Category: Other
MTD Walkers gross profit margin up 7-pct in second quarter
Integrated infrastructure and engineering solutions provider MTD Walkers PLC has posted a revenue of LKR 3.6 billion for the second quarter of 2016/17. The Group has managed to increase its gross profit margin to 27% up from 20% in the second quarter last year in what continues to be a tough year for the construction […]
LBR LBO DEBRIEF to focus on unfolding economic and geo-political landscape
Nov 18, 2016 (LBO) – The fourth edition of the “Economic and Business Climate Outlook 2017” will offer an overview of emerging Asia and the Sri Lankan economy, and the views of business leaders on navigating their businesses in 2017 amidst growing economic and geo-political volatility. Lanka Business Online, LBO, will be hosting the annual […]
Australia, UK High Commissions open new Visa Application Centre in Colombo
The High Commissioners of Australia and the UK to Sri Lanka formally inaugurated VFS Global’s new Visa Application Centre (VAC) today. The new VAC is located in Arnold Ratnayake Mawatha and offers customers a larger application centre and more appointments slots. This will make the process of applying for UK and Australian visas quicker and […]
Anantaya – Chilaw wins at World Luxury Hotel Awards 2016
(PRESS RELEASE) – Anantaya Resort & Spa – Chilaw did Sri Lanka proud on the global tourism stage, grabbing the Country Award for Luxury Hotel and Conference Centre in addition to walking away with the coveted Regional Award for Luxury Wedding Destination at the 2016 World Luxury Hotel Awards ceremony held in Qatar. Setting a […]
Statement by FM at 22nd Climate Change Conference (COP22) in Marrakech
(PRESS RELEASE) – Minister of Foreign Affairs Hon. Mangala Samaraweera participated at the High Level Segment of the 22nd Session of the Conference of Parties to the United Nations Framework Convention on Climate Change (COP22) and the 12thSession of the Conference of Parties serving as a Meeting of Parties to the Kyoto Protocol, on 16 […]
Sri Lanka planters warn on land redistribution budget proposals
Nov 16, 2016 (LBO) – The Planters’ Association of Ceylon (PA) said it has serious reservations as to the feasibility and potential impact of recent budget proposals on Sri Lanka’s plantation industry, a statement said. Sri Lanka’s budget 2017 proposed for a reduction in the maximum acreage that can be held by any stand-alone plantation […]
Access Engineering PLC opens trading at CSE
(PRESS RELEASE) – Access Engineering PLC (Access)rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) today. The Bell Ringing ceremony was organized by the CSE as part of a series featuring companies included on the S&P Sri Lanka 20 Index. Sharing his remarks at the ceremony, Chairman of CSE Mr. Vajira […]
‘s prospects for LNG investment high, especially from Japan: advisory firm
Nov 16, 2016 (LBO) – Sri Lanka’s prospects for attracting investments in LNG, power plants, and natural gas infrastructure are good, especially if the island looks towards Japan, a global advisory firm said. Sri Lanka enjoys “Comprehensive Partnership” status with Japan, supported by close ties between Prime Minister Ranil Wickremesinghe and Japanese Premier Shinzo Abe, […]
Janashakthi reports Profit Before Tax of Rs.894 million in nine months ended 30th September
(PRESS RELEASE) – Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit Before Tax (PBT) of Rs.894 million for the nine months ended 30th September 2016, a remarkable growth of 131% over the same period in 2015. Consolidated Gross Written Premiums (GWP), which stood at Rs.9.8 billion at the end of the period in review, […]
Lanka Sugar Company turns loss into Rs1bn profit
Nov 15, 2016 (LBO) – Lanka Sugar Company, which includes Pelwatte and Sewanagala sugar factories, has recorded a profit of 1,018 million rupees for the first nine months of this year. The company which employs around 5,600 workers has made a significant turnaround this year after it suffered a loss of 1,030 million rupees last […]
Sri Lanka to conduct public, semi-government employee census this week
The Census of Public and Semi Government Sector Employment will be conducted by the Department of Census and Statistics (DCS) on 17th November 2016 covering the entire Country. This Census will be conducted from 9.30 am to 11.30 on 17th November 2016 with the participation of all employees of the public and semi government sector. […]
Capitol Developers launch 50-Storey Skyscraper in Uptown Colombo
(PRESS RELEASE) – Capitol Developers Limited of the Sanken Group held the groundbreaking ceremony of its latest 470 apartment twin tower project – Capitol Twin Peaks on 12 November 2016, at its strategic location at 24, Staple Street, Colombo 02. Hon. Patali Champika Ranawaka – Minister of Megapolis and Western Development graced the event as […]