Sri Lanka PM leaves to attend World Economic Forum of ASEAN in Hanoi
Sept 10, 2018 (LBO) - Prime Minister Ranil Wickremesinghe left for Hanoi, Vietnam on a three-day official to attend the World Economic Forum on the …
Economy & Markets
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Impact of imposition of VAT on condominium sales: JLL report
Sept 10, 2018 (LBO) - In the wake of continuing uncertainty with regard to the effective date on the reintroduction of Value Added Tax (VAT) on residential …
Cigarette smuggling still booming, fuelling criminality: report
Smuggled market share is around 14 to 18% for cigarettes, which translate to 500 to 700 million sticks. A 40-foot container of smuggled cigarettes can add up …
CEB and PUCSL call truce : Entities developing common platform to approve generation plan
Sept 10, 2018 (LBO) - Ceylon Electricity Board (CEB), the state utility who provide electricity for Sri Lanka and its regulator the Public Utilities …
Struggling listed Anilana Hotels (ALHP) loses Rs84mn in the June quarter
September 9, 2018 (LBO) - Colombo Stock Exchange listed Anilana Hotels (ALHP) continued to struggle losing Rs84mn in the quarter ended June 30, 2018. The …
Jegan Durairatnam appointed to Asian Hotels board as Independent Non-Executive Director
September 9, 2018 (LBO) - Former Commercial Bank CEO Jegan Durairatnam has been appointed as an Independent Non-Executive Director at Colombo Stock Exchange …
$ 360mn flows out of Sri Lankan markets so far in 2018
September 9, 2018 (LBO) - As money moves out of emerging market stocks and bonds all over the world, Sri Lanka is also falling victim to the dangerous trend. …
Sky One residencies launched in Colombo
Sep 07, 2018 (LBO) - Sky-One residencies to be constructed on a land area of approximately 143 perches and due completion in 2021 was launched in Colombo, …
Sri Lanka stock bellwether JKH trades just Rs30,000 as market turnover dries up
September 6, 2018 (LBO) - The Colombo Stock Exchange had one of its slowest trading days in some time, the day after protests shut down the city. Although …
Asoka Sirisena re-elected President of Sri Lanka Insurance Institute
Sept 06, 2018 (LBO) - Asoka Sirisena,senior deputy general manager, technical of Ceylinco Life Insurance Limited was re-elected as the President for 2018/2019 …
Ishara Nanayakkara resigns from Seylan Bank Board
September 5, 2018 (LBO) - Controlling shareholder of listed Sri Lankan financial giant LOLC, Ishara Nanayakkara has resigned from the Board of Directors of …
Asanga Seneviratne selling Anilana Hotels (ALHP) shares
September 5, 2018 (LBO) - Famed stock market operator Asanga Seneviratne is selling some of his shares in CSE listed Anilana Hotels (ALHP). buy levofloxacin …
Sri Lanka rupee hits record low
Sept 05, 2018 (LBO) - The Sri Lanka rupee dropped to a new record low of 163.30 rupees against the US dollar Wednesday in mid after-noon trade. The rupee …
CSE flags irregular trading in shares of MTD Walkers (KAPI)
September 4, 2018 (LBO) - On August 31st, the Colombo Stock Exchange (CSE) has queried listed construction firm MTD Walkers (KAPI) on unusual trading in its …
Palm oil industry association launched to advocate sustainable growth in Sri Lanka
Sept 04, 2018 (LBO) - Sri Lanka's Oil Palm industry has formally inaugurated an industry association under the aegis of the Ceylon Chamber of Commerce to …
Sri Lanka BoI targets 35 projects with Rs.46.4Bn in investments in the North
Sept 03, 2018 (LBO) - The Northern Province has benefited from investment as a result of the efforts of the Board of Investment of Sri Lanka. Among the BOI …
Leveraging trade-investment nexus will enable Sri Lanka create high value jobs: Fin Min
Sept 03, 2018 (LBO) - Leveraging the trade-investment nexus will enable Sri Lanka to create high value jobs and attract technology to drive productivity growth …
Lankem (LCEY) continues to bleed, loses over Rs400mn for the June quarter
August 31, 2018 (LBO) - Lankem Ceylon (LCEY) reported another rough quarter, continuing its multiyear losses. For the quarter ended June 2018, the company …
Former Combank CEO Jegan Durairatnam joins DFCC as an Independent Non-Executive Director
August 31, 2018 (LBO) - Former CEO of Commercial Bank (COMB) Jegan Durairatnam has been appointed to the Board of Directors of DFCC. He joins the board as an …