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CAL surpasses an LKR 100 Bn footprint in Investment Banking
Oct 10, 2019 (LBO) – Capital Alliance (CAL) has continued its reign as the market leader in Investment Banking services (Debt & Equity fundraising and Mergers & Acquisitions) with a transaction footprint of over 100 billion rupees in the past 24 months. With a focus on family businesses since its inception, CAL has been able […]
Moratuwa University shifts gears in innovation & commercialization
Oct 10, 2019 (LBO) – The University of Moratuwa is shifting gears in innovation and commercialization through the University Business Linkage Center (UBLC). UBLC was initiated with a University Grants Commission Circular and is funded by the World Bank for a few years through the AHEAD (Accelerating Higher Education Expansion and Development) project. The UBLC […]
AmCham Sri Lanka launches “Meet the Candidate” series
The American Chamber of Commerce in Sri Lanka announced the ‘Meet the Candidate’ series, at which the main Presidential Candidates will be hosted at a forum designed to discuss and express their proposed policies. The first in this series will take place this Friday, October 11 at the Hilton Colombo, with Sajith Premadasa, Presidential Candidate, […]
First Capital expects possible easing of political uncertainty post elections
Oct 10, 2019 (LBO) – The completion of Sri Lanka’s election cycle is most probably likely to resolve political uncertainty in the local front, the First Capital Research said. Releasing the First Capital’s mid-year economic outlook, the research arm said they believe that immediately following the Presidential Election a new Prime Minister being appointed, though […]
EU provides Euro 40Mn to strengthening transformation, reconciliation
Oct 10, 2019 (LBO) – The European Union (EU) is providing 40 million euros to Sri Lanka to co-finance the “Strengthening Transformation, Reconciliation and Inclusive Democratic Engagement” (STRIDE) project. Dr. R.H.S. Samaratunga, secretary to the Treasury at the Ministry of Finance, signed the financing agreement with Tung-Lai Margue, ambassador of the Delegation of the European […]
John Keells Hotels provides Rs. 2.45 bn corporate guarantee to People’s Bank
Oct 09, 2019 (LBO) – John Keells Hotels has given a corporate guarantee for 2.45 billion rupees to People’s Bank, in respect of a long-term loan facility obtained by Ceylon Holiday Resorts Ltd, a subsidiary company. The company said in a stock exchange filing that the said loan facility was obtained by Ceylon Holiday Resorts […]
Colombo stocks surge as Gota secures SLFP support
October 9, 2019 (LBO) – The Sri Lankan stock market surged in response to presidential candidate Gotabaya Rajapaksa officially securing the support of the Sri Lanka Freedom Party (SLFP). SLFP support was seen as crucial to Rajapaksa’s campaign, and was by no means guaranteed. In Sri Lanka’s 2018 islandwide local government elections, when the votes […]
5-star hotel to be built in Kandy under BOI agreement
Oct 09, 2019 (LBO) – The Board of Investment of Sri Lanka signed an agreement with Star Class Hotel (Pvt) Ltd., to set up 67 room 5-star hotel which will be located at Mavilamada Road, Kandy. The Agreement was signed by Mangala Yapa, Chairman of the Board of Investment of Sri Lanka and Mohamed Nazar […]
Sri Lanka unemployment up in Q2 2019
Oct 09, 2019 (LBO) – T h e n u m b e r o f unemployed persons in Sri Lanka is estimated as 420,231 or 4.9 percent during the second quarter 2019, a new report shows. Data from the state statistics office shows that this is a rise of 0.4 percent from the same […]
Sri Lanka needs consistent energy policy to attract investors: Prof Samarajiva
Oct 09, 2019 (LBO) – Sri Lanka is in the need of consistent and solid policies in order to attract investors and planned infrastructure framework which should not be changed from government to government, a regulatory expert said. “Infrastructure should not have politics associated with it. Because governments come and governments go but it takes […]
Sampath Bank ranks among Sri Lanka’s 10 Most Admired Companies
Standing testimony to its superlative service to the nation, Sampath Bank was placed among Sri Lanka’s 10 Most Admired Companies at the ‘Most Admired Companies of Sri Lanka 2019’ held at BMICH recently. Marking yet another historic milestone, Sampath Bank won this prestigious award for the second consecutive year. The event was organised by the […]
JKH ranked Sri Lanka’s most respected entity
Oct 08, 2019 (LBO) – John Keells Holdings PLC (JKH) was ranked as the most respected entity in Sri Lanka, for a record 14th year by LMD magazine. In terms of the 10 attribute rankings, JKH has taken the lead in seven categories, namely financial performance, management profile, honesty, dynamism, corporate culture, CSR and vision. […]