Category: Companies
CSE announces changes in S&P SL20 with year-end index rebalance
Dec 21, 2018 (LBO) – Colombo Stock Exchange (CSE) has announced the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2018 year-end index rebalance. The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 24 December 2018 (after the market close of 21 […]
Sri Lanka’s Commercial Bank to raise Rs15bn through listed debenture
Dec 20, 2018 (LBO) – Sri Lanka’s listed Commercial Bank plans to raise as much as 15 billion rupees from an issue of debentures which will be quoted on the Colombo Stock Exchange. The bank said in a stock exchange filing that they seek to issue 75 million debentures at 100 rupees each with a […]
LSEG Technology implements settlement solution for Singapore Exchange
Dec 20, 2018 (LBO) – LSEG Technology has successfully implemented Settlement and Central Securities Depository functionality for Singapore Exchange (SGX). In live operation from 10 December 2018, this was a whole market implementation, involving brokers, custodian banks, settlement banks, registrars and retail investors. Built upon the same technical and hardware framework as the Clearing (Central Counterpart) […]
Hayleys Advantis unveils Sri Lanka’s largest distribution hub
Dec 19, 2018 (LBO) – Hayleys Advantis ceremonially unveiled Sri Lanka’s largest distribution hub – Advantis 3PL Plus Logistics City – in Kotugoda, Ja-Ela as part of the company’s expansion efforts aimed at serving its clients better through greater efficiencies and economies of scale. The company said the move bodes well for the nation’s vision […]
‘s Softlogic Life
Dec 19, 2018 (LBO) – LeapFrog Investments, a leading profit with purpose investor, today announced a USD 12 million dollar investment in Softlogic Life Insurance PLC, purchasing the shares of FMO, the Dutch development Bank. The company, growing at 2x the market, is one of Sri Lanka’s fastest growing life insurers, providing Sri Lankans with individual […]
China Securities Depository and Clearing Corporation and CDS Sri Lanka commits to corporation
Dec 18, 2018 (LBO) – Sri Lanka’s Central Depository Systems (Pvt) Ltd (CDS) and China Securities Depository and Clearing Corporation Limited (CSDC) recently committed towards pursuing a cooperative relationship in the areas of securities clearing and depository. This commitment was formalized with the signing of a MoU between the two depositories during a visit by CSDC […]
Ceylon Chamber facilitates efficient document approval process for exporters
Dec 18, 2018 (LBO) – A Memorandum of Understanding was signed between the Ceylon Chamber of Commerce and the Ministry of Foreign Affairs (MoFA) recently, for the certification of export related documents through the electronic Document Attestation System (e-DAS) of the Ministry. The MOU provides for the Ceylon Chamber of Commerce to use the e-DAS system […]
Hayleys Energy commences first oil and gas drillship lay-up at Hambantota, Sri Lanka
Dec 17, 2018 (LBO) – Sri Lanka’s Hayleys Energy Services announced the arrival of the oil and gas drillship “Aban Abraham” for a warm lay-up to the Hambantota International Port. Aban Offshore Limited, the company that own the vessel, is India’s largest offshore drilling services provider to oil companies, providing drilling operations, production and exploratory work […]
Kaspersky Lab makes inroads into Sri Lanka with new distributor SATL
Dec 14, 2018 (LBO) – Global cybersecurity company Kaspersky Lab has been successfully expanding its business in the South Asia region. Continuing to have a strong hold in the Indian market, they have now moved to achieve a similar hold in Bangladesh and Sri Lanka. After a successful launch in Bangladesh in November, Kaspersky Lab are […]
CICT to enhance Colombo Port’s deep water capacity by March 2019
Dec 13, 2018 (LBO) – Colombo International Container Terminals (CICT) has announced a significant equipment addition that will enhance the terminal’s deep water capacity and make Colombo one of the few ports in Asia capable of handling vessels of 22,000 + TEUs. The Company said the enhancement encompasses the addition of two new mega Quay […]
Gihan Cooray appointed Chairman of Nations Trust Bank
Dec 13, 2018 (LBO) – Nations Trust Bank PLC has announced the appointment of Gihan Cooray as Chairman of the Board of Directors, with effect from December 1st 2018. Cooray takes over as Chairman following the retirement of Krishan Balendra who stepped down after having served the stipulated maximum 9 year tenure as a Director […]
Sri Lankan companies that provide childcare support show business benefits: Report
Dec 13, 2018 (LBO) – Businesses in Sri Lanka that offer childcare support to their employees can gain a significant positive impact on recruitment, retention and productivity of workers, especially women, according to a new report released by the International Finance Corporation (IFC), a member of the World Bank Group, in collaboration with the United […]