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Sri Lanka’s ICRA assigns [SL] A+ rating with Stable outlook to Access Engineering
July 22, 2015 (LBO) – ICRA Lanka Limited, a wholly owned subsidiary of ICRA Ltd, a group company of Moody’s Investors Service has assigned an Issuer rating …
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Shopping Fashion Online: An enormous opportunity for entrepreneurs but are we ready yet?
July 17, 2015 (LBO) – Sri Lankan fashion entrepreneurs are open to vast opportunities in the digital space but will have to face a different set of …
Sri Lanka’s Fitch rates BOC subordinated debentures ‘AA(lka)(EXP)’
July 17, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Bank of Ceylon’s proposed Basel II-compliant subordinated debentures of up to 8 billion …
Sri Lanka’s Hikkaduwa Beach Resort to borrow Rs480mn from Sampath Bank
July 17, 2015 (LBO) – Sri Lanka’s Hikkaduwa Beach Resort is to borrow 480 million rupees from Sampath Bank after mortgaging its land and building, the …
Sri Lanka’s Fitch Rates People’s Leasing’s Senior Debt ‘AA-(lka)(EXP)’
July 16, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned People’s Leasing & Finance proposed senior unsecured debentures of up to 6 billion …
Sri Lanka Dankotuwa Porcelain gets new CEO
July 15, 2015 (LBO) – Sri Lanka’s Dankotuwa Porcelain said, Wasaba Jayasekera was appointed as the Chief Executive Officer with effect from 15th July 2015. …
Sri Lanka JKH’s Cinnamon Life targets future digital world: Deputy Chairman
July 15, 2015 (LBO) – Sri Lanka’s John Keells Holdings, a listed blue chip company said that its 850 million US dollar mixed development project of …
Sri Lanka’s Asiri Central Hospitals sells Horton Place land for RS2.7bn
July 10, 2015 (LBO) – Sri Lanka’s Asiri Hospital Holdings said a sale and transfer of land and premises owned by Asiri Central Hospitals was completed …
SriLankan Airlines, airberlin and NIKI codeshare mulls boost in tourism
July 6, 2015 (LBO) – SriLankan Airlines, airberlin the second largest airline in Germany and its subsidiary NIKI signed a new codeshare agreement …
Ceylon Biscuits group chairman retires after 48 years of service
July 06, 2015 (LBO) – Sri Lanka’s biscuits manufacturing giant Ceylon Biscuits group said its Chairman Mineka P. Wickramasingha has been retired after 48 …
“SRI LANKA – TECHNOLOGY DRIVES DISRUPTION: EMBRACE OR FACE EXTINCTION” | LBR LBO SUMMIT 2015
LBR LBO Annual Enterprise Summit 2015 will be held on 14th July at Oak Room, Cinnamon Grand with a total of 30 speakers both local and Intentional. This …
SriLankan airline loss Rs4.9bn in first four months of 2015
July 2, 2015 (LBO) – Sri Lanka’s state owned SriLankan airline recorded a loss of 4.9 billion rupees during the first four months of 2015, statistics …
Nawaloka Hospitals commences Rs2.5bn construction of multi-story car park
July 2, 2015 (LBO) – Sri Lanka’s Nawaloka Hospitals commenced construction of a 14 floor multi-storey car park and specialist center adjacent to the …
Commercial Leasing and Finance to issue debt
July 2, 2015 (LBO) – Sri Lanka’s Commercial Leasing and Finance to issue 50,000,000 rated, senior, unsecured, redeemable debentures at an issue price …
Lanka Rating Agency not entitled in law to carry on business as a Credit Rating Agency nor review ratings: SEC
July 1, 2015 (LBO) – Sri Lanka’s Securities and Exchange Commission of Sri Lanka (SEC), at its meeting held on the 29th of June 2015, decided that due …
Sri Lanka’s Access Engineering to enter property development sector
June 30, 2015 (LBO) – Sri Lanka’s leading construction company, Access Engineering is to enter into the highly growing property development sector with 524 …
Sri Lanka’s Bartleet Finance and Orient Finance to be merged
June 29, 2015 (LBO) – Sri Lanka’s Bartleet Finance Plc, and Orent Finance had been given approval by shareholders, to merge both companies, Orient Finance …
Nation Lanka finance to issue Rs502mn right issue
June 26, 2015 (LBO) – Sri Lanka’s Nation Lanka finance, a finance company to issue 502 million right issue to existing shareholders to strengthen the core …
Stocks close down 0.3-pct ahead of possible polls call
June 25, 2015 (LBO) – Sri Lanka’s stocks closed lower with index heavy stocks losing ground ahead of possible dissolution of Parliament, brokers said. The …
JKH waterfront properties finalise USD395mn loan
June 25, 2015 (LBO) – Sri Lanka’s Waterfront properties limited, a subsidiary of John Keells holding said it has finalized a syndicated project development …