Cabinet approves new orders for ‘Special Deposit Accounts’
Oct 07, 2020 (LBO) - The approval of the Cabinet of Ministers was granted at their meeting held in April 2020 for the issuance of orders under the foreign …
Companies
SLRA concludes webinars on recovering sales and profitability after the COVID pandemic
The Sri Lankan Retailers Association, the apex body for organised retailing in Sri Lanka, with a view to uplift the industry post COVID, carried out a series …
Ananda Sirisena & Co to launch Sri Lanka’s first-ever Company Secretarial App
Oct 07, 2020 (LBO) – With over 30 years of service to local and global clientele, renowned company secretaries Ananda Sirisena and Company (Private) Limited, …
Commercial Bank receives USD 50Mn equity from International Finance Corporation
Oct 07, 2020 (LBO) – The Commercial Bank of Ceylon has announced the completion of all formalities relating to the private placement of shares with the …
SL Tourism and Australia’s MDF to develop 5 year plan for tourism research
Oct 06, 2020 (LBO) - Sri Lanka Tourism Development Authority (SLTDA) and Australia’s Market Development Facility (MDF) have joined hands to develop a …
7 promising startups graduate from SL’s first virtual fintech accelerator
HatchX, Sri Lanka’s first fintech startup accelerator programme, recently concluded its demo day with its first cohort of 7 promising local fintech startups …
Morison opens largest pharma facility in SL: Total investment of USD 18.5Mn
Oct 02, 2020 (LBO) - Morison PLC, a subsidiary of Hemas Holdings PLC opened its new state-of-the-art manufacturing plant and research and development facility …
Economists urge decisive action to prevent emerging Sri Lankan debt crisis
Oct 02, 2020 (LBO ) - A panel of eminent economists urged that the Government take credible and decisive action to prevent a painful debt crisis in Sri Lanka. …
Mobitel and Huawei launches first mid-range 5G Smartphone in Sri Lanka
Continuing its excellence in brining latest technology and devices, Mobitel, Sri Lanka’s National Mobile Service Provider, introduced Huawei’s next …
Advocata to live stream session on “How can we improve Sri Lanka’s debt sustainability” today
Sep 30, 2020 (LBO) - The Advocata Institute has launched its latest public policy discussion series 'DeepDive'. This series commences with several …
Abans to divest its stake in Abans Finance to Softlogic Capital
Sep 29, 2020 (LBO) – Abans PLC, the controlling shareholder of Abans Finance PLC, will be selling its stake in the finance company to Softlogic Capital PLC, …
Moody’s downgrades ratings of BOC, HNB & Sampath Bank; outlooks stable
Sep 29, 2020 (LBO) – Moody's Investors Service has today downgraded the long-term foreign currency deposit ratings of Bank of Ceylon (BOC), Hatton National …
CCC organize 20th Sri Lanka Economic Summit on 1-2 December 2020
Sep 28, 2020 (LBO) - The Ceylon Chamber of Commerce will be organizing the 20th Sri Lanka Economic Summit (SLES) on the 1st and 2nd of December 2020 at the …
Sri Lanka Export Development Board proposes export stimulus reward scheme for exporters
Sep 25, 2020 (LBO) – The commendable performance of Sri Lankan exporters and the resilience shown during an unprecedented COVID 19 pandemic is to be rewarded …
President steers revival of Export Development Council
Sep 25, 2020 (LBO) - After a lapse of 28 years the Export Development Council (EDC) was convened under the patronage of President Gotabaya Rajapaksa and Prime …
CA Sri Lanka continues to push companies to adopt integrated reporting
Sep 24, 2020 (LBO) – President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Manil Jayesinghe recently continued to push companies …
‘SriLanka @100’ launched to boost economic prosperity through mid-market firms growth
Sep 24, 2020 (LBO) - Sri Lanka@100, a private sector-led initiative was launched in Colombo on Thursday with the emphasis to enable the island to become a …
Nations Trust Bank goes green with e-Leaflets
Nations Trust Bank is well-known in the banking space for its commitment to digital accessibility and social responsibility. Thus, as the next-step in its …
Central Bank releses ‘Sri Lanka Socio Economic Data – 2020’
“Sri Lanka Socio Economic Data – 2020”, the annually published data folder of the Central Bank of Sri Lanka, is now available for public information. The …
Opinion: Driving Value through mastering Internal Capital Adequacy Assessment Process
By Rajith Perera, Partner/Principal, Financial Accounting Advisory Services, Ernst & Young, Sri Lanka COVID-19 pandemic represents the biggest test of the …