Moody’s downgrades ratings of BOC, HNB, Sampath Bank; changes outlooks to stable
Nov 21, 2018 (LBO) – Moody's Investors Service has downgraded the long-term local currency deposit and foreign currency issuer ratings of Bank of Ceylon …
Companies
Sri Lanka lubricant market share shifting: Report
Nov 21, 2018 (LBO) - Sri Lanka's lubricant market dynamics are shifting with market share of Chevron and Indian Oil dipping, a new report shows. According to …
Fitch Affirms Sunshine Holdings at ‘A-(lka)’; Outlook Stable
Nov 16, 2018 (LBO) - Sri Lanka-based Sunshine Holdings PLC's National Long-Term Rating has been affirmed at 'A-(lka)' with a stable outlook, Fitch Ratings …
Ceylinco Life appoints new Chairman and MD
Nov 16, 2018 (LBO) - Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of R. Renganathan, the Company’s managing director/CEO, …
Sri Lanka business chambers call for urgent action to resolve political situation
Nov 15, 2018 (LBO) – Sri Lanka business chambers have called upon all those responsible to accord the highest priority to national interest and refrain from …
Hayleys records turnover of Rs.103Bn for six months ending September
Nov 13, 2018 (LBO) - Hayleys PLC, a diversified conglomerate posted a 65 percent Year-on-Year (YoY) increase in turnover up to 103 billion rupees for the six …
Sri Lanka port volumes up
Nov 13, 2018 (LBO) - State owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3 percent in …
Dipped Products posts PBT of Rs.553Mn in 1H 2018/19
Nov 13, 2018 (LBO) - Dipped Products Group, a subsidiary of the Hayleys Group reported a profit before tax of 553 million rupees for the 1H of 2018/19, a …
Pathway to membership of CA ANZ available for members of CA Sri Lanka
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Accountants Australia & New Zealand (CA ANZ) signed a landmark …
Piramal Glass top line grew by 14-pct during half year ended Sept 2018
Piramal Glass Ceylon PLC has reported its results for the 1st half of the year FY 2018-19 with Rs. 3,586 million of Revenue and Rs. 38 million of Profit After …
Colombo Stock Exchange withdraws trading suspension on Adam Investments
Oct 25, 2018 (LBO) – Colombo Stock Exchange says the proposed trading suspension of the securities of Adam Investments will not be effective from 29 October …
Sri Lanka introduces Business to Consumer direct transaction under E-commerce
Oct 22, 2018 (LBO) – Sri Lanka's Finance Ministry as envisaged in the Budget-2018 has established a regulatory framework enabling the Sri Lankan companies to …
Sri Lanka vehicle registrations down in Sept 2018
Oct 17, 2018 (LBO) - Sri Lanka's motor car registrations dropped to 4,990 units in September 2018 from 7,003 in the previous month following hike in taxes …
Pharma industry withdraws 11 drugs from market: Importing not commercially viable
Oct 17, 2018 (LBO) - The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) in a statement to media said that despite persistent appeals, the Government has …
SAARC looks to go high tech to boost regional trade : Minister
Oct 15, 2018 (LBO) - Despite low trade within the region, there is potential for using information and communication technologies to contribute to social and …
FMO supports Nations Trust Bank’s growth and drives job creation in Sri Lanka
Oct. 15, 2018 (LBO) - FMO, a Dutch Development Bank recently arranged a US 50 million dollar syndicated loan for Nations Trust Bank (NTB) in Sri Lanka. The …
Fitch assigns Dialog Finance first-time ‘AA(lka)’ rating; outlook stable
Fitch Ratings Lanka Limited has assigned Dialog Finance PLC (DF) a National Long-Term Rating of 'AA(lka)'. The Outlook is Stable. KEY RATING DRIVERS NATIONAL …
Sri Lanka tea prices marginally up in Sept 2018
Oct 04, 2018 (LBO) - Auction average for the month of September 2018 totalled Rs.537.77 compared to Rs.534.02 of August 2018 showing a marginal increase of …
Demand growth and urbanisation fuel Sri Lanka’s retail sector: OBG
Oct 03, 2018 (LBO) – Rising demand and an accelerating population shift to major urban centres is driving activity in Sri Lanka’s retail sector, however, …
Fitch assigns Melstacorp first-time ‘AAA(lka)’ rating; outlook stable
Oct 03, 2018 (LBO) – Fitch Ratings has assigned Sri Lanka-based conglomerate Melstacorp a National Long-Term Rating of 'AAA(lka)' with a stable outlook. …