Category: Industry
Colombo District Land Valuations Indicator records 10.4-pct increase in 2H 2019
Feb 27, 2020 (LBO) – Land Valuations Indicator (LVI) for Colombo District compiled by the Central Bank has reached 138.9 during the 2nd half of 2019, recording an increase of 10.4 percent compared to the 2nd half of 2018. All three sub-indicators of LVI, namely Residential, Commercial and Industrial have contributed to this increase. Residential […]
Simplified payment solution for SMEs in Sri Lanka : Seylan Bank
Interview with Chaminda Senewiratne, head of digital banking, Seylan Bank ……. Could you briefly explain what “Seylan merchant portal” is? “Seylan merchant portal” is a Seylan Bank developed easy plug and play online payment gateway for small and mid-level business owners. The portal allows merchants to collect online payments through their website allowing them to […]
SLTDA and BOI sign MoU to enhance cooperation between agencies
Feb 27, 2020 (LBO) – Sri Lanka Tourism Development Authority (SLTDA) and Board of Investment (BOI) signed a memorandum of understanding (MoU) to enhance the cooperation between the two agencies to reduce time and costs for foreign and domestic investors by streamlining the SLTDA and BOI investment approval processes. The signing took place at a […]
‘s main power outages
Feb 26, 2020 (LBO) – Continuous fuel supply from Ceylon Petroleum Corporation (CPC) has become the principal deciding factor for an uninterrupted power supply in Sri Lanka, a recent report highlighted. According to the latest power outage report of the Ceylon Electricity Board (CEB), exceeded credit limits have left the CPC with no other option […]
International festival of creativity, ‘Epica Awards Sri Lanka’ debuts 5-6 March
Feb 26, 2020 (LBO) – For the first time in Epica Awards’ 33 years history, Epica Awards Sri Lanka will take place between the 5th and 6th of March 2020. Epica Awards is the only global award show judged solely by journalists. With over 200 journalists on the judging panel and over 4,000 entries submitted, it is […]
HNB posts group PAT of Rs. 15Bn
Feb 26, 2020 (LBO) – HNB PLC weathered external headwinds in 2019 to post 15 billion rupees in Group Profit After Taxes (PAT) and 14 billion rupees in Bank PAT and remains the best capitalized bank in the sector. HNB Chairman Dinesh Weerakkody stated that “the year that preceded us has been extremely challenging with […]
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 of innovation in the Sri Lankan banking industry. The award was presented to HNB Chairman, Dinesh Weerakkody and HNB Managing Director/CEO, Jonathan Alles by Chief Guest at the Business Today […]
SLTB deploys 16 luxury buses to operate Hambantota – Colombo expressway
Feb 25, 2020 (LBO) – Sri Lanka Transport Board (SLTB) has deployed 16 luxury buses to operate along the Hambantota – Colombo expressway. The deployment of buses took place this morning at the Hambantota bus stand with the participation of the Transport Minister Mahinda Amaraweera. These buses are to be operated on the expressway from […]
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 the role of Country Director at ADB’s Sri Lanka Resident Mission. I have had the opportunity of managing ADB’s transport sector portfolio in Sri Lanka in the […]
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 and oversubscribed Rights Issue made during the last quarter for LKR 4.30 Bn which followed a similarly successful debenture issue earlier in the year endorsed and demonstrated the confidence placed […]
SLPA signs consultancy deal to conduct feasibility for Colombo North Port
Feb 24, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) has signed the consultancy service agreement to conduct a feasibility study for the proposed Colombo North Port development project. SLPA said in a statement that they have signed the agreement with AECOM Infrastructure & Environment UK Limited on 20 February 2020. SLPA needs a long […]
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 Series 5 to the local market. Further consolidating its position as the preferred and trusted partner for apple devices. Customers can now purchase their favorite iPads and Watches at selected Mobitel […]