Lanka Credit and Business Finance Limited IPO oversubscribed
Lanka Credit and Business Finance Limited (LCBF) initial public offering (IPO) for a total issue of 125,000,000 ordinary voting shares at an issue price of …
Industry
SL welcomes French FDI in development project tourism and hospitality sectors
State Minister of Regional Cooperation Tharaka Balasuriya, Chairman BOI Sanjaya Mohottala, had several high-level discussions in Paris, France from 05-11 …
MTI unveils National ICT Eco-System Framework
Given the criticality of ICT (Information & Communication Technology) to a Nation’s Economic Development, MTI has unveiled a National ICT Eco-System …
Pacific Textiles Chairman Masaru Okutomi appointed Director of Teejay Lanka
Teejay Lanka PLC has announced the appointment of Masaru Okutomi, the Chairman and CEO of Pacific Textile Holdings Limited of Hong Kong, as a non-executive …
Eran queries purpose of maintaining COPE if it cannot take actions
SJB MP Eran Wickremaratne speaking on the debate on COPE report in Parliament expressing his dismay said it was unfortunate that the COPE committee appointed …
CICT declared Asia’s Best Container Terminal under 4 million TEUs category
Colombo International Container Terminals (CICT) has continued its winning streak on the global stage by winning the award for the ‘Best Container Terminal …
PickMe named amongst the World’s Most Agile
This year’s World Agility Forum nominated PickMe for the Best Agile Transformation Initiative award, placing this innovative ride hailing company amongst the …
SL energy crisis needs streamlined long term policy framework from CEB: Snr Engineers Ass
Senior Engineers of CEB has launched a new movement to uphold policy consistency Plans to focus Energy Crisis in Sri Lanka through expediting the construction …
Rapid development for communication infrastructure in remote areas
President Gotabaya Rajapaksa’s goal is to utilize the telecommunication development fees to develop the communication infrastructure in remote areas, …
Experts discuss framing a green development pathway for Sri Lanka
Experts from the government, private sector, UN agencies, think tanks, and other development partners, came together at this week’s kickstarter sessions of …
New Circular on issuing mining, transportation & trade permits for metals, sand, soil, gravel & clay
A new Circular will be issued to give effect to the process of issuance of permits for mining, transportation and trade of metals, sand, soil, gravel and clay. …
Fitch Downgrades Bimputh Finance to ‘CC(lka)’; Removes Negative Watch
Fitch Ratings has downgraded Bimputh Finance PLC’s National Long-Term Rating to ‘CC(lka)’ from ‘B-(lka)’. The rating has been …
USAID’s Private Sector Development project signs MOU with HNB to expand financing to MSMEs
The U.S. Agency for International Development’s (USAID) Private Sector Development project signed a Memorandum of Understanding (MOU) with Hatton National …
Swarnamahal Financial Services to resume business for 6 months for limited purpose
The Monetary Board of the Central Bank has made an order permitting Swarnamahal Financial Services PLC (SFSP) to resume business for a limited period of six …
Sri Lanka 2022 budget appropriation bill initial observations: ICRA
Key takeaways § Decline in total expenditure is achieved at the expense of the capital spending § Capital heavy ministries take capex …
Video Interview: Women in leadership – Sonali Dharmawardene
Continuing with our women in leadership interview series, this month LBO is featuring Sonali Dharmawardene, a very sucessful fashion designer and entrepreuner …
UNDP introduces Colombo development dialogues on green development
Rapid socio-economic, technological, environmental, and other changes around the world have posed unprecedented challenges to us all. These challenges are …
Legal validity of digital signatures highlighted
Digital Signatures have been in use in Sri Lanka since 2009, however, due to the outbreak of the pandemic and travel restrictions, signing documents physically …
Interview: Futureproofing banking sector through digital-first mindset
There is a good reason why digitalisation is a top priority for banking. When done correctly, it enables paradigm shifting improvements in customer experience …
Sri Lanka gets USD 110Mn for health systems enhancement project from ADB
The Government of Sri Lanka decided to borrow a loan amounting to USD 110 million from ADB and a grant of USD 03 million, provided by ADB-managed Japanese Fund …