Tag: lbo.lk
Delmege Insurance Brokers secures number one position in the business
Delmege Insurance Brokers Ltd, a trailblazer in the insurance brokerage sector, has proudly achieved the coveted position of being the highest ranked company in the Overall Insurance Brokering Business according to the Global and local Insurance Outlook 2023 published by the Insurance Regulatory Commission of Sri Lanka. This remarkable milestone underscores the company’s commitment to […]
Ministers must exercise their unlimited power with responsibility: President
President Anura Kumara Dissanayake emphasized that the immense power granted to the ministers must be wielded with responsibility. He acknowledged that while the victory is monumental, the weight of the responsibility that comes with it is equally important, and that collective effort is needed to carry it forward. These remarks were made by President Dissanayake […]
Sri Lanka swears in new cabinet of Ministers today
Sri Lanka’s new Cabinet of Ministers, under the National People’s Power (NPP) government, was sworn in before President Anura Kumara Dissanayake in Colombo, Monday. The Deputy Ministers will be named later. The NPP’s win is seen as a mandate for anti-corruption efforts and economic reforms, following Dissanayake’s presidential election success. President Anura Kumara Dissanayake has […]
Hayleys records 78-pct growth in PBT to Rs.12.7Bn
The Hayleys Group delivered remarkable growth and profitability during the first half of the financial year ending 31 st March 2025, as it leveraged its leading market positions across diverse business verticals to deliver a Profit Before Tax of Rs.12.73 bn, an increase of 78% over the corresponding period of the previous year. Meanwhile, the […]
JAAF congratulates NPP on securing clear majority in Parliament
The Joint Apparel Association Forum (JAAF), representing Sri Lanka’s largest export industry, extends its warm congratulations to the National People’s Power on securing a resounding majority in the General Election. As Sri Lanka begins a new chapter, JAAF reaffirms its commitment to working closely with the new leadership to drive economic growth, foster sustainable employment, […]
The onslaught of the beedi industry and its impact on Sri Lanka’s economy
Lack of tax collectability results in dampening of government revenue ambitions While Sri Lanka has made notable progress in tobacco control, with policies reducing cigarette consumption, the unchecked growth of the beedi industry presents a mounting threat to the economy. The informal nature of the beedi trade makes it difficult to regulate, allowing it to […]
Opinion: CB defends liquidity injections amid “Money Printing” controversy
by Dhananath Fernando A fresh controversy has erupted following reports that Sri Lanka’s Central Bank (CBSL) injected nearly 100 billion rupees into the banking system by October 25. Given that money printing was the major cause of the country’s financial crisis, this news has sparked considerable attention. CBSL has defended its actions, arguing that these […]
Ramp Up 2024: WCIC’s fashion show focuses on empowering Sri Lankan designers
The Women’s Chamber of Industry and Commerce (WCIC) proudly announces ‘Ramp Up! 2024’, a significant fundraiser dedicated to empowering Sri Lankan female designers. Scheduled for 12th November at the Hilton Colombo, this event serves as a vital platform for showcasing the rich talents of local fashion designers and elevating their contributions to the industry. Following […]
CBL Munchee achieves BRC AA+ grade and GPEA ‘World Class’ recognition
Ceylon Biscuits Limited (CBL), Sri Lanka’s leading biscuit manufacturer and the proud owner of flagship brand Munchee, announces its remarkable achievement of securing the coveted BRCGS AA+ certification for the second consecutive year. In addition, CBL has been honored with the highly esteemed Global Performance Excellence Award (GPEA) ‘World Class’ status. Commenting on the achievement, […]
Assetline Finance join hands with BlueOrchard in empowering women entrepreneurs
In a groundbreaking development, Assetline Finance Limited, the flagship company in the financial services cluster of the David Pieris Holdings (Private Limited), one of Sri Lanka’s top conglomerates has secured a senior loan from the Japan ASEAN Women Empowerment Fund (JAWEF) managed by BlueOrchard Finance Ltd, a leading global impact investment manager. This loan marks […]
Noyon celebrates over a century of lace heritage and 20yrs of design and craftsmanship in Sri Lanka
Noyon Lanka (Pvt) Ltd, a leader in lace design and sustainable textile manufacturing, marked its 20-year anniversary in Sri Lanka with a special event under the theme 100 Years of Lace Heritage, 20 Years of Design and Craftsmanship. Noyon, a globally renowned lace design to delivery solutions provider, celebrated this occasion at its Headquarters in […]
Eshan Pieris secures championship runner-up in GT World Challenge Asia 2024
The 2024 GT World Challenge Asia season concluded last month with a gripping finale at the Shanghai International Circuit, China. In a weekend filled with challenges and triumphs, Sri Lankan driver Eshan Pieris secured the runner-up position in the Silver Class championship. Pieris consistently showcased his talent and determination in the final race of the […]