Abans Finance (AFSL) reports modest profit, deposits at 6.5bn, balance sheet shrinks sequentially
August 13, 2018 (LBO) – Colombo Stock Exchange listed Abans Finance PLC (AFSL) released quarterly results for the period ended June 2018. The CBSL …
Industry
Sri Lanka hikes premium fuel prices
Aug 10, 2018 (LBO) – Sri Lanka has increased the prices of petrol (95) by 2.00 rupees to 167 rupees and super diesel by 1.00 rupee to 130 rupees, the …
Technical Cooperation Project from JICA for development of Kandy
Aug 10, 2018 (LBO) – The Urban Development Authority (UDA) of Sri Lanka and Japan International Cooperation Agency (JICA) have been working together …
Pan Asia Bank PAT tops Rs.800Mn in 1H 2018
Aug 10, 2018 (LBO) – Pan Asia Banking Corporation PLC reported its best ever profit recorded in a first half in 2018 anchored by solid growth in new …
Oracle Cloud powering Sri Lankan organizations to transform and innovate
Aug 10, 2018 (LBO) – Three of Sri Lanka’s most prominent companies shared how they are transforming their businesses and accelerating the adoption of …
Sri Lanka Tourism launches Airbnb Experiences to help boost tourism
Aug, 10, 2018 (LBO) – Airbnb and the Sri Lanka Tourism Development Authority (SLTDA), the national tourism ministry, Thursday announced a strategic …
CSE’s Depository arm CDS capitalizing on technology to diversify business
Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) is announcing a number of new offerings focused on …
Dialog approves nominee director from Axiata Group Berhad; 2Q profits up
Aug 09, 2018 (LBO) – Dialog Axiata has approved the appointment of Dato’ Mohd Izzaddin Idris as a Non-Executive Director to the board of Dialog, as a …
Advantis Engineering partners ATAD Steel Structure Corporation to improve construction solutions in Sri Lanka
Advantis Engineering, a subsidiary of Hayleys Advantis Limited, recently entered into a Memorandum of Understanding (MOU) with global pre-engineered building …
Sri Lanka to do feasibility study for domestic airport in Kandy
Aug 09, 2018 (LBO) – Sri Lanka’s cabinet of ministers has given the nod to conduct a feasibility study on building a domestic airport in Kandy …
LSEG Technology voted Best Execution Management System Provider
• LSEG’s Millennium Exchange product recognised at 16thAnnual Waters Technology awards as Best Execution Management System • Voted for by readership of …
Tourist arrivals to Sri Lanka up 6-pct in July 2018
Aug 07, 2018 (LBO) – Tourist arrivals in Sri Lanka were up six percent to 217,829 in July 2018 from a year earlier, with double digit growth in the …
Land area of Mirigama Export Processing Zone to be expanded by 108 acres
Aug 07, 2018 (LBO) – Sri Lanka’s Board of investment says the Mirigama Export Processing Zone is presently expanding its land area by another 108 Acres, …
Fin Min says NO changes for doctors paye tax only amend expenditure calculation process
Aug 07, 2018 (LBO) – The Finance Ministry yesterday announced the income tax level of doctors had not been reduced from 24 percent to 15 percent, but an …
Sr Lanka’s Nations Trust Bank Records PAT of Rs1,875Mn
Aug 07, 2018 (LBO) – The Nations Trust Bank closed the six months period ending June 30, 2018 with a post-tax profit of 1,875 million rupees and a …
COPE summons CEB, PUCSL and Power Ministry over private power purchases
Aug 06, 2018 (LBO) – The Committee on Public Enterprises (COPE), has summoned Ceylon Electricity Board (CEB), Ministry of Power and Renewable Energy and …
Sri Lanka’s female unemployment on the rise
Aug 06, 2018 (LBO) – Sri Lanka’s unemployment in the first quarter of 2018, rose to 4.5 percent, up from 4.1 percent a year earlier, with female …
Sampath Group pre-tax profit exceeds Rs10Bn for first half of 2018
(PRESS RELEASE) – Sampath Bank’s Group pretax profit for the first half of the year exceeded Rs 10.3 Bn (28.2% growth) while Sampath Bank recorded a …
LOLC Finance, Mobitel to offer Digital Loans to customers via mCash
Reinforcing its market leadership and strengthening its partner base, Mobitel has joined hands with LOLC Finance PLC to offer Digital Loans for the first time …
Ceylon Motor Traders Association says they understand duty increase in small cars
Aug 03, 2018 (LBO) – Ceylon Motor Traders Association (CMTA) on Friday said they understand the Government’s policy decision taken recently to increase …