Commercial Bank celebrates 100 years of banking in Sri Lanka
Jan 21, 2020 (LBO) – The dreams of the future and the history of the past were interwoven when more than 4,000 staff members from all over Sri Lanka came …
Industry
Startup XpressJobs receives Rs100mn investment from Emerging Media
Jan 20, 2020 (LBO) – Emerging Media, a location-based digital advertising company has invested 100 million rupees in XpressJobs in exchange for a 25 percent …
Port City Colombo successfully achieved 12Mn safe work hours with zero accidents
Jan 20, 2020 (LBO) – Port City Colombo has successfully achieved 12 million safe work hours with zero accidents, according to the ‘2018-2019 Social …
Government institutions to be connected to a single network
Jan 20, 2020 (LBO) – Sri Lanka is to centralize all government institutions through a single data network to ensure a public sector service free of …
President pays attention to social issues relating to Norochcholai Coal Plant
President Gotabaya Rajapaksa mediates to resolve environmental and social issues caused by the Norochcholai Coal Power Plant. He directed that the coal power …
Domestic helicopter flights resume from Galle Face
Jan 17, 2020 (LBO) – Sri Lanka’s government has granted permission for domestic aviation operators to use the helipad at the Galle Face allowing …
Masatsugu Asakawa assumes office as President of Asian Development Bank today
“I am honored to assume the role of ADB President and to begin working in close cooperation with our 68 member countries. ADB has been a trusted partner …
Milford Ceylon buys 19-pct of Softlogic Life
Jan 17, 2020 (LBO) – Milford Ceylon Pvt Ltd., a Mauritius-based fund yesterday bought a 19 percent stake in Softlogic Life Insurance PLC for Rs. 2.6 …
Mobitel & ‘CareerMe’ takes on career guidance for students, teachers and parents
Reiterating its pledge in leading Sri Lanka towards an info com and knowledge rich society, Mobitel, Sri Lanka’s National Mobile Service provider, has …
Fitch Affirms SriLankan Airlines’ Government Guaranteed Bonds at ‘B’
Jan 16, 2020 (LBO) – Fitch Ratings has affirmed SriLankan Airlines Limited’s (SLA) USD175 million government guaranteed 7 percent unsecured bonds …
S&P revises Sri Lanka’s outlook to negative; ratings affirmed at ’B/B’
Jan 16, 2020 (LBO) – Ratings agency Standard & Poor’s said it revised its outlook on Sri Lanka’s credit rating to negative from stable, citing …
China reaffirms steadfast support to Sri Lanka
Jan 16, 2020 (LBO) – The Chinese Foreign Minister and State Councilor Wang Yi met with the Minister of Foreign Relations Dinesh Gunawardena recently and …
Central Bank issues circular to banks about new credit support scheme for SMEs
Jan 14, 2020 (LBO) – Sri Lanka’s Central Bank says that based on the discussions they had with banks, it is observed that the proposed credit support …
Galle Port to be developed as a tourist port with new Yacht Marina Zone
Jan 14, 2020 (LBO) – Sri Lanka will commence the breakwater development of the Port of Galle and to dock all passenger vessels to Galle at the outer port …
Citigroup Global Markets Ltd buys 10.8-pct of Sri Lanka’s John Keells Holdings
Jan 09, 2020 (LBO) – Institutional brokerage services provider Citigroup Global Markets Ltd has purchased the entire stake from Broga Hill Investments, …
Broga Hill Investments sells its stake in John Keells Holdings
Jan 09, 2020 (LBO) – Special-purpose investment vehicle of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, Broga Hill Investments Limited has …
Opinion: Real estate trends 2020, What you need to know to make it big
Lanka Property Web As you are packing up those store-bought Christmas decorations that have been adorning your home throughout the holidays and restoring the …
ICRA Lanka reaffirms long-term & short-term ratings of First Capital Holdings
Jan 09, 2020 (LBO) – ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of …
SriLankan Airlines changes Colombo-London route to avoid airspace of Iran, Iraq
Jan 08, 2020 (LBO) – Due to the prevailing unsettled situation in the Persian Gulf region, SriLankan Airlines has altered the route of its …
Sri Lanka unemployment up to 5.1-pct in Q3 2019
Jan 08, 2020 (LBO) – T h e n u m b e r o f unemployed persons is estimated as 437,797 or 5.1 percent during the third quarter 2019, latest data show. …