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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 […]
John Keells Holdings (JKH) makes Rs11bn stock buyback offer
November 12, 2018 (LBO) – Shares of Colombo Stock Exchange market bellwether John Keells Holdings (JKH) were halted this morning pending announcement of a stock buyback. The company announced that it is making buyback offer for 5% of its outstanding shares at a price of Rs160/share. The price is over a 10% premium to the […]
Sri Lanka Presidents explains reasons for dissolving parliament
Nov 12, 2018 (LBO) – Sri Lanka’s president Maithripala Sirisena said the main reason to dissolve Parliament last Friday night was claims of parliamentarians being bought over. In an address to the nation late Sunday night President Sirisena said, all of you will acknowledge what a tragical situation in politics when the value of the Members […]
Karu calls upon public servants to refuse illegal orders no matter from whom
Nov 11, 2018 (LBO) – Karu Jayasuriya on Sunday called upon all public servants to refuse to execute any illegal orders they may receive, no matter from whom. “I urge all public servants who have sworn an oath to defend the Constitution to revisit that oath,” Jayasuriya said. “Our foremost duty is to the Constitution. […]
Constitutional Crisis – Samantha Power says targeted sanctions should be on the table
November 10, 2018 (LBO) – Former United States Ambassador to the United Nations and human rights expert Samantha Power has taken an aggressive stance with regards to Sri Lanka’s constitutional crisis. Making several tweets on this issue, Samantha Power has advocated for targeted sanctions on Sri Lanka if constitutional democracy is not upheld. After the […]
Sri Lanka President dissolves Parliament
Nov 09, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has signed the proclamation to dissolve the Parliament from Friday midnight.According to the relevant Gazette, the fifth day of January 2019 has been fixed as the date for the election of the Members of Parliament. The leader of Pivithuru Hela Urumaya Udaya Gammanpila earlier in […]
Constitutional Crisis – Rs28bn foreign capital flees Sri Lanka in 2 weeks
November 9, 2018 (LBO) – Foreign selling of Sri Lanka’s stocks and bonds continued at a brisk pace in the second full week of Sri Lanka’s constitutional crisis. Net foreign selling of government securities was Rs9.9bn for the week, while net foreign selling of equities was Rs3.9bn. In the previous week the figures were strikingly […]
Pathway to membership of CA ANZ available for members of CA Sri Lanka
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Accountants Australia & New Zealand (CA ANZ) signed a landmark agreement on Thursday, 08th November 2018 to strengthen the scope of CA Sri Lanka members. The agreement was signed by CA Sri Lanka President Mr. Jagath Perera and CA ANZ Chief […]