Author: lbostgadmin
Sri Lanka parliament to start Bond debate today and continue after LG polls
Feb 06, 2018 (LBO) – Parliament will commence the debate of the findings of the Presidential Commission on treasury bond scam and the Presidential Commission of Inquiry into Serious Acts of Fraud, Corruption and Abuse of Power, State Resources and Privileges (PRECIFAC), Tuesday. At a party leaders meeting the the Speaker of the House also […]
RIU to host UK-Sri Lanka Investor Forum for 3rd consecutive year in London
Colombo, Sri Lanka – The Research Intelligence Unit will be hosting its annual edition of RIU Investor Forum on Thursday May 17 2018 at the Sri Lanka High Commission in London, UK.The Forum’s objective is to promote and channel investment into Sri Lanka from among the high net worth individuals (HNI) living overseas while also […]
Top investment bank Lazard to help Sri Lanka divest non-strategic assets
Feb 05, 2018 (LBO) – World’s top advisory and asset management firms, Lazard has shown interest in Sri Lanka, with a visit this week by an international delegation. The 2.7 billion US dollars global financial advisory firm in conjunction with MTI Consulting, plans to meet officials of the Sri Lankan government. They will discuss how […]
‘s Hatton Plantations starts trading on CSE
Feb 02, 2018 (LBO) – The shares of Hatton Plantations Ltd (CODE: HPL) commenced trading on the Colombo Stock Exchange (CSE) today. The shares, which were listed by way of an introduction on the Diri Savi Board of the CSE have been classified under the ‘Plantations’ sector. The occasion was marked through a Bell Ringing […]
Fitch assigns Lankaputhra first-time BBB-(lka) rating; outlook positive
Fitch Ratings has assigned Lankaputhra Development Bank Limited (LDB) a National Long-Term Rating of ‘BBB-(lka)’. The Outlook is Positive. KEY RATING DRIVERS LDB’s National Long-Term Rating reflects Fitch’s expectation that the bank would receive extraordinary support from the Sri Lankan sovereign, if required. Fitch believes the sovereign’s propensity to extend support to the bank stems […]
Germany’s Allianz SE to buy Janashakthi General Insurance for Rs16.4bn
Feb 02, 2018 (LBO) – Janashakthi Insurance is selling its general insurance business to Allianz SE in Germany for 16.4 billion rupees subject to adjustments, the company said in a stock exchange filing. Janashakthi Insurance said the transaction is subject to several conditions precedent which have to be satisfied by the parties, including addressing any […]
Sri Lanka signs the Framework Agreement on International Solar Alliance
Feb 02, 2018(LBO) – The High Commissioner for Sri Lanka in India, Chitranganee Wagiswara signed the Framework Agreement of the International Solar Alliance (ISA) at the Ministry of External Affairs of India in New Delhi, recently. Once the Agreement is ratified, Sri Lanka will become a founding member of the International Solar Alliance. With a […]
‘s LOFC acquired a 100 percent shares of LOLC Micro Credit
Feb 01, 2018 (LBO) – LOLC Finance PLC (LOFC) said the company has acquired a 100 percent shares of LOLC Micro Credit for 12.3 billion rupees. The shares were brought at 156.18 a share, the Company said in a stock exchange filing. LOFC Finance acquired 80 percent of LOLC Micro Credit from the parent company for […]
LG Election 2018 : An interview with Milinda Rajapaksa, SLPP Candidate
An Interview with Milinda Rajapaksa, SLPP Candidate (also known as ‘Pohottuwa’ party) for the Colombo Municipal Council What makes you want to go into politics? The power of the Colombo Municipal Council has been with one single party all this time. What good has it done for you? The CMC is meant to be the […]
NDB closes 2017 with 41-pct growth in PBT to Rs7.5bn
National Development Bank PLC (NDB) completed the financial year 31 December 2017 with impressive performance across all fronts. Commenting on this performance, the Chief Executive Officer of the Bank, Mr. Dimantha Seneviratne stated that 2017 has been a highly satisfactory year, during which the Bank stabilized its base, gathered rapid growth momentum and delivered enhanced […]
”s Supreme Global Holdings
Feb 02, 2018 (LBO) – Supreme Global Holdings, and Alibaba Group owned “Alitrip” which is now called “Fliggy”, launched the “Sri Lanka Pavilion” in “Fliggy’s tourism platform that will target to bring a million new Chinese tourists to Sri Lanka every year. The grand launch was made in Beijing, Tuesday. Alibaba, setting new standards in its […]
Sri Lanka: End Year Review 2017 by Oxford Business Group
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