quarter earnings declined by 9.6-pct for 264 companies: FC Research
Dec 19, 2019 (LBO) – Sri Lanka's First Capital Research says that quarterly earnings have been dipped for listed companies amidst weaker consumer spending …