Uber’s 24×7 safety helpline live in Sri Lanka
Aug 18, 2020 (LBO) - Uber has relaunched its on-trip 24x7 Safety Helpline in Sri Lanka to ensure the safety of riders and to provide them greater peace of …
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Hayleys reports PAT of Rs.561.76 million Q1 2020
Aug 18, 2020 (LBO) - The Hayleys Group remained resilient amidst unprecedented challenges to record a pre-tax profit of Rs.1.17 billion in the first quarter of …
First Capital posts PAT of Rs. 1.46bn for 1Q 20/21 on the back of strong results for FY 19/20
Aug 18, 2020 (LBO) – First Capital Holdings PLC (the Group) the only listed investment bank in Sri Lanka, continued its growth momentum into the first …
BOI signs agreement with HTCey Aqua Culture for Vannamei Shrimp project in Puttalam
Aug 17, 2020 (LBO) - The Board of Investment of Sri Lanka has signed an agreement with HTCey Aqua Culture (Pvt) Limited for a 12 million pl (Post Larvae) …
Plantation companies to lose Rs 500 mn. due to govt. vacillation on oil palm
Aug 17, 2020 (LBO) - Plantation companies will sustain a cumulative loss of more than Rs 500 million within months due to policy inconsistencies and …
MarCom Collective congratulates new Govt: Seeks partnership to rebuild industry
Aug 17, 2020 (LBO) - The MarCom Collective congratulated Prime Minister Mahinda Rajapaksa and his newly appointed cabinet of ministers as well as all other …
Sri Lanka’s exports surpass USD 1bn mark in July with V shape recovery
Aug 14, 2020 (LBO) – Sri Lanka’s exports have surpassed the USD 1 billion mark in July after six months time period where a similar achievement was only …
Daintee acquisition to boost Sunshine’s defensive cash flows: Fitch Ratings
Aug 14, 2020 (LBO) – Sunshine Holdings PLC's 100 percent acquisition of Sri Lanka-based confectionery maker Daintee Limited will increase the cash flow of …
Hemas Delivers Resilient Performance Amidst COVID-19 Pandemic: Group CEO
Hemas Holdings PLC reported a consolidated Group revenue of Rs. 13.0 billion, a decline of 1.6% during the first quarter of the financial year 2020/21, …
Teejay posts operating profit of Rs. 15mn in COVID-19 hit first quarter
Teejay Lanka PLC has reported operating profit of Rs 15.2 million and profit before tax of Rs 13.9 million for the first quarter of 2020-21 but posted a …
Local manufacturers welcome new State Ministry for Pharmaceutical Manufacture
The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA) welcomed the newly elected government’s decision to create a new State Ministry for …
CAL advises Sunshine Holdings on Rs. 1.7Bn acquisition of Daintee Limited
Aug 13, 2020 (LBO) – Consolidating its stance as a Sri Lankan family business expert, Capital Alliance Partners Limited (CAL) advised Sunshine Holdings PLC …
Ceylinco Life reports 6-month income of Rs 17.1 billion
Aug 12, 2020 (LBO) - Ceylinco Life has reported gross income of Rs 17.1 billion for the first half of 2020, an improvement of 14.9 per cent over the …
LOLC finishes two years in succession as the most profitable conglomerate
LOLC Group (LOLC), the premier blue chip conglomerate concluded another financial year on a high note as per the results for the year ended 31st March 2020. …
Ceylon Chamber congratulates PM & welcomes strong mandate for accelerated economic revival
The Ceylon Chamber of Commerce congratulates Prime Minister Mahinda Rajapaksa and the newly elected government on its victory at the 2020 General Election and …
National Chamber of Exporters welcomes new Govt.
Aug 10, 2020 (LBO) - The National Chamber of Exporters of Sri Lanka (NCE) congratulated the newly concluded election and the great victory achieved, in the …
Hotels Association welcomes new PM and Govt: Call for tourism development
Aug 10, 2020 (LBO) - The Hotels Association of Sri Lanka (THASL) congratulated President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa for their …
Chitranjali Dissanayake appointed Director General of Export Development Board
Aug 08, 2020 (LBO) – Chitranjali Dissanayake has been appointed as the Director General of Sri Lanka Export Development Board (EDB) with effect from 4 August …
Are caveat notices strangling the condominium industry in Sri Lanka?
Kapila Gamage Attorney-at-Law and Condominium Consultant The condominium developers of Sri Lanka are being terrorized by a new kind of threat that is …
Court refuses injunction sought by LRI to prevent allocation of land to foreign investor
Aug 06, 2020 (LBO) - The District Court of Colombo made Order refusing an Injunction sought by Lanka Realty Investment (formerly Ascot Holdings PLC) in an …