A protracted downturn could weaken Abans’ leverage vs Singer: Fitch Ratings
Dec 16, 2020 (LBO) – Fitch Ratings believes Sri Lanka-based consumer-durables retailer Abans PLC's (BBB+(lka)/Negative) leverage will rise faster than that …
Companies
Hemas divests its shareholding in Serendib Hotels
Dec 15, 2020 (LBO) – Hemas Holdings PLC (HHL) has divested its’ shareholding in Serendib Hotel PLC to Eden Hotel Lanka PLC, a subsidiary of LOLC Holdings …
Pelwatte Dairy hails budget; appreciates govt proposals to develop dairy Industry
Pelwatte Dairy Industries, the local dairy giant consents to the budget 2021 tabled recently, it expressed its appreciation towards the measures proposed to …
UNDP engages pvt sector to ensure human rights at centre of recovery efforts
The instability and fear that the COVID-19 pandemic brings about is exacerbating human rights concerns around the world. While businesses face an unprecedented …
Multiple wins for Union Assurance at Sri Lanka leadership awards 2020
Union Assurance clinched multiple awards including Best Brand and Sustainable Marketing Excellence at the Sri Lanka Leadership Awards, as well as Best Employer …
ABCs of investing in Sri Lankan real estate
By Lanka Property Web Imagine overlooking the crashing beach waves and feeling the cool ocean breeze stroking your cheeks as you sip on a cup of tea from the …
Renuka Holding PLC to raise Rs.1Bn via rights issue on CSE digital platform
Dec 08, 2020 (LBO) - Renuka Holding PLC (RHL) has announced plans to raise Rs. 1.031 billion via a Rights Issue closing on the 16th of December to carry out …
World Bank says SL’s high-level of informal employment a concern
Dec 07, 2020 (LBO) - Around 70 percent of Sri Lanka's workforce are informally employed and there are generally three reasons to be concerned about high …
Standard Chartered supports SL’s economic recovery via financing facilities for PPE manufacturers
Dec 02, 2020 (LBO) - Standard Chartered Sri Lanka announced today the facilitation of financing for Industrial Clothing Limited (Midas Safety Sri Lanka) as …
Sierra Cables register commendable performance in 2Q; wins new tender for uPVC pipes
Sierra Cables, Sri Lanka’s leading manufacturer of copper and aluminium cables at the forefront of meeting multiple needs across industrial sectors, posted …
Private sector an equal partner in economic revival: Dr. Hans Wijayasuriya
Dec 02, 2020 (LBO) - Chairman of the Ceylon Chamber of Commerce has called on the private sector to be an equal partner in securing an accelerated economic …
Phase 5 of Jaya container terminal of SLPA commences
Dec 01, 2020 (LBO) - The construction of the phase 5 of the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) commenced today. The event was …
Sampath Bank offers attractive loans for commercial & residential solar power projects
Extending its support to the Sri Lankan Government’s intention to increase the use of solar power among commercial and residential sectors, Sampath Bank PLC …
OCTAVE: Integrating advanced analytics with front-line business decisions
OCTAVE, the John Keells Group’s Data and Advanced Analytics Center of Excellence is making strides to build a world-class analytics practice to derive the …
Sri Lanka vehicle registrations continue to dip in Oct 2020
Sri Lanka’s vehicle registrations in October hit a record low across the board, including all commercial vehicle categories, due to the economic impact of …
Sri Lanka Govt and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $165 million loan agreement to provide immediate financing support for small …
ADB to help SL small and medium-sized enterprises recover from COVID-19
The Asian Development Bank (ADB) has approved a $165 million loan to Sri Lanka to provide immediate financing support for small and medium-enterprises (SMEs), …
Antibiotic resistance: SLCPI calls for responsible antibiotics prescription, use
The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) reiterated its commitment towards raising awareness on ethical marketing, prescribing and use of …
Sri Lankan banks’ ratings unaffected by proposed FLC mergers: Fitch Ratings
Nov 23, 2020 (LBO) – The mergers of Sri Lankan finance and leasing company (FLC) subsidiaries with their parent banks will not have an immediate impact on …
Rigid Tyre plant to commence operations in mid-January boosting Sri Lankan exports
Rigid Tyre Corporation (Pvt) Ltd built with an investment of USD 250 million is slated for opening in mid-January 2021. The state-of-the-art, fully-integrated …