LOLC finishes two years in succession as the most profitable conglomerate
LOLC Group (LOLC), the premier blue chip conglomerate concluded another financial year on a high note as per the results for the year ended 31st March 2020. …
Companies
Ceylon Chamber congratulates PM & welcomes strong mandate for accelerated economic revival
The Ceylon Chamber of Commerce congratulates Prime Minister Mahinda Rajapaksa and the newly elected government on its victory at the 2020 General Election and …
National Chamber of Exporters welcomes new Govt.
Aug 10, 2020 (LBO) – The National Chamber of Exporters of Sri Lanka (NCE) congratulated the newly concluded election and the great victory achieved, in …
Hotels Association welcomes new PM and Govt: Call for tourism development
Aug 10, 2020 (LBO) – The Hotels Association of Sri Lanka (THASL) congratulated President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa for …
Chitranjali Dissanayake appointed Director General of Export Development Board
Aug 08, 2020 (LBO) – Chitranjali Dissanayake has been appointed as the Director General of Sri Lanka Export Development Board (EDB) with effect from 4 August …
Are caveat notices strangling the condominium industry in Sri Lanka?
Kapila Gamage Attorney-at-Law and Condominium Consultant The condominium developers of Sri Lanka are being terrorized by a new kind of threat that is …
Court refuses injunction sought by LRI to prevent allocation of land to foreign investor
Aug 06, 2020 (LBO) – The District Court of Colombo made Order refusing an Injunction sought by Lanka Realty Investment (formerly Ascot Holdings PLC) in …
Sri Lanka’s GDP contracts by 1.6% in 1Q 2020
Aug 06, 2020 (LBO) – Sri Lanka’s GDP growth rate for the first quarter of 2020 has been estimated as 1.6 percent of negative growth rate, when …
Sri Lanka’s Seylan Bank to issue listed debentures
Jul 30, 2020 (LBO) – Sri Lanka’s Seylan Bank is to issue two types of listed debentures, the bank said in a stock exchange filing. The bank at a meeting …
JKH posts negative Rs.2.43bn as Group PBT in June quarter, recovery faster than anticipated
Jul 29, 2020 (LBO) – Sri Lanka’s diversified John Keells Holdings says that the business recovery is reverting to almost pre-COVID-19 levels, faster …
Nations Trust Bank American Express ties up with PickMe
Nations Trust Bank American Express joins hands with PickMe, Sri Lanka’s leading mobility solutions provider, to provide convenient and cashless payment …
Enterprise analytics ties up with Acumatica to equip SMEs with ERP solutions
Jul 29, 2020 (LBO) – Enterprise Analytics, a leading provider of pioneering technology-based business solutions, recently partnered with Acumatica …
BOI signs agreement with Vallibel Properties to construct its landmark building
Jul 29, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Vallibel Properties Limited to construct its state-of-the-art …
Traveling to Dubai and beyond: new guidelines issued for passengers
Jul 28, 2020 (LBO) – Customers from across Emirates’ network can now travel to Dubai as the city has re-opened for business and leisure visitors with …
United States works with Sri Lankan apparel industry to increase PPE exports
Jul 27, 2020 (LBO) – The United States is helping Sri Lankan apparel producers to export Personal Protective Equipment (PPE) to the United States. In …
Fitch affirms ratings of People’s Bank and Bank of Ceylon; Outlook Negative
Jul 27, 2020 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of People’s Bank at ‘AA+(lka)’ with a Negative Outlook. Fitch …
Opinion: COVID–19 is accelerating the technology takeover
by Shanil Fernando (Co-founder & MD of Sysco LABS) The COVID-19 pandemic has revealed a great deal of vulnerabilities in our world and our way of life …
Fitch plans to withdraw ratings of Kotagala Plantations
Jul 27, 2020 (LBO) – Fitch Ratings plans to withdraw the ratings of Kotagala Plantations PLC for commercial reasons on or about 21 August 2020, which is …
South assures President historical win at General Election
Jul 24, 2020 (LBO) – People of Galle assured President Gotabaya Rajapaksa that the South is more than prepared to strengthen his administration to combat …
ICRA Lanka reaffirms the ratings of Bogawantalawa Tea Estates PLC
Jul 23, 2020 (LBO) – ICRA Lanka Limited has reaffirmed the issuer rating of [SL]BBB+ (pronounced SL triple B plus) with Negative Outlook for …