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CEAT to develop local industry: Save Rs.11Bn in foreign exchange via import substitution

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 …

August 18, 2020 | Companies, Companies, Economy, Economy & Markets, Featured, Forex, General Services, Industry, Money, Policy | Read More
Uber’s 24×7 safety helpline live in Sri Lanka

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 …

August 18, 2020 | Companies, General Services, Industry, Shipping and Transport | Read More
Hayleys reports  PAT of  Rs.561.76 million Q1 2020

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 …

August 18, 2020 | Banking and Finance, Companies, Featured, Industry | Read More
First Capital posts PAT of Rs. 1.46bn for 1Q 20/21 on the back of strong results for FY 19/20

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 …

August 18, 2020 | Banking and Finance, Companies, General Services | Read More
Pandemic Shock Dampens Digital Banks’ Prospects in Asia: Fitch Ratings

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 …

August 18, 2020 | Banking and Finance | Read More
President reviews 150,000 jobs programme; 51,135 eligible graduates

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 …

August 17, 2020 | Politics | Read More
ComBank’s assets cross milestone Rs 1.5 trillion in 1H 2020

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 …

August 17, 2020 | Banking and Finance | Read More
Minister of Justice Ali Sabry commences his duties

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

August 17, 2020 | In Pictures | Read More
HNB posts Rs 5.5Bn Group PAT in 1H 2020 amid COVID-19 disruptions

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 …

August 17, 2020 | Banking and Finance | Read More
BOI signs agreement with HTCey Aqua Culture for Vannamei Shrimp project in Puttalam

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) …

August 17, 2020 | Companies, Companies, Economy, Featured | Read More
Plantation companies to lose Rs 500 mn. due to govt. vacillation on oil palm

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 …

August 17, 2020 | Agriculture, Companies, Featured, Industry, Other | Read More
MarCom Collective congratulates new Govt: Seeks partnership to rebuild industry

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 …

August 17, 2020 | Companies, Companies, Featured, General Services, Industry | Read More
Providing employment to 50,000 graduates & 100,000 low-income earners resumes

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 …

August 14, 2020 | Politics | Read More
Daintee acquisition to boost Sunshine’s defensive cash flows: Fitch Ratings

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 …

August 14, 2020 | Companies | Read More
Hemas Delivers Resilient Performance Amidst COVID-19 Pandemic: Group CEO

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, …

August 14, 2020 | Companies | Read More
New Foreign Secretary  Admiral Jayanath Colombage assumes duties

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 …

August 14, 2020 | Defense, Politics | Read More
All passengers boarded Shanghai flight with negative test results: SriLankan Airlines clarifies

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 …

August 14, 2020 | Aviation | Read More
Teejay posts operating profit of Rs. 15mn in COVID-19 hit first quarter

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 …

August 13, 2020 | Apparel, Companies | Read More
First Capital records PAT of Rs. 1.07bn in 19/20 amidst challenging market conditions

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 …

August 13, 2020 | In Pictures | Read More
China suspends SriLankan Airlines’ Colombo-Shanghai flight over COVID-19 cases

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 …

August 13, 2020 | Aviation | Read More
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