Category: Industry
Asanga Seneviratne selling Anilana Hotels (ALHP) shares
September 5, 2018 (LBO) – Famed stock market operator Asanga Seneviratne is selling some of his shares in CSE listed Anilana Hotels (ALHP).Asanga Seneviratne has on September 4th sold 300,000 shares at a price of Rs1.2/share. This information became public via a CSE disclosure released on September 6th.Initially an erroneous disclosure had said the shares […]
CSE flags irregular trading in shares of MTD Walkers (KAPI)
September 4, 2018 (LBO) – On August 31st, the Colombo Stock Exchange (CSE) has queried listed construction firm MTD Walkers (KAPI) on unusual trading in its shares.In a response to the CSE which was disclosed on the CSE website, the company responds to the CSE by saying that: “We write to confirm that the Company […]
Palm oil industry association launched to advocate sustainable growth in Sri Lanka
Sept 04, 2018 (LBO) – Sri Lanka’s Oil Palm industry has formally inaugurated an industry association under the aegis of the Ceylon Chamber of Commerce to promote common interests and advocate ‘Sustainable Growth through Responsible Production.’ Representing cultivators of oil palm, and refiners, processors, manufacturers, marketers and sellers of palm oil and other products of […]
Sri Lanka BoI targets 35 projects with Rs.46.4Bn in investments in the North
Sept 03, 2018 (LBO) – The Northern Province has benefited from investment as a result of the efforts of the Board of Investment of Sri Lanka. Among the BOI investments there are currently 6 apparel manufacturers which represent an investment of 8,000 million rupees and employ 7,917 workers. Another 15 projects in different sectors are […]
‘s KTA Asian Freestyle Championships come to Kalpitiya
September 3, 2018 (LBO) – Media Release The KTA, Asia’s long established kiteboard competition organisation is heading to Sri Lanka to bring the country’s first ever international competition in the sport – the KTA Sri Lanka Asian Freestyle X Championships. Kiteboarding has been growing steadily in Sri Lanka, as its strong wind reputation and stunning […]
Leveraging trade-investment nexus will enable Sri Lanka create high value jobs: Fin Min
Sept 03, 2018 (LBO) – Leveraging the trade-investment nexus will enable Sri Lanka to create high value jobs and attract technology to drive productivity growth and real wage growth for citizens, the Finance Minister says. “In addition to enabling market access, it is also essential to address the supply side bottlenecks for investors,” Mangala Samaraweera, […]
Oligarch Chat: Sumal wants to avoid tax, Harry wants Rs25bn, and Pathirage wants a dictator
September 2, 2018 (LBO) – As video clips move through traditional and social media, the public is abuzz about the comments made by some of Sri Lanka’s most powerful businessmen at the ‘Fireside Chat’ event last week at the Colombo Hilton. The event featured panelists: Dhammika Perera, Harry Jayawardena, Janak Hirdaramani, Merril Fernando, Sumal Perera […]
‘s oligarchs
August 31, 2018 (LBO) – Arguably Sri Lanka’s richest man, Dhammika Perera struck a patriotic tone at the recent “fireside chat” event at the Colombo Hilton. In a panel that comprised some of Sri Lanka’s most wealthy and influential businessmen (no women were on the panel), Perera stood out from the pack. The panel included […]
‘s petroleum data next week
Aug 31, 2018 (LBO) – Research vessel BGP Pioneer, sailing under the flag of Panama is to commence seismic data acquisition for exploring Sri Lanka’s prospects for petroleum resources in selected offshore areas of the island. The vessel is expected to call Colombo Port on Saturday and the operations are scheduled to be commenced ceremonially on […]
Former Combank CEO Jegan Durairatnam joins DFCC as an Independent Non-Executive Director
August 31, 2018 (LBO) – Former CEO of Commercial Bank (COMB) Jegan Durairatnam has been appointed to the Board of Directors of DFCC. He joins the board as an independent non-executive Director. Duriaratnam spent 36 years at Commercial Bank rising to the level of CEO. Commercial Bank is the largest private sector bank in Sri […]
‘s Expolanka Freight extends global footprint with new office in Malaysia
Aug 30, 2018 (LBO) – EFL (Expolanka Freight) a global freight-forwarding company headquartered in Sri Lanka is setting up its 18th overseas operations in the regional hub of Malaysia. The company is taking over an existing operation managed by its parent company SG Holdings Global and will officially open for business in Kuala Lampur on 1 September 2018. […]