Daintee acquisition to boost Sunshine’s defensive cash flows: Fitch Ratings
Aug 14, 2020 (LBO) – Sunshine Holdings PLC's 100 percent acquisition of Sri Lanka-based confectionery maker Daintee Limited will increase the cash …
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Hemas Delivers Resilient Performance Amidst COVID-19 Pandemic: Group CEO
Hemas Holdings PLC reported a consolidated Group revenue of Rs. 13.0 billion, a decline of 1.6% during the first quarter of the financial year …
New Foreign Secretary Admiral Jayanath Colombage assumes duties
Aug 14, 2020 (LBO) – Admiral Prof. Jayanath Colombage assumed duties as the Secretary to the Foreign Ministry today following the appointment to …
All passengers boarded Shanghai flight with negative test results: SriLankan Airlines clarifies
Aug 14, 2020 (LBO) – SriLankan Airlines clarifying its position on the temporary suspension of the Colombo-Shanghai operation by the Civil Aviation …
Teejay posts operating profit of Rs. 15mn in COVID-19 hit first quarter
Teejay Lanka PLC has reported operating profit of Rs 15.2 million and profit before tax of Rs 13.9 million for the first quarter of 2020-21 but …
First Capital records PAT of Rs. 1.07bn in 19/20 amidst challenging market conditions
First Capital Holdings PLC (the Group) the only listed investment bank in Sri Lanka, recorded a Consolidated Profit after Tax of LKR 1.07Bn for …
China suspends SriLankan Airlines’ Colombo-Shanghai flight over COVID-19 cases
Aug 13, 2020 (LBO) – SriLankan Airlines' Colombo-Shanghai flight would be suspended for four weeks after several passengers tested positive for …
Sampath Bank reports PAT of Rs 3.97Bn for six months ended 30th Jun 2020
Aug 13, 2020 (LBO) - The global economy took a steep downward trend with the COVID-19 pandemic epicentre shifting from China and East Asia to the …
Local manufacturers welcome new State Ministry for Pharmaceutical Manufacture
The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA) welcomed the newly elected government’s decision to create a new State Ministry …
CAL advises Sunshine Holdings on Rs. 1.7Bn acquisition of Daintee Limited
Aug 13, 2020 (LBO) – Consolidating its stance as a Sri Lankan family business expert, Capital Alliance Partners Limited (CAL) advised Sunshine …
Ceylon Dollar Bond Fund gains on recovering sovereign bonds
Aug 12, 2020 (LBO) - The Covid-19 financial crisis led to a crash in Sri lanka sovereign bond prices from US 100 dollars to an all-time low of UD …
Ceylinco Life reports 6-month income of Rs 17.1 billion
Aug 12, 2020 (LBO) - Ceylinco Life has reported gross income of Rs 17.1 billion for the first half of 2020, an improvement of 14.9 per cent over the …
Swearing-in ceremony for Sri Lanka’s new Cabinet
Aug 12, 2020 (LBO) – The swearing-in ceremony for Sri Lanka's new Cabinet took place at the historic Magul Maduwa, the Audience Hall of Kandy Royal …
Sri Lanka’s Rs. 100mn Angel Fund accepts applications from Startups
Aug 11, 2020 (LBO) – The Angel Fund, an initiative of the Lankan Angel Network (LAN), established with the support of ecosystem development partner …
Uber first Sri Lankan ridesharing company to launch Tuk Rentals
Uber today became the first ridesharing company in Sri Lanka to launch an on demand 24x7 ‘Tuk Rentals’ service which will allow riders to book …
LOLC finishes two years in succession as the most profitable conglomerate
LOLC Group (LOLC), the premier blue chip conglomerate concluded another financial year on a high note as per the results for the year ended 31st …
Ceylon Chamber congratulates PM & welcomes strong mandate for accelerated economic revival
The Ceylon Chamber of Commerce congratulates Prime Minister Mahinda Rajapaksa and the newly elected government on its victory at the 2020 General …
Ministers to be sworn in on Wednesday; 28 Ministries & 40 State Ministries
Aug 10, 2020 (LBO) – President Gotabaya Rajapaksa through an Extraordinary Gazette notification has announced the Ministerial structure consisting …
Ranil Wickremesinghe to step down as UNP leader
Aug 10, 2020 (LBO) – Ranil Wickremesinghe has decided to step down as the leader of the United National Party, General Secretary Akila Viraj …
Gamini Senarath reappointed as the Secretary to the Prime Minister
Aug 10, 2020 (LBO) – Gamini Sedara Senarath has been reappointed as the Secretary to the Prime Minister, the President’s Media Division said. …
Sri Lanka receives safe travels stamp from World Travel and Tourism Council
Aug 10, 2020 (LBO) - Recognising the safety protocols introduced by the Government of Sri Lanka along with standards mandated by Sri Lanka Tourism …
National Chamber of Exporters welcomes new Govt.
Aug 10, 2020 (LBO) - The National Chamber of Exporters of Sri Lanka (NCE) congratulated the newly concluded election and the great victory achieved, …
China assures continued support to SL following MR victory
Aug 10, 2020 (LBO) - The Chinese Government has congratulated new Prime Minister Mahinda Rajapaksa and his party Sri Lanka Podujana Peramuna (SLPP) …
Hotels Association welcomes new PM and Govt: Call for tourism development
Aug 10, 2020 (LBO) - The Hotels Association of Sri Lanka (THASL) congratulated President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa for …