Sampath Bank says ‘incident’ reported in media already corrected
Jan 29, 2019 (LBO) – Sampath Bank says they have already taken appropriate measures to correct what they called an ‘incident’ occurred several months …
Industry
Sri Lanka reserves at USD7.0Bn
Jan 29, 2019 (LBO) – Sri Lanka Governments’s gross official reserves stood at US dollars 7.0 billion which was equivalent to 3.7 months of imports …
Sri Lanka exports grow 4.1-pct USD980Mn in Nov 2018
Jan 29, 2019 (LBO) – Sri Lanka’s deficit in the trade account narrowed significantly in November 2018 (year-on-year) following a decline in …
Ground breaking ceremony kicks off construction for TRI-ZEN
Jan 29, 2019 9LBO) – John Keells Properties celebrated the beginning of construction for their newest development, TRI-ZEN, during a special …
Sri Lanka Govt introduces more loans for 3-wheel owners and migrant workers
Jan 28, 2019 (LBO) – The Finance Ministry under the Enterprise Sri Lanka concessionary loan scheme is to introduce further concessionary loans to widen …
5G & competition, key issues for Asia-Pacific Telco investors: Fitch Ratings
Jan 25, 2019 (LBO) – Credit investors in the Asia-Pacific telecommunications sector have key questions on telcos’ growth prospects amidst rising …
Fitch downgrades HDFC Bank to ‘BB+(lka)’ as government support weakening
Jan 24, 2019 (LBO) – Fitch Ratings has downgraded the National Long-Term Rating and senior unsecured debentures of Housing Development Finance Corporation …
Sri Lanka ready to create artificial rain for hydropower generation
Jan 23, 2019 (LBO) – Ceylon Electricity Board and Sri Lanka Air Force today signed a memorandum of understanding to facilitate the project of creating …
Sri Lanka obtains USD200Mn from WB for primary health care system
Jan 23, 2019 (LBO) – Sri Lanka is to obtain USD 200 million from the International Bank for Reconstruction and Development (IBRD) of the World Bank to …
Capitol TwinPeaks construction continues ahead of schedule: Sanken
Jan 23, 2019 (LBO) – Capitol TwinPeaks, the flagship venture of the Sanken Group, located on the Beira lakefront in Colombo 2, forges forward ahead of …
SriLankan Airlines posts Rs40bn net loss for 9 months amid rising fuel prices
Jan 23, 2019 (LBO) – SriLankan Airlines said the net loss for the nine months ended 31 December 2018 was 40 billion rupees (USD135mn) against the loss for …
Chinese cement manufacturer to enter Sri Lankan market
Jan 23, 2019 (LBO) – A Chinese cement manufacturer is seeking to set up a new cement plant in the Hambantota Export Processing Zone in Sri Lanka. According …
BOI signs deal for mixed development apartment complex in Colombo 3
Jan 22, 2019 (LBO) – Sri Lanka’s Board of Investment has signed an agreement with HNJ Towers private limited to build a mixed development project …
Facebook focuses on Digital Literacy to improve online safety in Sri Lanka
Facebook’s efforts to tackle misinformation, promote online safety in Sri Lanka and boost digital literacy skills were among several topics debated at a …
Workshop on Hosptality Management by Prominant Consultant and Hotelier
Nirmalan Nagendra, Consultant, Hotel Advisory of KPMG, Colombo was the key speaker at the Hospitality Management Workshop on 11 January 2019, organized …
Central Bank warns public of an ongoing phishing attempt targeting EPF
Jan 18, 2019 (LBO) – Central Bank advice general public and institutions to be alert of a phishing attempt that has been initiated targeting mainly the …
SriLankan fleet has one Airbus not in use; one engine fitted to another aircraft
Jan 18, 2019 (LBO) – SriLankan Airlines revealed that its fleet has one Airbus A330-200 aircraft bearing the serial number MSN-1008 and CAASL registration …
Fitch affirms SriLankan Airlines’ govt guaranteed bonds at ‘B’
Jan 18, 2019 (LBO) – Fitch Ratings has affirmed SriLankan Airlines Limited’s 175 million US dollars 5.3 percent government guaranteed bonds due 2019. …
Govt calls for exploration bids in block M2, Mannar Basin
Jan 18, 2019 (LBO) – Sri Lanka’s government has called for international competitive bids for exploration and development activities in Block M2, …
Sri Lanka manufacturing activities decrease in Dec 2018
Jan 19, 2019 (LBO) – Manufacturing activities increased at a slower rate in December compared to November mainly driven by the slowdown in employment …