Category: Featured
“India will always be a dependable partner and reliable friend to Sri Lanka” says EAM Dr. S. Jaishankar
Visiting Minister of External Affairs of India Dr. S.Jaishankar held bilateral talks with Foreign Minister Dinesh Gunawardena yesterday and discussed multiple areas of bilateral cooperation was taken up, including economic, financial, trade and investment cooperation, cultural exchanges, defence and security, development cooperation as well as Covid 19 pandemic response. Both sides agreed to continue the […]
CA Sri Lanka’s annual report awards to comeback this year
The prestigious Annual Report Awards Competition organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), is set to make a grand comeback this year with a series of relaxations which will immensely benefit the participating companies amidst the COVID-19 global pandemic. The Annual Report Awards Competition which stakes claim to an […]
Asia Securities forecasts strong growth trajectory for equities in 2021
Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, with the ASPI expected to reach 7,400-7,600 in 2021. The Sri Lankan stock market marked a V-shaped recovery in 2020, seeing one of its strongest rallies to recover all losses suffered […]
Utilizing recyclable PET plastic waste: Towards a circular economy
By Dr. Anush Amarasinghe “Reduce, reuse, and recycle”- a household phrase you’ve probably heard over and over again either through school, from awareness campaigns or even on TV. This commonly used phrase is one expected to enthusiastically and optimistically drive the mind-sets of those listening, to essentially do the right thing and help efforts to […]
ComBank further slashes lending rates
Jun 26, 2020 (LBO) – The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up to 2 percent on all categories of loans in a continuing effort to bolster businesses affected by the COVID-19 pandemic by providing affordable access to desperately-needed funds. The Bank took steps to reduce lending […]
Sri Lanka inaugurates new ADB funded COVID-19 test lab
Jun 25, 2020 (LBO) – The Asian Development Bank (ADB) has funded the construction and equipment of a new molecular polymerase chain reaction (PCR) laboratory at the Colombo East Base Hospital to support Sri Lanka in its response against the coronavirus disease (COVID-19) pandemic. The facility was declared open by Minister of Health and Indigenous […]
SL should aim for V-shaped economic recovery post COVID 19 : Cabraal
Jun 25, 2020 (LBO) – Ajith Nivard Cabraal, advisor to the Prime Minister on Economic Affairs says that Sri Lanka should aim for V-shaped economic recovery and aspire for high growth in the immediate future. Elaborating further on the topic Cabraal told Lanka Business Online exclusively. ……..
President wants media to help preserve national identity and cultural values
Jun 24, 2020 (LBO) – President Gotabaya Rajapaksa highlighted the necessity of right media practice that helps preserving Sri Lankan identity and cultural values. He made this comment during a progress review meeting with the Independent Television Network(ITN) at the Presidential Secretariat yesterday. The changes that should be made to create a new television culture […]
Rooster Jobs launched to help businesses steer recruitment during Covid-19
Jun 23, 2020 (LBO) – Rooster Jobs is a free of charge end-to-end recruitment platform and Applicant Tracking System (ATS) designed to help businesses source suitable candidates. The platform was launched on 11th of May with the motive to assist businesses navigate hiring efficiency amidst the turbulent environment created by Covid-19. Within a short span […]
Sri Lanka electricity generation down 22.7-pct in Apr 2020
Jun 21, 2020 (LBO) – Sri Lanka’s total electricity generation (excluding non- conventional electricity as solar, wind, mini-hydro & biomass) stood at 964,043 MWh in the month of April 2020, down 22.7 percent from 12,46,863 MWh in the month of January 2020, data submitted by Ceylon Electricity Board shows. The reduction of the electricity generation […]
Sri Lanka should adopt extreme tourism targeting, covering high-end and backpackers
Jun 23, 2020 (LBO) – Sri Lanka’s tourism industry can adopt extreme targeting, covering not only the high-end but also the lower end backpackers, an industry professional said. “They are more prone to travel during this period. It is about targeting early adopters both consumers and logistics/market-wise,” Vickum Nawagamuwage Founder CEO of Santani Wellness Resort told a […]
“Exporters optimistic about new market opportunities” new USAID survey
Jun 19, 2020 (LBO) – “Sri Lankan exporters are cautiously optimistic about business continuity amidst a global pandemic,” reveals the findings of a new business survey conducted by the Ceylon Chamber of Commerce (CCC) and the United States Agency for International Development (USAID). A significant number of the firms surveyed had identified new business opportunities […]