NDBIB wraps up 2019 with Rs.62Bn in Capital raisings
Feb 20, 2020 (LBO) - NDB Investment Bank (NDBIB) continued to execute milestone transactions in 2019, reiterating its position as the unrivalled leader in …
Industry
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Sri Lanka’s Dialog Axiata inks USD 250Mn investment agreement with BoI
Feb 19, 2020 (LBO) - Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), …
Railway e-Ticketing service for pensioners goes online
Feb 19, 2020 (LBO) – Sri Lanka Railway Department on Wednesday launched an online booking system to facilitate the reservation of railway seats for …
Ceylinco Life closes 2019 with PBT Rs.8.2Bn, Revenue of Rs.32.1Bn
Feb 19, 2020 (LBO) - Ceylinco Life has ended 2019 on a characteristically strong note, with consolidated income of 32.1 billion rupees for the 12 months ending …
John Keells Properties partners with Union Assurance to provide life cover for TRI-ZEN customers
John Keells Properties signed a partnership agreement with Union Assurance -one of the country’s leading life insurance providers for corporates and …
Aster residencies opens doors in Nugegoda
Aster Residencies (Pvt) Ltd completed construction of its flagship residential project, handing over brand new apartments to residents, many of whom are …
Sri Lanka raids and finds substandard lubricants products worth Rs. 2.5Mn
Feb 19, 2020 (LBO) - Sri Lanka carried -out an Island-wide raid on substandard and unauthorised lubricants products as the Consumer Affairs Authority (CAA) …
Deutsche Bank invests in Sri Lanka’s corporate clients with new digital FX platform
Feb 18, 2020 (LBO) – Deutsche Bank today announced it is investing in Sri Lanka and launching a major push into the corporate client market, with the rollout …
Sri Lanka trade deficit widens in Dec 2019
Feb 18, 2020 (LBO) - The deficit in the trade account widened in December 2019 to US dollars 784 million, from US dollars 701 million in December 2018, led by …
Sri Lanka vehicle registrations rebounds in Jan 2020
Feb 18, 2020 (LBO) - Sri Lanka's total car registrations recorded 2,536 units in January up from 2,057 units in Dec but down from 3,147 units 12 months ago, a …
HNB Finance IPO oversubscribed on opening day
Feb 17, 2020 (LBO) - HNB Finance Limited’s initial public offering through an offer for sale of 10 million ordinary voting shares at 5.70 rupees per share …
Sri Lanka’s Paragon Holdings launch augmented reality app
Feb 17, 2020 (LBO) - Paragon Holdings, specialising in outdoor advertising, TV & Radio advertising production, event management, and digital marketing …
MillenniumIT ESP carries out fastest Oracle ERP implementation for HNBA
MillenniumIT ESP – one of Sri Lanka’s leading Systems Integrator and Information Systems Provider – recently announced that it has successfully …
Hambantota Port observes employees returned from China before epidemic broke
Feb 17, 2020 (LBO) – With the coronavirus epidemic becoming a serious cause for concern, the Hambantota International Port (HIP) has put in place several …
Construction of building complex in Colombo Port City to start by mid-2020
Feb 17, 2020 (LBO) – Construction of the building complex in Colombo Port City will commence in the middle of this year at a cost of 15 million US dollars …
Sunshine Holdings’ reports PAT Rs.1.7Bn, up 32.3-pct YoY
Feb 17, 2020 (LBO) - Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable …
Sri Lanka’s Hemas Group profit down 5-pct in 3Q amid on-going recovery
Feb 14, 2020 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure, and healthcare has posted a shareholder profit of 974.7 million …
Sri Lanka performs poorly on economic freedom: Focus on open trade crucial: Advocata
Sri Lanka currently ranks 104 out of 162 countries for Economic Freedom (Economic Freedom of the World Index, 2019). This is a 7 step drop from last year’s …
Valentine’s Day offer from SriLankan Airlines
SriLankan Airlines gives you an exciting way of celebrating Valentine’s Day this year with discounted fares of up to 25% off on Business class and 20% off on …
Hayleys Group records 41-pct profit growth in Q3
Feb 13, 2020 (LBO) – Sri Lanka’s diversified conglomerate, the Hayleys Group, demonstrated strong resilience in the 3rd quarter of 2019/20 to achieve a 41 …