Sri Lanka’s Hemas Pharmaceuticals goes regional with distribution in Myanmar
Sept 12, 2017 (LBO) – Hemas Pharmaceuticals, a pharmaceutical importer and distributor in Sri Lanka, has ventured into regional shores with its entry …
Companies
Inland Revenue bill passed in Parliament with amendments
Sep 07, 2017 (LBO) – Third reading of the Inland Revenue bill passed in Parliament with amendments, a short while ago. The bill received 90 votes in favour …
Sri Lanka’s PABC’s Outstanding Debentures gets ‘BB+(lka)’ rating: Fitch
(PRESS RELEASE) – Fitch Ratings-Colombo-04 September 2017: Fitch Ratings has assigned Pan Asia Banking Corporation PLC’s (PABC, BBB-(lka)/Stable) …
Navesta Pharmaceuticals Opens Sri Lanka’s First Sterile Manufacturing Plant
(PRESS RELEASE) – – Sri Lanka’s first EU-GMP, PIC/S compliant facility to enable exports of pharmaceuticals to international markets. Navesta …
Unilever and Arpico Encourage Shoppers to Go Green
(PRESS RELEASE) – 200% More Reusable Bags and 100,000 Fewer Polythene Bags Used During First Month Unilever Sri Lanka and Richard Pieris Distributors …
Jaffna Investor Forum by SEC, CSE gets good response
Aug 28, 2017 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) said they conducted the third …
Norway’s pension fund reports best half-yearly returns
Aug 25, 2017 (LBO) – Norway’s Government Pension Fund Global has returned a total 2.6 percent, or 202 billion kroner, in the second quarter of …
Sri Lanka’s Dialog Axiata conducts 5G technology trial
Aug 23, 2017 (LBO) – Sri Lanka’s Dialog Axiata said that a 5G technology capability trial was carried out with technology partners Ericsson and …
Sunshine Healthcare’s Shyam Sathasivam calls for urgent private public collaboration for a sustainable pharma industry
(PRESS RELEASE) – August 21, 2017: Newly-elected President of the Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) Shyam Sathasivam, Managing …
Shareholder activism on the rise, USD170 bln funds managed
Aug 21, 2017 (LBO) – Shareholder activists are on the rise worldwide, with public shareholder requests against quoted companies in 2016 doubling from the …
Clear vision and unity key for Sri Lanka’s family businesses
Aug 17, 2017 (LBO) – Sri Lanka’s family business continuity will depend on their ability to have a clear vision and retaining family unity, …
Softlogic Holdings records Rs15.2 bln revenue in 1Q, +6.2 pct
Aug 17, 2017 (LBO) – Softlogic Holdings recorded a revenue growth of 6.2% posting Rs15.2 bn in the first quarter this year, from Rs14.3 bn in the same …
Fitch Upgrades Sri Lanka Insurance Corp’s National Ratings
(PRESS RELEASE) – Fitch Ratings has upgraded Sri Lanka Insurance Corporation Limited’s (SLIC) National Insurer Financial Strength (IFS) rating and …
Ceylinco Life’s 6-month PBT up 64-pct to Rs1.6Bnl
(PRESS RELEASE) – Ceylinco Life has posted profit before tax of Rs 1.628 billion for the six months ending 30th June 2017, recording noteworthy growth of …
CB suspends Pan Asia Bank primary dealership for 6 months
Aug 15, 2017 (LBO) – Sri Lanka’s Central Bank has suspended business activities of the primary dealer of Pan Asia Banking Corporation (PABC) for a period …
Sri Lanka’s HNB offers 4.4 mnl shares to investors
Aug 15, 2017 (LBO) – Sri Lanka’s Hatton National Bank said it was offering 4.4 million shares, which were under subscribed earlier to potential …
Central Bank & ICTA have no legal deal with Total Pay: Harsha
Aug 11, 2017 (LBO) – Sri Lanka’s National Policies and Economic Affairs Deputy Minister Harsha De Silva told Parliament Friday that neither the Central …
Hayleys records 61-pct dip in PBT to Rs.408Mln, Turnover up 21-pct to Rs.29Bln in Q1
(PRESS RELEASE) – Hayleys Group said that despite improved revenue, it was a challenging quarter for the group, during which Profits Before Tax (PBT) …
Sri Lanka’s Haycarb PLC record revenue of Rs.3.3Bln,PBT Rs.151Mln for Q1 2017/18
(PRESS RELEASE) – The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 3.3 billion and profit before tax of Rs 151 million for the first …
Perkins and Sterling & Wilson Group strengthen partnership in Sri Lanka
Aug, 08 2017 (LBO) – The industrial policies in Sri Lanka have always encouraged investment in industries, making the country an important market for …