Sri Lanka’s stock exchange launches educational web portal
Mar 03, 2016 (LBO) – the Colombo Stock Exchange on Thursday officially launched its online educational portal with the aim of improving skills and knowledge …
Companies
Singer Sri Lanka to raise Rs2bn in listed debt
Mar 02, 2016 (LBO) – Singer Sri Lanka said it is planning to raise as much as 2 billion rupees from a sale of debentures which will be quoted on the Colombo …
The Body Shop launches in Sri Lanka
Mar 01, 2016 (LBO) – The well-known British Cosmetics company, The Body Shop, has finally set foot in our paradise isle. “Gone are the days of relying …
Seylan Bank net profit up 24.4 percent for full year
Feb 29, 2016 (LBO) – Seylan Bank reported a reported a record profit after tax of 3,831 million rupees for the year ended 31st December 2015, up 24.4 …
Popular international stocks take a beating, say analysts
Feb 29, 2016 (LBO) – Popular stocks are taking a beating this year due to redemptions by sovereign and wealth funds, analysts say. These companies are …
SEC reconsiders minimum public float rule: CSE
Feb 25, 2016 (LBO) – Sri Lanka’s securities regulator is reconsidering the minimum public float rule as the intention of introducing such rule was not met, …
Sri Lanka’s Orient Finance IPO backed by Janashakthi
Feb 18, 2016 (LBO) – Sri Lanka’s Orient Finance initial public offering was backed by Janashakthi Insurance given the trying market conditions for …
Norges Bank increases shareholding in Dialog Axiata
Feb 17, 2016 (LBO) – Norges Bank has increased its shareholding in Dialog Axiata PLC to 63.7 million shares as of end December, data filed with the …
New capital adequacy requirements for stockbrokers: CSE
Feb 16, 2016 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) is in the process of implementing a Risk-based Capital Adequacy Requirement (CAR) for …
China stocks open lower with equities in bear market
Feb 15, 2016 (LBO) – China’s stocks opened 1.9 percent lower after a week-long holiday during which global equities entered a bear market. The yuan …
Bharti Airtel in talks to merge Sri Lanka unit with Dialog Axiata
Feb 15, 2016 (LBO) – Bharti Airtel is believed to be in talks to merge its wholly-owned Sri Lanka unit with Dialog Axiata in a likely share-swap deal, …
Janashakthi Insurance completes amalgamation with AIA general
Jan 31, 2016 (LBO) Sri Lanka’s Janashakthi Insurance said it has now successfully completed the amalgamation process of Janashakthi General Insurance and AIA …
John Keells Holdings 9-month net up 6-pct, 3Q net down
Jan 29, 2016 (LBO) – Sri Lanka’s diversified John Keells Holdings said group net profit grew six percent in the nine months to December despite a …
Orient Finance IPO raises Rs987 mln on opening day
Jan 26, 2016 (LBO) – Orient Finance PLC’s initial public offering had received applications for shares worth 986.9 million rupees on Monday, the …
CCP by first quarter 2017: CSE Chairman
Jan 14, 2016 (LBO) – Sri Lanka’s Colombo Stock Exchange aims to establish the Central Counter Party (CCP) system, a new risk management system, by early …
Finance Ministry delays budget proposals on VAT & NBT
Jan 13, 2016 (LBO) – Sri Lanka’s Finance Ministry has suspended implementing the budget proposals on VAT and NBT until the relevant legislative enactments …
Sri Lanka’s Orient Finance to raise Rs1bn through IPO
Jan 06, 2016 (LBO) – Sri Lanka’s finance sector player Orient Finance is to raise one billion rupees by way of an Initial Public Offering. The company will …
Sri Lanka Finlay’s get regulator nod for delisting
Dec 22, 2015 (LBO) – Finlay’s Sri Lanka unit, a blender and packager of tea exports has received the approval of the Securities and Exchange Commission to …
Sri Lanka well placed with end of war, new infrastructure: IMF’s Kvintradze
Dec 09, 2015 (LBO) – With the end of a war and recently built infrastructure, Sri Lanka businesses are well placed to benefit from new opportunities, …
Asiri Hospitals shows interest in buying Lanka Hospitals
Dec 07, 2015 (LBO) – Sri Lanka Softlogic‘s flagship hospital chain Asiri Hospitals Holdings Plc had shown interest in buying Lanka Hospitals stake, the …