Sri Lanka SEC approves All or None blocks in trading of stocks
Mar 06, 2017 (LBO) – Sri Lanka’s securities regulator has approved the Automated Trading System rules and corresponding amendments to the Central …
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Sri Lanka’s BPPL Holdings latest entrant to CSE with IPO
Feb 22, 2017 (LBO) - Sri Lanka's BPPL Holdings Limited, (Beira Group), a leading brush manufacturer, will be entering the Colombo Stock Exchange next month …
Sri Lanka’s capital gains tax will be nightmare to implement: Abeysuriya
Feb 22, 2017 (LBO) – Sri Lanka’s capital market players are not expecting a capital gain tax (CGT) on the share market as it will have a cascading effect …
Softlogic Holdings turnover crosses Rs. 45 Bn, up 9.9-pct
Earnings Review - Group’s cumulative turnover crossed Rs. 45 Bn (up 9.9%) for period ending 31 December 2016 while the quarterly revenue …
More public-private collaboration needed during humanitarian crises: WEF
Feb 15, 2017 (LBO) - Public-private collaboration in the humanitarian space is being discussed, as highlighted at the recently concluded World Economic Forum, …
Hayleys 3Q16 profits grow by 8-pct to Rs.1.1Bn
(PRESS RELEASE) - Sri Lankan conglomerate Hayleys PLC’s profits after tax rose by 8% Year-on-Year (YoY) to reach Rs. 1.1 billion during the quarter ended …
South Asian stock exchange officials to meet in Colombo
Feb 14, 2017 (LBO) - The Colombo Stock Exchange (CSE) will host the executive committee board meeting for the current term of the South Asian Federation of …
Virtusa third quarter revenue up 3.4-pct
(PRESS RELEASE) - Revenue for the third quarter of fiscal 2017 was $217.2 million, an increase of 3.4% sequentially and 44.2% year-over-year. On a constant …
Haycarb records turnover of Rs.9.4Bn and PBT of Rs.768Mn in Q3 2016/17
(PRESS RELEASE) - Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of Rs. 9.4 billion and profit before tax of Rs. 768 million for 9 …
Sri Lanka VAT increase on alcohol won’t affect consumption: Fitch
Feb 01, 2017 (LBO) - Firm demand for alcohol will absorb higher prices caused by Sri Lanka's introduction of 15 percent value added tax (VAT) in November 2016, …
Dipped Products Records Steady Growth in Revenue
(PRESS RELEASE) - Group turnover for the 9 months of the financial year 2016/17 was 18 billion rupees, compared to 16 billion rupees for the same period of the …
Sri Lanka’s Ceylon Tabacco to close two leaf depots
Jan 31, 2017 (LBO) - Sri Lanka's Ceylon Tobacco Company PLC (CTC) announced that it will be closing its leaf depots situated in Anuradhapura and Sigiriya due …
Sri Lanka JKH profits up 32-pct supported by port and shipping sector
Jan 27, 2017 (LBO) - Sri Lanka's John Keells Holdings net profits were up 32 percent to 5.15 billion rupees in the December 2016 quarter from a year earlier, …
Teejay ends Q3 with revenue growth of 33-pct despite challenges
Press Release: The Teejay Group which recently consolidated its operations in Sri Lanka and the region under the single brand ‘Teejay,’ announced a strong …
Sri Lankan shares hit near 10-mth closing low
Jan 24, 2017 (Reuters) – Sri Lankan stocks closed at their lowest in nearly 10 months on Tuesday, dragged down by banking and telecom shares, as concerns …
Technology and know-how essential for development: Hausmann
Jan 24, 2016 (LBO) - The guest lecture in Colombo recently by Prof. Ricardo Hausmann highlighted the importance of technology and know-how in fostering …
Sri Lankan shares end higher on foreign buying
Jan 20, 2017 (Reuters) – Sri Lankan stocks closed higher on Friday led by financials, after hitting a more than one-week closing low in the previous session, …
Sri Lanka’s Swarnamahal Financial Services transferred to default board
Jan 19, 2017 (LBO) - Sri Lanka's Swarnamahal Financial Services (SFS) has been transferred to default board with with immediate effect following …
Sri Lankan shares end lower; heavyweights down
Jan 17, 2017 (Reuters) – Sri Lankan stocks closed lower on Tuesday for a second straight session as investor sentiment took a hit on political uncertainty …
Coca-Cola eyes Sri Lanka for production facility: Fin Min
Jan 17, 2017 (LBO) - International beverage company Coca-Cola has expressed their interest in setting up a production hub in Sri Lanka, the Finance Ministry …