CSE trading halted temporarily: Trading to re-commence by 10.12 am
Mar 10, 2020 (LBO) - Trading at Sri Lanka's Colombo Stock Exchange (CSE) has been halted temporarily following the S and P index dropping below 5 percent, …
Companies
SriLankan Airlines suspends flights to Kuwait : Qatar suspends travel to and from island
Mar 10, 2020 (LBO) - SriLankan Airlines has suspended its services between Sri Lanka and Kuwait from 6 March to 12 March. The move is following a decision by …
Women in the workforce and why it matters for Sri Lanka: World Bank
To mark this year’s International Women’s day, we're discussing how Sri Lanka can benefit from more women joining the workforce and what can be done to …
AXIATA digital labs embarks on successful journey as digital service provider
Mar 10, 2020 (LBO) - AXIATA Digital Labs (ADL), a subsidiary of the AXIATA Group, Berhad, Malaysia has emerged as a ground breaking digital start-up providing …
Emirates introduces generous waiver policy
Mar 10, 2020 (LBO) - Emirates is providing customers more flexibility, choice and value through its newly introduced waiver policy for all booked tickets …
It’s more difficult to register a small business than a limited company: Report
Mar 06, 2020 (LBO) - Advocata Institute launching its report on regulations to small business and red tape project called for the removing of legal and …
Huawei signs MOU with Sri Lanka’s Moratuwa University to enhance ICT knowledge transformation
Mar 06, 2020 (LBO) - Huawei Sri Lanka and University of Moratuwa (UOM) entered into a Memorandum of Understanding (MoU) to enable the educated and talented …
COVID-19 outbreak likely to affect Sri Lanka’s economic performance : Central Bank
Mar 05, 2020 (LBO) - The exact impact on the Sri Lankan Economy would depend on the extent of the global spread of the COVID-19 outbreak, its persistence and …
Policy interest rates of Central Bank of Sri Lanka to remain unchanged
Mar 05, 2020 (LBO) - The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 04 March 2020, decided to maintain the Standing Deposit …
Sri Lanka national tea sale average up in Feb 2020; Highest since April 2018
Mar 05, 2020 (LBO) - National average for the month of February 2020 totalled Rs. 601.91 vis-à-vis Rs. 588.85 of January 2020, showing an increase of Rs. …
Our people-centric economic model aims at overcoming development slowdown:President
Mar 05, 2020 (LBO) - Accelerating our economic development is the primary challenge facing Sri Lanka today and most of the security issues that Sri Lanka has …
Sri Lanka Finance companies face added regulatory pressure
Mar 03, 2020 (LBO) - Sri Lanka's finance and leasing sector will face added pressure for consolidation as deadlines for the implementation of tougher …
Sanjaya Mohottala assumes duties as DG, BOI
Sanjaya Mohottala yesterday assumed duties as the new Director General of the Board of Investment of Sri Lanka. Mohottala was a Managing Director and Partner …
Securities and Exchange Commission DG removed with immediate effect
Mar 02, 2020 (LBO) - Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane, appointed in 2015 with an overall service to the …
Melstacorp’s healthcare expansion to diversify cash flow: Fitch Ratings
Feb 28, 2020 (LBO) – Melstacorp PLC's foray into the Sri Lankan healthcare industry will help diversify its cash flows away from its focus on spirits over …
HNB clinches top spot on Business Today rankings
HNB PLC secured the No. 1 ranking on the prestigious ‘Business Today Top 30’, further consolidating on a remarkable reputation for excellence and a legacy …
New ADB head pledges to support development in public and private sectors
Feb 25, 2020 (LBO) - The new Asian Development Bank (ADB) Country Director in Sri Lanka, Chen Chen, assumed office in Colombo Monday. “I am honored to assume …
Seylan Bank closes 2019 with Rs3.68Bn profit; crosses Rs500Bn in total assets
In the backdrop of challenging external environment, Seylan Bank recorded a profit after tax of Rs.3.68 Bn for the year ended 31st December 2019. Successful …
Mobitel introduces latest Apple iPad 2 and watch
As the authorized reseller for apple devices ranging from iPhones, iPads, Apple watches, Mobitel is introducing the next generation Apple iPads and Apple Watch …
Commercial Bank profits marginally up in December quarter
Feb 24, 2020 (LBO) – Sri Lanka’s Commercial Bank group reported a net profit of 5.9 billion rupees showing a marginal improvement of equity holder’s …