Tag: lbo.lk
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Fitch Ratings has affirmed Sri Lanka’s Dialog Axiata PLC’s (Dialog) ‘AAA(lka)’ National Long-Term Rating, a statement said. The Outlook is Stable. KEY RATING DRIVERS We upgraded Dialog’s standalone credit profile to ‘AAA(lka)’ from ‘AA+ (lka)’, based on its improving financial profile backed by its continued market leadership in Sri Lanka’s growing mobile and pay-TV segments. […]
UNDP Partners with the Private Sector to host Sri Lanka’s First National Summit on Foresight and Innovation
Ceylon Biscuits Limited and Holcim Lanka partners to co-finance Sri Lanka’s first National Summit on Foresight and Innovation for Sustainable Human Development. The Summit organized by the United Nations Development Programme (UNDP) and the Ministry of National Policies and Economic Affairs together with many core partners including the United Nations Global Compact Network Ceylon (UNGC) and […]
SriLankan Airlines unveils oneworld priority signage at Colombo and Male Airports
SriLankan Airlines has unveiled oneworld priority signage at its Colombo hub, Bandaranaike International Airport and Male, its extended home market. The new signage aims to provide the alliance’s top tier, frequent flyers a comprehensive and clear idea on the alliance’s benefits throughout the travel process – check-in, airport fast tracks, lounges and boarding.The oneworld priority […]
More rain in Sri Lanka likely, depression turns to storm: Met Dept
May 19, 2016 (LBO) – Sri Lanka’s Met Department says the deep depression in the Bay of Bengal has intensified into a cyclonic storm ‘ROANU’ which is moving away from the island. Nevertheless, an increase of rainfall in parts of the island is likely. “There is a high possibility to sudden increase of rain in […]
Textured Jersey closes 2015/16 on YTD net profit of Rs. 2.1bn, 63-pct growth
May 19, 2016 (LBO) – Sri Lanka’s TJL Group (TJ), a knit fabric manufacturer said its year to date net profit was 2,172 million rupees while the revenue recorded was 17.8 billion rupees, a 30 percent increase. “The boost in profits can be directly attributed to the synergy from acquisitions,stringent cost control initiatives,cutting edge Innovations, and […]
International Waters Conference Concludes in Sri Lanka
The 8th Global Environment Facility Biennial International Waters Conference (IWC) concluded last week with a high level segment by Mr. Karunasena Hettiarachchi, Secretary to the Ministry of Defence, Sri Lanka and Dr. Naoko Ishii, CEO and Chairperson, Global Environment Facility (GEF) followed by a closing plenary. The week-long conference themed ‘Scaling Up Investments from Source to […]
Sri Lanka could issue Islamic finance sovereign bonds: official
May 18, 2016 (LBO) – Sri Lanka could issue Islamic finance sovereign bonds or ‘Sukuks’ and take the lead in becoming a regional centre for Islamic financial services, an official said. “We can think of being an Islamic Banking and Finance hub for the region,” Shibly Aziz, President Bar Association said while delivering the keynote […]
‘s north
May 18, 2016 (LBO) – Canada together with UNDP and FAO are working to strengthen agro economic cooperatives in the Northern Sri Lanka, with a specific focus on the districts of Jaffna, Killinochchi and Mullaitivu, a statement said. “The Government of Canada under a financial envelope of six million Canadian dollars is funding the UNDP-FAO […]
Janashakthi Insurance PLC reports consolidated Profit After Tax (PAT) of Rs.358 mn for March 2016
Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit After Tax (PAT) of Rs.358 million for the quarter ended 31st March 2016, a marked Year on Year (YoY) growth of 236%. The Insurer posted these numbers on the back of a 32.8% rise in consolidated Gross Written Premium (GWP) amounting to Rs.3.3 billion for the period […]
Citizens Development Bank announces Rs1bn debenture issue
May 18, 2016 (LBO) – Sri Lanka’s Citizens Development Business Finance PLC (CDB), a licensed finance company, said it will issue one billion rupees in listed rated subordinated guaranteed redeemable debentures. “The main objective of the debenture issue is to raise funds for CDB to strengthen its Tier II Capital and grow its lending book,” […]
CA Sri Lanka to teach Forensic Accounting to combat fraud
May 18, 2016 (LBO) – Sri Lanka’s Institute of Chartered Accountants has launched a course in Forensic Accounting to help combat fraud in the country, a statement said. President of CA Sri Lanka, Lasantha Wickremasinghe said that amidst increasing fraud and corruption, the institute has taken steps to ensure that public expectations are met with […]
Ceylon Chamber and A-PAD launch disaster relief campaign
May 17, 2016 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce and the National Platform of the Asia Pacific Alliance for Disaster Management (A-PAD) has launched an emergency relief campaign to help thousands of people affected due to prevailing bad weather. Accordingly, the Chamber appeals to its members and the business community to come forward […]