Ceylinco Life’s 6-month PBT up 64-pct to Rs1.6Bnl
(PRESS RELEASE) - Ceylinco Life has posted profit before tax of Rs 1.628 billion for the six months ending 30th June 2017, recording noteworthy growth of 64 …
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CB suspends Pan Asia Bank primary dealership for 6 months
Aug 15, 2017 (LBO) – Sri Lanka’s Central Bank has suspended business activities of the primary dealer of Pan Asia Banking Corporation (PABC) for a period …
Sri Lanka’s HNB offers 4.4 mnl shares to investors
Aug 15, 2017 (LBO) - Sri Lanka's Hatton National Bank said it was offering 4. buy tamiflu online …
Central Bank & ICTA have no legal deal with Total Pay: Harsha
Aug 11, 2017 (LBO) – Sri Lanka’s National Policies and Economic Affairs Deputy Minister Harsha De Silva told Parliament Friday that neither the Central …
Hayleys records 61-pct dip in PBT to Rs.408Mln, Turnover up 21-pct to Rs.29Bln in Q1
(PRESS RELEASE) - Hayleys Group said that despite improved revenue, it was a challenging quarter for the group, during which Profits Before Tax (PBT) …
Sri Lanka’s Haycarb PLC record revenue of Rs.3.3Bln,PBT Rs.151Mln for Q1 2017/18
(PRESS RELEASE) - The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 3.3 billion and profit before tax of Rs 151 million for the first quarter of …
Perkins and Sterling & Wilson Group strengthen partnership in Sri Lanka
Aug, 08 2017 (LBO) - The industrial policies in Sri Lanka have always encouraged investment in industries, making the country an important market for Perkins, …
Sunshine group profits up by 32.5-pct to Rs540 mln in 1Q
(PRESS RELEASE) - Sri Lankan conglomerate Sunshine Holdings reported impressive growth in top and bottom line performances during the first quarter of the …
Sri Lankan companies eye Africa as next investment destination: Stax
Aug 01, 2017 (LBO) - STAX Inc, a strategy consultancy, says as African economies continue to grow, more opportunities will open up for Sri Lankan firms in …
Travel goods from Sri Lanka to receive duty free entry to US
July 21, 2017 (LBO) – Export of travel-related products from Sri Lanka will enjoy duty free entry to the United States following a decision by the US …
One third of Sri Lankan family firms don’t have a succession plan: survey
July 20, 2017 (LBO) – The Sri Lanka Institute of Directors and global strategy consulting firm Stax, highlighting their 2017 Family Business Survey, says 32 …
Sri Lanka stock market records 8-pct gain in 1H
July 18, 2017 (LBO) – The benchmark All Share Price Index of the Colombo Stock Exchange (CSE) recorded an 8.23 percent gain year-to-date, a noteworthy …
New revenue Bill should be implemented from April 2018: Ceylon Chamber
July 17, 2017 (LBO) – Ceylon Chamber of Commerce says it is their view that the new Inland Revenue Bill, once enacted, should ideally be implemented from 1st …
Sri Lanka prepares for 7th session of FTA talks with China
July 17, 2017 (LBO) - Sri Lanka is preparing for a seventh session of talks with China on a Free Trade Agreement, the Ministry of Industry and Commerce said. …
CSE records second highest yearly foreign inflow
July 12, 2017 (LBO) – Sri Lanka’s Colombo Stock Exchange has recorded the second highest-ever yearly net foreign inflow of 22.8 billion rupees, the …
Central Bank suspends business of Perpetual Treasuries for 6 months
July 06, 2017 (LBO) – The Monetary Board of the Central Bank of Sri Lanka on Thursday suspended Perpetual Treasuries Limited from carrying on the business …
Independence of Sri Lanka SEC should be extended: IOSCO review
July 06, 2017 (LBO) – The International Organization of Securities Commissions (IOSCO) says it has identified progress made by Sri Lanka’s securities …
HNB Rights issue approved by shareholders at the EGM
(PRESS RELEASE) -The Extra Ordinary General Meeting(EGM) held by Hatton National Bank PLC with regard to the issuance of shares by way of a Rights Issue was …
Sri Lanka CCC appoints Rajendra Theagarajah as new chairman
June 30, 2017 (LBO) - The Ceylon Chamber of Commerce appointed Rajendra Theagarajah as its new Chairman during its 178th AGM held in Colombo, Thursday. …
Sri Lanka appoints Dumith Fernando to CSE Board
June 29, 2017 (LBO) - Sri Lanka's Colombo Stock Exchange said it appointed Dumith Fernando as a Director of its board at its Annual General Meeting in place …