Category: Industry
Dialog Axiata FY 2017 NPAT Rs10.8Bn, Rs27.3Bn Invested in Infrastructure
• Net Profit After Tax Rs10.8Bn • Recommended Dividend: 35% of Earnings, 46 Cents per Share • Direct and Indirect Contribution in Taxes, Fees and Levies to GoSL: Rs35.7Bn • Investment in High Speed Broadband and Other Infrastructure: Rs27.3Bn Dialog Axiata PLC announced, Friday 9th February 2018, its consolidated financial results for the year ended […]
Consumer goods & agri sectors boost Sunshine group profits by 23-pct
9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri and Consumer Goods sector results • Healthcare revenue up 3.3% YoY to Rs. 6.0 billion • Strong growth in Consumer Goods, revenue up 27.4% YoY to Rs 3.8 […]
Sri Lanka Central Bank issues clarification on media reports over Government debt
Feb 09, 2018 (LBO) – The Central Bank of Sri Lanka (CBSL) in reply to media reports on debt says it compiles and publishes central Government debt based on its database on issuance of domestic debt and international commercial borrowings on behalf of the Government and also the information it received from ministries. “Attention of […]
PDO seeks feedback of beauty culture entrepreneurs to develop sector
Feb 08, 2018 (LBO) – Policy Development Office of the Prime Minister’s Office is currently seeking feedback from beauty culture entrepreneurs to identify the issues in the sector.Policy Development Office (PDO) said there is a high response rate for the ongoing island wide survey regarding the field of beauty-culture. Data analyzing process is yet to […]
Lanka Property Web to hold second successive show
Feb 08, 2018 (LBO) – Lanka Property Web.com will be hosting for the second successive year Sri Lanka’s largest property show, scheduled to be held on February 16th and 17th at the Kingsbury Hotel. Over 20 exhibitors are expected to participate at this year’s event, the web site said issuing a statement.Visitors will be able to view […]
AmCham hosts Stephen Renna from U.S. Department of Commerce
(PRESS RELEASE) – Stephen Renna, Director, Advocacy Center, U.S. Department of Commerce, International Trade Administration will meet with members of the American Chamber of Commerce in Sri Lanka this Friday. The meeting will focus on initiatives being carried out by the Advocacy Center to boost business for U.S. companies as well as an open discussion […]
‘s Biz climate
Feb 08, 2018 (LBO) – A Japanese business delegation, including chief executive officers and leading officials of some of the largest companies is visiting Sri Lanka to look at future investment opportunities, the Board of Investment said. A delegation of 59 are visiting the island on invitation of the Prime Minister and participated at the Sri […]
Sri Lanka Tourist arrivals up 12.6-pct in Jan 2018
Feb 07, 2018 (LBO) – Tourist arrivals to Sri Lanka rose 12.6 percent from a year earlier to 246,972 in January 2018 with Indian visitors taking the lead, official data shows. Arrivals from India were up 40 percent from 31,173 to 43,643 in January from an year ago. However Chinese arrivals were down 22 percent to […]
Sri Lanka Malabe – Fort LRT project to commence by Dec 2018
Feb 06, 2018 (LBO) – Sri Lanka’s Ministry of Megapolis and Western Province Development says that preliminary work on the Light Rail Transport (LRT) project between Malabe and Fort will commence by end of the year once the feasibility study completed in June.“We are currently in the process of doing the feasibility study for six LRT […]
Fitch assigns Lankaputhra first-time BBB-(lka) rating; outlook positive
Fitch Ratings has assigned Lankaputhra Development Bank Limited (LDB) a National Long-Term Rating of ‘BBB-(lka)’. The Outlook is Positive. KEY RATING DRIVERS LDB’s National Long-Term Rating reflects Fitch’s expectation that the bank would receive extraordinary support from the Sri Lankan sovereign, if required. Fitch believes the sovereign’s propensity to extend support to the bank stems […]
Germany’s Allianz SE to buy Janashakthi General Insurance for Rs16.4bn
Feb 02, 2018 (LBO) – Janashakthi Insurance is selling its general insurance business to Allianz SE in Germany for 16.4 billion rupees subject to adjustments, the company said in a stock exchange filing. Janashakthi Insurance said the transaction is subject to several conditions precedent which have to be satisfied by the parties, including addressing any […]
Sri Lanka signs the Framework Agreement on International Solar Alliance
Feb 02, 2018(LBO) – The High Commissioner for Sri Lanka in India, Chitranganee Wagiswara signed the Framework Agreement of the International Solar Alliance (ISA) at the Ministry of External Affairs of India in New Delhi, recently. Once the Agreement is ratified, Sri Lanka will become a founding member of the International Solar Alliance. With a […]