Sri Lanka to develop internal air transport : 5 firms come forward
Jun 21, 2018 (LBO) - Sri Lanka's government and cabinet of ministers has given the go ahead to carry out an overhaul in the domestic aviation industry and …
Companies
Colombo Stock Exchange decides to delist Kalpitiya Beach Resort
June 19, 2018 (LBO) – Board of Directors of the Colombo Stock Exchange has decided to delist the securities of Kalpitiya Beach Resort subject to the approval …
S&P SL20 includes Ceylinco Ins, Melstacorp, Softlogic Holdings & Vallibel One
Jun 15, 2018 (LBO) – Colombo Stock Exchange (CSE) has announced changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the …
Fitch-rated finance Cos unlikely to face immediate rating action despite new Regs
Jun 14, 2018 (LBO) – Fitch Ratings says finance companies rated by them are unlikely to face immediate rating action, as they believe all have adequate …
Chevron Lubricants Lanka (LLUB) in Decline as CEO Kishu Gomes Exits
June 12, 2018 (LBO) - On May 22, 2018 Kishu Gomes resigned as Managing Director/CEO and as a Director of Chevron Lubricants Lanka with 'immediate effect' as …
SriLankan Airlines CEO Suren Ratwatte retires amid Commission hearings
June 08, 2018 (LBO) – SriLankan Airlines CEO Suren Ratwatte has submitted a letter announcing his early retirement, few days after Presidential Commission on …
CSE transfers companies to Watch List due to non-submission of reports
June 07, 2018 (LBO) – Colombo Stock Exchange has transferred nine companies to their Watch List with effect from today due to non-submission of interim …
![ICRA Lanka assigns [SL] A1 rating to commercial paper programme of LOLC](https://www.lankabusinessonline.com/wp-content/uploads/2015/11/LOLC-1.jpg "ICRA Lanka assigns [SL] A1 rating to commercial paper programme of LOLC")
ICRA Lanka assigns [SL] A1 rating to commercial paper programme of LOLC
June 06, 2018 (LBO) – ICRA Lanka Limited, aubsidiary of ICRA Limited, group company of Moody’s Investors Service, has assigned [SL] A1 rating to the 1,000 …
How to overcome three common challenges in software outsourcing
Outsourcing is an excellent way to cut operating expenses, but it is not a perfect tool. Businesses have reported having problems with their offshore teams due …
Swedish asset manager Tundra increases position in John Keells
June 05, 2018 (LBO) – Swedish asset manager in frontier markets, Tundra Fonder has increased their position in Sri Lanka’s largest company, John Keells. …
Sri Lanka’s insurance industry growth to continue despite extreme weather: Fitch
June 05, 2018 (LBO) – Fitch Ratings expects the exposure of Sri Lanka’s non-life insurers to extreme weather-related events to be manageable due to …
Presidential Commission on SriLankan, Mihin commences witness hearings
June 04, 2018 (LBO) – Presidential Commission appointed to look into alleged malpractices at SriLankan Airlines, SriLankan Catering, and Mihin Lanka …
Fitch Ratings to maintain a negative banking sector outlook for 2018
June 01, 2018 (LBO) – Fitch Ratings said they are maintaining a negative banking sector outlook for this year as operating conditions are likely to remain …
Elephant House commissions one of Asia’s most modern ice cream factories
Elephant House recently commissioned one of the most modern ice cream manufacturing facilities in Asia. online pharmacy buy diflucan with best prices today in …
Scandinavian countries invest 23-pct of total foreign purchases in 2018: CSE
May 30, 2018 (LBO) – Investment flows from the Scandinavian region to the Sri Lankan stock market have made a noteworthy improvement in recent years, the …
Melstacorp enters into USD20mn joint venture to distribute cement
May 25, 2018 (LBO) – Melstacorp has entered into a joint venture agreement with Pyramid Gama (Private) Limited for importation, processing, packaging, and …
Hayleys becomes first listed Sri Lankan company to cross USD1bn turnover
Building on a strong momentum gathered over the final quarter of FY 2017/18, Sri Lanka’s leading diversified conglomerate, Hayleys PLC announced a record …
ETI Finance to pay 20-pct of deposit liabilities from USD75mn sale proceeds
May 21, 2018 (LBO) – Monetary Board of the Central Bank has decided to permit ETI Finance (ETIFL) to sell its share holding in subsidiaries and investment …
Fitch says Sunshine Holdings new equity issue not enough for ratings upgrade
May 21, 2018 (LBO) – Fitch Ratings says current ratings of Sunshine Holdings will remain unchanged as the projected fall in net leverage from the proposed …
Harry J says Distilleries profits up 134-pct in 4Q17-18 after adjustments
May 04, 2018 (LBO) – Sri Lankan business magnate Harry Jayawardena in his statement to the shareholders of Distilleries said net profit after tax for the …