Sri Lanka rupee hits record low
Sept 05, 2018 (LBO) - The Sri Lanka rupee dropped to a new record low of 163.30 rupees against the US dollar Wednesday in mid after-noon trade. The rupee …
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CSE flags irregular trading in shares of MTD Walkers (KAPI)
September 4, 2018 (LBO) - On August 31st, the Colombo Stock Exchange (CSE) has queried listed construction firm MTD Walkers (KAPI) on unusual trading in its …
Palm oil industry association launched to advocate sustainable growth in Sri Lanka
Sept 04, 2018 (LBO) - Sri Lanka's Oil Palm industry has formally inaugurated an industry association under the aegis of the Ceylon Chamber of Commerce to …
Sri Lanka BoI targets 35 projects with Rs.46.4Bn in investments in the North
Sept 03, 2018 (LBO) - The Northern Province has benefited from investment as a result of the efforts of the Board of Investment of Sri Lanka. Among the BOI …
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 company …
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 board as an …
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 December 1, …
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 operations in the …
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 amount its …
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 Exchange …
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 (FIU) of Sri …
Sri Lanka Govt gives Cabinet nod to increase subsidy for rubber planting
Aug 23, 2018 (LBO) - Sri Lanka’s cabinet of Ministers has given the go ahead for increasing subsidies given to farmers for planting rubber in a bid to …
Office space demand and long term optimism for apartments to drive real-estate market
Aug 21, 2018 (LBO) – It is clear that Sri Lanka has enjoyed a sustained growth in the supply of high-end luxury apartments. online pharmacy buy abilify with …
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 online …
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 balance sheet …
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 …
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 quarter ended …
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 protection order …
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 the …