Listed Sri Lanka hospitals have strong growth prospects: Fitch
May 25, 2018 (LBO) – Listed hospitals in Sri Lanka will continue to grow strongly given growing demand for private health care, although regulatory price …
Companies
Finance Minister appoints Ranel Tissa Wijesinha as new Chairman of SEC
May 24, 2018 (LBO) – Finance and Media Minister has appointed Ranel Tissa Wijesinha as the new Chairman of the Securities and Exchange Commission of Sri …
Ceylinco Life’s 2017 net profit grows to Rs 9.4 billionCeylinco Life’s 2017 net profit grows to Rs 9.4 billion
(PRESS RELEASE) IRCSL-mandated change in basis of valuation of Life Fund generates one-off surplus of Rs 3.456 billion Ceylinco Life has announced that its …
Sri Lanka tea exports up in April 2018, Low grown production down
May 24, 2018 (LBO) – Sri Lanka’s tea exports for the month of April 2018 showed a gain of 0.7M/kgs when compared with the same period last year …
Sri Lanka approves BOT system for state buildings
May 24, 2018 (LBO) – The cabinet has approved to construct public buildings under the Build, Own and Transfer (BOT) system by the private sector, a …
Central Bank to create intervention rules for foreign exchange market
May 23, 2018 (LBO) – Sri Lanka’s Central Bank is to introduce several rules, the officials need to follow when they are intervening in the foreign exchange …
Kishu Gomes steps down as CEO of Chevron in Sri Lanka
May 23, 2018 (LBO) – Chevron Lubricants Lanka said that Kishu Gomes will be stepping down as Managing Director and Chief Executive Officer of the …
Sri Lanka’s Teejay Lanka doubles capacity of India plant with USD15Mn expansion
May 21, 2018 (LBO) – Teejay Lanka, a textile manufacturer said they will be doubling of capacity of its Indian mill, following the completion of an …
IMF to complete its 4th review on June 1 as SL introduced fuel price formula
May 18, 2018 (LBO) – IMF Communications Department on Thursday announced that their board is scheduled to discuss Sri Lanka’s completion of its fourth …
Janashakthi life business reports Gross Written Premium of Rs.764Mn , YoY growth 8-pct
Janashakthi Insurance PLC (Janashakthi) reported its financial results for the three month period ended 31st March 2018. Janashakthi had divested its …
Samsung launches Galaxy J7 Duo in Sri Lanka
Samsung Sri Lanka expanded its best-selling range of Galaxy smartphones by introducing Galaxy J7 Duo. Galaxy J is Sri Lanka’s most popular smartphone series, …
Nations Trust Bank – Realizing Dreams
The Nations Trust story began more than 18 years ago when a small new bank full of determination,entered a field dominated by titans with a dream to carve out …
Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing
May 18, 2018 (LBO) – Sri Lanka’s liquid petroleum gas (LPG) prices should be adjusted using a pricing mechanism that is transparent, impartial and …
Virtusa Corp reported a Q4 2018 revenue of 281.3 million, Up 6.6-pct
(PRESS RELEASE) Fourth quarter fiscal 2018 revenue of $281.3 million, increased 6.6% sequentially and 24.5% year-over-year, inclusive of $5.7 million from …
Sri Lanka’s Telecommunication Ministry signs MoU with Microsoft
May 17, 2018 (LBO) – The Telecommunication, Digital Infrastructure and Foreign Employment Ministry signed a Memorandum of Understanding (MoU) with …
Simplicity in Business Management is here with the lightest Business App
(PRESS RELEASE) – thinkCube Systems (Pvt) Ltd, the pioneering cloud application builder, has yet again introduced an innovative product to serve the …
Sri Lanka’s Comm Bank reports PBT of Rs.6.3Bn, up 21-pct
May 15, 2018 (LBO) – Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of 7.677 billion rupees and profit before tax of 6.337 …
HNB Group records Rs7.2Bn PBT in Q1
May 15, 2018 (LBO) – Sri Lanka’s Hatton National Bank reported a first quarter profit after tax growth of 22.5 percent to 4.5 billion rupees, while …
Iranian companies to provide tech and engineering services to Sri Lanka
May 14, 2018 (LBO) – Iranian President Hassan Rouhani said that relations between Iran and Sri Lanka will be developed in all fields, stressing that the …
Teejay Lanka’s PAT Rs.508Mn; Up 3-pct
May 09, 2018 (LBO) – Teejay Lanka PLC has reported a profit after tax for the March quarter of 508.4 million rupees, an increase of 3 percent principally …