Lankem (LCEY) continues to bleed, loses over Rs400mn for the June quarter
August 31, 2018 (LBO) - Lankem Ceylon (LCEY) reported another rough quarter, continuing its multiyear losses. For the quarter ended June 2018, the …
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Former Combank CEO Jegan Durairatnam joins DFCC as an Independent Non-Executive Director
August 31, 2018 (LBO) - Former CEO of Commercial Bank (COMB) Jegan Durairatnam has been appointed to the Board of Directors of DFCC. He joins the …
Godahewa says CSE has tanked since he resigned as SEC Chairman
August 30, 2018 (LBO) - Former SEC Chairman Nalaka Godahewa has tweeted that the Stock Market in Sri Lanka performed much better when he was the head …
JKH’s Gihan Cooray to Chair Nations Trust Bank
August 30, 2018 (LBO) - John Keells Holdings (JKH) Group Finance Director Gihan Cooray is set to take over as Chairman of Nations Trust Bank from …
Sri Lanka’s Expolanka Freight extends global footprint with new office in Malaysia
Aug 30, 2018 (LBO) - EFL (Expolanka Freight) a global freight-forwarding company headquartered in Sri Lanka is setting up its 18th overseas …
Singapore listed Hotel Properties buys Tangalla Bay Hotels for Rs385mn
Aug 30, 2018 (LBO) – Singapore listed hotelier, Hotel Properties Limited (HPL) through an associate company has acquired 94.71 percent stake in …
USS Anchorage conducts exercise at sea with Sri Lankan Navy
The USS Anchorage joined the Sri Lankan naval ship Suranimila to conduct an exercise at sea on August 28. The exercise allowed the ships to improve …
UN expert to report Sri Lanka’s debt & its impact on human rights to UNHRC
Aug 30, 2018 (LBO) – United Nations Independent Expert on foreign debt and human rights, Juan Pablo Bohoslavsky, will conduct an official visit to …
Opinion: Pulling back the curtain on privatization of Sri Lanka’s plantation sector
Dr. Romesh Bandaranaike shares his unique perspective of Sri Lanka’s plantations With the fate of Sri Lanka’s plantation industry continuing to …
US hands over a cutter to Sri Lanka making it the largest in SL Navy fleet
Aug 29, 2018 (LBO) – United States Coast Guard on Monday handed over a high endurance cutter, formerly the USCGC Sherman, to the Sri Lankan Navy in …
SriLankan Airlines increases capacity between Colombo and Singapore
Aug 29, 2018 (LBO) – SriLankan Airlines said it is expanding the capacity on the Colombo-Singapore-Colombo route with the introduction of …
Kandy’s Santani Resort named in Time magazines 100 ‘World’s Greatest Places’
Aug 29, 2018 (LBO) - Sri Lanka’s Santani Resort, has been named in the Time magazines 100 ‘World’s Greatest Places’. “We have received …
Cotton Collection divests to Softlogic Group
Aug 29, 2018 (LBO) - Sri Lankan fashion retailer, Cotton Collection Ltd. yesterday announced in a statement it has divested for an undisclosed …
Sri Lanka to receive BIMSTEC Chairmanship; President to lead Sri Lanka delegation
Aug 28, 2018 (LBO) – President Maithripala Sirisena will lead the Sri Lanka Delegation to the 4th Summit of the Bay of Bengal Initiative for …
Ashok Pathirage buying controversial NDB shares after 1 year hiatus
August 28, 2018 (LBO) - Softlogic Chairman and CEO Ashok Pathirage has started buying NDB shares in the open market according to a Colombo Stock …
Japanese State Minister for Foreign Affairs to visit Sri Lanka, Pakistan this week
Aug 28, 2018 (LBO) – State Minister for Foreign Affairs of Japan, Kazuyuki Nakane will visit Sri Lanka and Pakistan this week, few days after …
Financial Intelligence Unit enters into MoU with Insurance Regulatory Commission
Aug 28, 2018 (LBO) - In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit …
Sri Lanka official reserves at USD9.3Bn : Rupee depreciated by 5.0-pct by Aug 2018
Aug 28, 2018 (LBO) - The Central Bank of Sri Lanka said reflecting developments in the domestic and global foreign exchange markets, the Sri Lankan …
Japanese Defense Minister commends recent progress of Colombo Port
Aug 27, 2018 (LBO) – Japanese Defense Minister Itsunori Onodera has commended the progress acquired by the Port of Colombo during the recent past, …
SAKS analytics introduces disruptive innovation to Sri Lanka, partners with AntWorks
Aug 27, 2018 (LBO) - As regional businesses continue to make incremental progress in their augmentation of technology into operational and strategic …
STAX presents research on investment and FTA potential at SL-Singapore business council
Aug 27, 2018 (LBO) - Local research consultancy, STAX presented an overall view of key challenges in investment, potential opportunities for …
Data science enthusiasts explore emerging trends at Colombo big data meetup
Aug 27, 2018 (LBO) - Industry professionals, big data enthusiasts, academics and students congregated at the latest edition of the Colombo Big Data …
Former US presidential candidate, Senator John McCain dies at 81
Aug 26, 2018 (LBO) – United States senator and former presidential candidate John McCain died Saturday after losing a battle to brain cancer, at …
Godahewa’s novice geopolitical commentary advances conspiracy theories
August 25, 2018 (LBO) - Controversial former SEC Chairman and corporate executive Nalaka Godahewa has released a youtube video with his commentary on …