Tag: lbo
Sri Lanka tourist arrivals up only 0.5-pct in Oct 2018
Nov 08, 2018 (LBO) – Sri Lanka’s tourist arrivals during October 2018 was 153,123 in comparison to October last year, there is a growth of 0.5 percent when the arrivals were 152,429. India, China, United Kingdom, Germany and Australia were Sri Lanka’s top five international tourist generating markets in the month of October this year. […]
JKH PBT down 5-pct in 2Q: Revenue Rs.32.57Bn
Nov 08, 2018 (LBO) – Sri Lanka’s John Keells Holdings (JKH) said the Group recorded a profit before tax (PBT) at 4.69 billion rupees in the second quarter of the financial year 2018/19 with a decrease of 5 percent over the.4.95 billion rupees recorded in the previous financial year. The cumulative PBT for the first […]
Nestlé opens third milk chilling centre in Mannar district
(PRESS RELEASE) – Continuing its strong dairy development drive in the country, Nestlé has opened its third milk chilling centre in the Mannar district, in the north-western town of Madhu. The chilled storage facilities are vital in a tropical climate, as it offers farmers a means to keep their milk fresh until it is transported to […]
Sri Lanka Public Services Trade Union asks Speaker to act on parliamentary majority
Nov 09, 2018 (LBO) – The Public Services National Trade Union Federation called on Speaker Karu Jayasuriya to go along with the 116 legislators who wanted him to take up the question of resolving the crippling political crisis. The full statement follows:
Allianz tops Dow Jones Sustainability Index 2018
Sector leader in prestigious sustainability rating with 85 out of 100 points, second time in a row Best in sector in climate strategy, human capital development, information security, tax strategy and financial inclusion Integration of the two-degree climate target in proprietary investments and business operations starting The Allianz Group has taken the leading position among […]
Emirates takes Sri Lanka’s popular culture to the skies
There’s nothing quite like watching a movie in one’s own language, or listening to the music of a favourite local artist to feel at home even at 35,000 feet, a fact that Emirates, the world’s largest airline, has invested in with an award-winning inflight entertainment system that caters to hundreds of nationalities including Sri Lankans. […]
Sri Lanka explores tourism market potential in Switzerland
Nov 06, 2018 (LBO) – The Sri Lanka Mission in Geneva in collaboration with Sri Lanka Tourism Promotion Bureau organized the islands participation at a tourism exhibition in Switzerland. iViaggiatori is the prestigious tourism event that takes place annually in the Italian speaking canton in Switzerland, and is recognized as one of the prominent tourism trade fairs in […]
Asiri buys Hemas Southern Hospital for Rs.450Mn
Nov 06, 2018 (LBO) – Asiri Hospital Holdings Plc, a subsidiary of Softlogic Group acquired Hemas Southern Hospitals for 450 million rupees, a statement said. In a Stock Exchange filling the company said that the decision to enter into this transaction brings tremendous synergy to the Asiri group with the existing hospitals and laboratories of Asiri in […]
Parliament to reconvene on the 14th of November
Nov 05, 2018 (LBO) – President Maithripala Sirisena has decided to reconvene the Parliament on November 14. The Gazette notification on reconvening the Parliament has been issued a short while ago. The President by virtue of the powers vested in him by Article 70 of the Constitution prorogued Parliament with effect from 27 October 2018 […]
Nations Trust Bank records post-tax profit of Rs.2, 918Mn
Nov 02, 2018 (LBO) – The Bank closed the nine months ending 30th September 2018 with a post-tax profit of Rs.2, 918Mn with standing multiple challenges as witnessed across the industry with increasing non-performing loans, tightening of liquidity and moderating credit growth which particularly hindered the performance for the quarter. The Bank realigned its resources in […]
Parliament to be reconvened on Wednesday not Monday
Nov 02, 2018 (LBO) – Sri Lanka’s Parliament will be reconvened on Wednesday the 7th of November and not Monday as earlier scheduled, the speaker has been informed by the President. A Gazzette to this effect will be issued soon. The President by virtue of the powers vested in him by Article 70 of the […]
Teejay 6-month net profit up 20-pct to Rs.705Mn
Nov 01, 2018 (LBO) – Sri Lanka’s Teejay Lanka PLC, a textile manufacturer, has reported sales of 14.4 billion rupees and profit after tax of 704.8 million rupees at Group level for the six months ending 30th September 2018. This reflects a healthy growth of 25 percent and 20 percent respectively for the period, the […]