Govt announces debt relief for tourism sector
May 08, 2019 (LBO) - Sri Lanka's government and cabinet yesterday gave a heads up for a ‘relief package’ to strengthen the tourism industry affected by the …
Economy & Markets
SriLankan Airlines appoints a new CCO and CFO
May 07, 2019 (LBO) - SriLankan Airlines has appointed Joshua Bustos as its chief commercial officer and Shaminda Samaraweera as its chief financial officer …
Sri Lanka tourist arrivals decline 7.5- pct in Apr 2019 : Q1 up 2.2-pct
May 07, 2019 (LBO) - Sri Lanka's tourist arrivals declined 7.5 percent during April 2019, latest data from the Tourisum Ministry show. However, a growth of 2.2 …
EFL 3PL looks towards Bots and RPA to stay ahead of logistics game
May 06, 2019 (LBO) - Expolanka Freight (Pvt) Ltd. (EFL), a logistics service provider announced that it has implemented its first wave of transformative …
5G not powerful, it’s ordinary technology, US politicians exaggerated its role: Huawei
May 06, 2019 (LBO) - Huawei Technologies Co. founder Ren Zhengfei recently pointed out that 5G is not that powerful and is just an ordinary technology, whilst …
Sri Lanka’s rupee weak as foreigners exit bonds after Easter Sunday terror
May 5, 2019 (LBO) - Money has started to flee Sri Lanka's bond markets in the aftermath of the devastating ISIS inspired Easter Sunday terrorist attacks. A net …
Prime Minister urges business community to place their trust in government
May 03, 2019 (LBO) – Prime Minister Ranil Wickremesinghe urges the business community to place their trust in the government and says steps have been taken …
Ceylon Chamber proposes action points for reviving Sri Lanka
May 02, 2019 (LBO) – Ceylon Chamber of Commerce has proposed several action points for reviving the Nation following the acts of terrorism which occurred …
LAUGFS officially inaugurates operations of S Asia’s largest LPG transshipment terminal
May 02, 2019 (LBO) - LAUGFS Terminals Ltd officially inaugurated operations of its LPG transshipment terminal at the Hambantota international Port. It is the …
HappyMarket.lk Helping Small Entrepreneurs Bust the Sales Barrier
By Jekhan Aruliah If your objective is to make money you’d better be sure you know how to sell. If you need to feed and house and educate your family. Or you …
Finance Minister leads Sri Lankan delegation to 52nd AGM of ADB
Apr 30, 2019 (LBO) – Finance Minister Mangala Samaraweera will lead the Sri Lankan Delegation to the 52nd Annual Meeting of the Board of Governors of the …
Interview : How SL’s housing market is gearing to meet economic, environmental and social challenges
Apr 30, 2019 (LBO) - Sri Lanka's Landmark Group, a real estate development company bent on challenging traditional approaches to the island's housing and …
Central Bank wants to reduce lending rates to SMEs by 200 bps in near term
Apr 29, 2019 (LBO) – Sri Lanka's Central Bank expects the lending rates to reduce by around 200 basis points to SMEs in the near term that would reduce …
Dialog will double every donation up to Rs.100Mn to help victims of 21st Apr tragedy
Apr 29, 2019 (LBO) - ‘Dialog Foundation’, a charitable trust under the aegis of Dialog Axiata PLC, invites all Sri Lankans to help victims of the tragic …
Sri Lanka tourism may be able to weather the Easter Sunday shock
April 27, 2019 (LBO) - The Sri Lankan economy and its tourism sector may be able to withstand the shock from the Easter Sunday terror attacks according to …
CSE sees Rs1.5bn net foreign inflow following 4% drop after terror attacks
April 26, 2019 (LBO) - The stock market in Sri Lanka has remained steady following an initial 4% drop in the broader indices after the Easter Sunday terror …
Millennium Challenge Corporation approves biggest grant ever received by Sri Lanka
Apr 26, 2019 (LBO) – The Millennium Challenge Corporation of the US Government has approved a grant of 480 million US dollars to Sri Lanka at its board …
Central Bank presents annual report to Finance Minister; 2018 growth 3.2-pct
Apr 25, 2019 (LBO) – The sixty-ninth Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented to Mangala Samaraweera, the …
Treasury has paid last year dues of Rs.84 bn for various projects
Apr 25, 2019 (LBO) – The Treasury has paid off Rs.84,461 million which were due by December 31, 2018, for various programmes and projects implemented under …
Fitch says borrowing risks raised due to attacks
Apr 25, 2019 (LBO) - Fitch Ratings issuing a statement said that the aftermath of the Easter Sunday attacks will undermine tourism earnings and pose …