Author: lbostgadmin
CSE to amend listing rules in improving public market access, IPO process
Sep 03, 2019 (LBO) – Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC), is proposing to revise the regulatory framework governing the initial listing of shares on the CSE. The exercise is aimed at broadening the CSE Listing Rules to complement Sri Lanka’s rapidly developing commercial landscape comprising of […]
Colombo District Land Price Index records 13.6-pct increase in 1H 2019
Sep 03, 2019 (LBO) – Land Price Index for Colombo District, compiled by the Central Bank has reached 132.2 during the 1st half of 2019, recording an increase of 13.6 percent compared to the 1st half of 2018. The three sub-indices of Land Price Index (LPI), namely Residential, Commercial and Industrial have contributed to this […]
Sri Lanka seeks intl. assistance in preventing extremism; highlights value of community policing
Sep 03, 2019 (LBO) – Sri Lanka has sought expertise in preventing violent extremism (PVE) from the Global Community Engagement & Resilience Fund (GCERF), in the post-Easter Sunday scenario where violent extremism has become the biggest threat to national security. At the invitation of the Foreign Ministry, the Executive Director of GCERF, Dr. Khalid Koser […]
Union Bank explores strategic options for subsidiary, UB Finance
Sep 03, 2019 (LBO) – Sri Lanka’s Union Bank said that it was in discussions with identified investor/s to explore strategic options for its subsidiary, UB Finance Company Limited (UBF). “We wish to inform you that the bank has engaged itself in discussions with identified investor/s to explore strategic options for its subsidiary,” it said […]
CCC holds 18th AGM of Sri Lanka – China Business Council
Sep 03, 2019 (LBO) – The 18th annual general meeting of the Sri Lanka – China Business Council (SLCHBC) of the Ceylon Chamber of Commerce was held recently at Taj Samudra Colombo with Yang Zuoyuan, commercial counsellor, Embassy of People’s Republic of China was the chief guest. Thulitha Mendis, director – commercial, Singer (Sri Lanka) […]
Fitch affirms rating of some Sri Lanka banks
Sep 03, 2019 (LBO) – Fitch Ratings has affirmed the long-term issuer default ratings (IDR) of the following Sri Lanka-based banks: National Savings Bank (NSB) at ‘B’; outlook stable Bank of Ceylon (BOC) at ‘B’; outlook stable Fitch has also affirmed the national long-term ratings of the following banks: NSB at ‘AA+(lka)’; outlook stable BOC […]
Prime stands tall among ‘Most Respected Entities in Sri Lanka’
Prime Group was selected as the Most Respected Real Estate Organization among Sri Lanka’s ‘Most Respected Entities’ in 2019 for the third time, through an independent ranking commissioned by LMD ( Lanka Monthly Digest) and conducted by Nielsen. The Prime Group was ranked at the 34th position among the selected 135’ Most respected Entities in […]
Capitol TwinPeaks, calls for grading system to safeguard condominium buyers and lenders
Sep 02, 2019 (LBO) – Capitol TwinPeaks, the flagship residential venture of the Sanken Group, addressed a panel of industry peers at the ‘Future of Condominium living in Sri Lanka’ on the issues faced by Condominium Developers in Sri Lanka. The event, under the leadership of President, CCI and Managing Director, Sanken Construction Pvt Ltd […]
Kia Motors revs up for growth with Rs.800Mn Malabe complex
Sep 02, 2019 (LBO) – Korean automaker KIA is to strengthen its presence in Sri Lanka with a distributor dealership model following the recent corporate structure change which saw Managing Director Mahen Thambiah securing 100 percent ownership with a total investment of 1.02 billion rupees. The seamless transition has been achieved with no reduction in […]
Sri Lanka Foreign Secretary says Post 21/4, a litmus test for protecting HR while fighting terrorism
Sep 02, 2019 (LBO) – Sri Lanka’s Foreign Secretary Ravinatha Aryasinha says that post 21/4 has been a ‘litmus test’ on Sri Lanka’s resolve to adhere to human rights standards, while fighting terrorism, and also to determine the robustness and shortcomings of the democratic institutions that have been strengthened in recent years. The Foreign Secretary […]
Third exhibition of Enterprise Sri Lanka in Jaffna
Sep 02, 2019 (LBO) – The third of a series of Enterprise Sri Lanka exhibitions which aims to promote enterprise culture within the island and taking the government development activities to the doorstep of the people will be held from September 7 to 10 at Jaffna Fort. The goal of this particular exhibition is to […]
‘s credit profile reflects ongoing liquidity &’s
Aug 30, 2019 (LBO) – Moody’s Investors Service says in a new report that the credit profile of Sri Lanka (B2 stable) reflects ongoing government liquidity and external vulnerability risks. Key credit challenges include large borrowing requirements, with a high reliance on external funding, and low foreign exchange reserves coverage of forthcoming economy-wide external debt […]