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CB introduces real time notifications for transactions in Govt securities via SMS, Email
Apr 08, 2019 (LBO) – Sri Lanka’s Central Bank which operates and maintains the LankaSecure system has introduced an SMS, Email alert service from 25th March 2019 to enhance the awareness of investors in the government securities.The SMS, Email alert is a service that sends real-time notifications to investors in government securities for each and every movement […]
Policy rates could be reduced in future if current trends continue: Central Bank
Apr 08, 2019 (LBO) – Monetary Board of the Central Bank today said that they are of the view that, if the current trends in global financial markets, trade balance, and credit growth continue, policy interest rates could be reduced in the period ahead, given well-anchored inflation and inflation expectations. Projections, as well as inflation expectations, […]
Sri Lanka Central Bank maintains policy interest rates at current levels
Apr 08, 2019 (LBO) – Monetary Board of Sri Lanka’s Central Bank at its meeting held today decided to maintain policy interest rates at their current levels. Accordingly, the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank will remain at 8.00 percent and 9.00 percent, respectively. “The Board […]
EU DELEG issues joint statement reiterating SL to maintain moratorium on death penalty
Apr 08, 2019 (LBO) – The Delegation of the European Union (EU) today issued a joint statement reiterating Sri Lankan government to maintain its moratorium on the death penalty in line with its vote at the 73rd United Nations General Assembly in December 2018. The joint statement has been issued in agreement with the Embassies of France, Germany, […]
DFCC priced rights issue at a 56-pct discount to NAV to attract shareholders: CEO
Apr 08, 2019 (LBO) – Chief Executive Officer of Sri Lanka’s DFCC bank says that they wanted to make the rights issue attractive to shareholders by providing a discount of 56 percent to the net asset value per share. The bank is to issue up to 106,039,075 ordinary shares to the existing shareholders in the […]
Capital TRUST acquires Taxiyak and launches Taxiya
Apr 08, 2019 (LBO) – Capital TRUST Mobility Solutions (Pvt) Ltd, a subsidiary of Capital TRUST Holdings Limited is launching Taxiya, a mobile taxi hailing service. Focusing on safety, reliability, customer convenience and enhanced benefits to the drivers, Taxiya is set to zoom into the future of Sri Lanka’s organized Taxi service industry. Taxiyak was […]
Reuters replies to Planters Association and stands by allegations
Apr 09, 2019 (LBO) – The Thomson Reuters Foundation has responded to The Planters’ Association of Ceylon (PA) statement published on www.lankabusinessonline.lk on 2nd April which claimed that the Reuters article titled ‘Tea Label Giants Vow Probe after Sri Lanka Labour expose’ on tea estates were false. Kieran Guilbart, the Thomson Reuters Foundation commissioning editor, has countered each point […]
Sri Lanka official reserves improve to USD 7.6 billion by end March
Apr 05, 2019 (LBO) – Sri Lanka’s gross official reserves were 7,621.9 million US dollars by the end of March, up from 6,035.16 million US dollars in February this year, latest Central Bank data showed.By the end of March, foreign currency reserves were 6,728.6 million dollars while the reserve position in the IMF was 66.4 […]
Sampath Bank appoints Professor Malik Ranasinghe as Chairman
Professor Malik Ranasinghe, who was the Deputy Chairman of Sampath Bank since August 2016, will take on his new role from the 2nd April 2019 as the Chairman of the bank. Sampath Bank said his rich experience and deep understanding of the Bank’s core values will be invaluable in achieving its objectives. Professor Ranasinghe is […]
Sri Lanka to issue visa on arrival to tourists from 39 countries
Apr 05, 2019 (LBO) – Sri Lanka’s Cabinet of Ministers has approved a proposal to issue visa on arrival to tourists visiting the island from 39 countries. Cabinet has decided to issue these visas on gratis basis as an incentive to attract tourists. The programme will be a pilot project effective for an initial period of […]
Digital Me bags Best Digital Marketing Campaign of year 2018 at SLIM Digis 2018
(PRESS RELEASE) – Digital Me, an emerging Digital Media Company in Sri Lanka was buzzing after being honored at the SLIM Digis Awards ceremony held at Waters Edge last week. Digital Me won the prestigious Gold Award for the Best Digital Marketing Campaign of the year in the category of Retail conducted for Helanka Shoes. The […]
SriLankan Airlines formulates new 5-year Strategic Business Plan
Apr 05, 2019 (LBO) – SriLankan Airlines has formulated a new five-year Strategic Business Plan for the period 2019-24 with the objective of transforming itself into a financially viable organization airline group, a statement said. Issuing a statement the airline said the plan aims to increase brand visibility and a global reputation for excellence, while turning […]