Tag: lbo.lk
Sri Lanka targets Rs.130Bn excise revenue in 2019; So far 24,150 raids conducted
Aug 05, 2019 (LBO) – The Excise Department has conducted 24,150 raids throughout the country during the first six months of this year under its program to minimize life risks through the elimination of illicit liquor. These raids have been carried out under the charges of brewing illicit liquor, possession of such liquor, possession of […]
Interblocks acquired by Hitachi-Omron
Aug 05, 2019 (LBO) – Interblocks, a local fintech that specializes in payment-related software for the financial and retail sectors, has been acquired by Hitachi-Omron Terminal Solutions. It will now operate as a wholly-owned subsidiary. Japan’s Hitachi-Omron Terminal Solutions announced that it had entered into an agreement for the purchase of the entire issued share […]
Dipped Products records turnover of Rs.7.8Bn
Aug 05, 2019 (LBO) – The Dipped Products Group posted 7.8 billion rupees turnover and 221 million rupees profit before tax (PBT) for the first quarter ended 30th June 2019. The hand protection segment posted a growth of 8 percent in turnover amounting to 4.4 billion rupees and contributed 219 million rupees to group PBT. […]
Sri Lankan financial services company implements cloud-based digital strategy
Aug 05, 2019 (LBO) – With operations supported by a range of Microsoft solutions, Capital Alliance Group (CAL) recently featured in a Microsoft client case study (published on their website) highlighting how customers at CAL benefit from a reliable and trusted service, while employees enjoy a highly collaborative and connected workplace with the support of […]
Swim Week Colombo to showcase Sri Lanka as an international hub
Aug 02, 2019 (LBO) – The fifth edition of OLU Swim Week Colombo will unveil the latest trends in swim and luxury resort wear presented by 9 Sri Lankan designers and 6 international designers, as well as a newly conceptualized live fashion presentation by 8 high potential emerging designers. This season, CFW Swim Week Colombo […]
CA Sri Lanka forum highlights need for accountants to lead in eradicating corruption
Aug 02, 2019 (LBO) – The increasingly important role professional accountants including Chartered Accountants can play in eradicating corruption and the culture of impunity was highlighted at a forum jointly organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and South Asian Federation of Accountants (SAFA). Delivering the welcome address, President […]
Teejay reports Q1 net profit growth of 62-pct
Aug 02, 2019 (LBO) – Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at group and company level through efficient capacity utilisation, an improved product mix and effective curbing of non-strategic costs. Sri Lanka’s only multinational textile manufacturer reported group net profit of 453.7 million rupees […]
NDBIB advisor to Rs.2.8 Bn IPO in Maldives
Aug 02, 2019 (LBO) – NDB Investment Bank (NDBIB), acting as the sole financial advisor and manager is executing its 2nd initial public offering (“IPO”) in the Maldives with the launch of the IPO of Maldives Islamic Bank PLC (“MIB”), the first fully fledged Islamic Bank in the Maldives amounting to MVR 244.1million rupees. MIB […]
PA warns of damage to local oil palm industry if seedling crisis not resolved soon
Jul 30, 2019 (LBO) – The Planters’ Association of Ceylon (PA) sounded the alarm on the escalating 500 million rupees oil palm seedling crisis, warning of dire and irreversible damage to the industry within the next 3 months if definitive action was not taken to reverse the de facto ban on oil palm cultivation and […]
Cabinet, State and Deputy Ministers who resigned sworn into office again
Jul 30, 2019 (LBO) – Cabinet, state and deputy Ministers who had resigned from their respective ministerial portfolios were sworn in before President Maithripala Sirisena, Monday. Following are the list of ministers with their newly sworn in portfolios …. Rauff Hakeem Minister of City Planning, Water Supply and Higher Education Rishad Bathiudeen Minister of Industry […]
Dentsu Grant Group launches Amnet operations in Sri Lanka
Jul 29, 2019 (LBO) – Dentsu Grant Group has announced the launch of Amnet, the programmatic expert from Dentsu Aegis Network, in Sri Lanka. Amnet is a trusted source for programmatic buying and audience management solutions. Amnet comprises a team of programmatic experts from the Dentsu Aegis Network, who specialize in programmatic buying, programmatic media planning, data […]
Sri Lanka Real Estate regains momentum with international and expat markets
Jul 29, 2019 (LBO) – Following recent marketing efforts by industry leaders as well as by the Sri Lanka Tourism Board Authority (SLTBA), Sri Lanka’s many affected industries including tourism, real estate and construction have begun to see a slow regain in momentum. Following on from the recent Sri Lanka Easter Attacks, several industries, alongside […]