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 …
Industry
Airtel Lanka appoints Ashish Chandra as Chief Executive Officer & Managing Director
Aug 25, 2020 (LBO) – Airtel Lanka announced the appointment of Ashish Chandra as Chief Executive Officer and Managing Director. In his new role, Ashish has …
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 …
Pearl Energy to set up LNG Hub in Hambantota; aims LNG trading in the region
Aug 24, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Pearl Energy (Pvt) Ltd to launch ‘Hambantota LNG Hub’ – A …
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 …
Softlogic Finance to infuse Rs. 1.9Bn capital through a Rights Issue
Aug 20, 2020 (LBO) – Softlogic Finance, a subsidiary of Softlogic Capital has announced a capital infusion of Rs. 1.9 Billion by way of a Rights Issue. The …
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 …
CBSL revises down caps on interest rates on credit cards, overdrafts & pawning facilities
Aug 20, 2020 (LBO) – Considering bank lending rates of certain financial products which continue to remain high, the Central Bank has decided to revise …
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 …
President kick starts building a people-centric economy
Aug 19, 2020 (LBO) – President Gotabaya Rajapaksa stated that the structures of the State Ministries were formulated with the intention of building a …
Committee appointed to look into irregularities in four state banks during last 5 years
Aug 19, 2020 (LBO) – A committee has been appointed to look into the instances of irregularities and ineffective actions in the four major state banks during …
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 …
CCC launches online marketplace to promote export amid growing demand
Aug 19, 2020 (LBO) – The Ceylon Chamber of Commerce with a view to support companies to promote exports from Sri Lanka, entered into a partnership agreement …
HNB & People’s Bank partner with Sanken Group to finance Capitol TwinPeaks to completion
Hatton National Bank (HNB) and People’s Bank together with the Sanken Group signed an agreement, on 12th August 2020, to ensure balance funding, for the …
Ceylon Electricity Board announces power cut schedule
Aug 18, 2020 (LBO) – Ceylon Electricity Board says they are currently experiencing a severe capacity deficit due to the unavailability of Lakvijaya Power …
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 …