Category: Companies

Apr 02, 2015 (LBO) – Sri Lanka’s stocks closed higher for the third consecutive day with Access Engineering gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 32.06 points higher at 6,948.14 up 0.46 per cent. The S&P SL20 closed 8.91 points higher at 3,909.58 up 0.23 per cent. […]

Apr 01, 2015 (LBO) – Sri Lanka’s Board of Investment (BOI) Chief said, recently introduced electronic commerce or paperless operations helps to reduce malpractices in work place.Upul Jayasuriya , chairman of the Board of Investment of Sri Lanka was quoted as saying, that he was favourable to the paperless operations by introducing advanced Information Technology […]

Apr 01, 2015 (LBO) – Sri Lanka’s E.B Creasy has acquired full stake of Lanka Special Steels ltd on Tuesday, the company said in a stock exchange filing.E.B Creasy which has interests in logistics and manufacturing has purchased 2.5 million ordinary shares of Lanka Special Steels ltd from Tata Steel ltd for 433 million rupees.Lanka […]

Mar 25, 2015 (LBO) Sri Lanka is lucky it managed to postpone the vote at the Human Rights council and avoid possible international sanctions, newly appointed state Minister of Finance, Mahinda Samarasinghe said, Wednesday. However he says, since transparency is the aim of the new government we should make these reports available for the people […]

Mar 20, 2015 (LBO) – Sri Lanka’s Securities and Exchange Commission (SEC) has directed Kalpitiya Beach Resort to call an extraordinary general meeting for not complying with a construction work stated in the prospectus.In 2011, Kalpitiya Beach Resort has raised 283.5 million rupees from an initial public offering stating that the funds will be utilized […]

March 09, 2015 (LBO) – Sri Lanka Telecom, the national telecommunications provider has appointed Dileepa Wijesundera as their new group chief executive officer, with effect from 9th March 2015.Wijesundera, an engineer by profession held key positions in the country’s public sector including the chairmanship of Sri Lanka Ports Authority, Sri Lanka Land Reclamation and Development […]

Mar 03, 2015 (LBO) – Sri Lanka Telecom (SLT) Group, the holding company consisting of seven subsidiaries has appointed Dileepa Wijesundara as the Group Chief Executive with effect from 9th March 2015, following the resignation of the present Chief Executive, the company said in a filing to stock exchange. De Silva has resigned with effect […]

Mar 03, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) today announced the launch of Facebook and LinkedIn Pages to ensure greater engagement with stakeholders through social media channels, in its endeavour to broad-base investment amongst the masses.“It is vital that investment is broad-based and retail investors both within and outside of Colombo have […]

Mar 03, 2015 (LBO) – Sri Lanka’s diversified conglomerate Hemas Holdings is to broad base its ownership and raise liquidity after major shareholders of the firm opt out a proposed rights issue.The company has been informed of the decision taken by the major shareholders to allow other investors to become shareholders or to increase their […]

Feb 27, 2015 (LBO) – Sri Lanka’s John Keells Holdings has informed Fitch Ratings Lanka, a rating agency that it will terminate its rating agreement with the company with effect from 27 March 2015, the company said in a filing to stock exchange. John keels also said that it would consider an international rating when […]

Jan 30, 2015 (LBO) – Sri Lanka’s John Keells Holdings said it will continue the Waterfront property project as planned despite the new government’s amendment to restrict the ability to rent space for gamin facility.The company said this in a stock exchange filling today. JKH says even though the proposed amendment will constrain the ability […]