Tag: lbo.lk
Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing
May 18, 2018 (LBO) – Sri Lanka’s liquid petroleum gas (LPG) prices should be adjusted using a pricing mechanism that is transparent, impartial and fair, Laugfs Gas said issuing a statement. There have been significant changes in the LPG prices in the international market, which has had a detrimental impact on the local LPG industry, it said. […]
Virtusa Corp reported a Q4 2018 revenue of 281.3 million, Up 6.6-pct
(PRESS RELEASE) Fourth quarter fiscal 2018 revenue of $281.3 million, increased 6.6% sequentially and 24.5% year-over-year, inclusive of $5.7 million from the eTouch acquisition. Fourth quarter fiscal 2018 diluted EPS was $0.06 on a GAAP basis, and $0.55 on a non-GAAP basis, up 17% sequentially. Fiscal year 2018 revenue of $1,020.7 million increased 18.9% year-over-year. […]
LKR depreciation unwarranted; Reserves to reach US$ 11Bn by June 2018 :CB
May 17, 2018 (LBO) – The Central Bank of Sri Lanka says the underlying fundamentals do not warrant the current pressure on the Sri Lanka rupee. The rupee closed at 158.20/40 rupees against the US dollar in the spot market Wednesday after hitting a low low of 158.80 rupees earlier in the day. “Gross external […]
Simplicity in Business Management is here with the lightest Business App
(PRESS RELEASE) – thinkCube Systems (Pvt) Ltd, the pioneering cloud application builder, has yet again introduced an innovative product to serve the Start-up, Micro-Level and Small Enterprises. In augmenting it’s popular ezBiz Cloud Application suite for SME’s, thinkCube is launching it’s Simplified version of “ezBiz-lite” to the Sri Lankan Market on 17th May 2018. The […]
Cabinet nod for new committee to prevent money laundering and terrorism financing
May 16, 2018 (LBO) – Sri Lanka’s cabinet of Ministers has approved to widen the composition of National Coordinating Committee for preventing money laundering and terrorism funding. “Since the number of financial crimes have increased with the expansion of technology, better coordination among Government institutions is essential to face this situation successfully,” a government statement said. […]
‘s Comm Bank reports PBT of Rs.6.3Bn, up 21-pct
May 15, 2018 (LBO) – Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of 7.677 billion rupees and profit before tax of 6.337 billion rupees for the first quarter of 2018, with growth of 21.07 percent and 21.36 percent respectively. Gross income for the three months ending 31st March 2018 was up […]
HNB Group records Rs7.2Bn PBT in Q1
May 15, 2018 (LBO) – Sri Lanka’s Hatton National Bank reported a first quarter profit after tax growth of 22.5 percent to 4.5 billion rupees, while the Group reported a PAT of 5 billion rupees which is a 24 percent growth from last year.HNB expanded its loan book by 33.7 billion rupees during the quarter […]
Sri Lankan and U.S. doctors pioneer first robot-assisted surgery Onboard USNS Mercy
May 14, 2018 (LBO) – U.S. and Sri Lankan surgeons conducted the first ever robot-assisted surgery aboard the USNS Mercy on May 4. The joint team of multinational surgeons and medical professionals successfully completed a cholecystectomy, or gall bladder removal, on a Sri Lankan citizen using a Da Vinci XI Robot Surgical System. “This landmark surgery […]
Mastercard and SLTPB invite Indian travellers to discover the best of Sri Lanka
Discounts on Flights, Hotel Stays and Shoppingset to give Indians more reasons to visit Sri Lanka Mastercard and the Sri Lanka Tourism Promotions Bureau (SLTPB) are offering exciting opportunities for Indian travellers to avail the convenience of cashless payments and attractive discounts on dining,shopping and staying in Sri Lanka. This is part of their ongoing […]
Sri Lanka GDP will grow at 3.7-pct in Q1
May 14, 2018 (LBO) – Sri Lanka’s will grow at 3.7 percent in the first quarter of 2018, althought this below the islands potential, the Governor of the Central Bank said. “The growth will be supported by the services sector, but is still below potential,” Dr. Indrajit Coomaraswamy, Central Bank Governor told reporters in Colombo recently. The Monetary […]
ADB approves USD 100Mn additional funding to enhance job skills in Sri Lanka
May 11, 2018 (LBO) – The Asian Development Bank’s (ADB) has approved a US 100 million dollars results-based loan as additional financing for the Government of Sri Lanka’s efforts to develop skills to meet labor demands, support economic diversification, and enhance productivity in the country. “Sri Lanka has achieved universal primary and high secondary enrollment […]
‘s Nations Trust Bank PAT Rs.939Mn, up 30-pct
May 11, 2018 (LBO) – Nations Trust Bank recorded a post-tax profit of 939 million rupees, up by 30 percent in the first quarter of 2018 over the corresponding period in the previous year. Profitability growth was underpinned by a 7 percent growth in loans and advances during the period under review along with improving […]