Category: General Services
Sri Lanka’s Hayleys to issue listed debt
Aug 13, 2019 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the debt securities of Hayleys PLC. Hayleys said in a stock exchange filing that the company expects to raise 3 billion rupees by the issue of 20 million five-year debentures at 100 rupees each with an option to issue […]
Sri Lanka industrial production up by 2.2-pct in Jun 2019
Aug 09, 2019 (LBO) – Sri Lanka’s industrial production has increased by 2.2 percent in the month of June compared to the same month in 2018, new data show. Among the manufacturing industries; volume of products of ‘manufacture of paper and paper products’ (42.7%), ‘manufacture of coke and refined petroleum products’ (22.3%) and ‘manufacture of […]
Sri Lanka looking at establishing direct flights to Cambodia
Aug 09, 2019 (LBO) – Sri Lanka is looking at the possibility of establishing direct flights to Cambodia and to enhance tourism and trade between the two countries. President Maithripala Sirisena, who is on a state visit to Cambodia, held a meeting with Cambodian Prime Minister Samdech Akka Moha Sena Pakdei Techo HUN SEN yesterday […]
Singer revenue in Q1, 2019 marginally down for previous year
Aug 09, 2019 (LBO) – Singer (Sri Lanka) PLC results for Q1 ended June 30, 2019 indicated a Group revenue at 13.9 billion rupees, when compared to 15.1 billion rupees during the previous year. The Group recorded operating profit of 1,065 million rupees for the Q1 compared to 1,284 million rupees realized during the previous […]
Tea: July 2019 national average shows gains month on month
Aug 08, 2019 (LBO) – The national average for the month of July 2019 totalled 497.35 rupees against 494.48 rupees of June 2019, showing a marginal increase of 2.87 rupees month on month and in comparison to July 2018 average of 537.88 rupees however shows a decrease of 40.53 rupees. When analyzing the respective elevational […]
Applications accepted for CA Sri Lanka’s 55th annual report awards
Aug 07, 2019 (LBO) – To honor the best Annual Report masterpiece produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is now accepting applications for its 55th annual report awards competition from business organizations vying for honors in financial reporting. Boosted by a progressive history spanning over half […]
Piramal Glass Ceylon reports Rs.1,585Mn in revenue for FY Q1 2019/20
Aug 07, 2019 (LBO) – Piramal Glass Ceylon PLC has reported 1,585 million rupees revenue and 21 million rupees, profit after tax for the 1st quarter of FY 2019-20. The quarter under review saw the completion of the capacity enhancement project, which was undertaken by the Company in F17. The company installed a new bottle […]
‘s insurance industry records 5.7-pct growth in Q1 of 2019
Aug 06, 2019 (LBO) – The insurance industry reported a growth of 5.70 percent in terms of overall gross written premium (GWP), during the first quarter of 2019, recording an increase of 2,504 million rupees when compared to the same period in the year 2018, the Insurance Regulatory Commission of Sri Lanka said in a […]
Sri Lanka targets Rs.130Bn excise revenue in 2019; So far 24,150 raids conducted
Aug 05, 2019 (LBO) – The Excise Department has conducted 24,150 raids throughout the country during the first six months of this year under its program to minimize life risks through the elimination of illicit liquor. These raids have been carried out under the charges of brewing illicit liquor, possession of such liquor, possession of […]
Interblocks acquired by Hitachi-Omron
Aug 05, 2019 (LBO) – Interblocks, a local fintech that specializes in payment-related software for the financial and retail sectors, has been acquired by Hitachi-Omron Terminal Solutions. It will now operate as a wholly-owned subsidiary. Japan’s Hitachi-Omron Terminal Solutions announced that it had entered into an agreement for the purchase of the entire issued share […]
Dipped Products records turnover of Rs.7.8Bn
Aug 05, 2019 (LBO) – The Dipped Products Group posted 7.8 billion rupees turnover and 221 million rupees profit before tax (PBT) for the first quarter ended 30th June 2019. The hand protection segment posted a growth of 8 percent in turnover amounting to 4.4 billion rupees and contributed 219 million rupees to group PBT. […]
Central Bank asks customers to register for e-payment notification facilities
Aug 01, 2019 (LBO) – Sri Lanka’s Central Bank is requesting customers to register for real-time e-payment notification facilities in order to prevent unauthorised electronic transactions. Releasing a statement, the bank also asked customers to obtain EMV chip-based payments cards from their respective Licensed Financial Institutions without delay and exercise caution when sharing information that […]