Sri Lanka Government signs Statement of Corporate Intent with 10 SOEs
Jun 11, 2019 (LBO) – Sri Lanka’s Government today signed the Statement of Corporate Intent (SCIs) with ten selected State-Owned Enterprises (SOEs) with …
Jun 11, 2019 (LBO) – Sri Lanka’s Government today signed the Statement of Corporate Intent (SCIs) with ten selected State-Owned Enterprises (SOEs) with …
June 4, 2019 (LBO) – Colombo Stock Exchange listed LOLC Holdings (LOLC) has reported an astounding profit of over Rs11bn (US$65mn) for the fiscal year …
May 31, 2019 (LBO) – Central Bank having considered the continuous failure to comply with directions applicable to primary dealers has decided to suspend …
May 31, 2019 (LBO) – Profits at Sri Lanka’s leading city hotel operator, Asian Hotels and Properties (AHPL), were down more than 50% for the year …
May 30, 2019 (LBO) – Former Commercial Bank CEO Jegan Durairatnam has been appointed as the Chariman of the board of DFCC. The appointment is with effect …
May 30, 2019 (LBO) – Taxiya, a ride-hailing service powered by an advanced digital mobile App, is now wholly owned and managed by Capital TRUST …
May 30, 2019 (LBO) – Sri Lanka’s cabinet of ministers has approved several relief packages for the tourism industry in the island. Approval was …
May 28, 2019 (LBO) – Lotus Renewable Energy Group (LREG) has bought control of Colombo Stock Exchange (CSE) listed Hatton Plantations (HPL) in a Rs1bn …
May 26, 2019 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy has hinted a strong possibility of a policy rate cut at the next monetary …
May 24, 2019 (LBO) – Harry Jayawardena, perhaps Sri Lanka’s wealthiest man, now controls close to 10% of the outstanding shares in Sri …
May 23, 2019 (LBO) – International Monetary Fund (IMF) advises Securities and Exchange Commission of Sri Lanka (SEC) to streamline the current enforcement …
May 22, 2019 (LBO) – Sri Lanka’s Central Bank invites stakeholders to submit observations on the drafted master plan that intends to introduce ownership …
May 22, 2019 (LBO) – Sri Lanka’s Hayleys PLC, group revenue expanded by 34 percent yoy to 219 billion rupees while operating profit before interest …
May 21, 2019 (LBO) – Steady growth of its life insurance business and strong investment gains have enabled Ceylinco Life to generate total income of 7.17 …
May 16, 2019 (LBO) – Haycarb PLC reported revenue of 20.9 billion rupees, profit before tax of 1.35 billion rupees and profit after tax of 1.08 billion …
May 09, 2019 (LBO) – Sterling Capital Investments has completed a 1.36 billion rupee takeover of People’s Merchant Finance (PMF), a statement said. …
May 07, 2019 (LBO) – SriLankan Airlines has appointed Joshua Bustos as its chief commercial officer and Shaminda Samaraweera as its chief financial …
May 06, 2019 (LBO) – Expolanka Freight (Pvt) Ltd. (EFL), a logistics service provider announced that it has implemented its first wave of transformative …
May 06, 2019 (LBO) – Huawei Technologies Co. founder Ren Zhengfei recently pointed out that 5G is not that powerful and is just an ordinary technology, …
May 02, 2019 (LBO) – Ceylon Chamber of Commerce has proposed several action points for reviving the Nation following the acts of terrorism which occurred …