Sri Lanka Presidents explains reasons for dissolving parliament
Nov 12, 2018 (LBO) - Sri Lanka's president Maithripala Sirisena said the main reason to dissolve Parliament last Friday night was claims of parliamentarians …
Economy & Markets
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Constitutional Crisis – Rs28bn foreign capital flees Sri Lanka in 2 weeks
November 9, 2018 (LBO) - Foreign selling of Sri Lanka's stocks and bonds continued at a brisk pace in the second full week of Sri Lanka's constitutional …
EU warns Sri Lanka constitution crisis could damage reputation and deter investors
Nov 09, 2018 (LBO) - Sri Lanka's prevailing political crisis could further delay and damage the island's international reputation and deter investors, a …
Haycarb records turnover of Rs.8.9Bn with PBT of Rs.502Mn for H12018/19
Nov 09, 2018 (LBO) - Haycarb PLC, a manufacturer of coconut shell activated carbon reported revenue of 8.9 billion rupees and profit before tax of 502 million …
Sri Lanka’s Watawala Plantations records PAT of Rs.554Mn
Nov 09, 2018 (LBO) - Watawala Plantations PLC reported a profit after tax (PAT) of 554 million rupees for the six months ended 30 September 2018. The Company …
Sri Lanka tea prices mixed in Oct 2018
Nov 09, 2018 (LBO) - Sri Lanka's low growns teas continued to meet with good demand, whilst high and mid grown small leaf teas continued to witness downward …
Finance Minister revives Tax Appeals Commission to expedite dispute resolution
Nov 08, 2018 (LBO) – Sri Lanka's Tax Appeals Commission (TAC) which has been inactive for some time has now been revived with the reappointment of Justice …
Harry, Captains up stakes in John Keells Holdings (JKH)
November 8, 2018 (LBO) - Colombo Stock Exchange market bellwether John Keells Holdings (JKH) reported its quarterly results last night, which included an …
Sri Lanka tourist arrivals up only 0.5-pct in Oct 2018
Nov 08, 2018 (LBO) - Sri Lanka's tourist arrivals during October 2018 was 153,123 in comparison to October last year, there is a growth of 0.5 percent when the …
JKH PBT down 5-pct in 2Q: Revenue Rs.32.57Bn
Nov 08, 2018 (LBO) - Sri Lanka's John Keells Holdings (JKH) said the Group recorded a profit before tax (PBT) at 4.69 billion rupees in the second quarter of …
Nestlé opens third milk chilling centre in Mannar district
(PRESS RELEASE) - Continuing its strong dairy development drive in the country, Nestlé has opened its third milk chilling centre in the Mannar district, in …
Sri Lanka Central Bank rejects recent news articles on increased money printing
Nov 07, 2018 (LBO) – Sri Lanka’s Central Bank on Wednesday rejected newspaper articles published about the increased money printing by the Central Bank in …
CSE & GRI announce next round of workshops for listed companies
The Colombo Stock Exchange (CSE) announces the next round of workshops on corporate transparency and sustainability to be conducted in partnership with the …
Central Bank releases step by step guide to doing business in Sri Lanka
Nov 07, 2018 (LBO) – The Eighth edition of “A Step by Step Guide to Doing Business in Sri Lanka” has been published by the Central Bank. The guide has …
Allianz tops Dow Jones Sustainability Index 2018
Sector leader in prestigious sustainability rating with 85 out of 100 points, second time in a row Best in sector in climate strategy, human capital …
Sri Lanka explores tourism market potential in Switzerland
Nov 06, 2018 (LBO) - The Sri Lanka Mission in Geneva in collaboration with Sri Lanka Tourism Promotion Bureau organized the islands participation at a tourism …
Asiri buys Hemas Southern Hospital for Rs.450Mn
Nov 06, 2018 (LBO) - Asiri Hospital Holdings Plc, a subsidiary of Softlogic Group acquired Hemas Southern Hospitals for 450 million rupees, a statement said. …
Constitutional Crisis – Foreign exodus from CSE continues with Rs3bn sold today
November 5, 2018 (LBO) - Foreigners continued to exit the Colombo Stock Exchange (CSE) with net foreign selling of over Rs3bn on the day. With the accelerating …
Heavy trading in John Keells (JKH) with over 1.5% of company changing hands
November 5, 2018 (LBO) - Sri Lanka's constitutional crisis has lit a fire under the counrty's stock market sending trading volumes soaring. Trading at the …
Mangala says Singapore Platts price of refined petrol down 12-pct since Oct 10
Nov 05, 2018 (LBO) – Mangala Samaraweera says that the Rajapaksa administration is attempting to revert to the opaque, politicized regime of fuel pricing …