Hemas eyes state-owned Lanka Hospitals Corporation
Dec 04, 2015 (LBO) – Sri Lanka’s diversified conglomerate Hemas Holdings has expressed interest in acquiring a stake of state-owned Lanka Hospitals …
Companies
Blue Diamonds to call EGM to use Right Issue to pay salaries
Dec 04, 2015 (LBO) – Sri Lanka’s Blue Diamonds is to call an Extraordinary General Meeting to obtain approval to use part of their Rights Issue funds to …
Dialog Axiata says no agreement to buy Airtel
Dec 03, 2015 (LBO) – Sri Lanka’s fixed and mobile telco operator Dialog Axiata said on Thursday that it has not entered into an agreement with any party to …
Mobitel considers strategic acquisition of local operator
Nov 28, 2015 (LBO) - Mobitel, a fully-owned unit of listed Sri Lanka Telecom, said it is considering a strategic acquisition of a local operator and denies …
Laugfs eyes Asian market with USD80mn LPG terminal, 10 ships
Nov 18, 2015 (LBO) – Sri Lanka’s Laugfs group plans to expand into Asian waters more aggressively with the launching of its planned LPG terminal to be …
Ceylon Hotels Corp to construct a 50-room hotel in Maldives for USD27.7mn
Nov 16, 2015 (LBO) – Sri Lanka’s Ceylon Hotel Corporation said that it plans to construct a 50-room hotel in Maldives with an investment of 27. online …
Dividend tracker improves equity insights: SC Securities
Oct 24, 2015 (LBO) - Sri Lanka's SC Securities believes divided tracking is one way of gaining insights into equity performance in stocks listed on the Colombo …
Germany’s Bosch commences operations in Sri Lanka, eyes construction boom
Oct 20, 2015 (LBO) – Bosch, a leading German supplier of technology and services, commenced operations in Sri Lanka to meet the increasing demand seen in the …
Textured Jersey to offer share options to employees
Sept 30, 2015 (LBO) – Sri Lanka’s Textured Jersey Lanka says it will implement an employee share option scheme (ESOS) for directors and selected executives …
Sri Lanka plans asbestos roofing import ban by 2018: President
Aug 14, 2015 (LBO) - Sri Lanka’s President says the government may ban importing of asbestos roofing by 2017-2018, as it generates health issues to the …
Sri Lanka’s Tea exporters are to be blamed for tea export reduction: Dilmah Chief
Aug 13, 2015 (LBO) – Sri Lanka’s Tea exporter, Dilmah says tea exporters who create various brand names at very cheap price levels in the global market are …
Sri Lanka’s organizations should recognize minority shareholder interest and pay sufficient dividends
Aug 03, 2015 (LBO) – Sri Lanka’s organizations should recognize minority shareholder interest and pay sufficient attention and dividends, a former head of …
Building disruptive models challenge dominant industry logic: Leapset CEO
July 25, 2015 (LBO) – Anyone can build a disruptive company, but not if you work for a big company, Mani Kulasooriya, co-founder and the chief executive of …
Sri Lanka’s Fitch downgrades Siyapatha Finance to ‘A-(lka)’
July 14, 2015 (LBO) - Fitch Ratings Lanka has downgraded Siyapatha Finance PLC's (SLFL) National Long-Term Rating to 'A-(lka)' from 'A(lka)' with a stable …
Sri Lanka tea plantation workers offered a wage hike
July 14, 2015 (LBO) - Sri Lanka’s regional plantation companies (RPCs ) said they are raising the daily pay for 1000 rupees to meet labour union demands but …
Huawei launches its flagship smartphone – P8
July 6, 2015 (LBO) - Chinese telecoms maker Huawei together with Singer Sri Lanka launched its newest addition to the smart phone segment “Huawei P8” in …
Kalpitiya Beach Resort To Build Ayurvedic Spa; Seeks Shareholder Approval
June 3, 2015 (LBO) – Sri Lanka’s troubled Kalpitiya Beach Resort, a subsidiary of Citrus Leisure PLC, has said, that it plans to commence work on a sixty …
Sri Lanka’s JKH to continue the Waterfront property project
Jan 30, 2015 (LBO) - Sri Lanka's John Keells Holdings said it will continue the Waterfront property project as planned despite the new government’s …
Sri Lanka John Keells in share buyback
Sept 25, 2008 (LBO) –Sri Lanka's John Keells Holdings (JKH) said it would give back 2.2 billion rupees to shareholders through a buy back of one share …