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Asian Hotels (AHPL) reports a revenue decline of 21% in the December quarter

January 28, 2020 (LBO) – Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported a profit of Rs43mn for the December quarter, …

January 28, 2020 (LBO) – Colombo Stock Exchange listed John Keells Hotels (KHL) reported a loss of Rs389mn in the quarter ended last December. …

Jan 28, 2020 (LBO) – Sri Lankan businessman, Ravindranath Srilal Wijeratne, alias Ravi Wijeratne has slipped away from taking over MTD Walkers. …

Jan 28, 2020 (LBO) – Former Chairman of the COPE Committee, JVP Parliamentarian Sunil Handunnetti has written to the President requesting that the …

Jan 28, 2020 (LBO) – Sri Lankan students arriving from Wuhan city of Hubei Province in China will be directed to Diyatalawa army camp for two weeks …

Jan 28, 2020 (LBO) – Sri Lanka has suspended issuing on-arrival visas for Chinese tourists after detecting the first patient with coronavirus in …

Jan 28, 2020 (LBO) – First Capital Research assigns 80 percent probability for no change in policy rates amidst recently provided tax revisions and …

Jan 28, 2020 (LBO) – Sri Lanka’s total car registrations recorded 2,057 units in December 2019 marginally up from 2,030 units in November …

Jan 27, 2020 (LBO) – Sri Lanka’s first-ever floating solar plant with a capacity of 42KW located at the Kilinochchi campus of the Jaffna …

Uber Eats, one of the world’s leading food delivery networks, will soon launch its operations in its third Sri Lankan city – Negombo. With a …

Nipuni Perera Advances in technology have made nearshoring – the practice of shifting production operations to a nearby country closer to the …

Jan 27, 2020 (LBO) – Fitch Ratings has affirmed and withdrawn Sri Lanka-based National Savings Bank’s (NSB) National Long-Term Rating of …

Jan 27, 2020 (LBO) – A committee comprising of 22 highly qualified medical experts appointed by the Health Ministry to prevent the spread of …

Jan 27, 2020 (LBO) – Sri Lanka’s Epidemiology Unit advises the public to adhere to standard health measures needed for the prevention and …

Jan 26, 2020 (LBO) – Acting swiftly on the instructions of the President in the light of the Coronavirus pandemic, SriLankan Airlines has taken …

A high level team from United Nations Industrial Development Organization (UNIDO), Vienna joined by no less than the UN Resident Coordinator Sri …

Star Garment Group, a leading global manufacturing company, announced that it has been certified as CarbonNeutral® by The Sustainable Future Group …

Jan 24, 2020 (LBO) – Pakistan’s Chief of Naval Staff, Admiral Zafar Mahmood Abbasi NI (M) is scheduled to visit Sri Lanka on the invitation of SL …

Jan 24, 2020 (LBO) – Fitch Ratings has affirmed Sir Lanka Telecom PLC’s (SLT) National Long-Term Rating at ‘AA+(Ika)’. The …

Jan 24, 2020 (LBO) – SriLankan Airlines has implemented a series of precautionary measures to mitigate the risks from the current coronavirus …

Jan 24, 2020 (LBO) – Sri Lanka may have lost 20 billion rupees from direct placements as well as from auctions of bonds, between 2005 and March …

Jan 23, 2020 (LBO) – First Capital Treasuries, the Primary Dealer arm and a subsidiary of First Capital Holdings has announced that it intends to …

Dayaratne PC, had his education at the S. Thomas’ Preparatory School, Kollupitiya and at S. Thomas’ College, Mount Lavinia. He entered the Sri …

Jan 22, 2020 (LBO) – Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) said that the landmark loan moratorium for SMEs …