Sri Lanka’s private sector took a Pledge for Unity
May 21, 2019 (LBO) – Sri Lanka’s private sector representatives on Tuesday took a Pledge for Unity that they will work towards the goal of uniting people …
Companies
Dipped Products posts healthy growth: Group pre-tax profit up 32-pct in 2018/9
May 17, 2019 (LBO) - Sri Lanka's Dipped Products Group pre-tax profit was up 32 percent to 1,643 million rupees in 2018/9, the company said. The Group achieved …
Nedal Salem takes helm of Ceylon Tobacco Company
May 16, 2019 (LBO) - Nedal Salem was appointed managing director andchief executive officer of Ceylon Tobacco Company PLC (CTC) effective 15th May 2019. During …
Opinion: Fresh frontiers of pharmaceutical innovation
By Sri Lanka Chamber of Pharmaceutical Industry For centuries, human beings have waged a relentless battle against a litany of diseases that have ravaged …
Haycarb 2018/9 turnover Rs.20.9Bn: Raw material cost impacts negatively
May 16, 2019 (LBO) - Haycarb PLC reported revenue of 20.9 billion rupees, profit before tax of 1.35 billion rupees and profit after tax of 1.08 billion rupees …
Sampath Bank’s Net Interest Income up by 23-pct in Q1 2019
Sampath Bank reported a net interest income of Rs. 10.2 Bn for Q1 2019 reflecting a noteworthy growth of 23. buy lipitor online …
Central Bank extends regulatory action on The Finance Company for another three months
May 15, 2019 (LBO) – Sri Lanka's Central Bank has decided to extend the regulatory action currently in place on The Finance Company for another three months, …
CICT invests USD 1.5 mn to open Sri Lanka’s only Dangerous Goods Storage Facility
May 14, 2019 (LBO) – Sri Lanka’s first, and South Asia’s most advanced, Dangerous Goods Storage Facility (DGSF) was commissioned on Friday, 10th May at …
Sri Lanka allows duty free import of security equipment
May 08, 2019 (LBO) - State Minister of Finance Eran Wickramaratne announced the Government has decided to waive of duty on the import of of latest security …
Sri Lanka’s private sector opposes SLPA tariff hike at this juncture
May 04, 2019 (LBO) – Sri Lanka's private sector firms have strongly opposed the unilateral decision by the Sri Lanka Ports Authority (SLPA) to increase port …
Seylan Bank reports 11-pct year on year growth in 1Q 2019
May 03, 2019 (LBO) – Seylan Bank has made a steady start in 2019 by posting a Profit after Tax of 903 million rupees in the first quarter, up 11.10 percent …
Central Bank considering alternatives to revive Swarnamahal Financial Services
May 02, 2019 (LBO) – Sri Lanka's Central Bank said they are currently considering alternative measures to revive Swarnamahal Financial Services PLC as the …
Social media and messaging apps restored in Sri Lanka
Apr 30, 2019 (LBO) – Access to social media and messaging apps is being restored in Sri Lanka on the ninth day after the services were blocked as a security …
We are ready to welcome visitors from tomorrow: The Kingsbury Colombo
Apr 24, 2019 (LBO) – The Kingsbury Colombo said that they are ready to welcome visitors to the hotel from tomorrow and that the security in the premises and …
“Dialogue with Public Listed Companies” postponed: SEC
The Securities and Exchange Commission of Sri Lanka (SEC), has postponed the “Dialogue with Public Listed Companies” scheduled for Thursday 25th April, …
Kavan Ratnayaka appointed Chairman of National Development Bank
Apr 18, 2019 (LBO) – An Independent Director of National Development Bank (NDB), Kavantissa Danudra Weerawardene Ratnayaka has been appointed as the new …
Google, Apple removes TikTok from app stores in India after ban
Apr 18, 2019 (LBO) – South Indian state of Tamil Nadu has requested Google and Apple to take down the Chinese-owned Tiktok video sharing app from their app …
DFCC priced rights issue at a 56-pct discount to NAV to attract shareholders: CEO
Apr 08, 2019 (LBO) – Chief Executive Officer of Sri Lanka’s DFCC bank says that they wanted to make the rights issue attractive to shareholders by …
AIA receives shareholder approval for proposal to delist from CSE
Apr 03, 2019 (LBO) – Publicly listed company AIA Insurance Lanka announced that it will delist the Company’s shares from the official list of the Colombo …
Fitch rates Commercial Bank of Ceylon Basel III sub debt AA-(lka)(EXP)
Apr 02, 2019 (LBO) – Fitch Ratings has assigned Commercial Bank of Ceylon's proposed Basel III-compliant subordinated unsecured debentures an expected …