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Sri Lanka official reserves at USD7.8bn by end October
Nov 08, 2019 (LBO) – Sri Lanka’s gross official reserves were 7.8 billion US dollars (USD7,783.6mn) by the end of October, up from 7.6 billion US dollars in September, the latest Central Bank data showed. By the end of October, the foreign currency reserves were 6,757 million dollars while the reserve position in the IMF […]
LSE announced the launch of Millennium platform for AAX crypto-currency trading
AAX launches as the first digital asset exchange using Millennium ExchangeTM matching engine technology Marks the first deployment of Millennium ExchangeTM in the cloud Demonstrates ability of LSEG Technology’s low-latency, resilient and scalable matching engine to support new markets and asset classes LSEG Technology, London Stock Exchange Group’s technology solutions provider, today announces that Millennium […]
Expolanka reports revenue of Rs 28.7Bn : 15-pct growth YoY
Nov 08, 2019 (LBO) – Expolanka PLC announced that it was on a sustainable growth path despite a global environment that continues to be challenging for business. The company once more credited its performance to a focus on its core logistics business, generating revenue of Rs 28.7 Bn (a 15% growth YoY) and a Gross […]
Haycarb records turnover of Rs.11.3Bn: PAT of Rs. 844.9Mn for H1 2019/20
Nov 08, 2019 (LBO) – Haycarb PLC reported revenue of 11.3 billion rupees and profit before tax of 844.9 million rupees for the six months ending 30th September 2019. The profit after tax stood at 656.7 million rupees. Haycarb PLC Managing Director Rajitha Kariyawasan said, “The growth in turnover and profitability is attributable to the […]
SriLankan Airlines in codeshare with Air India to serve Toronto
Nov 07, 2019 (LBO) – SriLankan Airlines is taking a firm step towards further increasing travel connectivity between Sri Lanka and Canada. SriLankan Airlines commences codeshared non-stop services between Toronto and New Delhi with long standing partner Air India, providing seamless connections to Colombo, from 7th November 2019 onwards. Vipula Gunatilleka, Chief Executive Officer of […]
Sri Lanka tourist arrivals down 22-pct in October
Nov 07, 2019 (LBO) – The total number of international tourist arrivals to Sri Lanka during October was 118,743 and in comparison to October last year, there is a decline of 22.5 percent when the arrivals were 153,123. This month, the largest source market for tourists was India, followed by China and the United Kingdom. […]
Opinion: Appointment of a new PM – Will the curse of Sirisena hit Gota/Sajith?
November 7, 2019 (LBO) – In less than 10 days time, Sri Lanka will have a new President. It is not an understatement that a vast majority of Sri Lankans can not wait for that day. Each major faction is excited about the prospects for their particular candidate. However, all major factions are for the […]
Sri Lanka’s first state-run consumer Loyalty Card to launch tomorrow
Nov 07, 2019 (LBO) – Sri Lanka’s first state-run FMCG Loyalty Card “Abhimana” will be launched tomorrow. The largest retail supermarket chain in the country, Lanka Sathosa Ltd (LSL) is embarking on this major initiative to expand its customer base while meeting the competition. Lanka Sathosa Limited (LSL) expanded its island-wide branch network to 423 […]
Dialog net profit declined 14-pct in Q3 2019 with non-cash translational forex losses
Nov 07, 2019 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, which has interests in Mobile, Fixed Line, and Digital Pay TV, declined 14 percent to 1.5 billion rupees from a year earlier in the September quarter, interim accounts showed. The company said the decline in Group Net Profit After Tax is mainly due […]
SriLankan Airlines 1H group loss reduced to USD76mn; plans flights to Sydney
Nov 07, 2019 (LBO) – SriLankan Airlines has made progress in the first half of this year by reducing group loss to 76 million US dollars, a 10 million dollar improvement over the previous year. This was achieved despite an overall decline in Group Revenue of 43 million dollars, 70 percent of which was due […]