Plantation companies to lose Rs 500 mn. due to govt. vacillation on oil palm
Aug 17, 2020 (LBO) – Plantation companies will sustain a cumulative loss of more than Rs 500 million within months due to policy inconsistencies and …
Companies
MarCom Collective congratulates new Govt: Seeks partnership to rebuild industry
Aug 17, 2020 (LBO) – The MarCom Collective congratulated Prime Minister Mahinda Rajapaksa and his newly appointed cabinet of ministers as well as all …
Sri Lanka’s exports surpass USD 1bn mark in July with V shape recovery
Aug 14, 2020 (LBO) – Sri Lanka’s exports have surpassed the USD 1 billion mark in July after six months time period where a similar achievement was only …
Daintee acquisition to boost Sunshine’s defensive cash flows: Fitch Ratings
Aug 14, 2020 (LBO) – Sunshine Holdings PLC’s 100 percent acquisition of Sri Lanka-based confectionery maker Daintee Limited will increase the cash flow …
Hemas Delivers Resilient Performance Amidst COVID-19 Pandemic: Group CEO
Hemas Holdings PLC reported a consolidated Group revenue of Rs. 13.0 billion, a decline of 1.6% during the first quarter of the financial year 2020/21, …
Teejay posts operating profit of Rs. 15mn in COVID-19 hit first quarter
Teejay Lanka PLC has reported operating profit of Rs 15.2 million and profit before tax of Rs 13.9 million for the first quarter of 2020-21 but posted a …
Local manufacturers welcome new State Ministry for Pharmaceutical Manufacture
The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA) welcomed the newly elected government’s decision to create a new State Ministry for …
CAL advises Sunshine Holdings on Rs. 1.7Bn acquisition of Daintee Limited
Aug 13, 2020 (LBO) – Consolidating its stance as a Sri Lankan family business expert, Capital Alliance Partners Limited (CAL) advised Sunshine Holdings PLC …
Ceylinco Life reports 6-month income of Rs 17.1 billion
Aug 12, 2020 (LBO) – Ceylinco Life has reported gross income of Rs 17.1 billion for the first half of 2020, an improvement of 14.9 per cent over the …
LOLC finishes two years in succession as the most profitable conglomerate
LOLC Group (LOLC), the premier blue chip conglomerate concluded another financial year on a high note as per the results for the year ended 31st March 2020. …
Ceylon Chamber congratulates PM & welcomes strong mandate for accelerated economic revival
The Ceylon Chamber of Commerce congratulates Prime Minister Mahinda Rajapaksa and the newly elected government on its victory at the 2020 General Election and …
National Chamber of Exporters welcomes new Govt.
Aug 10, 2020 (LBO) – The National Chamber of Exporters of Sri Lanka (NCE) congratulated the newly concluded election and the great victory achieved, in …
Hotels Association welcomes new PM and Govt: Call for tourism development
Aug 10, 2020 (LBO) – The Hotels Association of Sri Lanka (THASL) congratulated President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa for …
Chitranjali Dissanayake appointed Director General of Export Development Board
Aug 08, 2020 (LBO) – Chitranjali Dissanayake has been appointed as the Director General of Sri Lanka Export Development Board (EDB) with effect from 4 August …
Are caveat notices strangling the condominium industry in Sri Lanka?
Kapila Gamage Attorney-at-Law and Condominium Consultant The condominium developers of Sri Lanka are being terrorized by a new kind of threat that is …
Court refuses injunction sought by LRI to prevent allocation of land to foreign investor
Aug 06, 2020 (LBO) – The District Court of Colombo made Order refusing an Injunction sought by Lanka Realty Investment (formerly Ascot Holdings PLC) in …
Sri Lanka’s GDP contracts by 1.6% in 1Q 2020
Aug 06, 2020 (LBO) – Sri Lanka’s GDP growth rate for the first quarter of 2020 has been estimated as 1.6 percent of negative growth rate, when …
Sri Lanka’s Seylan Bank to issue listed debentures
Jul 30, 2020 (LBO) – Sri Lanka’s Seylan Bank is to issue two types of listed debentures, the bank said in a stock exchange filing. The bank at a meeting …
JKH posts negative Rs.2.43bn as Group PBT in June quarter, recovery faster than anticipated
Jul 29, 2020 (LBO) – Sri Lanka’s diversified John Keells Holdings says that the business recovery is reverting to almost pre-COVID-19 levels, faster …
Nations Trust Bank American Express ties up with PickMe
Nations Trust Bank American Express joins hands with PickMe, Sri Lanka’s leading mobility solutions provider, to provide convenient and cashless payment …