Sri Lanka to establish an Expressway Investment Company
Oct 13, 2020 (LBO) – Sri Lanka’s cabinet nod has been received to establish an Expressway Investment Company in such a way that the company is able to …
Industry
An employee of SriLankan Cargo operations division tested positive for COVID-19
Oct 12, 2020 (LBO) – SriLankan Airlines confirmed that an employee of the airline at SriLankan Cargo operations division at the Bandaranaike International …
SLs trade institutions to leverage statistics backed analysis for better policy
The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka successfully completed a specialized training in …
John Keells Properties unveils residential developments at Victoria Golf & Country Resort
Oct 12, 2020 (LBO) – John Keells Properties (JKP) unveiled plans for the development of exclusive townhouses and bespoke luxury villas at the …
Sri Lanka trade deficit improves in Aug 2020
Oct 12, 2020 (LBO) – Sri Lanka’s trade deficit improved on a year-on-year basis with the deficit in the trade account in August 2020 narrowing to …
Sri Lanka and China discuss economic revival and COVID-19 assistance
Oct 11, 2020 (LBO) – As part of the Government’s sustained efforts at strengthening neighbourly relations, the Foreign Ministry facilitated on Friday …
Fitch publishes Lakdhanavi Limited’s first time ‘AA+(lka)’ rating
Oct 11, 2020 (LBO) – Fitch Ratings has published Sri Lanka-based power producer Lakdhanavi Limited’s first-time National Long-Term Rating of …
Brandix stands firm that it followed all quarantine protocols
Oct 11, 2020 (LBO) – Brandix on Sunday said that they can confirm with proof that all stipulated protocol was followed concerning their employees and …
President requests China to participate in Sri Lanka’s tea auction; open market for SL items
Oct 09, 2020 (LBO) – Sri Lanka’s President Gotabaya Rajapaksa requests China to participate in Sri Lanka’s tea auction as it will be a major boost to …
China to recommence discussions on FTA with Sri Lanka
Oct 09, 2020 (LBO) – Plans afoot to recommence discussions on China – Sri Lanka Free Trade Agreement and to complete the Hambantota Industrial Scheme …
Registrar of Companies Dept. temporarily closes to public
Oct 09, 2020 (LBO) – The Department of Registrar of Companies has decided to temporarily suspend the entry of public to the premises until further …
WB says SL economy to contract by 6.7-pct in 2020, Smart policies for informal workers key for recovery
Oct 08, 2020 (LBO) – The COVID-19 crisis in Sri Lanka has substantially clouded the outlook and exacerbated an already challenging macroeconomic …
UNDP and VTA partner for skills development of youth
Oct 08, 2020 (LBO) – The United Nations Development Programme (UNDP) and the Vocational Training Authority of Sri Lanka (VTA) signed a Memorandum of …
Chinese delegation to visit Colombo today
Oct 08, 2020 (LBO) – A high-powered Chinese delegation led by former Chinese Foreign Minister and the current Communist Party Political Bureau member his …
Cabinet approves new orders for ‘Special Deposit Accounts’
Oct 07, 2020 (LBO) – The approval of the Cabinet of Ministers was granted at their meeting held in April 2020 for the issuance of orders under the …
Fitch places Abans Finance’s ‘BB+(lka)’ rating on Rating Watch Evolving
Oct 07, 2020 (LBO) – Fitch Ratings has placed Abans Finance PLC’s (AFP) National Long-Term Rating of ‘BB+(lka)’ on Rating Watch Evolving …
SLRA concludes webinars on recovering sales and profitability after the COVID pandemic
The Sri Lankan Retailers Association, the apex body for organised retailing in Sri Lanka, with a view to uplift the industry post COVID, carried out a series …
Ananda Sirisena & Co to launch Sri Lanka’s first-ever Company Secretarial App
Oct 07, 2020 (LBO) – With over 30 years of service to local and global clientele, renowned company secretaries Ananda Sirisena and Company (Private) Limited, …
Commercial Bank receives USD 50Mn equity from International Finance Corporation
Oct 07, 2020 (LBO) – The Commercial Bank of Ceylon has announced the completion of all formalities relating to the private placement of shares with the …
SL Tourism and Australia’s MDF to develop 5 year plan for tourism research
Oct 06, 2020 (LBO) – Sri Lanka Tourism Development Authority (SLTDA) and Australia’s Market Development Facility (MDF) have joined hands to develop a …