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Sri Lanka to supply free domestic power connections to resettled families in the North and East

Sri Lanka to supply free domestic power connections to resettled families in the North and East

Aug 03, 2015 (LBO) – Sri Lanka’s government plans to restore provision of electricity connections free of charge to 20,000 resettled families in the North, …

August 3, 2015 | Banking and Finance | Read More
Sri Lanka private sector credit growth expands, Policy rates to be maintained: Central Bank

Sri Lanka private sector credit growth expands, Policy rates to be maintained: Central Bank

July 24, 2015 (LBO) – Sri Lanka Central Bank says credit to the private sector by commercial banks grew by 17.6 per cent, year-on-year, in May 2015, given …

July 24, 2015 | Policy | Read More
Sri Lanka’s official reserves USD 6.8bn in May 2015

Sri Lanka’s official reserves USD 6.8bn in May 2015

July 23, 2015 (LBO) – Sri Lanka’s gross official reserves stood at 6.8 billion US dollars in May 2015, equivalent to 4.2 months of imports, while total …

July 23, 2015 | Economy | Read More
SMEs to drive banking loan growth going forward: Asia Securities

SMEs to drive banking loan growth going forward: Asia Securities

June 19, 2015 (LBO) – Sri Lanka Asia Securities says that small and medium enterprises (SME) will drive banking loan growth going forward. “The SME sector …

June 19, 2015 | Banking and Finance | Read More
Cabinet approves to pay Golden Key depositors

Cabinet approves to pay Golden Key depositors

June 18, 2015 (LBO) – Sri Lanka’s government has given approval for the repayment mechanism of the golden key depositors which was submitted by Prime …

June 18, 2015 | Companies | 0 | Read More
Int’l bids to be opened for cross country oil pipeline

Int’l bids to be opened for cross country oil pipeline

June 18, 2015 (LBO) – Sri Lanka’s government to call for an open international tender to construct a new pipeline network that carries oil from Colombo …

June 18, 2015 | Petroleum | Read More
Sri Lanka’s NDB debenture oversubscribed

Sri Lanka’s NDB debenture oversubscribed

June 17,2015 (LBO) – Sri Lanka’s National Development Bank’s debt issue was oversubscribed reciving 10 billion rupees during the early hours of the …

June 17, 2015 | Companies | Read More
Sri Lanka bloated public sector needs HR reforms to create national prosperity: HR expert

Sri Lanka bloated public sector needs HR reforms to create national prosperity: HR expert

June 17, 2015 (LBO) – Sri Lanka’s laid back public sector needs human resource reforms to help the country move forward and create national prosperity, a …

June 17, 2015 | General Services | Read More
Singer Finance to enter the Credit Card business

Singer Finance to enter the Credit Card business

June 15, 2015 (LBO) – Sri Lanka’s Singer Finance said it plans to launch a credit card in the latter half of this year targeting rural consumers, the …

June 15, 2015 | Companies | Read More
Sri Lanka Tourism – Korean Air to promote South Korean market to double the visitors

Sri Lanka Tourism – Korean Air to promote South Korean market to double the visitors

June 15, 2015 (LBO) – Sri Lanka tourism promotion bureau joined hands with Korea Airlines to promote tourism to the South Korean market in order to double …

June 15, 2015 | Tourism | Read More
Sri Lanka’s Global Glass to set up Double and Triple Glazed Units, Plans for regional exports

Sri Lanka’s Global Glass to set up Double and Triple Glazed Units, Plans for regional exports

June 12, 2015 (LBO) – Sri Lanka’s Globe Mirror Industries, a glass merchant and a processor, rebranded as Globe Glass, said that it plans to set up a …

June 12, 2015 | Companies | Read More
Sri Lanka Central Bank establishes legal and compliance Dept

Sri Lanka Central Bank establishes legal and compliance Dept

June 12, 2015 (LBO) – The Central Bank of Sri Lanka said that it has established a ‘legal and compliance department’ to entrust the discharge of duties …

June 12, 2015 | Banking and Finance | Read More
Lanka Rating Agency Restrained By SEC from providing new ratings

Lanka Rating Agency Restrained By SEC from providing new ratings

June 4, 2015 (LBO) -The Securities & Exchange Commission of Sri Lanka (SEC) has taken steps to restrain Lanka Rating Agency Ltd from providing new ratings …

June 4, 2015 | Companies | Read More
Sri Lanka’s T-bill yields close flat on Wednesday

Sri Lanka’s T-bill yields close flat on Wednesday

June 3, 2015 (LBO) – Sri Lanka’s Treasury bill yields close flat at Wednesday’s auction with 3-months yield unchanged at 6.07 percent while 6-month …

June 3, 2015 | Bills & Bonds | Read More
Ceylon Cold Stores Says Health Concerns May Impact Carbonated Soft Drink Market

Ceylon Cold Stores Says Health Concerns May Impact Carbonated Soft Drink Market

June 3, 2015 (LBO) – Sri Lanka’s Ceylon Cold Stores says that the growth potential for carbonated soft drinks may be limited due to growing health concerns …

June 3, 2015 | Companies | Read More
Sri Lanka needs out of the box thinking to face airline industry challenges: SriLankan CEO

Sri Lanka needs out of the box thinking to face airline industry challenges: SriLankan CEO

June 3, 2015 (LBO) – Sri Lanka’s state run airline needs to think out of the box to keep up with rapidly changing industry trends, the new Chief …

June 3, 2015 | Aviation | 0 | Read More

Sri Lanka’s Finance Minister ready to debate with former Finance Minister, Rajapaksa

June 3, 2015 (LBO) – Sri Lanka new administration’s Finance Minister Ravi Karunanayake said that he is ready to participate in a public debate on the …

June 3, 2015 | Politics | Read More

Sri Lanka asked exporters, expats to bring dollars back to the Island: Promised a higher interest rate

June 01, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake urged all Sri Lankan exporters and expatriates to bring their money back to the …

June 1, 2015 | Economy | Read More
Sri Lanka Treasury bill yields dropped: Central Bank

Sri Lanka Treasury bill yields dropped: Central Bank

May 27, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with 3-months yield dropping 01 basis points to 6.07 percent …

May 27, 2015 | Bills & Bonds | Read More
Sri Lanka’s business chamber calls for early election, says overseas business community is concerned

Sri Lanka’s business chamber calls for early election, says overseas business community is concerned

Mar 26,2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said, that the government should calls for early parliamentary election without a delay , so …

May 26, 2015 | Politics | Read More
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