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Sri Lanka’s John Keells Holdings to subdivide ordinary shares
May 24, 2016 (LBO) – Sri Lanka’s diversified John Keells Holdings has decided to subdivide ordinary shares of the company while making an adjustment to its warrants. The company said in a stock exchange filing, the directors have recommended a share subdivision where by every seven existing ordinary shares will be subdivided to eight ordinary shares. […]
Opinion: Blockchain, Cryptoeconomics, and the Disintermediation of Trust
By Chami Akmeemana and Evan Stubbs As the technology that creates a distributed ledger, blockchain is creating significant waves of disruption in industries, processes and business models revolving around the centralization of trust. This is far broader than just crypto currencies; this technology offers the potential to create autonomous corporations, change the nature of […]
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May 24, 2016 (LBO) – The Ceylon chamber of commerce with Fair Deal AS, a globally spread import sourcing arm is planning to launch a program to help Sri Lankan importers buy goods at ‘factory prices’. Under this program, Fair Deal which is a subsidiary of the Advance Business Partners of Norway will function as […]
SriLankan Aviation College to expand training island wide
SriLankan Aviation College has appointed Nawaloka Air Services as its franchise partner. The new partnership intends to expand Aviation training countywide, providing invaluable opportunities for young Sri Lankans in all four Provinces to embark upon rewarding careers in the global air transport and hospitality industries. The franchise agreement was signed on 5th May 2016 at […]
‘s Amanté to sell lingerie in Pakistan
May 24, 2016 (LBO) – Sri Lanka’s Amanté lingerie has opened its first flagship store in Pakistan in May at the Dolman Mall, Karachi. This is the first international franchise, outside of India for the brand, the company said in a statement. Pakistan’s premium brands retailer SFnZ& Co. Ltd. signed franchise agreement with Amanté to […]
PTL Watch: Bond yields stagnant ahead of auction
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India to turn Iranian port into transit hub bypassing Pakistan
May 24, 2016 (LBO) – India, Iran and Afghanistan have signed a tripartite agreement to turn the Iranian Chabahar port into a transit hub bypassing Pakistan, foreign media reported. The agreement will significantly increase the use of Chabahar port and connect India to Central Asia through Afghanistan and also provide Afghanistan access to India through […]
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Fitch Ratings has affirmed Sri Lanka’s Dialog Axiata PLC’s (Dialog) ‘AAA(lka)’ National Long-Term Rating, a statement said. The Outlook is Stable. KEY RATING DRIVERS We upgraded Dialog’s standalone credit profile to ‘AAA(lka)’ from ‘AA+ (lka)’, based on its improving financial profile backed by its continued market leadership in Sri Lanka’s growing mobile and pay-TV segments. […]
London Stock Exchange Group increases footprint in Sri Lanka
London Stock Exchange Group (LSEG) announced the signing of a landmark agreement with the government of Sri Lanka to set up their global Business Services arm in the technology-focused Tripoli Market precinct of Colombo. London Stock Exchange Group Sri Lanka will provide Business Services support to the Group’s operating entities across the globe. The new […]
Sri Lanka vehicle registrations down in April except for Cars and SUVs
May 24, 2016 (LBO) – Sri Lanka’s vehicle registrations except for Cars, SUVs and 3 wheelers were down last month due to April being a holiday month, JB Securities said in a research note. Motor car registrations recorded 3,618 units in April up from 3,326 units a month ago and significantly down from 5,116 units […]