Fitch rates DFCC’s Basel III sub-debt A+(EXP)
Feb 13, 2020 (LBO) – Fitch Ratings has assigned DFCC Bank's proposed rupee-denominated Basel III-compliant subordinated debentures an expected National …
Industry
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Ogilvy Digital, now a behavioural change company
Neo@Ogilvy, Sri Lanka’s first and largest full service specialized digital media agency announced today its transformation into ‘Ogilvy Digital’, to …
Dipped Products reports Rs. 23.2Bn Group turnover for nine months ending Dec 2019
Feb 13, 2020 (LBO) - Hayleys Group’s subsidiary Dipped Products PLC (DPL), a glove maker, reported 23.2 billion rupees Group turnover for the nine months …
WHT removal, a progressive step for MSMEs: Colombo Chamber of Commerce
Feb 12, 2020 (LBO) – Removal of withholding tax on salaries, interest, rent, and dividends is a progressive step for Micro, Small and Medium-sized …
Uki offers an alternate route from the Northern Province into the tech industry
By Jekhan Aruliah Does Sri Lanka need more university graduates? Sri Lanka has tens of thousands of unemployed graduates. Every now and then the government …
Fitch affirms HNB Finance at A(lka); outlook stable
Feb 12, 2020 (LBO) – Fitch Ratings Lanka has affirmed HNB Finance Limited's (HFL) National Long- Term Rating at 'A(lka)' with a stable outlook. The agency …
Sri Lanka’s electrocutions reached an alarming situation in 2019: PUCSL
Feb 12, 2020 (LBO) – Sri Lanka reported 103 fatalities due to electrocution in the year 2019 up from 89 fatalities reported in 2018, the electrocution report …
Chief of Naval Staff of Pakistan Navy visits Hambantota Intl Port
Admiral Zafar Mahmood Abbasi, Chief of Naval Staff of the Pakistan Navy and a delegation of officers visited the Hambantota International Port recently. They …
EDB continues marketing support for Boat Building Sector
Feb 12, 2020 (LBO) – Boat Building is a focused sector identified in the National Export Strategy (NES) 2018-2020 as it has the potential to contribute …
Singer Group Q3 FY 2019/20 records strong results
Reflecting a strong turnaround delivering an impressive surge in Q3 profits for the year 2019/20, the Singer Group reported consolidated profit after tax of …
President advises to conclude surveying of land units
Feb 12, 2020 (LBO) - President Gotabaya Rajapaksa advised to expedite the surveying of the land units during a discussion at the Presidential Secretariat …
Disclosure statement on Lanka IOC by Fitch Ratings
Feb 11, 2020 (LBO) – Fitch Ratings, making a disclosure in response to market enquiries about ratings of LIOC, said that they did not provide ratings or …
HNB Finance first IPO since January 2018
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The …
ICRA : Recent developments in power sec credit positive for mini-hydros
ICRA Lanka views recent developments in the hydro power sector to be credit positive. We based our assessment on three factors, (1) availability of sufficient …
Land an investment tool: Creates greater appeal for affluent
Land has been a commodity that has been looked upon as an investment for generations. The general understanding is to obtain land for housing or commercial …
MillionSpaces takes centre-stage at SLASSCOM’s Innovation Awards 2019
MillionSpaces, an online marketplace where users discover and book unique spaces and venues for various events, was bestowed with the 1st Runner-Up for the …
SriLankan strengthens presence in US, Europe via Qatar Airways codeshare
Feb 07, 2020 (LBO) – SriLankan Airlines is strengthening its presence in the US and European markets through the expansion of its existing codeshare …
PUCSL asks CEB for explanation regarding recent power outages
Feb 07, 2020 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the electricity regulator is seeking an investigation report on the recent power …
Mobitel & Thuru’s reforestation project shortlisted at GSMA Global Mobile Awards 2020
Mobitel and Thuru’s joint project - ‘Reforestation through Technology’ - has been shortlisted for the ‘Best Mobile Innovation for Climate Action …
SriLankan Airlines temporary reduces flights to China
Feb 06, 2020 (LBO) - SriLankan Airlines is rationalizing its services to China in accordance with current market conditions as per its long-held commercial …