Prima Ceylon eyes more investments as it completes 40 years in Sri Lanka
Feb 28, 2019 (LBO) - Prima Ceylon, the flagship company of the Prima Group Sri Lanka, celebrated four decades of successful partnerships and growing together …
Companies
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Ceylon Chamber of Commerce seminar to analyze national Budget 2019
Feb 27, 2019 (LBO) – Ceylon Chamber of Commerce will hold its annual National Budget seminar on 7th March 2019 that will discuss the implications of key …
Resus Energy to invest Rs.1.3Bn in hydro and solar power projects in Sri Lanka
Feb 26, 2019 (LBO) - Resus Energy PLC a renewable energy firm says they will be investing a staggering 1.3 billion rupees hydropower and solar power projects …
Sri Lanka’s Ceylinco Life posts income of Rs.29.2Bn; PBT of Rs7.2 Bn in 2018
Feb 26, 2019 (LBO) - Ceylinco Life has reported total income of 29.21 billion rupees for the year ending 31st December 2018 and recorded premium income of 17.8 …
Financial Action Task Force endorses initial progress made by Sri Lanka
Feb 25, 2019 (LBO) – Financial Action Task Force (FATF), the global policy setter on Anti-Money Laundering and Countering the Financing of Terrorism …
Sri Lanka’s Comm Bank reports operating profit Rs.31.6Bn for the year ended Dec 2018
Feb 25, 2019 (LBO) - The Commercial Bank of Ceylon PLC has reported an operating profit of 31.6 billion rupees for the year ended 31st December 2018, …
Seylan Bank reports PAT of Rs.3,189Mn for year ended 31st Dec 2018
Feb 21, 2019 (LBO) - In a challenging external environment, Seylan Bank recorded a Profit-after-Tax of Rs. 3,189 Million for the year ended 31st December 2018 …
Sri Lanka could grow 20-pct in long-run by closing gender gap: WB Vice President
Feb 20, 2019 (LBO) – Sri Lanka specifically could grow its economy by as much as 20 percent in the long-run by closing the gender gap in the workforce, …
Dialog records Rs.7.5Bn net profit for FY 2018, Invests Rs.30.6Bn in broadband infrastructure
Feb 18, 2019 (LBO) - Dialog Axiata PLC announced, Friday 15th February 2019, its consolidated financial results for the year ended 31st December 2018. …
Sampath Bank records PBT of Rs18.3Bn for 2018
Feb 15, 2019 (LBO) - Sampath Bank recorded a profit before tax (PBT) of 18.3 billion rupees for the year ended 31st December 2018, up by 10.5 percent from a …
EU opposes death penalty; €2.2bn exports under GSP+ from June 2017 – May 2018
Feb 15, 2019 (LBO) – The European Union (EU) has reiterated its opposition to the use of the death penalty in all circumstances and encouraged Sri Lanka to …
Sri Lanka’s Access Engineering records Rs.1.6Bn PAT for nine months
Feb 13, 2019 (LBO) - Access Engineering PLC, releasing its interim financial statements for the nine months December, 31 2018 said the company has recorded …
Hayleys records third quarter PBT of Rs.1.7Bn
Feb 12, 2019 (LBO) - Sri Lankan multinational, Hayleys PLC, recorded a strong all-round performance in the third quarter of 2018 (3Q18), as the Group turnover …
Central Bank clarifies issues on sale of ETI Finance Ltd
Feb 12, 2019 (LBO) - Sri Lanka's Central Bank says it has come to the notice of the Bank that some misinformation is circulating pertaining to ETI Finance Ltd …
UK based Flexicare sings up with BOI to manufacture disposable medical devices in Sri Lanka
Feb 08, 2019 (LBO) - Flexicare (Group) Limited, a UK manufacturer has gained BOI approvals to begin laying the foundation for its newest state of the art …
Teejay reports 9-month net profit of Rs 1.26Bn
Feb 08, 2019 (LBO) - Teejay Lanka PLC has achieved its fifth consecutive quarter of top and bottom line growth in the third quarter of 2018-19, demonstrating …
SEC charges a person before Magistrate for failing to appear when summoned
Feb 07, 2019 (LBO) – Securities and Exchange Commission of Sri Lanka has charged a person named Vidanalage Juvenal Aruna Melan Soysa at Fort Magistrate Court …
Haycarb records turnover of Rs.14.3Bn for 9 months ending Dec
Feb 07, 2019 (LBO) - Sri Lankan multinational Haycarb PLC reported revenue of Rs. 14.3 billion and profit before tax of Rs. 854 million for the nine months …
BOI inks 4 agreements for Hotel, Fabric manufacture and warehousing and logistics
Feb 07, 2019 (LBO) - Sri Lanka's Board of Investment signed agreements for 4 new projects recently. The companies representatives signed the agreements with …
Sri Lanka Customs chief P.S.M. Charles reinstated
Feb 06, 2019 (LBO) - P.S.M. Charles has been reinstated as the Director General of Customs following the its trade union alliance launching a work-to-rule …