EDB and Foreign Ministry accelerate efforts to boost exports
Aug 28, 2020 (LBO) – The Export Development Board (EDB) and the Foreign Ministry are working closely together to increase the country’s export revenue …
Companies
President envisages reducing foreign exchange spent on fish imports
Aug 28, 2020 (LBO) – President Gotabaya Rajapaksa says plans should be mooted from several directions to reduce the foreign exchange spent annual on fish …
Opinion: Importance of nurturing the condominium industry in Sri Lanka
By Blue Ocean Group of Companies The real estate and construction industry in Sri Lanka is one of the major revenue-generating sources with its growth or …
Tech, health care and telco to drive commercial property demand: RIU
Aug 26, 2020 (LBO) – Research Intelligence Unit (RIU), conducting a survey among Grade A & B commercial space tenants says technology firms, health …
New Tourism framework to focus on 10 key areas
Aug 25, 2020 (LBO) – Sri Lanka needs a comprehensive system change to revamp post-COVID-19 tourism with all related authorities coming together to …
E-Registry proposal by the DCS satisfies a much-needed reform for MSEs : Advocata
Aug 24, 2020 (LBO) – The Advocata Institute commends the decision taken by the Department of Census and Statistics (DCS) to launch an e-registry portal …
Oil Palm industry calls for urgent engagement with Govt. over-cultivation ban
Aug 24, 2020 (LBO) – The Palm Oil Industry Association (POIA) has said in a statement that while it respects the decisions relating to the industry …
Sampath Bank becomes youngest to achieve Rs. 1 trillion in assets, in just 33 years
Aug 24, 2020 (LBO) – Sampath Bank recently announced that its asset base has surpassed Rs. 1 trillion, making it the youngest bank in Sri Lanka to achieve …
Fitch rates Seylan Bank’s senior debt ‘A(lka)(EXP)’ & Basel III sub debt ‘BBB+(lka)(EXP)’
Aug 21, 2020 (LBO) – Fitch Ratings Lanka has assigned Seylan Bank’s proposed senior debentures an expected National Long-Term Rating of …
Sri Lanka vehicle registrations likely to slow in August due to stockouts: Report
Aug 20, 2020 (LBO) – Vehicle registrations in July were only slightly down from June but remain at healthy levels indicative of existing inventory …
Seylan Bank: Alternative Small Business Export Loan Funding Made Simple
Small and medium-sized enterprise turn into big businesses Today’s start-ups are tomorrow’s industry leaders, provided they can manage their early …
Opinion: Domestic payment cards drive economic and social benefits
By LankaClear Groundbreaking research carried out in five major continents across the world by Anthemis Group has found that domestic card schemes and …
Sivan Arul Illam: Northern Province enterprise exporting spices worldwide started as 2004 Tsunami children’s refuge
By Jekhan Aruliah “Charity begins at home”. For the Northern Province based Sivan Arul Illam charity began by creating a children’s home. The home was …
CEAT to develop local industry: Save Rs.11Bn in foreign exchange via import substitution
Aug 18, 2020 (LBO) – CEAT Kelani Holdings has announced that in response to the Government’s policies to develop domestic industry, it has stepped …
Uber’s 24×7 safety helpline live in Sri Lanka
Aug 18, 2020 (LBO) – Uber has relaunched its on-trip 24×7 Safety Helpline in Sri Lanka to ensure the safety of riders and to provide them greater …
Hayleys reports PAT of Rs.561.76 million Q1 2020
Aug 18, 2020 (LBO) – The Hayleys Group remained resilient amidst unprecedented challenges to record a pre-tax profit of Rs.1.17 billion in the first …
First Capital posts PAT of Rs. 1.46bn for 1Q 20/21 on the back of strong results for FY 19/20
Aug 18, 2020 (LBO) – First Capital Holdings PLC (the Group) the only listed investment bank in Sri Lanka, continued its growth momentum into the first …
BOI signs agreement with HTCey Aqua Culture for Vannamei Shrimp project in Puttalam
Aug 17, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with HTCey Aqua Culture (Pvt) Limited for a 12 million pl (Post Larvae) …
Plantation companies to lose Rs 500 mn. due to govt. vacillation on oil palm
Aug 17, 2020 (LBO) – Plantation companies will sustain a cumulative loss of more than Rs 500 million within months due to policy inconsistencies and …
MarCom Collective congratulates new Govt: Seeks partnership to rebuild industry
Aug 17, 2020 (LBO) – The MarCom Collective congratulated Prime Minister Mahinda Rajapaksa and his newly appointed cabinet of ministers as well as all …