India’s Sandal Lands mulls USD 25 mn FDI on Sri Lanka’s real estate
Oct 26, 2015 (LBO) - Sandal Lands (Pvt) Ltd of India said they are in talks with Sri Lanka's urban development agency to seek opportunities to invest up to 25 …
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Janashakthi seals AIA’s general insurance business acquisition
Oct 26, 2015 (LBO) – Sri Lanka’s Janashakthi Insurance PLC said that it sealed the acquisition of AIA General Insurance Lanka Limited with 3. online …
Uber arrives in Sri Lanka
Oct 22, 2015 (LBO) – Uber, a global ride sharing company in over 340 cities in 60 countries, launched in Sri Lanka, a statement said. “At Uber, every city …
Sri Lanka’s Finlays unit to delist
Oct 21, 2015 (LBO) - Sri Lanka's Finlays, a tea exporter said it plans to delist its ordinary shares from the Colombo Stock Exchange, a statement said. "James …
Dialog, BOI in Rs24 bn investment to improve ICT infrastructure
Oct 21, 2015 (LBO) – Dialog Axiata Plc entered into an agreement with Board of Investment of Sri Lanka to invest 25. buy ocuflox online …
Worker wages with revenue share is only solution: Plantation Companies
Oct 21, 2015 (LBO) – Sri Lanka Regional Plantation Companies (RPCs) have come up with a model for the pressing wage problem of plantation workers and …
Sri Lanka’s Vallibel One to go ahead with USD60mn integrated resort project
Oct 21, 2015 (LBO) – The leisure investment arm of Vallibel One, Greener Water limited is to continue with its project to construct a 400-roomed luxury five …
Ravi K warns companies not paying bonuses due to Super Gains Tax
Oct 20, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Tuesday that the government is in search for big companies that are not …
Janashakthi rights issue approved for AIA General acquisition
Oct 16, 2015 (LBO) – Sri Lanka’s Janashakthi Insurance received the formal go ahead from its shareholders to raise over 3. online pharmacy buy strattera …
MasterCard, NDB to offer purchase control solutions to minimize fraud
Oct 14, 2015 (LBO) – Sri Lanka’s National Development Bank and MasterCard said that they will bring the MasterCard Purchase Control solution to Sri …
Candor to list 5-year unit trust on CSE, makes public offer
Oct 13, 2015 (LBO) - Candor Opportunities Fund, managed by Candor Asset Management, has been approved to list on the Colombo Stock Exchange with a public …
Sri Lanka to revive Sathosa with help from Singapore
Oct 09, 2015 (LBO) – Sri Lanka’s state owned retail chain Lanka Sathosa aims to get support to revive from Singapore as the retail chain is making …
Sri Lanka’s John Keells (JKL) gets new CEO
Oct 07, 2015 (LBO) - Hishantha G R De Mel has been appointed Acting Chief Executive of John Keells PLC, a subsidiary of John Keells Holdings, from 01 October …
Sri Lanka’s LAUGFS acquires USD6mn LPG ship
Oct 05, 2015 (LBO) – Sri Lanka’s LAUGFS Maritime Services, a logistic arm of LAUGFS Gas PLC, said it acquired their second LPG ship to provide logistic …
Sri Lanka’s proposed finance bill discourages private sector investment: CCC
Oct 05, 2015 (LBO) – Sri Lanka’s Finance Bill of March 2015 sends negative signal to the private sector and discourages investment, the Ceylon Chamber of …
Sri Lanka’s Renuka Foods to acquire Shaw Wallace Ceylon through a share swap
Oct 02, 2015 (LBO) – Sri Lanka’s Renuka Foods is to acquire Shaw Wallace Ceylon limited through a share swap agreement to save cost and improve operational …
Fitch affirms Sri Lanka Insurance Corporation at IFS BB- rating
Sep 30, 2015 (LBO) – Fitch Ratings has affirmed Sri Lanka Insurance Corporation Limited's Insurer Financial Strength rating (IFS) at 'BB-' with a Stable …
Sri Lanka is one of the fastest growing markets in South Asia says Huawei
Sep 29, 2015 (LBO) – As Sri Lanka is one of the fastest growing market in South Asia in smart phone segment of Chinese mobile maker, Huawei, says it plans to …
Sri Lanka wants holding company structure for public enterprises: Governor
Sept 29, 2015 (LBO) - Sri Lanka's government is looking at setting up a holding company which will own equity stakes in public enterprises, the central bank …
Sri Lanka JKH’s Cinnamon Life has 40 pct of residential tower prebooked: Official
Sep 23, 2015 (LBO) - Sri Lanka’s blue-chip John Keells Holdings said that its 850 million US dollar mixed development project “Cinnamon Life” has …