Tag: lbo.lk
Ceylon Chamber and Global Alliance partner for sustainable development and climate action
The Ceylon Chamber of Commerce and the Global Alliance for a Sustainable Planet (GASP) signed a Memorandum of Understanding (MOU) to tackle urgent climate change issues and promote sustainable development globally. This partnership comes as the recent Intergovernmental Panel on Climate Change (IPCC) report highlights a significant risk of global temperatures rising 1.5°C above pre-industrial […]
WealthOS successfully raises £4Mn with institutional investors Barclays
WealthOS, a UK-based cloud-native wealth management platform founded by two Sri Lankan entrepreneurs and with product and engineering operations in Sri Lanka, recently secured £4 million in seed funding led by Barclays Bank. In addition to Barclays, WealthOS also garnered investment from Main Set, a division of the international investment firm Capricorn Capital Partners UK […]
Min Sabry attends BRICS Foreign ministerial outreach session in Russia
Foreign Minister Ali Sabry undertook an official visit to Russia at the invitation of his counterpart, Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation from 10-11 June 2024 to attend the BRICS Foreign Ministers’ meeting with the developing countries held in Nizhny Novgorod, Russia. The meeting was attended by high level representatives of […]
SriLankan Cargo reinvents service delivery with strong customer focus
SriLankan Cargo, the air cargo division of SriLankan Airlines, recently unveiled its reinvented service delivery framework and website, with a strong focus on customer experience. The new service model of SriLankan Cargo classifies service delivery under Freshness Class, Wellness Class, Precious Class and Guardian Class to ensure consistent and premium care for customers and their […]
Advocata welcomes economic transformation Bill
The Advocata Institute welcomes the government’s stated intention to move from an inward-oriented economy to a more open economy to boost international trade, foreign investment and productivity. The Sri Lankan government has gazetted the Economic Transformation Bill to overhaul the country’s economic landscape. This ambitious Bill aims to create a more competitive, export-oriented, and digitally-driven […]
Softlogic Capital grows 13-pct, records Rs. 431Mn PBT in FY24
Softlogic Capital, the financial services sector of the Softlogic Group consisting of Softlogic Life, Softlogic Finance, Softlogic Stock Brokers and Softlogic Asset Management (Softlogic Invest), recorded robust and resilient revenue growth, reporting notable top-line growth during the year ended 31 March 2024. Softlogic Capital’s consolidated revenue reached Rs.36.7 billion for the year ended 31 March […]
MullenLowe SL appoints Lakshika Gunatilake to head LowePublic
The MullenLowe Group Sri Lanka (MLG), the largest multidisciplinary brand communications group has appointed Lakshika Gunatilake, as the head of its Public Relations arm – LowePublic. Gunatilake joins the group after serving at Sri Lankan Airlines for the past 23 years. Her last position prior to taking up the role with MLG beingSriLankan Airline’s Digital […]
Siyapatha Finance PLC debenture issue oversubscribed
Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader in Sri Lanka’s non-banking financial sector, announces the resounding success of its recent debenture issuance, which received an overwhelming response from investors, meeting and surpassing all expectations. The highly anticipated initial public offering of Siyapatha Finance PLC’s debenture issuance, officially opened for […]
Eran: Can government, which failed to reach the expected tax revenue last year, save the country from bankruptcy?
SJB Parliamentarian Eran Wickramaratne addressing the media Sunday in Colombo said that although the government entered into an agreement with the International Monetary Fund to increase the state revenue and cover up the budget deficit to save the country from the bankruptcy, the failure of the government to achieve the expected revenue targets in 2023 […]
Central Bank launches financial literacy roadmap of Sri Lanka 2024-2028
The Central Bank of Sri Lanka launched the Financial Literacy Roadmap of Sri Lanka, marking a significant step towards enhancing the financial capabilities of Sri Lankans, in Colombo Tuesday. This Roadmap, a cornerstone of Sri Lanka’s National Financial Inclusion Strategy (NFIS), offers evidence- based guidance to all stakeholders engaged in financial literacy initiatives, aligning them […]
JKH records strong Q4 2023/24 with recurring EBITDA growth of 20-pct to Rs.14Bn
• During the fourth quarter, the Group reported a strong performance across most businesses, with Consumer Foods, Transportation and Leisure, in particular, recording significant growth. The performance seen in most of the businesses is a reflection of the improving macroeconomic conditions in the country and is a continuation of the growth momentum witnessed in the […]
Port City Colombo to reinvent SL economy to contemporary system that is geared for export of services
Port City Colombo says it hopes to empower large-scale business growth within the South Asian region through a reliable and competitive regulatory environment that enhances the ease of doing business. Issuing a statement the Port Coty Colombo says that this progressive economically ring-fenced landscape is projected to reinvent the Sri Lankan economy, from one that […]