Dr. Ali Gulamhusein resigns from People’s Leasing board, amid litigation/floundering listed companies
October 17, 2018 (LBO) - Controversial Colombo Stock Exchange (CSE) investor Dr. Ali Asgar Shabbir Gulamhusein has resigned as an independent …
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You’re Fired! – President sacks boards of the BOI, Bank of Ceylon and People’s Bank
October 17, 2018 (LBO) - Media and political sources say the announcement of the dissolution of the boards of directors of the Board of Investment …
Sri Lanka secures USD1Bn Foreign Currency Term Financing Facility
Oct 17, 2018 (LBO) – Sri Lanka has secured 1,000 million US dollars from the China Development Bank (CDB) under the Foreign Currency Term …
Foreign Ministry says reports about alleged plot to assassinate President, baseless
Oct 17, 2018 (LBO) – Sri Lanka’s Foreign Ministry on Wednesday afternoon said that the media reports on an alleged involvement of an Indian …
Western Union & Sampath Bank offer international money transfer services in Sri Lanka
(PRESS RELEASE) - Western Union, a leader in cross-border, cross-currency money movement and Sampath Bank, one of Sri Lanka’s leading private …
Sri Lanka plans new import controls for non essential goods
Oct 17, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed the Finance Ministry to study the current imports and submit a …
Sri Lanka vehicle registrations down in Sept 2018
Oct 17, 2018 (LBO) - Sri Lanka's motor car registrations dropped to 4,990 units in September 2018 from 7,003 in the previous month following hike in …
Pharma industry withdraws 11 drugs from market: Importing not commercially viable
Oct 17, 2018 (LBO) - The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) in a statement to media said that despite persistent appeals, the …
Leading Indian newspaper reports that President Sirisena alleges RAW assassination plot
October 16, 2018 (LBO) - Leading Indian Newspaper The Hindu has published a report claiming the President of Sri Lanka has made public allegations of …
Opinion: Khashoggi Killing – Imagine if Sri Lanka had done it
October 16, 2018 (LBO) - Imagine a team of 15 highly trained Sri Lankan intelligence operatives board a private plane and embark on a journey to …
Sri Lanka DoC in breakthrough entry to world’s largest retail market
Sri Lanka’s Department of Commerce (DoC) has reported the country’s largest ever global trade linkage for Sri Lankan exports sector so far on 16 …
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité
Oct 16, 2018 (LBO) – Sri Lanka’s private think tank Verité Research has found out that only 8 percent of promises announced in the 2018 budget …
Controversial investor Nimal Perera discloses stock market positions in DailyFT report
October 16, 2018 (LBO) - In a high profile report in the DailyFT, controversial Colombo Stock Exchange (CSE) investor Nimal Perera disclosed his …
JKH shares trade Rs1.3bn for the day, most transactions at 126-127/share
October 16, 2018 (LBO) - Shares of recently sinking market bellwether John Keells Holdings (JKH) have transacted close to Rs1.buy flagyl online buy …
Mitra announces strategic plans to expand SL company in 2019 and rapidly growing ASEAN and East African regions
Oct 16, 2018 (LBO) - Mitra Innovation announced its plans for rapid global expansion this week, during their annual leadership and strategy programme …
Microsoft co-founder Paul Allen dead at 65, net worth of $ 20bn, never married, no children
October 16, 2018 (LBO) - One of the worlds richest people, Paul Allen has died of cancer at age 65. He leaves behind no wife or children, and is …
Sri Lanka’s growth to recover and remain at 4-pct : World Bank
Oct 16, 2018 (LBO) - Sri Lanka's economic growth is projected to recover from the effects of last year’s weather disruptions, which negatively …
Foreign outflow from the CSE $ 10mn on the day, $ 50mn for 2018
October 15, 2018 (LBO) - Foreign outflow out of the Sri Lankan stock market topped Rs1.7bn (US$10mn) on the day as the former owner of Singer Sri …
SAARC looks to go high tech to boost regional trade : Minister
Oct 15, 2018 (LBO) - Despite low trade within the region, there is potential for using information and communication technologies to contribute to …
FMO supports Nations Trust Bank’s growth and drives job creation in Sri Lanka
Oct. 15, 2018 (LBO) - FMO, a Dutch Development Bank recently arranged a US 50 million dollar syndicated loan for Nations Trust Bank (NTB) in Sri …
Central Bank introduces whistleblowing policy & code of conduct for employees
Oct 15, 2018 (LBO) – Sri Lanka’s Central Bank said a whistleblowing policy and a new code of conduct for all employees have been introduced as …
Amalgamation of Janashakthi General with Allianz Insurance completed
Oct 15, 2018 (LBO) - Allianz Insurance Lanka Limited (Allianz Lanka) said, the acquisition of Janashakthi General Insurance in February 2018, has …
Block trade in Singer Sri Lanka (SINS), 9.47% of outstanding shares traded at Rs47
October 15, 2018 (LBO) - The Colombo Stock Exchange (CSE) woke up today with a block trade in Singer Sri Lanka. 35,562,883 shares traded at Rs47, up …
Stock price decline leaves John Keells (JKH) vulnerable to a takeover by Sri Lanka’s oligarchs
October 15, 2018 (LBO) - 2018 has been a tough year for emerging market equities, and Sri Lankan stocks are no exception. The major stock indices …