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Orient Finance (BFN) reports a loss of Rs21mn for the quarter, deposits at Rs11.6bn

August 16, 2018 (LBO) - Colombo Stock Exchange listed Orient Finance (BFN) reported a loss of Rs21mn for the quarter ended June 2018. buy nolvadex …

Alliance Finance (ALLI) makes a profit of Rs138mn for the June quarter, deposits at Rs12.9bn

August 16, 2018 (LBO) - Colombo Stock Exchange listed Alliance Finance (ALLI) reported a profit of Rs138mn for the quarter ended June 2018. The …

Swarnamahal Financial Services (SFS) loses Rs40mn in June quarter, Deposits at Rs3bn

August 16, 2018 (LBO) - Colombo Stock Exchange listed Swarnamahal Financial Services (SFS) reported a loss of Rs40mn for the quarter ended June 2018. …

The Finance Company (TFC) lost Rs740mn in the June quarter, deposits at Rs30bn

August 16, 2018 (LBO) - Central Bank of Sri Lanka (CBSL) registered finance company The Finance Company (TFC) reported a staggering loss for the …

Galaxy Note9 now available for pre-order in Sri Lanka

(Press release) -  Samsung today opened pre-bookings for its flagship Galaxy Note9 smartphone in Sri Lanka. The latest addition to its premium Note …

Singapore-SL FTA revenue protection not yet gazetted but published by Treasury

Aug 16, 2018 (LBO) – Department of Trade & Investment Policy has not yet published the extraordinary gazette pertaining to the revenue …

UK helps Sri Lanka to resettle 2,500 people in recently released lands in North & East

Aug 16, 2018 (LBO) – United Nations Development Programme in Sri Lanka recently entered into a partnership agreement with the UK to extend support …

Pradeep Moraes re-elected as Chairman of Condominium Developers Association

Aug 16, 2018 (LBO) - The Condominium Developers Association of Sri Lanka (CDASL), has announced the appointment of new office bearers and members of …

Sri Lanka’s HNB Group records PBT of Rs.14.1 Bn in 1H 2018

Aug 16, 2018 (LBO) - HNB Group recorded Rs 14.1 Bn in Profit Before Taxes (PBT) for the first six months of 2018, representing a 30.7% Year-on-Year …

Commercial Bank continues growth in Q2 to post strong 6-month result

Aug 16, 2018 (LBO) - Commercial Bank of Ceylon PLC has continued its growth momentum into the second quarter of 2018, despite having to pay in …

SriLankan Airlines flights to Cochin Airport suspended due to flooding

Aug 15, 2018 (LBO) – SriLankan Airlines has temporarily suspended flights to and from the South Indian city of Cochin until 18th August, following …

Virtusa worth $ 1.5 billion, projects year-end March 2019 revenue of $ 1.25 billion

August 15, 2018 (LBO) - Nasdaq listed software development company Virtusa (VRTU) reported earnings for the quarter ended June 30th 2018 last week. …

Fitch maintains negative banking sector outlook for Sri Lanka in 2018

Aug 15, 2018 (LBO) – Fitch Ratings said it maintains a negative banking sector outlook for Sri Lanka as operating conditions remain challenging, …

CB extends suspension of Pan Asia Bank primary dealer activities by 6 months

Aug 15, 2018 (LBO) – Monetary Board has decided to extend the suspension of business and activities of a Primary Dealer of Pan Asia Banking …

Hemas Group net profit down 20-pct in 1Q amid high finance cost

Aug 15, 2018 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure, and healthcare has posted a shareholder profit of 554. buy …

Special Salaries Commission to remove public sector salary anomalies

Aug 14, 2018 (LBO) – Cabinet approval has been granted to appoint a special salaries commission to remove salary anomalies in the public sector …

Vienna ranks as most liveable city in 2018 displacing Melbourne

Aug 14, 2018 (LBO) – For the first time in the survey history of Economist Intelligence Unit, Austria’s capital, Vienna, has been ranked as the …

Spending 640,000 rupees for a chair is not a big deal: WPC Chief Minister

Aug 14, 2018 (LBO) – Chief Minister Isura Devapriya says that it is not a big deal to spend 640,000 rupees for a chair in the Western Provincial …

Sri Lanka industrial production index up 0.4-pct in June

Aug 14, 2018 (LBO) - The volume of industrial production has increased by 0. online pharmacy buy spiriva inhaler with best prices today in the USA …

Janashakthi Insurance PLC reports 6-pct growth (YoY) in June quarter

Aug 14, 2018 (LBO) - Life Insurer Janashakthi Insurance PLC (Janashakthi) reported a 6 percent year on year (YoY) growth in Gross Written Premium …

Jaffna uniquely positioned for dual-hub IT strategy: STAX

Aug 14, 2018 (LBO) - Sri Lanka’s leading management consulting firm, STAX, recently launched a research report outlining a dual-hub IT strategy for …

Sri Lanka Telecom (SLTL) to issue 90mn shares in private placement, price TBD

August 13, 2018 (LBO) - Trading in shares of Colombo Stock Exchange (CSE) listed Sri Lanka Telecom (SLTL) were halted today pending an announcement …

Sangakkara says ‘never’ to politics in Sri Lanka

August 13, 2018 (LBO) - Cricket legend and icon Kumar Sangakkara has dashed the hopes of Sri Lankans everywhere by releasing a statement that he will …

Ceylon Tobacco (CTC) pays taxes of Rs63bn, keeps Rs8bn for itself at halfway mark for 2018

August 13, 2018 (LBO) - Colombo Stock Exchange (CSE) listed Ceylon Tobacco (CTC) reported robust earnings for the quarter and six months ended June …