CBSL intends to cut ownership limits of LFCs to 25-pct; invites stakeholder inputs
May 22, 2019 (LBO) – Sri Lanka’s Central Bank invites stakeholders to submit observations on the drafted master plan that intends to introduce ownership …
Companies
Hayleys revenue up 34-pct YoY to Rs.219Bn in FY 18/19
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 …
Ceylinco Life investment income grows by 16-pct to Rs.2.9Bn in Q1 2019
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 …
Haycarb 2018/9 turnover Rs.20.9Bn: Raw material cost impacts negatively
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 …
Rs.1.36Bn takeover of People’s Merchant Finance by Sterling Capital
May 09, 2019 (LBO) – Sterling Capital Investments has completed a 1.36 billion rupee takeover of People’s Merchant Finance (PMF), a statement said. …
SriLankan Airlines appoints a new CCO and CFO
May 07, 2019 (LBO) – SriLankan Airlines has appointed Joshua Bustos as its chief commercial officer and Shaminda Samaraweera as its chief financial …
EFL 3PL looks towards Bots and RPA to stay ahead of logistics game
May 06, 2019 (LBO) – Expolanka Freight (Pvt) Ltd. (EFL), a logistics service provider announced that it has implemented its first wave of transformative …
5G not powerful, it’s ordinary technology, US politicians exaggerated its role: Huawei
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, …
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 …
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 …
Interview : How SL’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 …
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 …
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 …
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 …
Capital TRUST acquires Taxiyak and launches Taxiya
Apr 08, 2019 (LBO) – Capital TRUST Mobility Solutions (Pvt) Ltd, a subsidiary of Capital TRUST Holdings Limited is launching Taxiya, a mobile taxi …
Sri Lanka’s Securities & Exchange Commission files action for insider dealing
Mar 31, 2019 (LBO) – Sri Lanka’s Securities & Exchange Commission has filed an action before the Fort Magistrate’s Court against Dr. Sena …
Empowering women with financial independence by closing the investment gap
Mar 29, 2019 (LBO) – As Sri Lankan women join the workforce – particularly in the corporate sector – at a higher rate than ever before, a new …
Sri Lanka’s Tokyo Cement Company(Lanka) board resolves amalgamation
Mar 27, 2019 (LBO) – Sri Lanka’s Tokyo Cement Company (Lanka) PLC board of directors of has resolved the amalgamation of TOKYO Super Cement Company …
Sri Lanka’s Oceanpick first in South Asia to earn certification for offshore farming
Mar 27, 2019 (LBO) – Oceanpick (Pvt) Ltd., has been awarded the Best Aquaculture Practices (BAP) certification, making Sri Lanka a pioneer in South Asia …
Sri Lankan Banks manage capital impact of SLFRS 9
Mar 22, 2019 (LBO) – Sri Lankan banks have been able to manage the capital impact of first-time adoption of SLFRS 9 accounting standards, in line with …