Tag: lbo
Prosperity Index show gains in North Western, Sabaragamuwa, Southern and Western provinces
Nov 19, 2018 (LBO) – Sri Lanka Prosperity Index (SLPI), increased to 0.771 in 2017 from 0.661 recorded in 2016, mainly due to improvements in ‘Economy and Business Climate’ and ‘Socio-Economic Infrastructure’ sub-indices, the Central Bank said in a statement.. Economy and Business Climate sub-index has improved during 2017, due to increase in per capita […]
H One launches machine management solution for apparel industry
Nov 19, 2018 (LBO) – H One, a IT solutions provider, launched Res.Q| MI; an all-encompassing machine management solution designed with both large and small-scale factories in mind. Res.Q Machine Inventory is a revolutionary new asset management solution which leverages the capabilities of NFC (Near Field Communication) technology for the management, protection, and maintenance of one […]
”; Outlook Stable
Nov 16, 2018 (LBO) – Sri Lanka-based Sunshine Holdings PLC’s National Long-Term Rating has been affirmed at ‘A-(lka)’ with a stable outlook, Fitch Ratings said in a statement. “The rating on Sunshine reflects its strong market positions in its diversified portfolio of products, which has elements of relatively defensive end-market demand, and the strong brand names […]
Ceylinco Life appoints new Chairman and MD
Nov 16, 2018 (LBO) – Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of R. Renganathan, the Company’s managing director/CEO, as executive chairman effective 14th November 2018, and the concurrent appointment of deputy CEO Thushara Ranasinghe as managing director/CEO. The life insurer said the changes at the top were part of the Company’s succession […]
‘s Altair adjudged best condo in Asia for architectural design
Nov 16, 2018 (LBO) – Sri Lanka’s Altair has beaten condominium developments in 15 countries in Asia including Singapore, Hong Kong, Japan, China and Australia, to win the ‘Best Condo Architectural Design’ award at the 2018 Asia Real Estate Summit (ARES) hosted by PropertyGuru Asia in Bangkok, Thailand. Altair was honoured at PropertyGuru’s ‘Best of […]
Mahinda Rajapaksa says fuel price to be further reduced tonight
Nov 15, 2018 (LBO) – In a special statement in Parliament Mahinda Rajapaksa said fuel price will be further revised tonight. “It is only in Sri Lanka the fuel price goes up according to the formula when the world prices are going down,” he said. “This is why tonight the price will be reduced.” Speaking […]
‘s Hattion National Bank 9 month Group PAT at Rs14.5Bn
Nov 15, 2018 (LBO) – Hatton National Bank PLC (HNB) reported a Profit After Tax (PAT) of 14.5 billion rupees at Group level for the nine months to September 2018 recording a growth of 23 percent YoY. The Bank’s PAT for the period amounted to 13.1 billion rupees growing by 21 percent YoY. The Bank said […]
Sri Lanka growth expected to recover to 4 – 4.5-pct in 2019: CB Gov
Nov 15, 2018 (LBO) – There are some positive signs with FDI and exports probably going to be record numbers this year and we envisage Sri Lanka’s growth to be somewhere between 4 -4.5 percent for 2019, the Central Bank Governor said. Growth is expected to remain below envisaged levels in 2018. As per the […]
Ceylinco Life’s 9-month net profit up 62-pct to Rs3.28Bn
Nov. 15, 2018 (LBO) – Sri Lanka’s Ceylinco Life has reported profit before tax of 3.734 billion rupees for the period nine months ending 30th September 2018. The life insurance player has reported profit before tax of Rs 3.734 billion for the period, reflecting growth of 48 per cent over the corresponding nine months of […]
Vallibel Finance pre-tax profits grow by 28.2-pct to Rs.1.03Bn
Vallibel Finance PLC returned yet another impressive report card with profits before tax (PBT) for the six months ending September, 2018 reaching a record high of Rs. 1.03 Billion. Acclaimed as one of the most respected finance companies in Sri Lanka, the name-bearer of the Vallibel Group continued its now customary outstanding financial performance with […]
Sri Lanka CB Chief confident of meeting debt repayment targets in 2019
Nov 14, 2018 (LBO) – Political uncertainty will not have an impact on Sri Lanka’s debt repayment preparations for 2019, the Central Bank Governor said. “Despite the uncertainty we have been operating with business as usual, ” Dr. Indrajit Coomaraswamy, Governor, Central Bank told reporters in Colombo, Wednesday. “CB is ready to cover the January 15th […]
Central Bank warns public to be attentive to financial scams/ phishing emails
Nov 14, 2018 (LBO) – The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to recent grievances received from the general public regarding financial scams spreading through phishing emails/ social media messages. Issuing a statement the bank said it has noticed that the image of the Head Office building, the Logo […]