Category: Companies
Ceylon Chamber proposes action points for reviving Sri Lanka
May 02, 2019 (LBO) – Ceylon Chamber of Commerce has proposed several action points for reviving the Nation following the acts of terrorism which occurred on Easter Sunday. Consequent to concerns discussed at its April meeting of the Chamber Committee, the Ceylon Chamber of Commerce has sought meetings with President and Prime Minister to discuss matters relating […]
LAUGFS officially inaugurates operations of S Asia’s largest LPG transshipment terminal
May 02, 2019 (LBO) – LAUGFS Terminals Ltd officially inaugurated operations of its LPG transshipment terminal at the Hambantota international Port. It is the largest of its kind in South Asia, with the first of its LPG cargo brought in by the Sri Lankan flagged vessel Gas Success, part of LAUGFS Maritime’s own LPG vessel fleet. […]
Social media and messaging apps restored in Sri Lanka
Apr 30, 2019 (LBO) – Access to social media and messaging apps is being restored in Sri Lanka on the ninth day after the services were blocked as a security measure following a series of terror attacks, according to the latest NetBlocks network data. The restoration appears to be in progress and is as yet only […]
‘s housing market is gearing to meet economic, environmental and social challenges
Apr 30, 2019 (LBO) – Sri Lanka’s Landmark Group, a real estate development company bent on challenging traditional approaches to the island’s housing and property market says it is now gearing up to meet the economic, environmental and social challenges facing the industry. The real estate company is run by leading businesswoman Neelangani Hapangama and managed by […]
Dialog will double every donation up to Rs.100Mn to help victims of 21st Apr tragedy
Apr 29, 2019 (LBO) – ‘Dialog Foundation’, a charitable trust under the aegis of Dialog Axiata PLC, invites all Sri Lankans to help victims of the tragic events on 21st April, 2019, that claimed the lives of 253 people and injured hundreds. Dialog pledged to double every donation up to Rs.100 Million and utilise these […]
We are ready to welcome visitors from tomorrow: The Kingsbury Colombo
Apr 24, 2019 (LBO) – The Kingsbury Colombo said that they are ready to welcome visitors to the hotel from tomorrow and that the security in the premises and the periphery of the hotel has been strengthened in coordination with state authorities. Statement to Media Colombo, April 24, 2019: Recent events have been deeply disturbing however […]
“Dialogue with Public Listed Companies” postponed: SEC
The Securities and Exchange Commission of Sri Lanka (SEC), has postponed the “Dialogue with Public Listed Companies” scheduled for Thursday 25th April, 2019, at the Hilton Colombo, and places on record its appreciation of the time taken by many listed entities to write in confirming attendance and for conveying topics they wished to discuss as […]
Sri Lanka stock market operations to resume from Tuesday
Apr 22, 2019 (LBO) – Colombo Stock Exchange in consultation with the Securities and Exchange Commission of Sri Lanka announced that the trading and related market operations will resume from Tuesday the 23rd of April 2019.Accordingly, the pre-open session (Open Auction Call) on 23rd April 2019 will be from 9.00 a.m. to 10.30 a.m. and Regular […]
Kavan Ratnayaka appointed Chairman of National Development Bank
Apr 18, 2019 (LBO) – An Independent Director of National Development Bank (NDB), Kavantissa Danudra Weerawardene Ratnayaka has been appointed as the new Chairman of the Board of Directors of NDB with effect from today. The appointment came after the retirement of Ananda Wijetilaka Atukorala from the Chairmanship of National Development Bank with effect from […]
Google, Apple removes TikTok from app stores in India after ban
Apr 18, 2019 (LBO) – South Indian state of Tamil Nadu has requested Google and Apple to take down the Chinese-owned Tiktok video sharing app from their app stores. The move follows a ruling by the Madras High Court, which ordered its removal from app stores saying it encourages pornography and warning that sexual predators […]
Mangala PB Yapa appointed new Chairman of Board of Investments
Apr 11, 2019 (LBO) – Mangala PB Yapa has been appointed as the new Chairman of the Board of Investment of Sri Lanka, President’s Media Division said in a statement. According to the statement, he has received his appointment letter from President Maithripala Sirisena at the Presidential Secretariat this morning. He assumed duties as the 22nd […]
DFCC priced rights issue at a 56-pct discount to NAV to attract shareholders: CEO
Apr 08, 2019 (LBO) – Chief Executive Officer of Sri Lanka’s DFCC bank says that they wanted to make the rights issue attractive to shareholders by providing a discount of 56 percent to the net asset value per share. The bank is to issue up to 106,039,075 ordinary shares to the existing shareholders in the […]