CDS relocates operations to Rajagiriya to support expansion
Aug 11, 2017 (LBO) - To support expansion planned for the Colombo Stock Exchange, the Central Depository System (Pvt) Ltd (CDS), has relocated its operations …
Economy & Markets
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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 …
Asian stocks fall as North Korea, U.S. tensions escalate
Aug 09, 2017 (LBO) - Asian stocks fell on Wednesday after U.S. and North Korea exchanged further threats amid escalating tensions between the two nations. U.S. …
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 Lanka to share info on money laundering with China, Bhutan
Aug 08, 2017 (LBO) – Sri Lanka will share financial information with China and Bhutan facilitating investigation and prosecution of persons suspected of …
Sri Lanka, UN sign Sustainable Development Framework, USD 300 mln pledged
Aug 04, 2017 (LBO) - Sri Lanka's Government and the United Nations have signed the 2018 – 2022 United Nations Sustainable Development Framework (UNSDF), …
Supreme court says “No” to new income tax act
Aug 04, 2017 (LBO) - Sri Lanka's parliament was told that parts of the proposed new Inland Revenue bill is not consistent with the islands constitution. The …
No Confidence Motion against Sri Lankan Foreign Minister submitted
By P.K. Balachandran Thirty two members of the Joint Opposition in the Sri Lankan parliament on Thursday submitted to the Speaker a Motion of No Confidence …
Sri Lanka holds policy rates unchanged as inflation eases
Aug 03, 2017 (LBO) - Sri Lanka's central bank held key policy rates unchanged on Thursday with inflation falling to 4.8 percent in July and likely to fall …
Sri Lanka to set up new public-private funded university
Aug 02, 2017 (LBO) – Cabinet nod has been received to establish an international level university in Sri Lanka under a public-private partnership model. …
Sri Lanka’s accountants should adapt with changing times: Harsha
Aug 02, 2017 (LBO) - Sri Lanka's chartered accountants should adapt and face head on the drastic changes the business world is witnessing, Harsha de Silva, …
Sri Lanka exports show tepid growth during first 5 months
Aug 02, 2017 (LBO) - Sri Lanka's earnings from exports expanded in May by 7.8 percent to 841 million dollars, on an year-on-year basis, however during the …
Australian purchases in the stock market hits an all-time high
(PRESS RELEASE) - Foreign inflows to the stock market originating from Australia indicate a figure of Rs. 626.4 million year-to-date, which is an all-time …
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 …
Sri Lanka’s port deal boosts foreign reserves, a credit positive: Moody’s
Aug 01, 2017 (LBO) - The Hambantota port deal is credit positive for Sri Lanka because it will boost foreign-exchange reserves, which will ease the …
Ceylon Chamber presents recommendations to fast-track PPPs
July 31, 2017 (LBO) – The Ceylon Chamber of Commerce national agenda committee on infrastructure has presented a set of recommendations on fast-tracking …
Privatization is not part of my mandate: New PPP chief
July 26, 2017 (LBO) – Sri Lanka will look at public-private partnerships (PPPs) in transport, utilities, ports, tourism, construction, housing, health care, …