Category: Other
Expolanka Holdings top line grows 7 pct in June quarter
Aug 09, 2016 (LBO) – Expolanka Holdings, which operates in areas including logistics and leisure, said it recorded seven percent growth in revenue to 14.96 billion rupees in the June quarter, which was a resilient performance amidst challenges. With its strategic shift towards growth sectors in logistics and leisure, operating profit increased 20 percent to […]
Ceylinco Life head office gets biggest solar power system in Colombo
Aug 09, 2016 (LBO) – Ceylinco Life has broken new ground in the sphere of eco-friendly operations with the installation of the biggest solar electricity system in Colombo, the company said. The life insurance company said it is converting its head office building in Colombo 5 to solar power, with a system capacity of 63.18kW. […]
Largest Chinese incentive group visits Sri Lanka
A group of 134 Chinese tourists recently arrived in Sri Lanka from Shanghai, China. The visiting Chinese tourists are part of a group of over 1575 passengers, which makes it one of the biggest incentive groups to have visited Sri Lanka. The tour was organized by SriLankan Airlines Shanghai office in collaboration with Lanka Sportsrizen […]
ROYAL TURF CLUB COMMENCES RACES ON 20 AUGUST
Nuwara Eliya is going to be buzzing again. It was almost as if the town had gone into hibernation thanks to the rain in the months of June and July, But suddenly there’s a ripple of excitement in the air and it’s all emanating from the Home of the Royal Turf Club – The Race […]
Japan hands over 12 waste collection trucks to Colombo Municipal Council
Kenichi Suganuma, Ambassador of Japan handed over 12 Waste Collection Trucks to V.K.A. Anura, Municipal Commissioner, Colombo Muncipal Council (CMC) in the presence of Isura Devapriya, Chief Minister of Western Province at an official handing over ceremony held at the Colombo Municipal Council premises. “The Project for Upgrading Waste Collection Trucks in Colombo” under Grant […]
Promoting Biogas among Local Technical Officers for Greener and Sustainable Construction Efforts
(PRESS RELEASE) – Janathakshan Gte Ltd and People in Need, Cz conducted a biogas awareness and promotional workshop on renewable energy, biogas and waste management for 65 technical officers on July 29, 2016 at the Western Province Waste Management Authority. The technical officers belonged to local authorities in Western Province and are those in-charge of […]
Janashakthi Insurance records remarkable growth in 1H, 2016
Janashakthi Insurance PLC (Janashakthi) posted a consolidated Profit After Tax (PAT) of Rs. 630 million for the six months ended 30th June 2016, recording an impressive Year-on-Year growth of 198%. Consolidated Gross Written Premium (GWP) grew by 34% to Rs. 6.5 billion with the Company’s Non-Life segment leading the charge with 41% growth in GWP […]
Sri Lanka PM meets business leaders at Horton Debate
Aug 05, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe met leading business personalities at a dinner event organized by the Horton Debate Society in Colombo recently. At the well-attended function, Prime Minister Wickremesinghe explained his plans for electoral reforms, constitutional amendments and the initiatives underway to develop the economy. The Prime Minister was […]
‘s senior debt final BBB+(lka)
Fitch Ratings has assigned Senkadagala Finance PLC’s (SFC: BBB+(lka)/Stable) issue of senior unsecured redeemable debentures of up to LKR3bn a final National Long-Term Rating of ‘BBB+(lka) ‘. The final rating is the same as the expected rating assigned on 13 June 2016, and follows the receipt of documents conforming to information already received. The amount […]
Sixty SMEs from the Eastern and Central Provinces joins SME ProLink to strengthen business
SME Pro-Link, an initiative of the GIZ and CCC and which was launched last year is planning to launch its 2nd phase. Accordingly, the second “SME ProLink: Unity Through Business” Programme in Trincomalee would be organized in Trincomalee District and would provide opportunities to the participating SMEs and the stakeholders of the Food and Beverage […]
MR seeks President’s intervention into upcoming VAT hike
[pdf-embedder url=”http://lbo-stg.efserver.net/wp-content/uploads/2016/08/VAT-Bill-English.pdf” title=”VAT Bill English”]
CA Sri Lanka underscores importance of re-strategizing businesses
President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Mr. Lasantha Wickremasinghe recently underscored the importance for companies to ‘redefine, re-strategize and modify ’ their business models which, according to him, will not only help ensure the long term success and sustenance of organisations, but will also contribute towards achieving the […]