Facebook stock down 24-pct on slow growth forecast
Jul 26, 2018 (LBO) - Facebook Inc’s stock was down by nearly 24 percent, Wednesday following concerns voiced over the last few months on social …
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Teejay Lanka profit after tax grows by 27-pct to Rs.279.3Mn
Capacity expansion in India and an increased order book from the US and EU have enabled Teejay Lanka PLC, Sri Lanka’s only multinational textile …
Legendary cricketer Imran Khan inching closer to Pakistan’s Premiership
July 26, 2018 (LBO) - Preliminary indications are that Imran Khan’s Pakistan Tehreek-e-Insaf is to emerge with the largest amount of seats in …
Central Bank decides to cancel licence of Standard Credit Finance Limited
July 25, 2018 (LBO) – Monetary Board of the Central Bank of Sri Lanka has decided to cancel the Licence issued to Standard Credit Finance Limited …
Sri Lanka stocks hardly trade for 3 consecutive days
July 25, 2018 (LBO) - The Colombo Stock Exchange (CSE) closed the day down slightly on very low volume. The major indices, the ASPI and S&P SL …
Opinion : Financial reporting and the impact on capital market development
By Nandika Buddhipala Introduction The origination of financial reporting can be closely connected to the requirement to collect and record data …
Union Bank (UBC) continues to stagnate 4 years after historic TPG investment
July 25, 2018 (LBO) - Colombo Stock Exchange listed Union Bank of Colombo (UBC) reported lacklustre results for the quarter ended June 2018. These …
USD 100Mn World Bank aid to modernize the education system in Sri Lanka
Jul 25, 2018 (LBO) - Sri Lanka signed a US 100 million dollas credit agreement with the World Bank to support Sri Lanka’s efforts to strengthen …
USD25.6 million contribution from Wathupitiwela EPZ to export earnings
Jul 25, 2018 (LBO) - The BOI’s Wathupitiwela Export Processing Zone (WEPZ) has contributed US 25,599,216.25 dollars (US$ 25.6 Mn) in export revenue …
Cabinet nod for Govt. to write off microfinance debt
Jul 25, 2018 (LBO) - Sri Lanka's government approved a Cabinet paper to write off non-consumption loans up to 100,000 rupees given to women by all …
Fitch maintains negative watch rating on Sri Lanka’s HDFC Bank
Jul 24, 2018 (LBO) - Fitch Ratings has maintained Housing Development Finance Corporation Bank of Sri Lanka's (HDFC Bank) National Long-Term Rating …
CSE listed Asian Hotels (AHPL) profit evaporates as new competitors emerge
July 24, 2018 (LBO) - Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported weak results for the quarter ended June 30, 2018. …
Sri Lanka June inflation marginally up at 2.5-pct
Jul 24, 2018 (LBO) - Sri Lanka’s National Consumer Price Index (NCPI) for the month of June 2018 was up at 2.5 percent in June 2018 from a year …
EGUARDIAN brings Fortinet’s third generation of network security toSri Lanka
(PRESS RELEASE) - EGUARDIAN Lanka, Sri Lanka’s leading value added IT distributor, recently held a knowledge sharing forum for their customers on …
Sri Lanka to launch electric three wheelers by 2020
Jul 24, 2018 (LBO) - Sri Lanka together with Japan Sri Lanka Comprehensive Partnership secretariat and T-PLAN has built an electric three-wheeler. …
Construction of USD250mn Rigid Tire factory proceeding rapidly: BOI
Malik Samarawickrama Minister of Development Strategies and International Trade visited the Rigid Tire Corporation (Pvt) Ltd factory site which is …
Sri Lanka announces biggest youtube meetup of the year with “YouTube Open Mic”
YouTube Open Mic Night is the first of its kind in Sri Lanka, and an event to bring together the country’s leading YouTube Celebrities, Brand …
Moragahakanda Kalu Ganga Reservoir water filling commences
July 23, 2018 (LBO) – Sri Lanka marked the completion of the Mahaweli Multipurpose Project after the water filling of the Moragahakanda Kalu Ganga …
Sri Lanka – UNWFP join hands to improve nutrition and food security
Jul 23, 2018 (LBO) - The UN World Food Programme (WFP) and the government of Sri Lanka have signed a Letter of Understanding (LOU) on its next phase …
Wulian appoints Techneed as authorized distributor for IoT products in Sri Lanka
Wulian, a professional manufacturer and global leading supplier for IOT, Smart Home products and solutions has announced the appointment of Techneed …
Opinion: Suren Ratwatte was underpaid as CEO of Sri Lankan Airlines
July 23, 2018 (LBO) - A recent uproar has been created by the Right to Information Commission's disclosure of the executive compensation package of …
Colombo Port transshipments up by 19.8-pct in 1H; targets 7mn TEUs for 2018
July 22, 2018 (LBO) – Establishing a record in transshipment operations, the Colombo Port has witnessed the highest growth of 19. online pharmacy …
Guardian Acuity Asset Management Unit Trust Funds bags Gold and Silver
MEDIA RELEASE July 22, 2018 (LBO) - Guardian Acuity Asset Management underlined its position as one of Sri Lanka’s leading unit trust management …
OPINION: The Sri Lankan tourist industry’s ignorance of the North starts at the top
By Jekhan Aruliah I must first congratulate the Sri Lanka Tourist Development Authority (SLTDA) before I criticise it. Just a few days after the …