Lanka Sathosa manages to cut down its annual losses by around 60-pct during 2020
Dec 30, 2020 (LBO) – Lanka Sathosa Limited, the country’s largest retail network business, registered a profit of around Rs.100 million for the month of …
Industry
Cinemas in Sri Lanka to reopen under strict safety guidelines
Dec 28, 2020 (LBO) – Prime Minister Mahinda Rajapaksa has advised reopening cinemas in compliance with strict COVID-19 safety guidelines. The Film Industry …
APPRECIATION DION JAYASURIYA
I was overcome with grief when the passing away of my dear friend Dion was conveyed to me by phone on the morning of 18th December 2020. Death is …
RPCs submit new proposal aimed at transforming earnings in Plantation sector
Dec 23, 2020 (LBO) – Taking a cue from the success of the smallholder sector, Sri Lanka’s Regional Plantation Companies (RPCs) handed over fresh …
What the Diaspora can do for Sri Lanka: Chris Ponnadurai, Jetwing Jaffna’s founding General Manager
By Jekhan Aruliah An appreciation on the retirement of a man who fled Sri Lanka’s communal riots in 1984 to settle in Australia, and returned three decades …
SL to re-introduce conditional repatriation in the wake of new strain of Coronavirus
Dec 22, 2020 (LBO) – In the wake of the discovery of a fast spreading new strain of Coronavirus in certain countries, the Government has decided to continue …
Asia Capital to buy 70-pct stake of Navara Capital Partners to re-enter stock broking business
Asia Capital PLC (ACAP) the country’s leading and pioneering investment banking house recently announced to Colombo Stock Exchange (CSE) that the company has …
Arrival of passengers from UK suspended with effect from today
Dec 22, 2020 (LBO) – President Gotabaya Rajapaksa today (22) decided to suspend the arrival of passengers from the United Kingdom with effect from today due …
Does Sri Lanka need a regulator for utility industry
Former Chairman of PUCSL, Attorney at Law, Saliya Mathew writes Being a utility regulator has perils because the independence of the regulator necessarily …
Power mafia is conspiring to shut down PUCSL: National Coalition for Protection of Civil Rights
Dec 21, 2020 (LBO) – Electricity Mafia is conspiring to shut down the Public Utilities Commission of Sri Lanka as the Commission will not approve illegal …
Spectrify AI to launch agri-tech revolution in Sri Lanka
Spectrify AI, a part of VeracityAI Sri Lanka’s fastest going AI company announced the launch of a new suite of solutions specifically designed to radically …
Mastercard partners with Sri Lanka Tourism Promotion Bureau to help revive tourism
Expanding on its longstanding partnership with the Sri Lanka Tourism Promotion Bureau (SLTPB), Mastercard today announced that it has entered into an agreement …
Foreign Minister underscores importance of economic partnership with Indonesia
Ambassador of Indonesia in Colombo I. Gusti Ngurah Ardiyasa paid a courtesy call on Foreign Minister Dinesh Gunawardena at the Foreign Ministry recently. …
SLRA to host Asia Pacific Retail Convention and Exhibition 2024
Sri Lanka Retailers’ Association (SLRA) aims to be the apex body of the retail industry in Sri Lanka with an ambitious vision of ‘Achieving Retail …
Opinion: Decoding Sri Lanka’s fintech regulatory sandbox
By Imesha Dissanayake The sandbox concept evolved from the children’s learning game, vindicating the old “test and learn” approach to foster innovation. …
Strategic Economic Partnership to boost business opportunities with Thailand
Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan paid a courtesy call on Foreign Minister Dinesh Gunawardena recently and discussed ways of …
PUCSL did not cause a delay in implementing the power generation plans
Not limiting to the approval of Power Generation Plan the Commission urged the relevant parties to implement the power generation plans without a delay The …
Supplementary festival credit facility for employees in public and pvt sector
President has directed to provide a Supplementary Festival Credit facility to all interested employees in the public and private sector as well as Samurdhi …
Challenging operating environment to weigh on Sri Lankan Banks
Sluggish economic activity, external and domestic vulnerabilities, muted private credit growth and the sovereign’s weakened credit profile are …
Renuka Holdings rights issue raises over Rs 1bn
Dec 17, 2020 (LBO) – Renuka Holdings PLC’s rights issue concluded on the 16 of December raising 1.082 Bn, higher than the required 1.03 Bn for the complete …