Seylan Bank records Rs 1.5Bn profit after tax during 1H 2019
Seylan Bank recorded a steady performance with Profits before Taxes reaching Rs. 3,476 Million for the 6 months ended 30th June 2019 against the Rs. 2,996 …
Companies
Technology, Digital Transformation drives Sri Lanka’s future of business: IBM Forum
July 30, 2019 (LBO) – IBM today conducted an IBM Innovation Forum in Colombo that brought together business leaders to explore how they can leverage …
BOI issues directive to all Hub Operators banning importation of post-consumer materials
July 26, 2019 (LBO) – Sri Lanka’s Board of Investment has issued a directive to all Hub Operators prohibiting with immediate effect, importation of …
Sri Lanka’s 1st dollar sovereign bond fund poised for global investors
Jul 26, 2019 (LBO) – Strong demand on the recent issuance of Sri Lankan International Sovereign Bonds (ISB) signals potential for a strong economic …
JKH transportation, consumer foods and retail witness strong growth in Q1
Jul 25, 2019 (LBO) – John Keells Holdings PLC reported a 5 percent growth in Group revenue during the first quarter of the year of Rs.31.74 billion …
Knit fabric maker Teejay announces plans to diversify in to lace
Jul 25, 2019 (LBO) – Teejay Lanka PLC, Sri Lanka’s only multinational textile mill, has announced plans to partner with a leading Chinese company to …
CA SL to host regional forum on finance professionals combating corruption
Jul 25, 2019 (LBO) – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will host a regional forum in Colombo next week on the role of …
Hayleys Free Zone decides to process & re-export cargo in question expeditiously
July 22, 2019 (LBO) – Hayleys Free Zone Limited today revealed that it has taken a decision to process the cargo in question and re-export them expeditiously …
BOI to take action against Hayleys Free Zone Ltd for failed waste re-exports
July 19, 2019 (LBO) – Sri Lanka’s Board of Investment is to take stern action against Hayleys Free Zone Limited for failing to meet commitment laid out in …
BOI inks agreement with edotco to equip Sri Lanka with Smart City Solutions
July 17, 2019 (LBO) – The Board of Investment (BOI) and edotco Sri Lanka, an integrated telecommunications infrastructure services company today entered into …
SenzMate, the Internet of Things tech company born in Jaffna
By Jekhan Aruliah I visited SenzMate a few months ago, and am only now getting around to writing about them. The reason for my hesitation has been although …
Fitch downgrades Bimputh Finance to ‘BB-(lka)’; outlook stable
July 12, 2019 (LBO) – Fitch Ratings Lanka has downgraded Bimputh Finance PLC’s National Long-Term Rating to ‘BB-(lka)’ from ‘BB(lka). …
John Keells empowers skills development of over 9200 youth in 2018/19
(PRESS RELEASE) “When I came home with my poor O/L results, my father asked me what I would do with my life now? He actually gave up on me. It was my mother …
BOI signs deal with Japanese company to set up Boutique Hotel with USD 8.4Mn investment
July 10, 2019 (LBO) – Sri Lanka’s Board of Investment recently signed a new investment agreement with Wakana JPN (Pvt) ltd. to construct and operate a …
Improving macro stability, lower yields may strengthen equity returns: First Capital
July 05, 2019 (LBO) – Despite the Easter Sunday attacks Sri Lanka’s economic outlook has shown signs of resilience and ability to recover quickly as …
Ceylon Chamber calls for more transparency on SOFA & MCC
July 03, 2019 (LBO) – Ceylon Chamber requests the Government of Sri Lanka to clarify the exact position with regards to the current status of the proposed …
SriLankan aims Rs75mn annual cost saving by moving back-office functions to Katunayake
July 03, 2019 (LBO) – The Board and Management of SriLankan Airlines have taken a decision to relocate all its corporate offices in the World Trade Centre to …
The Lean Six Sigma Company launches its operations in Sri Lanka
With the motive of supporting organizations and individuals in their ambition to continuously improve processes, The Lean Six Sigma Company, one of the …
SriLankan Airlines incurs to Rs.13Bn loss in first 4 months of 2019
Jul 02, 2019 (LBO) – State-run SriLankan Airlines total loss has increased to 12,961 million rupees in the first four months of 2019, a new report said. …
Fitch affirms 5 Sri Lankan finance companies; revises outlook on MIF to negative
July 01, 2019 (LBO) – Fitch Ratings has revised the Outlook on Mercantile Investments and Finance PLC (MIF) to Negative from Stable and has affirmed the …