Capital TRUST acquires Taxiyak and launches Taxiya
Apr 08, 2019 (LBO) - Capital TRUST Mobility Solutions (Pvt) Ltd, a subsidiary of Capital TRUST Holdings Limited is launching Taxiya, a mobile taxi hailing …
Companies
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Sri Lanka’s Securities & Exchange Commission files action for insider dealing
Mar 31, 2019 (LBO) – Sri Lanka's Securities & Exchange Commission has filed an action before the Fort Magistrate’s Court against Dr. Sena Yaddehige, …
Empowering women with financial independence by closing the investment gap
Mar 29, 2019 (LBO) - As Sri Lankan women join the workforce – particularly in the corporate sector - at a higher rate than ever before, a new opportunity to …
Sri Lanka’s Tokyo Cement Company(Lanka) board resolves amalgamation
Mar 27, 2019 (LBO) - Sri Lanka's Tokyo Cement Company (Lanka) PLC board of directors of has resolved the amalgamation of TOKYO Super Cement Company Lanka …
Sri Lanka’s Oceanpick first in South Asia to earn certification for offshore farming
Mar 27, 2019 (LBO) - Oceanpick (Pvt) Ltd., has been awarded the Best Aquaculture Practices (BAP) certification, making Sri Lanka a pioneer in South Asia -and …
Sri Lankan Banks manage capital impact of SLFRS 9
Mar 22, 2019 (LBO) - Sri Lankan banks have been able to manage the capital impact of first-time adoption of SLFRS 9 accounting standards, in line with our …
Sri Lanka’s NBFIs pressured by weak economic growth and vehicle sales
Mar 21, 2019 (LBO) - Fitch Ratings expects Sri Lankan non-banking financial institutions (NBFI) to continue to face pressure on asset quality and profitability …
Opinion: Are Sri Lanka’s banks aggressively raising capital without adequate disclosure?
March 17, 2019 (LBO) - Banking institutions over the last few months seem to be making an aggressive push to raise capital through rights and debenture issues. …
HVA avoids trading suspension, takes Rs140mn provision to resolve accounting issues
March 15, 2019 (LBO) - Colombo Stock Exchange CSE listed HVA Foods (HVA) has avoided an impending trading suspension by resolving accounting issues flagged by …
Mandatory provisions regarding separation of Chairman/CEO roles, awaiting public consultation: SEC
Mar 14, 2019 (LBO) - The corporate governance provisions for the separation of the chairman and chief executive officer roles in listed companies, were to be …
MTD Walkers (KAPI) trading still halted, collapse likely to cause pain for bankers
March 13, 2019 (LBO) - Shares in Colombo Stock Exchange listed MTD Walkers (KAPI) have been halted from trading since February 14th. Investors are still …
UK’s Flexicare launches USD 10Mn health care manufacturing facility in SL
Mar 13, 2019 (LBO) - Flexicare Lanka (Pvt) Ltd., a fully owned subsidiary of Flexicare Group, UK launched the construction of a state-of-the art modern …
France’s Michelin eyes Sri Lanka for new operations
Mar 13, 2019 (LBO) - A delegation from Michelin, the French tire manufacturing giant met with the Board of Investment Chairman Hemasiri Fernando and Champika …
LSEG appoints Dee Liyanwela as head of LSEG Technology Sri Lanka
Mar 12, 2019 (LBO) - The London Stock Exchange Group (LSEG) announced Dee Liyanwela has been appointed as the Head of LSEG Technology Sri Lanka, in addition to …
HVA Foods (HVA) under threat of trading suspension next week
March 12, 2019 (LBO) - Colombo Stock Exchange (CSE) listed HVA Foods (HVA) has been informed by the CSE that their stock will suspended from trading on March …
CSE listed East West Properties (EAST) reports a crippling loss, equity almost wiped out
March 12, 2019 (LBO) - Colombo Stock Exchange listed East West Properties (EAST) has reported a crippling loss which has almost wiped out the entire equity of …
Interview : Present and future trends in real-estate and condo market in Sri Lanka
Mar 11, 2019 (LBO) – The Blue Ocean Group of Companies has grown into a versatile conglomerate over the past few years. The group of companies engage in …
Realistic budget but concern on growth & implementation: Ceylon Chamber
Mar 07, 2019 (LBO) – The Ceylon Chamber of Commerce says that the GDP growth estimates provided in the budget speech, for the period from 2019-2024 are of …
Another cash call – DFCC to tap the markets for Rs7.6bn in strikingly low priced rights issue
March 6, 2019 (LBO) - DFCC became the latest major bank in Sri Lanka to tap the capital markets in an aggressive rights issue. The bank aims too raise Rs7.6bn …
Sri Lanka Budget 2019: Overview of key taxation proposals
Mar 06, 2019 (LBO) – Sri Lanka’s budget 2019 estimates total revenue and grants of 2,464 billion rupees against a total estimated expenditure of 3,149 …