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Kapila Chandrasena takes Ranjith Fernando’s seat at Sri Lankan Airlines
Nov 13, 2018 (LBO) – Former Chief Executive officer of Sri Lankan Airlines and Mihin Lanka Kapila Chandrasena has been appointed as the Chairman of Sri Lankan Airlines and Mihin Lanka following the change in the government. Corporate communications office of the Sri Lankan Airlines, however, did not reply to our request for more information. […]
Sampath Bank surpasses Rs.14 Bn mark in pre-tax profit
Sampath Bank achieved Rs.14.2 billion in Profit Before Tax (PBT) within the first 3 quarters of 2018, 20.3% higher than the PBT of Rs.11.8 billion recorded in the corresponding period in the previous year. This is a significant achievement particularly given the challenging macroeconomic conditions that were seen throughout this period. Profit After Tax (PAT) […]
Sri Lanka port volumes up
Nov 13, 2018 (LBO) – State owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3 percent in transshipment container throughput for the first nine months (from January to September) in 2018 as against the corresponding period in 2017. During the first nine months of 2018, the transshipment […]
Dipped Products posts PBT of Rs.553Mn in 1H 2018/19
Nov 13, 2018 (LBO) – Dipped Products Group, a subsidiary of the Hayleys Group reported a profit before tax of 553 million rupees for the 1H of 2018/19, a growth of 141 percent over the previous year. The Company attributed the profits to strong gains from performance improvement initiatives in local operations and significant contribution […]
We will form a broader and fresh alliance to save Sri Lanka: Ranil
Nov 12, 2018 (LBO) – Sri Lanka’s ousted Premier Ranil Wickremesinghe says that the political parties of United National Front are expecting to form a new political alliance. Releasing a special statement Wickremesinghe said they are currently discussing about building a broader people’s organization to save the country from the current situation.Wickremesinghe criticized the President […]
Petitions against dissolution of Parliament: Supreme Court adjourns till tomorrow
Nov 12, 2018 (LBO) – Sri Lanka’s Supreme Court adjourned till the next day as the Attorney General asked time for his submission for the Fundamental Rights petitions filed by several parties challenging the dissolution of Parliament. Supreme Court three-judge-bench comprising Chief Justice Nalin Perera, Justice Priyantha Jayawardena and Justice Prasanna S Jayawardena fixed the […]
Sri Lanka Foreign Minister briefs Colombo based diplomats
Nov 12, 2018 (LBO) – Foreign Minister Dr.Sarath Amunugama briefed foreign diplomats based in Colombo at the Ministry of Foreign Affairs this morning.According to the Foreign Ministry, the Minister has clarified the chain of events that compelled President Maithripala Sirisena to arrive at the decision to dissolve Parliament.He has emphasized the constitutionality of the steps taken […]
Lamudi Sri Lanka launches online property guide
Lamudi Lanka Private Ltd, the premier online real estate marketplace in Sri Lanka, has recently launched a Property Guide page, as a part of the company’s efforts to increase understanding about the Sri Lankan property market. The page can be accessed through the URL, https://www.lamudi.lk/Buyers-Guide/ and provides an extensive guide for property buyers, sellers and […]
LVL Energy Fund 6-month profit exceeds previous full year profit
LVL Energy Fund PLC with an operational footprint covering Sri Lanka, Bangladesh and Nepal, recorded a strong financial performance in the first half of the current financial year, which is reflected in the company’s provisional financial results for the 6-month period ended 30th September 2018. In a remarkable achievement, its 6-month profit of LKR 461 […]
IFS celebrates 21 years of operations in Sri Lanka
IFS, the global enterprise applications company, is proud to be celebrating 21 years of operations in Sri Lanka. Having initially established its presence in Sri Lanka in 1997, IFS now employs more than 1,100 employees who work from the company’s offices in Colombo and Kandy. At a media briefing held on the 9th of November […]