Singapore’s Ube takes 10-pct stake in Tokyo Cement
June 28, 2017 (LBO) - Ube Singapore Holdings Pvt, a Japanese group operating businesses in the Southeast Asian region, has acquired a 10 percent stake in Sri …
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New share transaction fees to be effective from next week
June 23, 2017 (LBO) – Sri Lanka’s securities regulator has directed all licensed stock brokers and dealers to comply with the new fee structure which will …
Sri Lanka should relax issuing licenses for beer & wine: FinMin
June 23, 2017 (LBO) – Sri Lanka’s Finance Minister told Parliament Thursday that the country needs to relax issuing liquor licenses for beer & wine as …
Sri Lanka plans trade, business delegation to Bangladesh
June 16, 2017 (LBO) - Sri Lanka's Ministry of Industry and Commerce plans a trade and business delegation visit to Bangladesh next month, on the back of a …
CSE announces changes to S&P index
Jun 14, 2017 (LBO) - The Colombo Stock Exchange (CSE) announced the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones …
DFCC subscribes to Commercial Bank rights issue in full
June 14, 2017 (LBO) – Sri Lanka’s DFCC bank on Tuesday said it subscribed to the recent rights issue of Commercial Bank in full. online pharmacy buy …
Odel and Softlogic brands buys space in Colombo City Centre
Jun 13, 2017 (LBO) – Sri Lanka's Odel Plc and subsidiary Softlogic brands said it acquired 39,560 square feet of space in Colombo City Centre Mall, a …
Sunshine Holdings records strong growth despite challenging market condition, Revenue up 10.3-pct
(PRESS RELEASE) • PAT improves sharply by 33.1% YoY to Rs. 1.6 billion • Healthcare revenue up 9.8% YoY to Rs 7.9 billion revenue • Agri revenue grew …
Unilever’s Project ArunellaWorks with Communitieson Sustainable Waste Management
Unilever’s Project ArunellaWorks with Communitieson Sustainable Waste Management (PRESS RELEASE) - Initiative Eliminates Garbage Dumps in Agarapathana Region …
Virtusa Announces Fourth Quarter and Full Year 2017 Consolidated Financial Results
Fourth quarter fiscal 2017 revenue of $226.0 million increased 4.0% sequentially and 31.5% year-over-year. Fourth quarter fiscal 2017 diluted EPS was $0.34 on …
Sri Lanka’s People’s Bank buys PMF land in Colombo
May 24, 2017 (LBO)- People`s Merchant Finance (PMF) had sold its 108-perch property in Colombo 02 to People's Bank for 1.04 billion rupees in order to help …
First Capital reports PAT of Rs231 mln for year
Press Release: First Capital Holdings PLC, a full service investment bank providing a diverse range of advisory services and financial products through its …
Sri Lanka’s Softlogic gets Baskin-Robbins master franchise
May 19, 2017 (LBO) - Sri Lanka's Softlogic Group has, through it's fully-owned subsidiary Softlogic Restaurants, entered into an Asset Sale and Purchase …
Sri Lanak’s Teejay reports 24-pct revenue growth in volatile 2016/17
(PRESS RELEASE) - Teejay Lanka PLC (formerly Textured Jersey), the Sri Lanka headquartered world-class knit fabric solutions provider, has reported revenue of …
Hemas after-tax profit up 28-pct to Rs3.8Bn in FY17
May 18, 2017 (LBO) - Hemas Holdings Plc Wednesday announced an after-tax profit of 3.8 billion rupees for the year ended 31 March 2017, reflecting a 28.3% …
Sri Lanka exempts income tax on IT BPO, capital gains for real estate
May 15, 2017 (LBO) - Sri Lanka's Finance minister announced some features of the new Inland Revenue Act which include income tax exemptions for IT exports, …
Sampath Bank surpasses Rs 2Bn mark for PTP in quarter ended March 31
(PRESS RELEASE) - Sampath Bank surpassed Rs 2.0 billion mark to achieve post tax profit (PTP) of Rs 2.3 billion for the quarter ended March 31, 2017. This …
Lankem Ceylon buys 100-pct of bottle maker Kiffs
May 08, 2017 (LBO) - Sri Lanka's Lankem Ceylon said it had bought a 100 percent stake in Kiffs (Private) Ltd, a pet bottle maker for 225 million rupees. online …
Registration fee for private companies slashed by 73-pct
For the first time in Sri Lanka’s corporate history, heavy fees levied for registering a new Company, has been scrubbed by the government in a big …
Ray Abeywardena appointed as new chairman at CSE
The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Mr. Ray Abeywardena as the Chairman of the Board of Directors of the CSE with effect …