Mastercard expands simple & secure digital checkout experience in Asia Pacific
As Asia Pacific shifts rapidly to digital commerce, Mastercard is bringing the next generation of seamless payments to the region with an online checkout …
Industry
COVID-19 reshaping Sri Lanka’s real estate market: Prime Group
Jul 13, 2020 (LBO) – Sri Lanka’s residential apartment sales has been seeing renewed interest since January 2020 and post COVID -19 as well following a …
SL vehicle registrations upon preference for private vehicles for fear of COVID – 19 infection
Jul 13, 2020 (LBO) – In most categories there was a dramatic rebound to pre COVID19 levels, pent up demand, expectations of a stock out of dealer …
Senkadagala Finance receives USD 25mn facility from a Dutch development bank
Jul 10, 2020 (LBO) – Senkadagala Finance recently announced that it received a US $25 million 5 Year Green Investment Facility from Nederlandse …
Opinion: The myth: Self-sufficiency guarantees food security
By Sathya Karunarathne The novel coronavirus which drove cities and countries into lockdown has now sparked anxiety over a possible food crisis given the …
Refurbished CBD business centre in Col-01 is now available for rent
Jul 10, 2020 (LBO) – Cargo Boat Development Company PLC (CBD) – an associate company of the Renuka Hotels Group – has completed the …
Extension of import controls further batters Sri Lankan economy: Advocata
According to the Extraordinary Gazette No 2182/10 of June 2020, import controls imposed by the earlier gazette Number 2176/19 of 22 May 2020 have been extended …
Sri Lanka tea average up in June 2020
Jul 09, 2020 (LBO) – Sri Lanka’s national tea average for the month of June 2020 totalled Rs. 612.67 vis-à-vis Rs. 697.57 of May 2020, which was …
Committee makes proposals to address irregularities in finance leasing businesses
Jul 08, 2020 (LBO) – The Committee appointed to examine irregularities and illegal activities of the leasing business, recommends short term and long term …
Sri Lanka’s Central Bank to develop Blockchain Technology based KYC Proof of Concept
Jul 07, 2020 (LBO) – Sri Lanka’s Central Bank has entered into agreements to begin the process of developing a Blockchain Technology Based Shared …
Global Startup Ecosystem Report ranks Sri Lanka as #2 global ecosystem for affordable talent
Jul 07, 2020 (LBO) – The 2020 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network has ranked Sri Lanka as the #2 …
SL Tourism to support SME’s and product development with EU funding
Sri Lanka Tourism has been in discussion with the European Union Office in Colombo regarding the most effective use of a Euro 3.5 million government to …
ComBank ‘Arunella’ brings multiple COVID-19 relief initiatives to customers
As its commitments to providing relief to businesses affected by the COVID-19 pandemic continue to grow exponentially, the Commercial Bank of Ceylon has …
No change in interest rate paid to senior citizen’s deposits: Finance Ministry
Jul 07, 2020 (LBO) – Sri Lanka’s Finance Ministry says that there has been no change in the interest rate paid on senior citizen’s deposits and …
Ship repair team embarkations under strict Govt. regulations: Hambantota Int’l Port
Jul 07, 2020 (LBO) – The Hambantota International Port (HIP) says that they follow all guidelines laid down by the government with regard to service engineer …
Sri Lanka’s leading corporates believe ‘work from home’ is here to stay
Jul 07, 2020 (LBO) – It’s hard to draw positives from a global crisis such as COVID-19, one that has taken hundreds of thousands of lives and impacted …
Tourism Ministry and SLTDA to provide relief to industry stakeholders
Jul 06, 2020 (LBO) – To sustain the lives of employees directly involved in the tourism industry and linked to establishments registered with the Sri …
Opinion: Import controls – out of control?
By Erandi de Silva As the COVID-19 virus forced much of the world into lockdown, the scale of interdependence and reliance on trade across nations was apparent …
Central Bank approved Rs.53Bn for 20,240 COVID-19 affected businesses
Jul 06, 2020 (LBO) – The Central Bank, in consultation with the Government of Sri Lanka, has introduced the Saubagya Covid-19 Renaissance Loan Scheme to …
Foreign Minister outlines Sri Lanka’s digital responses to COVID -19
Jul 06, 2020 (LBO) – The leadership of President Gotabaya Rajapaksa and the effective use of technology in a whole – of – government approach has …