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 …
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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 …
Fitch affirms Sri Lanka’s Dialog Axiata at AAA(lka); outlook stable
Apr 02, 2019 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of Sri Lanka-based telecoms company Dialog Axiata at 'AAA(lka)' with a stable …
Vikas Arora assumes role of Sri Lanka’s Chief Country Officer of Deutsche Bank
Apr 02, 2019 (LBO) – Vikas Arora has assumed the role of Sri Lanka’s Chief Country Officer and General Manager of Deutsche Bank AG Colombo Branch effective …
Huawei CEO and Founder expects revenue to touch USD125Bn in 2019
Apr 01, 2019 (LBO) - Ren Zhengfei, CEO and Founder of Huawei, recently said that 2019 could be a difficult year for Huawei, and however the company, is …
OBG Sri Lanka report:Looks at steps being taken to encourage innovation and boost export earnings to USD20Bn in 2019
Mar 27, 2019 (LBO) - A new report from research and consultancy firm Oxford Business Group (OBG) shines a spotlight on Sri Lanka’s wide-ranging plan to …
Sri Lanka’s Oceanpick first in South Asia to earn certification for offshore farming
Mar 27, 2019 (LBO) - Oceanpick (Pvt) Ltd., has been awarded the Best Aquaculture Practices (BAP) certification, making Sri Lanka a pioneer in South Asia -and …