Category: Companies
ADB partners with JKH to boost food value chains and farm livelihoods in SL
The Asian Development Bank (ADB) entered into an agreement to invest up to $80 million (in Sri Lanka rupee equivalent) in John Keells Holdings PLC (JKH) to boost the country’s food value chain and promote economic growth and job creation. The investment will be a two-phase private placement to support the expansion of JKH’s modern retail and distribution […]
Co-operative Insurance opens Initial Public Offering
Leading Sri Lankan insurer Co-operative Insurance, recently announced the date of their Initial Public Offering (IPO), which is set to take place on the 20th of December, 2021. The IPO will be managed by the Merchant Bank of Sri Lanka. Affirming its financial strength, the company, which secured a strong financial performance for the past […]
Listed Companies welcome opportunity to hear about new SEC Act directly from Regulator
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) organized a symposium on 6th December 2021 to enlighten senior officials of listed companies on the features of the new Securities and Exchange Commission Act No. 19 of 2021. SEC Media Release The SEC Chairman Mr. Viraj Dayaratne PC delivered […]
Allocation of shares for First Capital Treasuries IPO concluded
Sri Lanka’s leading non-bank primary dealer, First Capital Treasuries PLC, a subsidiary of First Capital Holdings PLC, saw its Initial Public Offering (IPO) being oversubscribed 4.5 times within hours on its opening day and the offering was closed on the same day, as indicated in the prospectus. First Capital Treasuries received 1,991 applications amounting to […]
Leading corporates shine for their resilience & perseverance at CA Sri Lanka 56th Annual Report Awards
Some of Sri Lanka’s top corporates, including conglomerates, were honoured on Thursday night at the Grand Finale of the 56th Annual Report Awards, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) for their resilience and perseverance in promoting transparency, accountability, good governance, and social responsibility amidst the new pandemic-influenced business […]
CCC-USAID survey reveals that exporters have a positive outlook for export earnings
“Sri Lankan exporters are confident in their outlook for export growth, despite challenges faced in the first half of 2021,” according to the results of the bi-annual Export Barometer Survey. This survey was designed and conducted by the Ceylon Chamber of Commerce (CCC) and the United States Agency for International Development (USAID)’s Partnership for Accelerating […]
Aitken Spence Logistics Expands its Reefer & GP Container Fleet
Aitken Spence Logistics, the pioneer in integrated logistics, strengthened its mobile storage solutions operations by acquiring the reefer and GP (General Purpose) container fleet of a competitor business. Aitken Spence Logistics introduced the concept of mobile cold storage solutions using reefer containers on rent, with 24-hour backup maintenance which has been widely accepted by the […]
BOI enterprises export revenues, record 2019 values: Double digit growth recorded in seven sectors
Accounting for 65% of all national exports and 85% of all national industrial exports, the Board of Investment today announced that total export earnings recorded as at date for the year, from enterprises under its purview, have surpassed export revenues with the corresponding year-to-date value achieved in 2019. The year 2019 is regarded as the […]
INSEE Cement’s 360-degree approach eases cement shortage in Sri Lanka
Uninterrupted supply through comprehensive production, imports and logistics optimization reaps positive results Operating at maximum production capacity with optimized distribution channels for a number of weeks, INSEE Cement has successfully helped to mitigate the cement shortage that was prevailing in the local market. INSEE Cement’s concentrated and immediate contingency measures across its entire operation at […]
Anjelo Simmons – Chief Dealer at First Capital Treasuries in conversation with LBO
With the First Capital Treasuries’ (FCT) Initial Public Offering opening on Monday the 6th of December, Lanka Business Online (LBO) spoke to Anjelo Simmons, the Chief Dealer at FCT to find out what makes the company a unique investment opportunity. Given the ongoing positive momentum centred around the Colombo Stock Exchange (CSE) and propelled by […]
INSEE Cement signs MOU with Hambantota Port to improve supply chain efficiency
The Hambantota International Port Group (HIPG) today signed an agreement with INSEE Cement, the leading cement manufacturing company in Sri Lanka, to ensure the efficient transfer of raw materials to their factory in Galle, via the Hambantota Port. This will have a positive impact on the operational efficiency. The agreement was signed between Gustavo Navarro, […]
First Capital Treasuries Apprises Stakeholders of Upcoming IPO
One of Sri Lanka’s leading non-bank primary dealers, First Capital Treasuries PLC, a subsidiary of the Janashakthi Group’s First Capital Holdings PLC hosted prospective investors, industry partners, media representatives and members of the public at an investor forum on its upcoming Initial Public Offering (IPO). First Capital Treasuries released the official prospectus for the IPO […]