Category: Companies
‘s retail industry to be a prominent and important pillar of the economy
Nov 28, 2018 (LBO) – Increasingly the significance of retail as an industry, as a value creator for the economy, as an employer and as a catalyst of growth brings to the forefront the need to recognize it as an Industry, a senior official said. Addressing the Sri Lanka Retailers’ Association second annual general meeting […]
Ceylinco Life appoints eminent banker Jegan Durairatnam to its Board
Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of career banker Jegan Durairatnam to its Board as an Independent Non-Executive Director with effect from 14th November 2018. Mr Durairatnam recently retired as Managing Director and CEO of Commercial Bank of Ceylon after a distinguished 36-year career with Sri Lanka’s benchmark private bank, during […]
Multi-Lingual Websites – What’s in it for your business?
We live in a time where borders and concepts of division are viewed in a negative light and inclusivity, diversity and acceptance are becoming more and more prominent. Be it a business brand or a personal brand, displaying diversity is essential for starting and maintaining strong relationships. For your business, one of the most effective […]
Non Executive Directors appointed to Bank of Ceylon Board
Nov 27, 2018 (LBO) – Bank of Ceylon said in a stock exchange filing that the Finance Minister has appointed new Non-Executive Directors to the Board of Bank of Ceylon effective from yesterday. Accordingly, Visakha Amarasekere has been appointed as the Ex-Officio Non-Executive Director to the Board of Bank of Ceylon in place of S. […]
SEC hosts APEC FRTI Regional Seminar on Enforcement and Litigation
The Securities and Exchange Commission of Sri Lanka (SEC) hosted a five day Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative (FRTI) from 12th to 16th November 2018 at the Cinnamon Grand Colombo on “Enforcement and Litigation” The APEC Finance Ministers endorsed the establishment of the FRTI to enhance training efforts for Financial Regulators at national and […]
Aitken Spence wins Best Corporate Citizen Sustainability Award 2018
Aitken Spence PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2018’ an annual event organized by the Ceylon Chamber of Commerce, to recognize sustainable champions of the local corporate sphere. Hatton National Bank PLC and Nestlé Lanka PLC became the first and second runner-up of the competition, respectively. The awards ceremony was held last […]
‘s Hela Clothing secures private capital infusion of Rs.1.2Bn
Nov 27, 2018 (LBO) – Hela Clothing Group, an apparel manufacturer has secured a capital infusion of 1.2 billion rupees through a mix of shareholder and new private equity investment funds.The funds are from a private consortium whose lead investor has a wide portfolio including private equity investments in the fashion and retail space, the Company […]
Sri Lanka to host conference of Asia-Pacific Depositories & Clearing organizations
Nov 23, 2018 (LBO) – Central Depository Systems, a fully owned subsidiary of the Colombo Stock Exchange, will host the 22nd Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG) in Sri Lanka. This premier gathering of Central Securities Depositories in Asia-Pacific has been held annually for 21 consecutive years since 1997. The […]
Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) – The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, a statement from the investment promotion agency said. The first agreement was with First Steps Babywear Lanka (Private) Ltd which will be setting up a manufacturing plant with to produce garments […]
CSE to conduct a full day of trading from the Disaster Recovery site tomorrow
The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery Site using ATS Version 7 Disaster Recovery Solution on Friday 23rd November 2018. The exercise will be an industry-wide activity with the participation of all stakeholders to ensure the preparedness of all participants to meet the recovery […]
‘s downgrades ratings of BOC, HNB, Sampath Bank; changes outlooks to stable
Nov 21, 2018 (LBO) – Moody’s Investors Service has downgraded the long-term local currency deposit and foreign currency issuer ratings of Bank of Ceylon (BOC), Hatton National Bank Ltd. (HNB) and Sampath Bank PLC (Sampath) to B2 from B1. At the same time, Moody’s has downgraded the long-term foreign currency deposit ratings of the same three […]
Sri Lanka lubricant market share shifting: Report
Nov 21, 2018 (LBO) – Sri Lanka’s lubricant market dynamics are shifting with market share of Chevron and Indian Oil dipping, a new report shows. According to data from the Public Utilities Commission of Sri Lanka (PUCSL) in the second quarter of 2018 Laugfs and Exxon Mobil have shown gains in the market. The full report […]