CEAT to develop local industry: Save Rs.11Bn in foreign exchange via import substitution
Aug 18, 2020 (LBO) – CEAT Kelani Holdings has announced that in response to the Government’s policies to develop domestic industry, it has stepped …
Uber’s 24×7 safety helpline live in Sri Lanka
Aug 18, 2020 (LBO) – Uber has relaunched its on-trip 24×7 Safety Helpline in Sri Lanka to ensure the safety of riders and to provide them greater …
Hayleys reports PAT of Rs.561.76 million Q1 2020
Aug 18, 2020 (LBO) – The Hayleys Group remained resilient amidst unprecedented challenges to record a pre-tax profit of Rs.1.17 billion in the first …
First Capital posts PAT of Rs. 1.46bn for 1Q 20/21 on the back of strong results for FY 19/20
Aug 18, 2020 (LBO) – First Capital Holdings PLC (the Group) the only listed investment bank in Sri Lanka, continued its growth momentum into the first …
Pandemic Shock Dampens Digital Banks’ Prospects in Asia: Fitch Ratings
Aug 18, 2020 (LBO) – Aspiring digital bank entrants in Asia may struggle to attain the critical mass necessary to reach business viability amid the …
President reviews 150,000 jobs programme; 51,135 eligible graduates
President Gotabaya Rajapaksa reviews the 150,000 employment programme which will come to effect from 2nd September onwards. President advised the relevant …
ComBank’s assets cross milestone Rs 1.5 trillion in 1H 2020
The Commercial Bank of Ceylon Group has reported mixed results for the first half of 2020, with robust top line growth negated by a combination of factors …
Minister of Justice Ali Sabry commences his duties
President’s Counsel, Ali Sabry commenced his duties as the Minister of Justice at the Ministry of Justice this afternoon
HNB posts Rs 5.5Bn Group PAT in 1H 2020 amid COVID-19 disruptions
Aug 17, 2020 (LBO) – HNB posted resilient financial results during the 1H 2020 amid the unprecedented disruptions of COVID-19 pandemic with Group PAT for 1H …
BOI signs agreement with HTCey Aqua Culture for Vannamei Shrimp project in Puttalam
Aug 17, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with HTCey Aqua Culture (Pvt) Limited for a 12 million pl (Post Larvae) …
Plantation companies to lose Rs 500 mn. due to govt. vacillation on oil palm
Aug 17, 2020 (LBO) – Plantation companies will sustain a cumulative loss of more than Rs 500 million within months due to policy inconsistencies and …
MarCom Collective congratulates new Govt: Seeks partnership to rebuild industry
Aug 17, 2020 (LBO) – The MarCom Collective congratulated Prime Minister Mahinda Rajapaksa and his newly appointed cabinet of ministers as well as all …
Providing employment to 50,000 graduates & 100,000 low-income earners resumes
Aug 14, 2020 (LBO) – President Gotabaya Rajapaksa decides to re-commence, without delay, the programme to provide employment opportunities to 150,000 …
Daintee acquisition to boost Sunshine’s defensive cash flows: Fitch Ratings
Aug 14, 2020 (LBO) – Sunshine Holdings PLC’s 100 percent acquisition of Sri Lanka-based confectionery maker Daintee Limited will increase the cash flow …
Hemas Delivers Resilient Performance Amidst COVID-19 Pandemic: Group CEO
Hemas Holdings PLC reported a consolidated Group revenue of Rs. 13.0 billion, a decline of 1.6% during the first quarter of the financial year 2020/21, …
New Foreign Secretary Admiral Jayanath Colombage assumes duties
Aug 14, 2020 (LBO) – Admiral Prof. Jayanath Colombage assumed duties as the Secretary to the Foreign Ministry today following the appointment to the position …
All passengers boarded Shanghai flight with negative test results: SriLankan Airlines clarifies
Aug 14, 2020 (LBO) – SriLankan Airlines clarifying its position on the temporary suspension of the Colombo-Shanghai operation by the Civil Aviation …
Teejay posts operating profit of Rs. 15mn in COVID-19 hit first quarter
Teejay Lanka PLC has reported operating profit of Rs 15.2 million and profit before tax of Rs 13.9 million for the first quarter of 2020-21 but posted a …
First Capital records PAT of Rs. 1.07bn in 19/20 amidst challenging market conditions
First Capital Holdings PLC (the Group) the only listed investment bank in Sri Lanka, recorded a Consolidated Profit after Tax of LKR 1.07Bn for the year …
China suspends SriLankan Airlines’ Colombo-Shanghai flight over COVID-19 cases
Aug 13, 2020 (LBO) – SriLankan Airlines’ Colombo-Shanghai flight would be suspended for four weeks after several passengers tested positive for …