Tag: lbo.lk
“JKH Group Q2 EBITDA records growth of 93-Pct; significant turnaround in Leisure sector business
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a significant improvement to Rs.6.41 billion during the quarter under review, which is a 93 per cent increase against the comparative period [2020/21 Q2: Rs.3.32 billion]. • The Group’s businesses, except for Consumer Foods […]
Expolanka achieves record 1st half FY 2021/22 performance
Announcing its financial results for the 2nd quarter of the financial year, Expolanka Holdings PLC once again reported exceptional results driven by the continued growth of its Logistics business. For the quarter ended 30 September 2021 (Q221), Expolanka recorded a Profit After Tax of Rs 12 Bn, at a 166% increase Year on Year (YoY). […]
Virtusa introduces new senior leaders
Virtusa Corporation, a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt markets through innovation engineering, recently announced several key leadership appointments. The announcements extend Virtusa’s leadership, vision, and reputation as a top employer. Virtusa has a long heritage of providing deep digital engineering skills and […]
Trillium Hotels and VIP Residencies unveils luxury retirement complex
Trillium, one of Sri Lanka’s most sought after real estate developers which aims to deliver comfort and elegance while merging the value of an exclusive lifestyle, is set to further diversify its offerings with the launch of Trillium Hotels & VIP Residencies. Positioned in the heart of Colombo 07, Trillium Hotels & VIP Residencies is […]
Colombo YMBA launches English education program for young Buddhist monks
The Colombo YMBA , established in 1898,which is the oldest and largest Buddhist association in existence, gladly announces the launching of an English education program for young Buddhist monks. As the first phase of this program, around 700 young monks attached to 237 Pirivenas in the Western and the Uwa provinces will be absorbed into […]
For 1USD pledged to tackle climate crisis for world’s poor, 4USD spent on fossil fuel subsidies: Report
The world spends an astounding US$423 billion annually to subsidize fossil fuels for consumers – oil, electricity that is generated by the burning of other fossil fuels, gas, and coal. “This is four times the amount being called for to help poor countries tackle the climate crisis, one of the sticking points ahead of the […]
SL understands importance of maintaining balance between environment and human needs : President
President Gotabaya Rajapaksa has said that Sri Lanka, with its rich philosophical heritage shaped by the teachings of the Buddha, fully understands the importance of balancing environmental boundaries with human needs. The President made these observations while participating at the High-Level Meeting on Delivering Climate Action for People, Planet and Prosperity convened by Mr. Abdulla […]
Interview: Darshi Keerthisena on Sri Lanka’s Batik craft and its future
Batik is one of Sri Lanka’s most loved and versatile heritage crafts and Darshi Keerthisena has used her artistic tool kit and shaped it into a must-have in every fashionista’s wardrobe. She is the Creative Director of Buddhi Batiks, a legacy enterprise handed down to her by her parents. Starting with the batik sari Dharshi […]
Lanka Credit and Business Finance Limited IPO oversubscribed
Lanka Credit and Business Finance Limited (LCBF) initial public offering (IPO) for a total issue of 125,000,000 ordinary voting shares at an issue price of 4.00 rupees to raise 500 million rupees has been successfully oversubscribed on the opening day, the Colombo Stock exchange said. NDB Investment Bank as the sole financial advisor and […]
SL welcomes French FDI in development project tourism and hospitality sectors
State Minister of Regional Cooperation Tharaka Balasuriya, Chairman BOI Sanjaya Mohottala, had several high-level discussions in Paris, France from 05-11 October 2021. These bilateral meetings were organized in Paris with leading private sector companies, finance institutions and government agencies, with the BOI Chairman joining a delegation that comprised State Minister of Regional Cooperation Tharaka Balasuriya, […]
Eran queries purpose of maintaining COPE if it cannot take actions
SJB MP Eran Wickremaratne speaking on the debate on COPE report in Parliament expressing his dismay said it was unfortunate that the COPE committee appointed by Parliament to investigate embezzlement of hundreds of thousands of rupees in Sri Lankan state institutions had not even the power to prosecute thieves and fraudsters. He said the country […]
SL energy crisis needs streamlined long term policy framework from CEB: Snr Engineers Ass
Senior Engineers of CEB has launched a new movement to uphold policy consistency Plans to focus Energy Crisis in Sri Lanka through expediting the construction of new power plants Plans for career upliftment of junior engineers and recommending to increase retirement age to 61 to increase the contribution of senior engineers to achieve energy goals […]