Piramal Glass profits up 2.7 fold in Dec; wants pricing formula for furnace oil
Feb 01, 2016 (LBO) – Sri Lanka’s Piramal Glass Ceylon said profits in the quarter to December 2015 rose more than two fold to 166 million rupees from 61 …
Companies
Laugfs launches virtual shopping site in Sri Lanka
Jan 25, 2016 (LBO) – Sri Lanka’s Lfinity Pvt Limited, a subsidiary of Laughfs Holdings, announced the launch of a virtual hyper mall, ‘clickNshop.lk’, …
Sri Lanka Telco outlook improves with new budget: Fitch
Jan 18, 2016 (LBO) – Fitch Ratings has revised the outlook on Sri Lanka's telco sector to stable from negative as the new budget, introduced in December …
People’s Insurance IPO oversubscribed
Dec 16, 2015 (LBO) – An initial public offering of 50 million ordinary shares by People’s Insurance Limited, a subsidiary of People’s Leasing and …
Fitch rates Singer’s proposed debenture issue A-(lka)(EXP)
Dec 16, 2015 (LBO) – Fitch Ratings has assigned Singer Sri Lanka's proposed unsecured senior debenture issue of up to 3 billion rupees, a National Long-Term …
Sri Lanka alcoholic beverage demand sustainable despite higher prices: Fitch
Dec 09, 2015 (LBO) - Sri Lanka's alcoholic beverages makers in will be able to pass on back-to-back increases in excise duties to consumers without worrying …
Hemas eyes state-owned Lanka Hospitals Corporation
Dec 04, 2015 (LBO) – Sri Lanka’s diversified conglomerate Hemas Holdings has expressed interest in acquiring a stake of state-owned Lanka Hospitals …
Blue Diamonds to call EGM to use Right Issue to pay salaries
Dec 04, 2015 (LBO) – Sri Lanka’s Blue Diamonds is to call an Extraordinary General Meeting to obtain approval to use part of their Rights Issue funds to …
Dialog Axiata says no agreement to buy Airtel
Dec 03, 2015 (LBO) – Sri Lanka’s fixed and mobile telco operator Dialog Axiata said on Thursday that it has not entered into an agreement with any party to …
Mobitel considers strategic acquisition of local operator
Nov 28, 2015 (LBO) - Mobitel, a fully-owned unit of listed Sri Lanka Telecom, said it is considering a strategic acquisition of a local operator and denies …
Laugfs eyes Asian market with USD80mn LPG terminal, 10 ships
Nov 18, 2015 (LBO) – Sri Lanka’s Laugfs group plans to expand into Asian waters more aggressively with the launching of its planned LPG terminal to be …
Ceylon Hotels Corp to construct a 50-room hotel in Maldives for USD27.7mn
Nov 16, 2015 (LBO) – Sri Lanka’s Ceylon Hotel Corporation said that it plans to construct a 50-room hotel in Maldives with an investment of 27. online …
Dividend tracker improves equity insights: SC Securities
Oct 24, 2015 (LBO) - Sri Lanka's SC Securities believes divided tracking is one way of gaining insights into equity performance in stocks listed on the Colombo …
Germany’s Bosch commences operations in Sri Lanka, eyes construction boom
Oct 20, 2015 (LBO) – Bosch, a leading German supplier of technology and services, commenced operations in Sri Lanka to meet the increasing demand seen in the …
Textured Jersey to offer share options to employees
Sept 30, 2015 (LBO) – Sri Lanka’s Textured Jersey Lanka says it will implement an employee share option scheme (ESOS) for directors and selected executives …
Sri Lanka plans asbestos roofing import ban by 2018: President
Aug 14, 2015 (LBO) - Sri Lanka’s President says the government may ban importing of asbestos roofing by 2017-2018, as it generates health issues to the …
Sri Lanka’s Tea exporters are to be blamed for tea export reduction: Dilmah Chief
Aug 13, 2015 (LBO) – Sri Lanka’s Tea exporter, Dilmah says tea exporters who create various brand names at very cheap price levels in the global market are …
Sri Lanka’s organizations should recognize minority shareholder interest and pay sufficient dividends
Aug 03, 2015 (LBO) – Sri Lanka’s organizations should recognize minority shareholder interest and pay sufficient attention and dividends, a former head of …
Building disruptive models challenge dominant industry logic: Leapset CEO
July 25, 2015 (LBO) – Anyone can build a disruptive company, but not if you work for a big company, Mani Kulasooriya, co-founder and the chief executive of …
Sri Lanka’s Fitch downgrades Siyapatha Finance to ‘A-(lka)’
July 14, 2015 (LBO) - Fitch Ratings Lanka has downgraded Siyapatha Finance PLC's (SLFL) National Long-Term Rating to 'A-(lka)' from 'A(lka)' with a stable …