Category: Industry
Sri Lanka’s DFCC Vardhana Bank to issue debt
May 20, 2015 (LBO) – Sri Lanka, DFCC Vardhana Bank PLC, is to issue 50,000,000 subordinated and senior unsecured listed redeemable rated debentures at an issue price of 100 rupees per share, with a minimum of 20,000,000 debenture allotted to each type of debenture, the company said in a filing to Colombo Stock Exchange. The […]
Sri Lanka’s ex central banker calls for tec savy banks to suit modern customers
May 20, 2015 (LBO) – Sri Lanka’s banking sector needs to invest more in modern technology as the new generation is much more tech savvy, a former Central Banker said. “Most of the banks need to further introduce technology today.They were in the wave of technology that started in the 1990’s but now its 2015 […]
Sri Lanka needs to export, export and export: Ravi K
May 20, 2015 (LBO) – Sri Lanka’s new rulers said that the country needs to focus on exporting more products and services as the government’s strategy is to develop the local export market to be able to compate in the international areana. “Our thrust is to ensure that we have exports, exports and more exports,” […]
Disney film “Monkey Kingdom” filmed in Sri Lanka crosses US$14.3mn ticket sales
May 18, 2015 (LBO) – Sri Lanka tourism promotion office says, the Island is expecting a US tourism boom following the recently produced Disney documentary movie “Monkey Kingdom’s ticket sales crossing 14.3 million US dollars as at day 28 in United States. “This is a big win for Sri Lanka as in the documentary category […]
Sri Lanka’s DFCC and Vardhana bank to merge
May 18, 2015 (LBO) – Sri Lanka’s DFCC Bank and DFCC Vardhana Bank has applied to the Central Bank for provisional approval to merge, the banks said in a joint filing in the Colombo Stock Exchange.The statement said, the decision was made by the board of directors of DFCC and DVB after due consideration that […]
Sri Lanka Cricket reappoints Angelo as test and ODI captain
May 14, 2015 (LBO) – Sri Lanka Cricket has decided to re-appoint Angelo Mathews as the captain of the Sri Lanka national team for the test and ODI formats.Sri Lanka Cricket said the appointment follows a selection committee meeting held with national selectors.According to media reports his appointment is to commence from upcoming tour of […]
‘s Commercial Bank profits up 10-pct to 2.53bn rupees
May 14, 2015 (LBO) – Sri Lanka’s Commercial Bank reported a profit after tax of 2.5 billion rupees for the three months ended March 31, a rise of 10.1 percent from the same period last year, the bank’s interim results filled with the stock exchange showed. The growth in deposit and lower cost of funds […]
Sri Lanka’s Islamic banking and finance sector assets grow 42- pct in 2014
May 14, 2015 (LBO) – Sri Lanka’s Islamic Banking and finance (IBF) has grew 42 percent to 50 billion assets in 2014, Minister of Industry and Commerce said in a statement. In 2013 the total assets were 35 billion rupees. However the penetration is slow, Minister Rishad Bathiudeen said at a ceremony held in Colombo […]
Sri Lanka’s Central Bank to settle Golden Key depositors: Ravi K assures
May 13, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake says that the Central Bank will take the responsibility of paying the defaulted Golden Key depositors after they withdraw their cases that are to be taken up on 18 May 2015.He made this comment following a meeting held with the depositors at the Finance […]
Sri Lanka’s online property portal Lamudi releases updated Android app
May 13, 2015 (LBO) – Sri Lanka’s real estate marketplace Lamudi has recently released an updated version of its Android app to make it easier for house-hunters to. Version 2.0 of the app, Lamudi: Property for Sale & Rent, offers overall better speed and performance, making it easier to browse through Lamudi’s global catalogue of […]
‘s authorities should be cautious when issuing building permits: Harsha de Silva
May 13, 2015 (LBO) – Sri Lanka’s Municipal councils and local authorities should be more cautious when issuing building permits to people in areas where there are high tension power cables, a Deputy Minister said.“People must get the correct approvals for the construction of their houses from the relevant Municipal council or authority,”Harsha De Silva, […]
Sri Lanka’s Hemas Hospitals chain gets new MD
May 13, 2015 (LBO) – Sri Lanka’s Hemas Hospitals said Lakith Peiris has been appointed as the chain’s new Managing Director with effect from 01st of April this year. He will overlook the three Hemas Hospitals at Wattala, Galle and Thalawathugoda and their 32 laboratories around the country. Peiris had also held the position of […]