Author: lbostgadmin
Colombo stocks finish higher for second straight week, JKH up 4%
July 20, 2018 (LBO) – The Colombo Stock Exchange closed higher for the second straight week. After several consecutive weeks of decline, the major indices have managed to string together back to back weeks of gains. The All Share Price Index (ASPI) was up close to 1% and the S&P SL 20 was up close […]
LAUGFS IT triumphs at BestWeb.lk 2018
LAUGFS IT successfully clinched multiple awards for the fourth year at the recently concluded “BestWeb.lk 2018” competition. The LAUGFS Holdings corporate website bagged the Gold Award in the ‘Corporate Category’, Bronze Awards in the ‘Overall Category’ as well as the ‘Special Category for the Best Tamil Website’, and the Merit Award for the ‘Best Web […]
Multi Finance to top up capital with Rs200mn private placement
July 20, 2018 (LBO) – Central Bank of Sri Lanka (CBSL) registered finance company Multi Finance is to increase its capital base by way of private placement. The Colombo Stock Exchange listed company is to raise Rs200mn at Rs13/share which is approximately the net asset value of the company. The shares will be placed with […]
Sri Lanka launches online platform to provide all import, export information
July 20, 2018 (LBO) – Sri Lanka’s Department of Commerce with the help of other government agencies launched a trilingual online platform to facilitate importers and exporters in the country. Sri Lanka Trade information portal (SLTIP) which is the single stop point for all information relating to import and export in Sri Lanka can be […]
Janashakthi Life’s high-flyers qualify for million dollar round table
Janashakthi Insurance PLC announced that 14 members from its Sales team had qualified for the prestigious Million Dollar Round Table (MDRT) membership in 2018. This continues Janashakthi’s long streak of double digit MDRT qualifiers. Amongst this year’s group are several 2nd and 4th time qualifiers including H L A Harshana from the Company’s Colombo City […]
Sri Lankan not included in world’s top airlines
July 20, 2018 (LBO) – The national carrier, Sri Lankan Airlines, was not included in the top 50 airlines at the annual Skytrax awards, considered the premier airline awards event in the world.Sri Lankan Airlines barely made it into the top 100, placing at 95, down from 81 in 2017. No Indian carrier made the […]
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Jul 20, 2018 (LBO) – Fitch Ratings has assigned Singer (Sri Lanka) PLC’s (A- (lka)/Stable) proposed senior unsecured redeemable debenture issue of up to LKR1.5 billion an expected National Long-Term Rating of ‘A-(lka)(EXP)’. The proposed debenture is rated at the same level as Singer’s National Long-Term Rating, fitch said. The full statement follows Fitch Ratings-Colombo-20 July […]
Nation Lanka Finance squeaks out a profit in the June quarter, deposits at Rs7.7bn
July 20, 2018 (LBO) – Colombo Stock Exchange listed company Nation Lanka Finance PLC (CSF) has turned a profit in the quarter ended June 30, 2018. The Central Bank of Sri Lanka (CBSL) registered finance company is the first listed finance company to report earnings for the quarter ended 20 days ago. The company reported […]
Construction industry future outlook positive, but challenges remain: RIU study
Jul 20, 2018 (LBO) – As a part of its ongoing research into the real estate and construction industry Research Intelligence Unit (RIU) conducted a survey among multifarious construction industry companies operating in Sri Lanka. Working with LECS, who recently held the 7th edition of their annual Construction Expo, the aim of this latest RIU […]
National Export Strategy: Sri Lanka targets USD28Bn in exports by 2022
Jul 20, 2018 (LBO) – Sri Lanka’s government unveiling the ‘National Export Strategy (2018-2022)’ in Colombo yesterday said it plans to increase the capacity of the local export sector while also improving trade performance and competitiveness. The five-year plan will help to make Sri Lanka a major regional export hub with the launch of this […]
‘s Pulimood Memorial Oration
July 20, 2018 (LBO) – Visakha Vidyalaya will hold its annual Susan George Pulimood Memorial Oration on the 23rd July to commemorate the birthday of Mrs. Pulimood who served the school as Principal for 22 years. This year the oration will be delivered by Prof. Niranjanie Ratnayake, Emeritus Professor, Department of Civil Engineering, University of Moratuwa, President, Institution […]
Sri Lanka Trade Information Portal to be unveiled tomorrow
July 19, 2018 (LBO) – Sri Lanka will unveil one of the biggest initiatives in its international trade history when the Department of Commerce launches the World Bank supported Sri Lanka Trade Information Portal (SLTIP) on Friday in Colombo. World Bank supported Trade Information Portals (TIP) across the world provide information that traders need to […]