Companies

CSE approves Sampath Bank’s Rs6bn Basel III compliant debt issue

Dec 11, 2017 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the Basel III compliant debt securities of Sampath Bank. …

LVL Energy Fund to announce Rs1.2bn IPO; largest since 2015

Dec 04, 2017 (LBO) – A leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund is set to announce a 1.2 billion rupees initial public …

Aitken Spence bags Best Corporate Citizen Sustainability Award 2017

Nov 29, 2017 (LBO) – Aitken Spence won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ an annual event organized by the Ceylon Chamber of …

Foreign investment in stock market hits an all-time high in 2017

In what continues to be a promising year for foreign investor involvement in the stock market, 2017 has recorded an all-time high in foreign purchases during a …

Sri Lanka’s Renuka Hotels commences trading at Colombo Stock Exchange

Nov 21, 2017 (LBO) – Renuka Hotels Limited commenced trading on the Colombo Stock Exchange (CSE) today and the occasion was marked through a bell ringing …

Piramal Glass Ceylon announces financial results for Q2 , F18

1st Half FY-2017-18: Piramal Glass Ceylon PLC has reported its results for the 1st Half of the year FY 2017-18 with Rs. 3,082 million of Revenue & Rs. 154 …

Sri Lanka’s Aitken Spence second quarter profits up by 15-pct

Aitken Spence PLC posted Rs. 1.12 bn as profits before tax in the three months ended 30th September, an increase of 15.4% year-on-year. Profits attributable to …

Sri Lanka’s John Keells Holdings second quarter net edge down

Nov 06, 2017 (LBO) – Profits at Sri Lanka’s diversified John Keells Holdings edged down in the September quarter amid higher sales costs and lower profits …

New banks should also comply with new capital requirements: CB

Oct 26, 2017 (LBO) – New banks to be established or incorporated in Sri Lanka are required to meet new minimum capital requirements with immediate effect, …

Fitch rates first Sri Lanka Basel III sub debt; Sampath final A(lka)

Oct 16, 2017 (LBO) – Fitch Ratings has assigned Sampath Bank's proposed Basel III-compliant subordinated debentures a National Long-Term Rating of 'A(lka)'. …

Sri Lanka’s Dialog Axiata introduces mobile payment app

Oct 06, 2017 (LBO) – Sri Lanka’s diversified telco operator Dialog Axiata has introduced a mobile payment app which enables bill payments directly through …

Shareholders approve Sampath Bank’s Basel III compliant debt issue

Oct 06, 2017 (LBO) – Shareholders of Sri Lanka’s Sampath Bank have approved the proposed Basel III compliant debenture issue at the Extra Ordinary General …

Sri Lanka’s Asiri Surgical to start comprehensive cancer treatment

Oct 04, 2017 (LBO) – Sri Lanka’s Asiri Surgical Hospital has divested half of its stake in Asiri AOI to India-based Cancer Treatment Services Hyderabad for …

Sri Lanka’s Nations Trust Bank to issue listed debt

Sep 28, 2017 (LBO) – Sri Lanka’s Nations Trust Bank is to issue listed rated unsecured subordinated redeemable debentures worth 3.5 billion rupees to meet …

Fitch maintains rating watch negative on Distilleries Company

Sep 27, 2017 (LBO) – Fitch Ratings has maintained the Rating Watch Negative (RWN) on alcoholic beverage manufacturer Distilleries Company's (DIST) National …

Fitch affirms Sri Lanka’s Abans at BBB+(lka); outlook stable

Fitch Ratings has affirmed Sri Lanka-based retailer Abans PLC's (Abans) National Long-Term Rating at 'BBB+(lka)' with a Stable outlook. Fitch has also …

Harry Jayawardena reappointed to Distilleries as Melstacorp nominee

Sep 22, 2017 (LBO) – Sri Lanka’s business tycoon Harry Jayawardena has been reappointed to the board of Distilleries as a nominee of Melstacorp.online …

New US Trade Rep assures no major changes in trade policy on Sri Lanka

Sep 18, 2017 (LBO) – The United States has stressed that there shall be no major change in its trade policy towards Sri Lanka in the aftermath of its new …