Companies

Sri Lanka Securities Exchange Act to be presented in Parliament

Oct 25, 2017 (LBO) – Sri Lanka’s cabinet of Ministers has given their nod to publish in the gazette and present in parliament for approval the new …

Sri Lanka’s CSE to rename Default Board as Watch List from 2018

Oct 17, 2017 (LBO) – Colombo Stock Exchange said it will rename the default board as ’Watch List’ with effect from January 2018 in line with the new …

Use Submit A Tip section of CSE to report market manipulations

Oct 12, 2017 (LBO) – Colombo Stock Exchange has included a separate section inside their official website, allowing anyone to report market manipulations via …

Virtusa Corporation up 13 notches in global FinTech Rankings 2017

Oct 11, 2017 (LBO) – Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company said it has been recognized among …

Sri Lanka to add dollar-denominated board to Colombo Stock Exchange: OBG report

Oct 11, 2017 (LBO) – The Colombo Stock Exchange (CSE) is finalising plans to launch a dollar trading board, part of a broader strategy to develop Sri …

Mohan Pandithage named new Chairman of Singer, Dhammika to Co-Chair

Oct 03, 2017 (LBO) – Sri Lanka’s Singer (Sri Lanka) which was recently acquired by Hayleys Plc has appointed, Mohan Pandithage as Chairman and …

Construction of Litro Gas Filling Factory in Hambantota awarded to Dockyard General Engineering

Sept 28, 2017 (LBO) – Sri Lanka’s Litro Gas has decided to award the contract to construct the gas filling factory of Litro Gas Lanka Company …

Singer Sri Lanka rating unaffected by shareholder change: Fitch

Sept 20, 2017 (LBO) – Sri Lanka’s Hayleys PLC’s acquisition of a controlling stake in Singer (Sri Lanka) PLC (Singer, A-(lka)/Stable) is …

Brandix named Sri Lanka’s Exporter of the Year for 5th successive year

Sept 15, 2017 (LBO) – The Brandix Group has topped Sri Lanka’s ranking of exporters for the fifth consecutive year in 2016 to be declared the …

CSE and SEC to host next Invest Sri Lanka Forum in New York

(PRESS RELEASE) – The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of …

Sri Lanka’s Singer and Hayleys issued trading halt

Sept 13, 2017 (LBO) – The Colombo Stock Exchange said that a trading halt has been issued on Singer (Sri Lanka) Plc, and Hayleys, Wednesday. Trading in …

Sri Lanka to pilot flexible working hours this month

Sept 12, 2017 (LBO) – Sri Lanka plans to pilot flexible working hours for public servants in Battaramulla commencing 18th September, an official said. …

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 …

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 …