SriLankan Airlines incurs to Rs.13Bn loss in first 4 months of 2019
Jul 02, 2019 (LBO) – State-run SriLankan Airlines total loss has increased to 12,961 million rupees in the first four months of 2019, a new report said. …
Industry
Fitch affirms 5 Sri Lankan finance companies; revises outlook on MIF to negative
July 01, 2019 (LBO) – Fitch Ratings has revised the Outlook on Mercantile Investments and Finance PLC (MIF) to Negative from Stable and has affirmed the …
Ceylon Chamber of Commerce inducts Hans Wijayasuriya as its new Chairperson
Jun 29, 2019 (LBO) – The Ceylon Chamber of Commerce inducted Hans Wijayasuriya as its new Chairperson during its 180th AGM on Friday. Dr. Wijayasuriya, who …
SLASSCOM and AWS collaborate to position Sri Lanka as hub for data science and AI
Jun 28, 2019 (LBO) – To position Sri Lanka as a hub for data science and artificial intelligence (AI) skills, the Sri Lanka Association of Software and …
Land prices in greater Colombo increase up to 64-pct: Lanka Property Web report
Jun 28, 2019 (LBO) – Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in …
Sri Lankan banks face rising NPLs, capital pressure: Fitch Ratings
Jun 28, 2019 (LBO) – Sri Lankan banks face further increases in non-performing loans (NPLs) this year as the macro-economic environment remains difficult, …
ComBank announces ‘Nil Margin’ LCs for vehicle permit holders
The Commercial Bank of Ceylon has launched a scheme for government officers with vehicle permits, offering reduced interest rates on vehicle loans and leases …
People’s Bank will not be privatized: Finance Minister
Jun 26, 2019 (LBO) – Sri Lanka’s Finance Minister says that the recent news report in the media quoting an opposition Parliamentarian to the effect …
FastTrack Summer Internship Programme relaunched with Brandix, Fonterra & JKH to inspire young talent
Brandix Apparel Limited, Fonterra Brands Lanka (Pvt.) Ltd. and John Keells Holdings PLC held the orientation for fifteen diverse, talented interns today (25th …
Yarl Geek Challenge and Arima Technologies Bringing Silicon Valley to Jaffna
By Jekhan Aruliah “That which doesn’t kill you makes you stronger”, a much used saying originating from the 19th Century German philosopher Friedrich …
Minister seeks cabinet intervention as consumer group charges CEB over salary hike
Jun 25, 2019 (LBO) – Sri Lanka’s Power Minister is reportedly to present a cabinet paper to obtain the approval of the cabinet to rectify the errors in …
Comm Bank commences acceptance of LankaPay-JCB cards
Jun 25, 2019 (LBO) – Sri Lanka’s Commercial Bank of Ceylon has become one of the first banks in Sri Lanka to have its point-of-sale (POS) network …
Hyrax Oil lubricant blending plant declared open in Muthurajawela
Jun 24, 2019 (LBO) – Prime Minister Ranil Wickremesinghe declared open the Hyrax Oil lubricant blending plant in Muthurajawela today. The is the second of …
ICRA Lanka assigns AAA rating with stable outlook to National Savings Bank
Jun 24, 2019 (LBO) – ICRA Lanka Limited has assigned the issuer rating of [SL] AAA with stable outlook to National Savings Bank. Rationale The rating takes …
200 MICE travelers from Chennai arrived Sri Lanka
Jun 24, 2019 (LBO) – SriLankan Airlines in an effort to improve tourism between India and Sri Lanka organized a MICE promotions activity by bringing in 200 …
Access Engineering (AEL) director sells Rs400mn worth of stock
June 22, 2019 (LBO) – Colombo Stock Exchange (CSE) listed Access Engineering (AEL) in a stock market disclosure reported that a non-executive director …
Expolanka, HNB Assurance, Janashakthi, Melstacorp in new S&P Sri Lanka 20 Index
Jun 21, 2019 (LBO) – Colombo Stock Exchange (CSE) announces changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2019 …
CICT voted best container terminal in Asia
Jun 21, 2019 (LBO) – The CMPort managed Colombo International Container Terminal (CICT), the only deep water terminal in the Port of Colombo, has been …
Samsung brings world’s first QLED 8K TV to Sri Lanka in partnership with Jaguar Land Rover
Samsung Sri Lanka today launched the world’s first QLED 8K TV in Sri Lanka in partnership with SML Frontier Automotive, sole agents for Jaguar Land Rover in …
Sri Lanka wins “Best Folklore Performance Award” at Seoul tourism fair
The Embassy of Sri Lanka in Republic of Korea in association with the Sri Lanka Tourism Promotion Bureau (SLTPB) organized Sri Lanka’s pavilion at the Seoul …