Finance Min calls for new regulatory body for Microfinance industry
Aug 03, 2018 (LBO) - Sri Lanka's Finance Minister said that he is proposing the establishment of a new microfinance regulatory authority together with …
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LB Finance (LFIN) reports profits of Rs1.1bn for the quarter, deposit base grows to Rs75bn
August 2, 2018 (LBO) - Colombo Stock Exchange listed LB Finance (LFIN) reported earnings of Rs1.137bn for the quarter ended June 2018. buy fluoxetine online …
CSE listed DIMO reports a loss as inventories increase by Rs5bn; stock is cheap but investors pass
August 2, 2018 (LBO) - Colombo Stock Exchange listed DIMO lost Rs54mn in the quarter ended June 2018. online pharmacy buy abilify with best prices today in the …
Huawei seizes second place in global smartphone market in Q2
Aug 02, 2018 (LBO) - Huawei, a fast growing smartphone brand has seized second position in the global smartphone market with a total share of 15.8 percent in …
Damro’s opens Rs 12.5Bn Marino Mall and hotel in Colombo
Jul 31, 2018 (LBO) - Damro Group opened the 12.5 billion rupee Marino Mall and Beach Hotel in Colombo 3, adding 289 star class rooms to Colombo’s hotel …
United Motors (UML) reports another profit decline, despite vehicle import boom
July 30, 2018 (LBO) - Colombo Stock Exchange (CSE) listed United Motors Lanka (UML) reported revenue and profit declines for the quarter ended June 2018. UML …
Bathiya and Santhush appointed brand ambassadors for Sony audio products in Sri Lanka
Singer (Sri Lanka) PLC, the country’s premier consumer durables retailer, together with Sony International, has appointed Sri Lanka’s leading musical duo …
UAL only Sri Lankan company in Forbes Asia’s 200 ‘Best under a Billion’ 2018 list
Jul 30, 2018 (LBO) - Sri Lanka's Union Assurance PLC, a life insurance provider has made it to Forbes Asia’s 2018 list of 'Best under a Billion ' list of …
John Keells Holdings reports weak results, 62% of Cinnamon Life residencies sold
July 29, 2018 (LBO) - Sri Lanka's most important listed company, John Keells Holdings (JKH) reported weak results for the quarter ended June 2018. Despite an …
CSE listed Kingsbury hotel (SERV) reports a loss, revenue flat
July 28, 2018 (LBO) - The Colombo Stock Exchange listed Kingsbury hotel (SERV) reported a small loss of Rs7mn for the quarter ended June 2018. online pharmacy …
John Keells Hotels loses Rs263Mn for quarter, continues serial under-performance
July 27, 2018 (LBO) - Colombo Stock Exchange listed John Keells Hotels (KHL) reported weak results for the quarter ended June 2018. online pharmacy buy …
NDBIB Wins Euromoney crown for seventh consecutive year
NDB Investment Bank (NDBIB)cemented its position as the market leader and premier Investment Bank in the country by being awarded as ‘Sri Lanka’s Best …
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 websites …
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 …
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 which evolved …
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 of …
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. Revenue was …
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 …
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 being built …