Sathosa to launch first ever state run Loyalty Card tomorrow
Sri Lanka’s first state run FMCG (Fast-Moving Consumer Goods) Loyalty Card will be launched on 8 November by the largest retail supermarket chain in the country, Lanka Sathosa Ltd. Read More »
SEC sues LAUGFS Chairman Wegapitiya for stock market manipulation
The Securities & Exchange Commission of Sri Lanka (SEC) filed action in the Colombo Fort Magistrate’s Court today (05) against Laugfs Gas PLC Chairman W.K.H. Wegapitiya. Read More »
Following ComBank, People’s Bank blocks MTD Walkers takeover
People's Bank has obtained an enjoining order on 23 October from the Commercial High Courts of Colombo preventing MTD Walkers (KAPI) from being taken over by casino operator Ravi Wijeratne. Read More »
Sri Lanka ranked 99th in World Bank Doing Business Index 2020
Sri Lanka has come up one spot from 100th to 99th from among 190 countries on the influential World Bank Doing Business Index for 2020 released today (24). Read More »
Sanken Construction to build 112-room hotel in Colombo
The Board of Investment of Sri Lanka (BOI) has signed an agreement with Sanken Construction (Pvt) Ltd to build and operate a 112 room hotel with an investment value of US$ 9.28 million. Read More »
Havelock City Phase 3 apartments ready for handover
Havelock City has announced that it is ready to handover its Phase 3 Residential Apartments having obtained the Certificate of Conformity (COC) from the Urban Development Authority (UDA). Read More »
CBSL issues license cancellation notice to The Finance Company
The Central Bank of Sri Lanka (CBSL) announced today (23) that it has cancelled the license issued to The Finance Company PLC (TFC) with effect from today following several regulatory actions. Read More »