Sri Lanka unveils modern hi-tech TVET facility with South Korean backing
Aug 21, 2019 (LBO) – Backed by the global industrial giant South Korea, Sri Lanka launched its most modern national hi-tech training facility to-date on …
General Services
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SLASSCOM and Norway sign collaboration agreement on ICT and entrepreneurship
Aug 20, 2019 (LBO) - The Sri Lanka Association of Software and Services Companies (SLASSCOM) and the Norwegian Ministry of Foreign Affairs entered into a …
Sri Lanka commence construction of USD2.2Bn LRT project
Aug 16, 2019 (LBO) - The Ministry of Megapolis and Western Development has commenced phase one of the construction work of the Malabe and Colombo Fort Light …
Melstacorp records Rs. 8.9 bn PAT for 2018-19
Aug 16, 2019 (LBO) - The Melstacorp group’s profit after tax for the financial year 2018-19 was 8.9 billion rupees compared to the previous year’s figure …
Teejay extends partnership with University of Moratuwa
Teejay Lanka PLC, one of the largest knit fabric providers in South Asia, has announced an extension of its support to the University of Moratuwa for another …
CIM appoints Onalie Dissanayake as new head for Sri Lanka & Maldives
The Chartered Institute of Marketing (CIM), the world’s leading professional body for marketing, has appointed Onalie Dissanayake to head up CIM in Sri Lanka …
Sri Lanka’s Hayleys to issue listed debt
Aug 13, 2019 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the debt securities of Hayleys PLC. Hayleys said in a stock …
Sri Lanka industrial production up by 2.2-pct in Jun 2019
Aug 09, 2019 (LBO) - Sri Lanka's industrial production has increased by 2.2 percent in the month of June compared to the same month in 2018, new data show. …
Sri Lanka looking at establishing direct flights to Cambodia
Aug 09, 2019 (LBO) – Sri Lanka is looking at the possibility of establishing direct flights to Cambodia and to enhance tourism and trade between the two …
Singer revenue in Q1, 2019 marginally down for previous year
Aug 09, 2019 (LBO) - Singer (Sri Lanka) PLC results for Q1 ended June 30, 2019 indicated a Group revenue at 13.9 billion rupees, when compared to 15.1 billion …
Tea: July 2019 national average shows gains month on month
Aug 08, 2019 (LBO) - The national average for the month of July 2019 totalled 497.35 rupees against 494.48 rupees of June 2019, showing a marginal increase of …
Applications accepted for CA Sri Lanka’s 55th annual report awards
Aug 07, 2019 (LBO) - To honor the best Annual Report masterpiece produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is …
Piramal Glass Ceylon reports Rs.1,585Mn in revenue for FY Q1 2019/20
Aug 07, 2019 (LBO) - Piramal Glass Ceylon PLC has reported 1,585 million rupees revenue and 21 million rupees, profit after tax for the 1st quarter of FY …
Sri Lanka’s insurance industry records 5.7-pct growth in Q1 of 2019
Aug 06, 2019 (LBO) - The insurance industry reported a growth of 5.70 percent in terms of overall gross written premium (GWP), during the first quarter of …
Sri Lanka targets Rs.130Bn excise revenue in 2019; So far 24,150 raids conducted
Aug 05, 2019 (LBO) - The Excise Department has conducted 24,150 raids throughout the country during the first six months of this year under its program to …
Interblocks acquired by Hitachi-Omron
Aug 05, 2019 (LBO) - Interblocks, a local fintech that specializes in payment-related software for the financial and retail sectors, has been acquired by …
Dipped Products records turnover of Rs.7.8Bn
Aug 05, 2019 (LBO) - The Dipped Products Group posted 7.8 billion rupees turnover and 221 million rupees profit before tax (PBT) for the first quarter ended …
Central Bank asks customers to register for e-payment notification facilities
Aug 01, 2019 (LBO) – Sri Lanka's Central Bank is requesting customers to register for real-time e-payment notification facilities in order to prevent …
Technology, Digital Transformation drives Sri Lanka’s future of business: IBM Forum
July 30, 2019 (LBO) – IBM today conducted an IBM Innovation Forum in Colombo that brought together business leaders to explore how they can leverage …
Dentsu Grant Group launches Amnet operations in Sri Lanka
Jul 29, 2019 (LBO) - Dentsu Grant Group has announced the launch of Amnet, the programmatic expert from Dentsu Aegis Network, in Sri Lanka. Amnet is a …