Tag: lbo.lk
LAUGFS Gas Partners with Colombo City Centre as its exclusive LPG service provider
LAUGFS Gas has come into an exclusive arrangement with Colombo City Centre’s upcoming mall to provide LPG to all its restaurants and food outlets. With the development of Sri Lanka’s first Board of Investment (BOI) approved mixed-use development project, LAUGFS Gas, the only private sector energy player in the local LPG market, recently announced a […]
Sri Lanka, Oman sign agreement on avoidance of double taxation and prevention of fiscal evasion
Aug 17, 2018 (LBO) – During the second meeting of the Sri Lanka-Oman bilateral consultations, held recently in Colombo, an agreement on avoidance of double taxation and prevention of fiscal evasion between Sri Lanka and Oman was signed by the leaders of the respective delegations. The Sri Lanka delegation to the bilateral consultations was led by […]
‘s Manufacturing growth marginally slows at beginning of Q3
Aug 17, 2018 (LBO) – The Manufacturing Sector PMI decreased to 57.2 index points in July 2018 from 57.6 index points observed in the previous month, a statement from the Central Bank said. The marginal slowdown observed in manufacturing activities in July was mainly driven by slowdown in employment due to the difficulties in replacing […]
Galaxy Note9 now available for pre-order in Sri Lanka
(Press release) – Samsung today opened pre-bookings for its flagship Galaxy Note9 smartphone in Sri Lanka. The latest addition to its premium Note series was launched globally in New York on August 09. The pre-book offer in Sri Lanka comes with an exciting deal, along with being one of the first to own the Note9, […]
Pradeep Moraes re-elected as Chairman of Condominium Developers Association
Aug 16, 2018 (LBO) – The Condominium Developers Association of Sri Lanka (CDASL), has announced the appointment of new office bearers and members of the executive committee for 2018-19. Pradeep Moraes, Director of Indocean Developers (Pvt) Ltd., has been re-appointed Chairman of the Association, and Sivarajah Thumilan, Group Chairman, Blue Ocean Residencies (Pvt) Ltd and Hemaka […]
‘s HNB Group records PBT of Rs.14.1 Bn in 1H 2018
Aug 16, 2018 (LBO) – HNB Group recorded Rs 14.1 Bn in Profit Before Taxes (PBT) for the first six months of 2018, representing a 30.7% Year-on-Year (YoY) growth over the first half of 2017 while Group Profit After Taxes (PAT) rose 26.9% YoY to Rs 9.6 Bn. At a Bank level, HNB’s PAT improved […]
Commercial Bank continues growth in Q2 to post strong 6-month result
Aug 16, 2018 (LBO) – Commercial Bank of Ceylon PLC has continued its growth momentum into the second quarter of 2018, despite having to pay in excess of Rs 7 billion in taxes and being compelled to make significant provisions for impairment charges for the six months ending 30th June 2018. The Bank has posted profit […]
Sri Lanka industrial production index up 0.4-pct in June
Aug 14, 2018 (LBO) – The volume of industrial production has increased by 0.4 percent in the month of June, 2018 compared to the same month in 2017, the Census and Statistics Department said. Among the manufacturing industries; volume of products of ‘Coke and refined petroleum products’ (33.7 percent), ‘Manufacture of fabricated metal products’ (19.1 percent) […]
Janashakthi Insurance PLC reports 6-pct growth (YoY) in June quarter
Aug 14, 2018 (LBO) – Life Insurer Janashakthi Insurance PLC (Janashakthi) reported a 6 percent year on year (YoY) growth in Gross Written Premium (GWP)for the six months ended 30thJune 2018, ending the period under review with premiums of 1.445 billion rupees. Continuing to honour its commitment to policyholders, Janashakthi saw claims grow by 12 […]
Jaffna uniquely positioned for dual-hub IT strategy: STAX
Aug 14, 2018 (LBO) – Sri Lanka’s leading management consulting firm, STAX, recently launched a research report outlining a dual-hub IT strategy for Jaffna. In collaboration with Market Development Facility (MDF), STAX released this report with a view to fostering the region’s substantial potential for IT-related services in line with the national drive to develop […]
” to politics in Sri Lanka
August 13, 2018 (LBO) – Cricket legend and icon Kumar Sangakkara has dashed the hopes of Sri Lankans everywhere by releasing a statement that he will not be entering politics. Instead of merely ruling out the 2020 Presidential election, Sangakarra has dashed all hopes by saying that with “enormous certainty” he will never enter politics […]
Hayleys celebrates 140 years of innovative excellence in Sri Lanka
Leading Sri Lankan multinational and diversified conglomerate, Hayleys PLC celebrates 140 years of business excellence and innovation this year. Established in 1878 by Chas. P. Hayley, a British entrepreneur in Galle, the company at its inception served as trading house for the import of valuable goods, and export of locally produced goods such as spices, […]