Tag: lbo.lk
DIMO Agribusinesses partners Plantchem and Plantseeds to boost local agriculture
(PRESS RELEASE) – DIMO Agribusinesses, the agriculture arm of Diesel & Motor Engineering PLC (DIMO), recently entered into partnership with Plantchem (Pvt) Limited and Plantseeds (Pvt) Limited to expand its footprint in the Agriculture business. The new partnership will enable DIMO Agribusinesses to expand its product portfolio in crop care solutions, seeds and other agriculture […]
Sri Lanka’s external sector improve, BOP record surplus : CB
Feb 23, 2018 (LBO) – Sri Lanka’s external sector performance continued to improve in the month of December 2017, mainly with higher inflows to the Financial Account of the Balance of Payments (BOP), the Central Bank said in its latest report. . Although earnings from exports increased at a higher rate, the increase in import expenditure resulted […]
Ceylinco Life’s net profit surges 95-pct to Rs.6Bn
(PRESS RELEASE) – Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in Sri Lanka’s life insurance industry for the 14th successive year, with premium income of Rs 15.7 billion. The company posted profit before tax of Rs 6.3 billion reflecting a remarkable70 […]
Sri Lanka up 4 notches to 91 on Corruption index
Feb 23, 2018 (LBO) – Sri Lanka has moved up four places to 91st from 95th, in the Corruption Perceptions Index (CPI) 2017 released by Transparency International with the island failing to show significant improvement. The index ranks 180 countries and territories by their perceived levels of public sector corruption. This year, New Zealand and Denmark rank highest […]
Buoyant property market witnessed at the Lanka Property Show 2018
Colombo : The 2018 edition of the Lanka Property Show was concluded successfully, drawing praise from both exhibitors and visitors. The event, which was organised by Sri Lanka’s leading property website LankaPropertyWeb.com, is the largest property show in the country and was held on the 16th and 17th of February at the Kingsbury Hotel. The […]
‘s 3rd phase
Feb 21, 2018 (LBO) – The Government has given the go ahead to award the contract for construction of 3rd phase of Central Expressway to M/S Taisei Corporation of Japan. “Tokyo Mitsubishi Bank of Japan has agreed to provide funds of Japanese Yen 100 billion and it was decided to award the contract to M/S Taisei […]
Ariyana Resort Apartments launched by Home Lands Skyline
Going somewhere else to relax your mind & body will soon to be outdated, with the initiation of Home Lands Skyline’s – ARIYANA Resort Apartments – one of its kind of project, which has already changed the concept of apartment living. For the first time in Sri Lanka, with ARIYANA Resort Apartments, Home Lands Skyline […]
Sri Lanka President promises new Economic programme
Feb 21, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena said a new economic programme of the government will be finalized by the National Economic Council (NEC) by next week. Chairing a meeting at the Presidential secretariat the President held detailed discussions on the rapid changes required in the country, Tuesday. He said that short term […]
‘s Liability Management Bill presented to Parliament
Feb 20, 2018 (LBO) – The new Active Liability Management Bill, to improve public debt management, was presented to Parliament for the first reading, Monday. Through this new bill Sri Lanka’s public debt sustainability is to be managed at a national level. To avoid any possible risk, appropriate reform methods are to be followed. Following […]
Seylan Group’s PAT tops Rs.5Bn
(PRESS RELEASE) – Seylan group reported a resilient performance by recording a Profit after tax of Rs.5,004 Million for the year ended 31st December 2017, which is the highest profit reported in its history. Seylan Bank also continued its growth momentum by achieving a profit after tax of Rs. 4,430 Million during the period under review. […]
‘s CBC Myanmar Microfinance gets license to operate in Myanmar
Feb 20, 2018 (LBO) – Sri Lanka’s Commercial Bank subsidiary CBC Myanmar Microfinance Co., Ltd, has obtained the operation license from the Myanmar Micro-finance Supervisory Enterprise to operate in the Republic of the Union of Myanmar.“This would be as a non-saving deposit organisation,” The Bank said in a stock exchange filling. Commercial Bank has had […]
Sampath Bank reports PAT of Rs12Bn
(PRESS RELEASE) – Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 Bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to Rs 9.1 Bn recorded int he previous year. Similarly, Profit Before Tax (PBT) too grew by 31.8% YoY to reach Rs 16.6 Bn for the period under […]