SriLankan Airlines 1H group loss reduced to USD76mn; plans flights to Sydney
Nov 07, 2019 (LBO) – SriLankan Airlines has made progress in the first half of this year by reducing group loss to 76 million US dollars, a 10 million dollar …
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Fitch rates Singer Finance (Lanka)’s senior debt ‘BBB(lka)(EXP)’
Nov 06, 2019 (LBO) - Fitch Ratings has assigned Singer Finance (Lanka) PLC's (SFL, BBB(lka)/Stable) proposed Sri Lanka rupee-denominated senior unsecured …
The future of Sri Lanka’s education in the 4IR : IPS
The profound impacts that an emerging fourth industrial revolution (4IR) will have on the future employment landscape underscore the crucial role of education …
Kingsbury Hotel to redesign spaces with unique dining experiences under BOI deal
Nov 05, 2019 (LBO) – Sri Lanka's Board of Investment has signed a supplementary agreement with the Kingsbury PLC to expand and refurbish the hotel located at …
Sri Lanka economy to grow 3.5-pct in 2020: Central Bank
Nov 05, 2019 (LBO) - The Sri Lankan economy is projected to grow by around 3.5 percent in real terms in 2020, a new Central Bank report says. "The growth is …
Sri Lanka FDI down in first half of 2019: Dips in service and infrastructure sectors
Nov 05, 2019 (LBO) - The Central Bank says that Foreign Direct Investment (FDI) including loans to projects approved by the Board of Investment (BOI), …
Fitch affirms Melstacorp & Distilleries at ‘AAA(lka)’; outlook stable
Nov 04, 2019 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp, and its subsidiary, Distilleries …
ComBank receives best bank award from Global Finance
The Commercial Bank of Ceylon was recently presented the award for ‘Sri Lanka’s Best Bank in 2019’ by the USA-based Global Finance magazine at the 26th …
Opinion: Are we finally done taxing Aunty Flo?
By Nishtha Chadha One of the most talked about election promises this week has been Sajith Premadasa’s promise to distribute free sanitary hygiene products. …
Fin Min says LPG supplies on the way
Nov 04, 2019 (LBO) - Sri Lanka’s Finance Ministry says an emergency purchase of 12,000 metric tonnes of liquefied petroleum gas is on its way following …
JKH Sept quarter net profit down 55-pct amid Easter Sunday impacts
Nov 01, 2019 (LBO) – Sri Lanka’s diversified John Keells Holdings said its profits for the second quarter were mainly impacted by the Easter Sunday impacts …
Moody’s affirms 3 Sri Lankan banks’ ratings
Nov 01, 2019 (LBO) – Moody's Investors Service has affirmed the long-term/short-term local currency deposit ratings of Bank of Ceylon (BOC), Hatton National …
Seylan Bank records profit after tax of Rs. 2.6Bn in 3Q 2019
Oct 31, 2019 (LBO) – Seylan Bank closed the nine months ending 30th September 2019 with a post-tax profit of Rs. 2,554 Mn, a marginal increase of 1% over the …
Sri Lanka to operate luxury train coaches to Badulla, North, East & South routes
Oct 31, 2019 (LBO) – Sri Lanka is to operate luxury train coaches to Badulla, Northern, Eastern, and Southern routes considering the demand for such luxury …
![ICRA Lanka reaffirms the [SL]A+ long term ratings of Access Engineering PLC](https://www.lankabusinessonline.com/wp-content/uploads/2016/11/Access-Engineering-PLC-CSE.jpg "ICRA Lanka reaffirms the [SL]A+ long term ratings of Access Engineering PLC")
ICRA Lanka reaffirms the [SL]A+ long term ratings of Access Engineering PLC
Rating action ICRA Lanka Limited, Subsidiary of ICRA Limited, Group Company of Moody’s Investors Service has reaffirmed the Issuer rating of [SL]A+ …
Opinion: Are apartment developers moving to suburbs?
LankaPropertyWeb's (LPW) With Colombo city turning into a business hub more than a residential area, recent studies of LankaPropertyWeb (LPW) show that …
Teejay’s 6-month net profit up 75-pct to Rs.1.24Bn
Oct 31, 2019 (LBO) - Textile manufacturer Teejay Lanka PLC has announced top and bottom line growth in the first half of 2019-20, with investments in expansion …
Asian Hotels (AHPL) reports a profit, tourism recovery taking hold
October 29, 2019 (LBO) - Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported a modest profit in the quarter ended September 30th. AHPL is …
Luxury tax has no effect on small motor vehicles: Finance Ministry
Oct 29, 2019 (LBO) – Sri Lanka’s Finance Ministry says that the luxury tax imposed on motor vehicles will not be relevant to small motor vehicles. …
Tax concessions and benefits for public servants announced during VoA
Oct 28, 2019 (LBO) - Finance Minister Mangala Samaraweera announced tax concessions and benefits for public servants at the time of presenting the Vote on …